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The tech giants have been expanding into the financial industry in various ways.
By 2025, experts say that 75.4B IoT devices will be connected globally, which is more than double from 2021.
But digital technology can be a powerful way to enhance the personal touch.
This year, the number of digital banking users will reach 197MM.
Strategic planning is starting and your institution will likely be discussing various technology initiatives.
With the employment market stretched, retaining employees is more important than ever.
To compete effectively, community financial institutions need to be reviewing wages and benefits packages, remembering work-life balance, maximizing the use of technology, and considering nontraditional financial services candidates.
Banking as a Service (BaaS) activity has been steadily climbing, but the pandemic put it into high gear.
The FDIC’s technology lab, FDITECH, recently announced its launch of a tech sprint to provide the right tools for community financial institutions to engage with the unbanked.
Does your institution use an interactive voice response system?