Fifth-Gen Wisdom: Community Bank FinTech Partnerships
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2023 has been a big year for the advancement of AI across all industries. But how have these changes helped community banks scale and improve their lending portfolios? And how has taking that leap to partner with FinTechs been transformative? Bob Fisher, president and CEO of Tioga Bank, is a fifth generation community banker who believes incorporating partnerships to drive innovation is the best path forward for small banks. He joins Jeff to get into the specifics on what has worked (and what hasn’t) and why collaboration with FinTechs might not exactly be a risk, but a necessity. They discuss:The burgeoning landscape of community banking and strategic partnerships with fintechsInsights into decision-making, risk mitigation, and the challenges of navigating failed collaborationsThe intersection of financial innovation, AI, and community connection- taking on the role of charitable foundations in the industry
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