Blog
Thoughts on Banking, Leadership and Life
Opening Debit Cards for the Next Generation. When is the Right Time?
Many of us bankers have kids and we know that financial education is important for the next generation. Of all people, we should understand the important decisions we face when it comes to introducing our children to plastic payments. It’s a pivotal moment for us and...
The Temptation for Banks to Become Lazy When it Comes to AI and Fraud
While artificial intelligence (AI) has revolutionized the way banks detect and prevent fraudulent activities, human intuition plays a vital role in understanding the nuances, context, and behavioral patterns that AI algorithms might miss. Basically, banks should not...
Banking and AI – Don’t Get Left Behind
Artificial Intelligence (AI) is here. The future is now. Like anything in business, if you don’t adapt, you will get left behind. AI is revolutionizing the banking industry by enabling financial institutions to improve efficiency, reduce costs, and enhance customer...
Amazon is Lending to Small Businesses
Amazon has recently ventured into the lending world, and I’m throwing a red flag! It’s a program geared toward cash advances to third-party sellers who sell their items on the company’s platform. According to a press release, the New Merchant Cash Advance Program...
Why Should Banks Be Forced To Regulate What Government Can’t?
Banks serve a vital role in our economy. We lend money. Part of the government’s job is to regulate industries in various capacities, which is needed within reason. However, it is preposterous to think that our federal government will use banks as puppets to be the...
Why the modern connotation of “community banks” annoys me
When you hear the term community bank, what comes to mind? For most people, the image is of a small bank in a small town that does small business. And while that was true for some time, the evolution of banking has broadened the scope of services offered by community...
How Small Banks Are Supporting The Cannabis Industry
For decades, the United States has been contending with its relationship with drugs of all kinds. One of the more controversial topics of late has been the burgeoning cannabis industry. Beginning in the 1990s, some states began to introduce laws legalizing cannabis...
What Do You Know About NFTs?
If you're new to the concept, Non-fungible Tokens (commonly known as NFTs) sound more like a mushroom dish than an investment opportunity. However, they are all the rage these days. An NFT is a digital asset like music, video, digital art, or even video clips from...
The Evolution of Popular Opinion Regarding Cryptocurrency
If it seems like everyone around you is trading bitcoin, you can attribute that to its consistently rising popularity. But, you should not take this new surge of participants to mean that cryptocurrency is new on the scene. The first cryptocurrency, eCash, was...
How Surety Bank is Carving Out a Space in the Anti-fraud Market
I think a lot about legacy, and if there's a single legacy that I can leave for Surety Bank and the industry, I hope there is power in thinking outside the box. For many good reasons, the banking industry is known for being straight-laced, sometimes to the point of...