LendKey Technologies, Inc.’s Post

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

Despite last year's economic volatility, the fight for deposits and consumer anxiety, financial institutions have an opportunity to emerge as indispensable partners. In this Bank Director article, TruStage's Baron Conway, VP of Client Success, shares how banks and credit unions can regain lost market share and turn into long-term partners.

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

I'm challenging #banks and #creditunions to look inward in 2024. This requires an understanding of who they are and the importance of primary relationships. Both of these points can help financial institutions overcome challenges and become more intentional and relational. Be sure to read my article in the Fintech Herald to learn more.

Including the drop in the first quarter of 2023, bank deposit levels declined for four straight quarters. With fewer deposits available, many financial institutions are considering options for attracting new customers. Today FinTech can help financial institutions that need deposits to supplement their long-term liquidity needs. #deposits #banks #creditunions

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

Diving Deep into Fractional Reserve Banking: How Banks Multiply Your Money ▸ https://bit.ly/49v3O36 #StimulateEconomicActivity #MeetWithdrawalDemands #BorrowerReceivesFunds #CoverOperatingExpenses #StimulateEconomicGrowth #ReplyCancelReply #Marked*Save #BankingIndustryContinues #MakingInformedDecisions #FractionalReserveBanking

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!

Very excited to share FINTRX's latest piece, "Notable Reps on the Move: The Aftermath of the First Republic Bank Collapse," which offers an in-depth look at the significant industry changes and the key rep movements that followed... #CareerMovements #IndustryTrends #FirstRepublic #MarketInsights #FINTRX

The banking crisis is not over Here's a look at the smartest insight and analysis, from all perspectives, rounded up from around the web: #banking #bankruptcy #bankingcrisis https://flip.it/OHjA-E #banking