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The average consumer has 5.3 bank accounts. Now that the Consumer Financial Protection Bureau has issued a final rule on data sharing, the age of open For daily news and analysis subscribe to the https://lnkd.in/grcK6QEX newsletter. #Payments #Finance #Fintech

BNY Releases The Voice of Community Banks Survey Read more: https://lnkd.in/dGcN5HnV #BNY #CommunityBanks #BankingSurvey #FinancialServices #BankingInsights #CommunityFinance #IndustryReport #TechInFinance #finance #fintech #FinancialIT

Three De Novo Banks in the Southeastern U.S. Grow With Jack Henry Read more: https://lnkd.in/dJn_AXmg #DeNovoBanks #JackHenry #BankingGrowth #SoutheasternUS #finance #fintech #FinancialIT

Shadow Banking System: Definition, Examples, and How It Works "The shadow banking system consists of lenders, brokers, and other credit intermediaries who fall outside the realm of traditional regulated banking. It is generally unregulated and not subject to the same kinds of risk, liquidity, and capital restrictions as traditional banks are. The shadow banking system played a major role in the expansion of housing credit in the run-up to the 2008 financial crisis. Even so, shadow banking has grown in size and largely escaped government oversight since then, posing potential risks to the global financial system. #ShadowBanking #FinancialRisks #RegulationMatters #AlternativeLending #SystemicRisk #EconomicInnovation #CreditMarket #GlobalFinance #FinancialStability https://lnkd.in/e33pxcJ

In a sea of generically named "First Banks of X" and "Community Banks of Y," financial institutions must decide if the painstaking rebranding process is worth the investment and risk to stand out. https://buff.ly/46UeV63 #FinTech #FinServ #Banking

Our latest blog post explores how credit unions and community banks can leverage their unique cultures to drive membership growth and increase deposits. Discover how doubling down on your mission can help your financial institution thrive ⤵ #mission #culture #finance #depsoits #members

Diving Deep into Fractional Reserve Banking: How Banks Multiply Your Money ▸ https://bit.ly/49v3O36 #StimulateEconomicActivity #MeetWithdrawalDemands #BorrowerReceivesFunds #CoverOperatingExpenses #StimulateEconomicGrowth #ReplyCancelReply #Marked*Save #BankingIndustryContinues #MakingInformedDecisions #FractionalReserveBanking

Here’s How Some Banks and Credit Unions Are Growing Deposits https://lnkd.in/dG8u5Fgi While there is no question that deposit growth is slowing for the industry, some institutions have managed to string together four quarters of consecutive growth. Deposit retention and growth is strategic priority #1 in the banking industry today. But although financial institutions need a long-term strategy for a near-term challenge, playing the “rate game” is a race to the bottom. #creditunions #digitalbanking

#Banks, it’s time to rethink incentives! Moving from short-term sales goals to relationship-focused rewards can build stronger client connections and a more resilient banking model. The right incentive program empowers bankers with the tools to truly understand and serve their clients, creating value for all stakeholders. Read Mac Thompson's latest article to learn more!

Mac Thompson brings fresh insight into how banks can modernize incentives! Traditional volume-based rewards are out — relationship-centered rewards are in. With incentive programs that provide bankers with real-time data and insights, #banks can strengthen client relationships and drive sustainable growth. Be sure to check it out in The Banking BUSINESS News Network, LLC!