Independent Banker - February 2022 - 21

shifted to how community
banks and fintechs can form
partnerships.
Banks' changing view of fintech relationships
" Fintechs help us address
shortcomings that we don't
have the resources to address
internally, " Gallman says.
Charles Potts, ICBA executive
vice president and chief innovation
officer, agrees. Over the past few
years, he notes, community banks
have become increasingly aware
that fintechs have the capabilities
" to solve real problems "
that have long confounded
community banks. What's more,
for community banks keen to
differentiate themselves, fintech
partnerships provide promising
ways to stand out.
The benefits of fintechs
A recent report by Cornerstone
Advisors found that bankers are
either strongly interested in or
already working with fintechs
in three main areas: digital
account opening (71%), mobile
wallets (41%) and fraud/risk
management (47%).
Here's how fintech
collaborations can be beneficial in
these three areas:
1. Digital account opening.
The pandemic forced community
banks to develop digital account
opening-fast. " As one banker
told me, a five-year business plan
got compressed into 18 months, "
Potts says. " You start with this
goal of, 'I'm going to take some
baby steps and move through this
thoughtfully,' and all of a sudden
someone turns on the shower and
you've got to move quickly. "
The addition of digital banking
means that customers have begun
to perceive their banks very
differently. " You have to think of
They are...
Very
important
Somewhat
important
Not very
important
Not at all
important
2019
21%
28%
42%
36%
15%
26%
9%
28%
6%
Source: Cornerstone Advisors, " What's Going on in Banking 2021: Rebounding from the Pandemic, " 2021
42%
2020
23%
2021
24%
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Independent Banker - February 2022

Table of Contents for the Digital Edition of Independent Banker - February 2022

Table of Contents
Independent Banker - February 2022 - Intro
Independent Banker - February 2022 - Cover1
Independent Banker - February 2022 - Cover2
Independent Banker - February 2022 - Table of Contents
Independent Banker - February 2022 - 2
Independent Banker - February 2022 - 3
Independent Banker - February 2022 - 4
Independent Banker - February 2022 - 5
Independent Banker - February 2022 - 6
Independent Banker - February 2022 - 7
Independent Banker - February 2022 - 8
Independent Banker - February 2022 - 9
Independent Banker - February 2022 - 10
Independent Banker - February 2022 - 11
Independent Banker - February 2022 - 12
Independent Banker - February 2022 - 13
Independent Banker - February 2022 - 14
Independent Banker - February 2022 - 15
Independent Banker - February 2022 - 16
Independent Banker - February 2022 - 17
Independent Banker - February 2022 - 18
Independent Banker - February 2022 - 19
Independent Banker - February 2022 - 20
Independent Banker - February 2022 - 21
Independent Banker - February 2022 - 22
Independent Banker - February 2022 - 23
Independent Banker - February 2022 - 24
Independent Banker - February 2022 - 25
Independent Banker - February 2022 - 26
Independent Banker - February 2022 - 27
Independent Banker - February 2022 - 28
Independent Banker - February 2022 - 29
Independent Banker - February 2022 - 30
Independent Banker - February 2022 - 31
Independent Banker - February 2022 - 32
Independent Banker - February 2022 - 33
Independent Banker - February 2022 - 34
Independent Banker - February 2022 - 35
Independent Banker - February 2022 - 36
Independent Banker - February 2022 - 37
Independent Banker - February 2022 - 38
Independent Banker - February 2022 - 39
Independent Banker - February 2022 - 40
Independent Banker - February 2022 - 41
Independent Banker - February 2022 - 42
Independent Banker - February 2022 - 43
Independent Banker - February 2022 - 44
Independent Banker - February 2022 - 45
Independent Banker - February 2022 - 46
Independent Banker - February 2022 - 47
Independent Banker - February 2022 - 48
Independent Banker - February 2022 - 49
Independent Banker - February 2022 - 50
Independent Banker - February 2022 - 51
Independent Banker - February 2022 - 52
Independent Banker - February 2022 - 53
Independent Banker - February 2022 - 54
Independent Banker - February 2022 - 55
Independent Banker - February 2022 - 56
Independent Banker - February 2022 - 57
Independent Banker - February 2022 - 58
Independent Banker - February 2022 - 59
Independent Banker - February 2022 - 60
Independent Banker - February 2022 - 61
Independent Banker - February 2022 - 62
Independent Banker - February 2022 - 63
Independent Banker - February 2022 - 64
Independent Banker - February 2022 - 65
Independent Banker - February 2022 - 66
Independent Banker - February 2022 - 67
Independent Banker - February 2022 - 68
Independent Banker - February 2022 - 69
Independent Banker - February 2022 - 70
Independent Banker - February 2022 - 71
Independent Banker - February 2022 - 72
Independent Banker - February 2022 - 73
Independent Banker - February 2022 - 74
Independent Banker - February 2022 - 75
Independent Banker - February 2022 - 76
Independent Banker - February 2022 - Cover3
Independent Banker - February 2022 - Cover4
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