Curated News
By: NewsRamp Editorial Staff
March 17, 2025
Community Banks Urged to Embrace Technology to Stay Relevant in Financial Services Landscape
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- Community banks must embrace technology to stay competitive in the digital age, preserving their core mission.
- Baker Hill aids community banks with AI-driven lending solutions, process automation, and digital tools to modernize while maintaining personal relationships.
- Community banks empower local economies by lending to small businesses and supporting infrastructure, Baker Hill bridges tradition with innovation to strengthen financial institutions.
- Baker Hill's $1 billion monthly lending activity and innovation campuses across the U.S. showcase the blend of technology and tradition in banking.
Impact - Why it Matters
This news highlights the urgent need for community banks to adapt to digital advancements to remain competitive and continue supporting local economies. By modernizing with the help of companies like Baker Hill, community banks can ensure they stay relevant, improve efficiency, and maintain their crucial role as pillars of economic growth in their communities.
Summary
In a recent episode of Building Texas, Bryan Peckinpaugh, SVP, National Sales Manager at Baker Hill, emphasizes the importance of community banks embracing technology while staying true to their mission of supporting local businesses and economies. Community banks play a critical role in fueling economic growth, but many struggle to keep up with digital banking competition due to outdated systems. Baker Hill, a financial technology leader for over 40 years, offers AI-driven solutions to help banks modernize and focus on customer relationships.
Source Statement
This curated news summary relied on this press release disributed by Newsworthy.ai. Read the source press release here, Community Banks Urged to Embrace Technology to Stay Relevant in Financial Services Landscape
