Although NACM FIs are essential to the North American economy, many of them have fallen behind in adopting new technologies, especially when compared to larger banks. In a survey of 393 community banks, Finastra and East & Partners lift the lid on the strategic blueprint for growth and innovation.
According to our recent survey conducted in collaboration with East & Partners, spanning 393 financial institutions, North American Community banks must invest, and are investing, in technology and automation in order to keep up with the constantly changing financial environment. FIs can streamline their operations, cut expenses, and provide cutting-edge solutions to their corporate clients by working with fintechs, all while upholding their commitment to giving their clients a high-quality experience.