Fintech: The new frontier
Fintech may seem like a new frontier, but in reality technology has been blending with banking since the late 1800s, when the advent of the telegraph enabled the quick transfer of financial information across distances. While technology and banking have come a long way since then, what remains the same is that prudent bankers continue to weigh the potential risks, challenges and opportunities of each new offering.
In February, the IBA surveyed 22 Indiana bank leaders on their thoughts, experiences and concerns with fintechs. This story delves into those results and the overall state of fintech.
Post-LIBOR landscape: A new era in business loans
As of 2022, no new financial contracts can be issued using the LIBOR interest rate benchmark. That means borrowers can choose from several alternative benchmarks for loans and debt securities, which could lower your cost of capital.
National perspective
Our partners at the ICBA and ABA discuss the story we tell as community bankers and cryptocurrencies presenting new territory for banking.
SPOTLIGHT ARTICLE
Grassroots Advocacy: FLD Day at the Statehouse
More than 50 bankers from nearly 25 IBA-member banks came to the Statehouse for FLD Day at the Statehouse, the IBA’s event specifically designed to empower the next generation of bankers to advocate for the industry. | Read more.
Input costs increase for farmers
The Economic Research Service of the U.S. Department of Agriculture has estimated that farmers in the United States paid 9.4% more for total farm expenses in 2021 compared to what they paid the year before. So even with increased commodity prices, farmers are still concerned with the profits they will receive for their crops in 2022.
Digging deeper
Other articles from this issue include:
- Who is liable for a fraudulent check endorsement?
- New pregnancy workplace accommodations and discrimination protections.
- A summary of the 2022 legislative session;
- The ABCs of CDIAC: The Community Depository Institutions Advisory Council
- Your 2021 IBA Member Benefits Report.
Columns
Features
CLOSING NOTE
Board Review: J. Daniel Maddox
Dan is a north region director on the IBA’s Board of Directors. He serves as chairman & CEO of Citizens State Bank, New Castle. | Meet Dan.
Read the entire May/June 2022 issue of Hoosier Banker magazine by clicking below!
