It's back to school season! As everyone gets back into the swing of things, now’s a great time for banks to focus on their hiring strategy for interns and new grads. Consider attending college career fairs to connect early with the next generation of talent and showcase what your bank has to offer. These bright minds represent the future of the financial industry, bringing fresh perspectives and innovative ideas that will shape tomorrow’s landscape. By actively recruiting and nurturing this talent, you're not just filling roles—you're investing in the future leaders who will drive our industry forward.
MARKET INTELLIGENCE
If I Were a Bank CEO... Vol. 8
Attracting Next Generation Talent
In the next edition of Carey's series, he emphasizes the importance of community banks attracting and retaining younger, digitally savvy talent. By embracing purpose-driven work and a modern technological structure, banks can position themselves as forward-thinking institutions that appeal to the next generation of banking professionals.
Much of online data collection, especially for borrowers, is still paper-based, manual and expensive.SOLO is transforming the way customer data is collected and activated for banks and lenders, reducing friction and processing costs while offering real-time, comprehensive customer insights to uncover new opportunities.
👉 Read about how SOLO's new credit bureau concept helps lenders ditch third-party data
To learn more about SOLO, reach out to Pam on our Activation Team!
ECOSYSTEM
BankTech Buzz
Check out the dynamic members of our ecosystem driving positive change.
💪 In the latest episode of the Operate Pod, Carey sat down with Jason Mikula to get an insider look into the financial technology landscape. They dive into BaaS, current regulatory challenges and the future of partner banking.
📄 Fintel Connect introduced their first Financial Industry Affiliate Marketing Report. They surveyed 110 top affiliates and publishers in financial services to report on insights and trends that will shape the space in the upcoming year.
🎙️ EquabliCEO Cody Owens recently joined an episode of Mighty Finsights; he discussed Equabli's platform that helps banks and fintech lenders effectively manage collections and recover delinquent loans, as well as their goals, challenges and his key advice for those looking to enter the fintech space.
💼 Community banks can achieve significant efficiency and intelligence gains by leveraging machine learning and AI in spaces like fraud, personalized financial advice, credit risk assessment and regulatory compliance. Dive deeper into these use cases.
NEWS
Headline Highlights
The top three headlines this month in fintech and banking.
💲 With inflation under control and the job market cooling, Federal Reserve Chair Jerome Powell indicated that the Fed is poised to start cutting its key interest rate from a 23-year high. While Powell did not specify the timing or extent of these cuts, a modest quarter-point reduction is expected when the Fed meets in mid-September, with further adjustments depending on incoming data and economic conditions.
🍵 Klarna is expanding its services by introducing savings accounts in the U.S. and Europe, allowing users to manage funds and receive refunds through its app while still utilizing its buy now, pay later (BNPL) features. This move aims to compete with major U.S. banks and disrupt traditional banking, despite facing regulatory scrutiny and competition from other BNPL providers. Klarna's accounts, which won't have FDIC insurance, are expected to focus on cashback and refunds rather than holding large balances.
🏢 Money laundering, which constitutes 3-5% of global GDP annually, involves three stages: placement, layering, and integration, requiring robust AML systems to detect and prevent illicit activities. Traditional AML systems often struggle with inefficiencies and high false positive rates, but the integration of AI, including machine learning and deep learning, offers significant improvements in accuracy and efficiency by analyzing complex patterns and unstructured data.
EVENTS
Upcoming Conferences
See where we're going! ✈️
Finovate Fall- September 9-11th in New York, NY Catch Katie and Pam on their respective panels and connect with the rest of the BankTech team.
Jack Henry Connect - October 7-10th in Phoenix, AZ Join us at our happy hour on the 8th! Register here or reach out to Kaitlyn to set up a meeting.
This summer, we launched our new job aggregator on our website. If you're interested in exploring jobs within our ecosystem, including positions at tech companies and banks, check it out! Visit to see which BankTech portfolio companies are hiring or join the community for potential opportunities. Explore now and find your next career move!
Don't see anything that piques your interest? Join the talentnetwork to get discovered by employers and to stay in the loop with the latest opportunities tailored just for you!
Enjoying FOMO by BankTech? Have a funny "overheard at a community bank" story? Let us know! We'd love to hear from you.
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