Keith Silvestri

Imagine the new products and services you could introduce, and the new revenue streams you'd control, if your banking institution could become the most secure storage location for all forms of your customer/member wealth. Well, a truly innovative financial cooperative has just proven they/you can do just that, and remain competitive and relevant as a result! I'm most impressed and pleased by the work the St. Cloud Financial Credit Union and DaLand LLC teams have completed together leading up to this launch; and thrilled to see a local financial institution making history - becoming a safe, trustworthy, local, and sustainable storehouse for new forms of member/community wealth! History being made; bridges being built between 'TradFi' and 'DeFi,' sovereign and local control of money (of all forms) being protected and preserved, waves being stirred for others to surf!! Exciting to see viable and more secure alternatives for digital asset storage, to witness noble financial services leaders leveraging their investments into modern core processors and immense money processing infrastructure so users can accrue wealth of new forms and don't have to assume the risk of relationships with big, online, impersonal exchanges (neo-banks), wallet app providers, or risk fumbling a fortune on a thumb drive or hardware wallet. https://lnkd.in/ekazN2eK #bitcoin #btc #eth #usdc #banking #money #localeconomy #localbanks #communitybanks #dollar #digitalassets #wallets #creditunions Bitcoin Magazine

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FedNow Service volume and value: Last quarter, more than 336,000 transactions were settled on the FedNow Service, with consumers and businesses sending an average of $190 million through the service per day. The dollar values and volume of transactions are expected to accelerate over time as more depository institutions join the network and implement new instant payment capabilities for their consumer, business and government customers. #FedNow #InstantPayments #RTP #Interoperability #Ubiquity #ACH #SWIFT #APIs #SameDayACH #FedACH #NACHA #ACHNetwork #CHIPS #Payments #RealTimePayments #Zelle #ChinnapaReddy #Banking #Innovation #Fintech #BillPay #B2B #FasterPayments #B2BPayments #SWIFTGPI #NEFT #RTGS #FedWire #LYNX #CHAPS #UPI #NPCI #PIX #RTR #FPS #NPP

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Plan (and act) accordingly, local #bankers and #creditunion leaders. The wealth and health of your community likely depends upon your preparation and willingness to expand your horizons and broaden your understanding of money networks and monetary policy. If you haven't started making technology, product, and operational plans for these eventualities, the team at DaLand LLC can jump-start your path to sustained relevance and help your #financial #institution remain plugged into the future of money:

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I don't make the posts, I just report upon them ... oh, and I work with an awesome team at DaLand LLC to build solutions to position #localbank and #creditunion leaders to be prepared to offer actual savings products to members and customers reading such posts: #bitcoin #banking #savings #inflation #currency #money #btc #dollar

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Get plugged into the future of #money, so this doesn't become your local #bank or #creditunion HQ. The team at DaLand LLC doesn't do sign work; but we can help ensure you're in a position to sign up members / consumers and business interested in streaming money and modern payments! #bitcoin #ethereum #USDC #banking

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The RTP® network, the largest instant payments system in the United States operated by The Clearing House, now averages over 1 million payments per day. The RTP network also set single day records of 1.46 million transactions valued at $1.24 billion on November 1. In October, the RTP network experienced a record 31.7 million transactions valued at $25.4 billion, up 6.2% and 9% respectively, from September, as financial institution customers continued to enjoy the ease and speed provided by instant payments on the network. Payments activity on the RTP network shows that consumers and businesses are utilizing and benefiting from the system’s 24/7 capability, with a notable 42% of transactions happening overnight, on weekends, or on holidays. The utilization of the RTP network outside of normal banking hours (Monday through Friday, 8am-6pm ET) shows that it is providing real-world payments solutions that give users the flexibility to move money or pay bills when they want, and to meet the needs of the modern, 24/7 economy. #RTP #ACH #SameDayACH #FedACH #NACHA #ACHNetwork #CHIPS #FedNow #Payments #InstantPayments #RealTimePayments #Zelle #ChinnapaReddy #Banking #Innovation #Fintech #BillPay #B2B #FasterPayments #B2BPayments #SWIFT #NEFT #RTGS #FedWire #LYNX #CHAPS #UPI #NPCI

