Bankrate reports that despite their limited resources community banks can effectively compete with big banks today; community banks have two big advantages over their larger counterparts: they can be more nimble and they are closer to their customers because they are part of the community; they should also consider partnering with fintech companies; the Independent Community Bankers of America created a fintech accelerator called ThinkTech to help facilitate partnerships between community banks and early stage fintech companies. Source.
