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There are 32.5MM small businesses in the US, generating 44% of economic activity — an attractive opportunity for financial service providers of all sizes.
Discussion over the rules governing faster payments is still ongoing at a federal level.
The outlook for office loans is less than rosy.
A number of challenger and foreign banks have recently exited or scaled down their presence in the US.
Treasury management services are needed by businesses more than ever these days.
The number of partnerships between financial institutions and fintechs is increasing with technologies advancing and competition intensifying.
Community financial institutions know their customers well.
Digital banking is a must for community financial institutions, with nearly 65% of the US population using digital banking in 2021.
Key ingredients make a top-performing CFI.
In the wake of the ongoing talent shortage across the country, outsourcing has become increasingly popular as companies struggle to find qualified candidates.