Mac Thompson’s Post

Increased competition, evolving accountholder expectations, and tough economic conditions has forced #banks and #creditunions to make rushed decisions and create haphazard strategies. Read Mac Thompson's latest article in Fintech Herald about the importance of looking inward to solve these challenges. https://lnkd.in/epSQmzNs

In this altered environment for deposits, financial institutions trying to use the old playbook for pricing, structuring accounts, and tracking results find that they are ineffective. Leaving the frontline in the posture of order taker and product pusher for the classic deposit account structures doesn't work today. Using the latest in science and art of deposits gives some financial institutions a durable competitive advantage. #communitybanking #strategicexecution #relationshipbanking

Credit unions, fintechs and non-bank lenders should face the same regulation, guidance and supervisory expectations when involved in the same activities — and doing so is a core concept of financial regulation, according to Federal Reserve Governor Michelle Bowman. #creditunions #bankingindustry #financialservices #fintech #mortgagelending #managementconsulting #money #future

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

An interesting piece on how and why the funding landscape has changed since the days when you'd probably approach your own Bank and, perhaps, one other to get your finance in place. Whilst the recent explosion in choice has led to more competition it has also made finding the right lender and the right type of finance more complicated. Ged Dan Denis Andrew

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

Dive deep into the struggles of New York Community Bancorp as shares plunge, triggering unease in the US regional banking sector. Follow @NYCBFamily for more updates. #bankingindustry #fintech #banking https://lnkd.in/eMTGrhiF

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

Fintech players are shaking up the savings game with high-interest accounts that could outdo your traditional bank! 🏦💰 Ready to see how they stack up? 👀 Let us know what you think below ⬇️

Dated 2020, but still relevant! Here's how we flip the script on the economic #SHTF. Start churning 10% of that $1.6 Trillion+ disposable income into an African American owned banks, especially those that have nationwide online banking! How could I not know about this!