Relationships with business banking customers has become increasingly important over the last few years, especially with several competitors in the market. How is your FI taking your customer into consideration when providing digital solutions? The latest article in Bank Business by President and Co-founder of Bank Labs breaks down how to build a better relationship with business banking customers : https://www.bankbusiness.us/so-you-say-youre-a-relationship-banker/
“Despite their size, industries like #construction are largely underserved by financial institutions, especially when it comes to mobile options for #payments.” See more of what @MattJohnner has to say in @payments_source: https://www.paymentssource.com/opinion/mobile-payment-apps-cant-serve-only-consumers
“One of the great strengths in the U.S. is our true, in-market, relationship-based banking approach,” says @MattJohnner. Read this article from @FinancialBrand to see how #FIs can use that strength to help them compete: https://bit.ly/2MmW76b
Check out the latest issue of Canadian Equipment Finance to see what @MattJohnner has to say about benefitting from the Construction Act: https://bit.ly/2PxiYvT
“Mobile banking must be bank-agnostic in order to be effective,” says @MattJohnner. To see more thoughts on #mobile #banking, check out this @BAI_Info Banking Strategies article: https://bit.ly/2Ea4SOS
Does your #digital deposit strategy need an upgrade? Read this article in @CUBizMagazine to see what #creditunions can be doing to stand out from the crowd: Credit Union Business Magazine
On Oct. 10 the state of Pennsylvania enacted significant changes to its Contractor and Subcontractor Payment Act (CASPA). In short, the amendments provide increased protections for payment on private construction projects, while at the same time impose new and additional notice requirements of which owners, lenders, contractors and subcontractors must all be aware. For the full article visit PaymentsSource
CUs and fintechs represent unique spaces, but they can pair together perfectly to provide the best services.
While fintechs are synonymous with innovation and modernism, credit unions are, and have always been, symbols of stability and tradition. In order for these two powerful payments players to work together, each needs to understand the other and use its strengths to form a valuable partnership.
Click here to go to Credit Union Times to login and read the full article.
MBA Insights recently held a roundtable discussion with several industry executives for their perspectives on the housing market, mortgage technology and the future of real estate finance.
Participants included:
Matt Johner, President and Co-Founder of BankLabs, Little Rock, Ark. He is responsible for corporate strategy, branding and growth plans including the execution of all sales, marketing, business development and customer success activities, with the goal of reimagining banking products of the future through community-oriented technologies that create new fee income, attract deposits, expand loan opportunities and differentiate the financial institution from competitors.
View the full article here.
By Matt Johnner
As Featured in Progress In Lending.
Construction lending is a growing sector of the mortgage industry and one that has traditionally been dominated by big banks. Recently however, these big banks are taking a more conservative approach on construction loans, creating opportunities for smaller, community-focused banks to seize the steady flow of capital.
While big banks are choosing to limit exposure by focusing more on existing customers, other financial institutions can jump in to fill the void. Of course, this means that the competition between small and mid-level banks focused on construction lending is reaching an all-time high.
So, how can a financial institution differentiate itself in such a competitive market? The answer is by offering solutions that automate the entire construction loan process, making life easier for all parties involved.