This will enable US community banks to challenge their larger rivals , as their personalised approach and need for digital products are well suited to financial tech innovation . Community banks are focusing increasingly on fintech start - up companies to develop useful consumer technology and lower their operational costs . Technology , whilst not replacing the branches of community banks , will improve customer interactions by introducing mobile devices instead of computers . Commercial community banking can be enhanced through technology , helping it to gain a personal edge over larger financial institutions .
Fintech may enable US community banks to challenge their larger rivals, as their personalised approach and need for digital products are well suited to financial tech innovation. Community banks are focusing increasingly on fintech start-up partnerships to develop useful consumer technology and lower their operational costs. Technology, whilst not replacing the branches of community banks, will change customer interactions by introducing mobile devices instead of paper. Commercial community banking can be transformed through technology, helping it to keep a personal edge over larger financial institutions.