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"[Now is when] credit union executives must take the initiative. The time has come to acknowledge these emerging financial realities and prepare your institutions for the future. This means not only being ready to safely hold digital assets on deposit but also building out lending and payments operations that support consumer loans, mortgages, and digital wallets. In doing so, credit unions can protect their members against the real and present dangers of inflation and federal budget deficits, ensuring that they remain relevant and resilient in this new financial era. By leading the way in the adoption of digital assets, credit unions can influence the development of regulatory frameworks that are both supportive of innovation and protective of consumer interests." https://lnkd.in/etHyhQcw #money #dollar #economy #banking #creditunion #local #financial #bitcoin #btc #digitalasset #strategy #innovation

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Is your #banking or #creditunion marketing department aware of what people are reading on #X? If "savings account" rates don't outpace inflation numbers, are they savings accounts; or, are they storage accounts to allow patrons to participate in programmatic impoverishment? Does continuing to call them "savings accounts" foster #financialliteracy; or would teaching them about new money tech be more in line with the #financialcooperative mission? The team at DaLand LLC can help formulate strategies for storing, processing, and preserving money in all forms, including #Bitcoin, to keep your #localbanking institution plugged into the future of #money.

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If you're heading to Charlotte for the Banking Transformation Summit tomorrow, you'll want to connect with FusionIQ EVP of Business Development Sean Ristau who will be leading our team at this leading bank tech event. Find out more about our award-winning wealth management solutions for banks and how we're providing an easy on-ramp to digital transformation: https://lnkd.in/gx8yG2Fu #banktech #wealthmanagement #fintech #digitalleadership #wealthtech

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Financial institutions are struggling to meet Gen Z where it is, with products, experiences, and messaging that resonate with the younger set. That can change if FIs can think more creatively around data, personalization, inter-generational marketing, and other acquisition strategies. Mahesh Raghavan, Associate Managing Director of Strategy at Publicis Sapient, shared some strategies for financial firms, at the Tearsheet Gen Z Symposium held recently in NYC, aiming to develop services and products that resonate effectively with the Zoomer demographic. Raghavan highlighted five key strategies that fewer fintech companies like Greenlight are effectively using to engage with the Gen Z demographic, which traditional firms are not fully leveraging. Listen to the full discussion: https://lnkd.in/dcg8stE5 #genz #financialservices #untappedstrategies

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Is your #bank or #creditunion prepared for the reality that this is the sort of stuff your communities and members are seeing on X? The team at DaLand LLC can help you this planning and budgeting season, with strategies and solutions to ensure you can continue delivering products and services in the era of streaming money - remaining relevant to the core! #banking #money #bitcoin #savings #inflation #dollar #economy #btc

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A leading U.S. bank achieved a whopping 70% reduction in processing time and significant cost savings. How did they do it? If you are still overwhelmed by the cost of modernising your IT infrastructure, you are not alone. I understand the struggle. Now you can achieve the same results as the bank I mentioned, modernising workplace applications. The mainframe hybrid cloud strategy offers the optimal solution. Integrate your mainframe systems with cloud technology to maximize your existing investments. Don't let expenses hold you back from embracing innovation. #ITModernization #Technology #DigitalTransformation #Optimization

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Midland Bank launches automated #ATM & #POS #Reconciliation System in collaboration with Flora Systems & #Thinkprise Solutions Simply Settle. Intelligent Reconciliation Solution Managing ATM cutoff and replenishment timing issues Tracking and handling on/off us, issuer and acquirer transactions Handle disputes and failed transactions Improve the quality of ATM e-journals and transaction data manage the manual process for reviewing transaction breaks and general ledger entries create card settlement/payment file generation Lack of systems to monitor and report the availability of EJ for all ATMs #infoabed #ATM #POS #internetbanking

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Hear from PNC leaders on how key market and economic themes may impact the remainder of 2024, and beyond. https://pnc.co/4eRJT27

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This budgeting and strat planning season, it's important to know what your future consumers are learning about #money, if you want to keep offering them #financial #products ... staying plugged into the future of money - even/especially for #banks and #creditunions - requires educational, technical, and operational action TODAY. The team at DaLand LLC is standing by to help bridge #TradFi to #DeFi; so your future business can keep offering savings accounts to savvy 'kids!' https://lnkd.in/edpyf9fT #dollar #inflation #bitcoin #btc #savings #economy

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Small business sales are up for the year and down for the month. Lower average ticket sizes and decreased foot traffic in some areas resulted in slower spending at small businesses in June. Explore the latest results from the Fiserv Small Business Index.

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