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HomeBankFueling progress by way of innovation – Unbiased Banker

Fueling progress by way of innovation – Unbiased Banker

Picture by Antonio Solano/iStock

By Charles Potts, ICBA

Demand for digital options continues to speed up, making innovation an crucial for group banks seeking to excel in at the moment’s evolving market.

That’s why ICBA makes innovation a precedence and supplies group banks with the knowledge and instruments essential to develop and achieve at the moment’s aggressive panorama. Greater than new options, tradition change and mindset shifts, innovation is a journey that requires iterative steps towards sustainable progress.

Enterprise thought chief Gary Hamel obtained it proper when he mentioned, “Innovation is the gas for progress.” Greg Ohlendorf, president and CEO at $200 million-asset First Group Financial institution and Belief in Beecher, In poor health., understands this effectively. As a three-time participant in ICBA’s ThinkTECH Accelerator program, Ohlendorf has had a entrance row seat to group financial institution innovation by way of collaborative fintech partnerships. Actually, First Group Financial institution and Belief has partnered with eight of our ThinkTECH Accelerator program’s alumni with spectacular outcomes.

Take its partnership with Surfly, which makes use of expertise to personalize and innovate digital interactions in real-time minimize name instances from 30 to 60 minutes down to 5 minutes per name.

Rockland Belief Firm, with $20 billion in property and branches in Massachusetts and Rhode Island, additionally partnered with one of many corporations that got here by way of our Accelerator program: Agent IQ. Agent IQ presents a platform designed to combine with a financial institution’s digital banking platform to deepen buyer relationships by way of elevated engagement. Rockland Belief had greater than 57,000 logins and 500 to 600 conversations at its comfortable launch, managed seamlessly by way of Agent IQ’s platform.

It’s tales like these that maintain ICBA and its members pushing their limits, and why we proceed to foster group financial institution fintech collaborations by way of our ThinkTECH Accelerator program.

Annually, we ask group bankers in regards to the challenges they’re dealing with, and their responses inform and drive the choice standards and course of for our ThinkTECH Accelerator program and individuals. This 12 months, our group financial institution members expressed curiosity in rising their income and profitability, buyer base and markets, and their companies throughout the board. And we responded with an distinctive group of companions by way of our Accelerator program and a collaborative group keen to share their experiences, data and experience for the advantage of the general business.

Bringing innovation to you

One other step ICBA is taking to assist group bankers meet their progress targets by way of innovation is partaking extra bankers the place they’re. We’re taking points of our applications to state associations, rising our instructional outreach program to incorporate new webinars and podcasts and dealing to boost consciousness by way of new initiatives in growth.

The calls for on group banks on this evolving financial setting to develop, appeal to and retain high quality enterprise will solely get more difficult. We’ve developed an ecosystem to foster progress by way of progressive partnerships and group involvement. Innovation is going down throughout us at a tempo in contrast to something now we have ever skilled. It’s time to get on board.

Charles Potts ( is ICBA government vice chairman and chief innovation officer



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