COMMUNITY BANK INNOVATION MAGNET
IT'S TIME TO ACT

TBA is ready to help your community bank succeed
and grow through collaborative innovation

By Rich Perez, TBA Vice President of Innovation

TBA has taken huge strides in formalizing the Community Bank Innovation Magnet program and is excited to share new developments into solutions for your banks. Community Banks need to provide innovative offerings and best-in-class customer experience to their customers, but they often don’t have the resources, expertise or budget to do so.

TBA created the Magnet program in 2021 with the vision of providing guidance, at-scale price negotiation and managed program offerings to help our bankers catch up to the quickly changing landscape fintech’s have created and provide the suite of products their customers are seeking under a single brand — your bank.

Working closely with each of you in the coming months through multiple surveys, as well as a tight connection to what the industry at large is telling us, we are kicking off a monthly series of webinars catering to your specific needs of our members. We will also be adding other value-added solutions such as knowledge repositories that you can search and peruse at your leisure.


“... we firmly believe we
have power in numbers
with TBA’s membership.”

Community Bank Innovation Magnet logo

Consultation and knowledge transfer

You’ll hear this over and over from us, but we firmly believe we have power in numbers with TBA’s membership. We work hard to listen and understand your challenges, successes and needs rooted in technology. Combining all this quantitative data to construct a roadmap and strategic vendor relationships to provide top-tier solutions for your customers and employees. Let us help you define or refine your digital strategy to ensure the choices you make for your bank are as well informed as they can be with feedback from hundreds of clients and peer vendors. 

Supplemental Staffing

Another challenge we are hearing loud and clear is hiring new temporary talent with experience in banking. CGI has provided flat hourly rates for many vital roles to help your bank with a project or through a temporary need for additional staffing. 

Robotic process automation (RPA)

Our first of a new monthly webinar series will be on what I’ve consistently heard is the hottest topic for most of you — RPA. Many of you are either already engaged or considering some level of investment in automation to streamline your currently manual processes. TBA has teamed up with CGI to provide fully managed solutions that allow your bank to reap the benefits of RPA without adding full-time resources to manage. Additionally, CGI has negotiated rates with market leading UiPath to provide the best possible solution at prices otherwise unattainable for our members individually. For more information and associated timing for availability, email us at [email protected].

Loan origination automation

Through many one-on-one discussions, a close second to RPA has been loan automation. We are currently working through vetting multiple providers of white label solutions through our partners to bring another win via shared costing and economies of scale to attain improved Return on investment (ROI) for each of your institutions. The savings we can provide you through automating origination steps such as the application, verification of bank accounts, application processing and the email communication that keeps the prospect up to date along the way are real. We’d love to hear from more of you regarding your interest, research and use cases to better cater this solution for you all.

Data and analytics

This is a broad topic, but one that is a pain point for so many of you in various stages of your digital strategy definition or execution. Most of you have a tremendous volume of data, but perhaps it’s still onsite and unstructured — various database tables for disparate back-office systems. We can help you plan a move to the secure cloud that enables access to much more technology advancements. Additionally, legacy core solutions further complicate your general accessibility to data needed to create actionable insights through analytics. Let us help you craft and execute a digital strategy that fits your bank’s needs for improved sustainability, as well as structured growth. 

What’s next?

This is just a small sampling of what we’re up to with the TBA Innovation Magnet. We hope this update provides specific use cases where TBA will help your bank innovate in the most cost-effective ways. Keep an eye out for an email introducing the monthly Innovation Webinar Series. We look forward to your continued interest, participation and feedback.

Let us help you succeed and grow through collaborative innovation. For additional information, email us at [email protected] or visit texasbankers.com/magnet

Potential Automation Use Cases in Banking

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