Small community banks may not have the ample resources that Wells Fargo or Bank of America have to develop high-tech, experimental solutions internally. But that doesn’t mean local FIs are at a disadvantage.
At least, Seacoast Bank VP and Digital Project Manager Jeff Lee and CEO Denny Hudson believe so. In fact, the executives recently told PYMNTS that community banks actually have an advantage over the big guys, especially when it comes to small business banking.