1stCommunityBankOutline.docx - 1st Community Bank Outline...

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1 st Community Bank Outline first community bank batesville ar Benefits of Technology in Banking Today 1. Changes in Technology a. Computer systems they have i. FIS 1. processes checks, loan payments, etc every day 2. Before it was done by hand 3. 5 decades ago there were not even account numbers for checks and stuff and the store asked which bank you were with 4. Did away with float in the system 2. Technology in the Future of Banking a. Less brick and mortar b. Mobile Banking c. Online account opening d. Check depositing via photograph 3. Octane System a. Automatic Approval of loans where human never makes the decision i. controversial issue with bankers ii. Some banks under a certain loan amount never have a person look at the application b. How credit score usage has changed because of automatic approval c. This bank does about 5,000 applications per month through this program d. Helps to evaluate credit risk for the bank and recommends banking or not based on certain required standards 4.
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  • Three '17
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  • i., Cheque, community bank batesville, a. Automatic Approval

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