“How Well Do You Know Your Best Prospects? Enough to Outpace Your Competition?”
Community banks now have access to detailed consumer data that can help them understand who is most likely to need a financial product and how best to reach them, enabling better use of marketing dollars, this article says.
“How Community Banks Can Modernize Their Tech Stack”
Advances in artificial intelligence and heightened cyber risks are pushing more community banks to tie tech investments to strategy. Banks are also conducting more pilots, focusing more on scheduling rollouts, and eliminating redundant technologies.
“SEC Proposes Crypto Rules Amid Clarity Stall”
With the Clarity Act stalled while Congress is in recess, the SEC proposed new rules that would make it easier for crypto companies to raise capital and avoid having some offerings treated as securities under certain conditions.
“What Fraud and Scam Resolution Reveals About Your Institution’s Leadership Alignment”
Fraud resolution is increasingly a cross-functional affair involving risk, compliance, technology, operations, and customer experience. Effective coordination is critical: Nearly 70% of consumers say how banks’ resolve fraud affects their trust more than the fraud itself, according to research cited by Bank Director.
“Remote Work, AI, and Rising Expenses: Two Bank Executives Talk Talent”
Community banks are taking different approaches to hiring and retention as labor costs rise and local talent pools remain tight. Flexible work and automation can help control costs, while AI is increasing demand for new skills and forcing banks to rethink some existing roles.
“Stablecoins Are Here. So Is Volatility.”
While Treasury Secretary Scott Bessent has argued stablecoins and the GENIUS Act could increase demand for shorter-dated Treasuries and keep interest rates low, greater reliance on short-term debt could also increase refinancing risk and make debt-servicing costs more volatile. Meanwhile, yields on longer-dated Treasuries have been rising amid fiscal pressures and geopolitical tensions.
“Lawmakers Counter World Liberty Approval With Anti-Corruption Bill”
Nine Democratic senators and Bernie Sanders, I-VT, introduced legislation that would prohibit federal approval of bank charters, deposit insurance, and master accounts for institutions owned or controlled by senior government officials or their families. The OCC conditionally approved a national trust bank application for World Liberty Financial, 38% of which is owned by the Trump family, earlier this year.
In Other News
Government deficits, corporate borrowing, and geopolitical tensions are driving a global bond rout; the iPhone may not exist were it not for the CIA; and film and television production is increasingly happening outside of Tinseltown.
Thanks for reading.