Words From The Efficiency Experts

Community, News, Banking

The Value of the Census

The Census Bureau collects household information in order to understand the nation’s people and economy. The data describes where people live, their living arrangements, ages, income, education level, commuting patterns, and occupations.¹This information helps all members of the community in different ways. Following the constitutional mandate of equal population representation, the data is used to apportion seats in the House of Representatives and draw district boundaries. Conducting a census every ten years is required by the U.S Constitution.

News, Banking

What Banks Can Learn from Tech

Looking at the success of others, we can see what consumers want. Something Apple, Google, and Amazon all have in common is that they thrive with simplicity. Consumers love the sleek, uniform, and easy-to-use features of Apple products. People love how easy it is to find information with a quick Google search. People love finding what they need, buying it with the touch of a button, and having it on their doorstep within a day or two. It’s the ease, the simplicity.

News

Community Banks Ahead of Curve in FDIC’s Q3 Profile

The FDIC recently released its latest Quarterly Banking Profile for Q3 with positive results. The results include all FDIC-insured institutions. The profile is described by the FDIC as a “report card on industry status and performance.” The report looks at balance, loan performance, quarterly income, annual income, ratios by asset size, loans to small businesses and small farms, and ratios for community and non-community banks.

News, Banking

Protecting Yourself Against Online Shopping Scams

Fraud is not something new to us. The growth of technology has caused an influx of varying scams. Most people are aware of identity theft and the precautions to take. First-party fraud is also on the rise, with people intentionally fabricating all or part of their identity to avoid paying for products or services or to receive reduced rates.¹ With online shopping at large and the holiday season upon us, we want to talk about online shopping scams we’ve been seeing lately that we might be more likely to fall for.

News

Consumer Sentiment Stays Strong in 2019

Consumer sentiment is the measure of how optimistic consumers feel about their finances and the state of the economy. There are two major reporters of consumer sentiment: The Consumer Confidence Index by the Conference Board and the Michigan Consumer Sentiment Index by the University of Michigan. These are both conducted by household survey and report monthly.

Teslar, News

Teslar Receives First Fintech Grant from Association of Financial Technology (AFT)

Teslar is excited to announce that we are one of the four companies that has received a grant from Association for Financial Technology (AFT)’s Fintech Grant Program. AFT is a networking and professional development resource for the financial services industry. The organization is dedicated to the advancement of fintech companies and the U.S. financial industry through technology. By receiving this grant and participating in AFT, Teslar will be able to learn from and collaborate with leading financial technology providers.

Community, News, Banking

Pop-up Makerspace Available in Springdale, Arkansas

Springdale, Arkansas (home to Teslar’s headquarters) has received an exciting new, albeit temporary, addition to the community—an Innovation Hub. The hub is a pop-up makerspace that offers opportunities for adults and children of the community to attend free classes and workshops that offer tools and training to spark innovation and creativity and improve future careers.

News, Banking

Upcoming ICBA Webinar: How Your Bank Can Improve Efficiencies

Join Joe Ehrhardt, Founder & CEO of Teslar Software, to see how you can become a more efficient institution without losing a high touch approach.

News, Banking

Meet Teslar Webinar

This past Thursday Joe Ehrhardt, CEO and founder of Teslar, hosted a webinar with the ICBA and Independent Banker. The webinar was called Meet Teslar and Joe discussed why Teslar was selected for the inaugural class of ICBA's ThinkTECH Accelerator and voted Most Impactful Solution at ICBA Live 2019.

News

The Continued Strength of Community Banks

One of the most recent developments to come out of the banking industry were the recent layoffs conducted by Wells Fargo, the fourth largest lender in the United States. Announced last month, Wells Fargo laid off more than 200 employees mostly focused within their agriculture loan divisions in states such as North and South Dakota. According to people with direct knowledge on the matter, Wells Fargo has cut the commercial loan division of their lending portfolio by 25%. This comes as a blow to the farmers in North and South Dakota who were relying on Wells Fargo to meet their lending needs.

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