When assessing new technology, community bankers should ask themselves what requires the most human interaction but is tedious or repetitive work, according to the latest Independent Banker magazine.
Details: After identifying pain points, community bankers can find a technology solution to solve each problem. Examples from the article include:
Workflow automation for better lending processes.
Consumer-permissioned data for a more complete financial picture.
Machine learning that fights check fraud.
Mobile banking features that meet demand.
More: The November issue of Independent Banker also features articles on attracting Gen Z customers, Federal Home Loan Bank regulations, recruiting, and AI.
Access: The magazine is available on the Independent Banker website and via the digital edition.
Digital Subscription: Community bankers also can subscribe to Independent Banker’s newsletter to receive the magazine via email.