Analysis

3 Areas Small Banks Should Prioritize to Succeed Post-Pandemic

3 Areas Small Banks Should Prioritize to Succeed Post-Pandemic

Over the past couple of months, small businesses and individuals alike have turned to smaller financial institutions (FIs) as they experienced major challenges in accessing essential stimulus funds. This article by Kevin Olsen, senior vice president of payments solutions, VSoft Corporation, discusses three ways smaller FIs can not only keep new customers but build a competitive advantage against larger counterparts, including offering faster payments, reduced fees, and modernized mobile banking.