Find stats on top websites
Industry Landscape
The community banking industry in the US remains vital, focusing on personalized service and local economic development. Despite competition from larger banks and FinTechs, community banks leverage their local ties and relationship-based models to serve individuals and SMBs, particularly in defined geographic areas. Digital transformation is a key focus to meet modern customer expectations while maintaining their community-centric approach.
Total Assets Under Management (AUM)
Total Assets of Commercial Banks in United States
~Approximately $23.3 trillion
(3.5% CAGR)
- Driven by loan growth and increased deposits.
- Influenced by interest rate environment and economic conditions.
- Community banks contribute to this growth through local lending.
Total Addressable Market
Approximately $23.3 trillion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Personalization
Utilizing artificial intelligence and machine learning to offer hyper-personalized banking products, financial advice, and customer service experiences tailored to individual customer needs and behaviors.
Open Banking APIs
Implementing secure Application Programming Interfaces to allow third-party financial service providers to access customer banking data (with consent) for developing innovative applications and services.
Blockchain for Secure Transactions
Leveraging distributed ledger technology to enhance security, transparency, and efficiency in interbank settlements, cross-border payments, and loan origination processes.
Impactful Policy Frameworks
Basel III Endgame (Proposed, 2023)
The proposed 'Basel III Endgame' aims to finalize capital requirements for large banks, including revisions to credit risk, operational risk, and market risk frameworks to ensure greater financial stability.
This policy could increase capital requirements for Ponce Bank, potentially affecting lending capacity and profitability by requiring more reserves.
Community Reinvestment Act (CRA) Modernization (Final Rule, 2023)
The CRA modernization aims to update regulations to better assess how banks meet the credit needs of low- and moderate-income communities, including new evaluation metrics for online and mobile banking.
This policy will require Ponce Bank to re-evaluate and potentially adjust its strategies for serving its community, particularly concerning digital service accessibility and lending practices.
Consumer Financial Protection Bureau (CFPB) Section 1033 Data Rule (Proposed, 2023)
This proposed rule under Section 1033 of the Dodd-Frank Act aims to give consumers greater control over their financial data, allowing them to share it securely with third-party apps and services.
This policy could necessitate significant investments in secure data sharing infrastructure for Ponce Bank and potentially increase competition from FinTechs by enabling easier data portability.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
