By Kevin Tweddle
Navigating the rapidly evolving financial technology marketplace can seem challenging, whether you’re a small community bank or a large one. But regardless of your size, ICBA has resources to help your community bank develop a strategy for incorporating fintech into your business plan.
Earlier this year, ICBA released its Financial Technology Strategy Roadmap, written in collaboration with Hunton Andrews Kurth LLP. The roadmap offers a look at how community banks can successfully create, collaborate with or invest in innovative solutions while providing necessary considerations to ensure these strategic decisions fit within regulatory risk parameters. It’s also the first community bank resource that takes a deep dive into the legal and compliance elements associated with fintech partnerships. If you haven’t seen it yet, I encourage you to check it out.
We’re also excited to be a sponsor of the upcoming Fi FinTech conference by FedFis. The one-of-a-kind event will feature industry experts who have answered the call and joined together to help community bankers with today’s problems. Paid for by FedFis, it is free for community bankers—you’ll just need to cover your travel costs. The event is scheduled for Oct. 10-12 in Fredericksburg, Texas.
The roundtable-style event will provide a casual learning forum by bringing elite industry experts, regulators, and innovative bankers into one room and focusing on the issues that community bankers struggle with every day. I think it’s going to be a great event and am really looking forward to it.
The premise of Fi FinTech is right in line with ICBA’s mission of creating and promoting an environment in which community banks flourish. To learn more, visit the Fi FinTech website and follow along on Twitter using the #fifintech hashtag.
I look forward to meeting with community bankers deep in the heart of Texas. Registration launched on Monday, so I encourage you to check it out and register. It’s a great, cost-effective and exciting way to check out what’s happening in financial technology. See you in Texas!
Kevin Tweddle is ICBA group executive vice president of innovation and financial technology.