Adapting CRA Strategy to the Evolving Bank Branch

The Community Reinvestment Act (CRA) was passed in 1977 to encourage financial institutions to better meet the needs of their communities. Today, with the tech innovations, the banking landscape has shifted and has redefined service and community. It’s crucial to be adapt to meet the future.

Use your CRA strategy to drive large scale change by:

  • Recognizing how powerful the CRA can be
  • Being agile with the impact of technology advancements
  • Analyzing the future of FI branches and the future of CRA

Through this marriage of technology, community, and education, the mission of CRA will soon be realized beyond the wildest dreams of the legislators who first drafted it almost forty years ago.

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How to Use CRA as a Growth Strategy

The gaps in financial knowledge is most prevalent among low-income communities. Almost 40 years ago, the Community Reinvestment Act (CRA) was implemented to address the issue of underbanked communities by encouraging banks to better serve these populations. While the banking industry embraces CRA as a means of serving their communities, many don’t realize the full range of opportunities it presents.

Some of the opportunities large-scale financial education can bring include:

  • Developing a powerful new customer base
  • Building positive relationships with regulators and investors
  • Positioning your bank from a marketing and public relations perspective
  • Improving lives and communities of individuals often overlooked by financial institutions

It’s time to examine the reasons why banks should take a fresh view of CRA and look at how online financial educations programs can help you do so. Stay ahead of the curve with this resource.

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Navigating a Modern Financial Close for Energy and Utility Companies

The term “financial close process” implies that closing the books has a defined beginning, middle and end. It doesn’t. In the current business environment, it is imperative that companies gain faster access to the financial and non-financial information that is at the heart of decision-making. Download this white paper to learn how Oracle NetSuite can help your company deliver a modern financial close—the continuous close.

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Empowering Financial Services Firms for Excellence amid Change

The financial services industry today looks very different from its former self. Tasks and transactions that once involved human interaction and paper money have moved into the digital world, and new business models are disrupting the traditionally staid industry. Download this eBook to learn how Oracle NetSuite can help financial services companies thrive in today’s rapidly changing business environment by improving visibility and compliance while controlling costs and satisfying customers.

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