Editor-in-Chief Naomi Snyder is in charge of the editorial coverage at Bank Director. She oversees the magazine and the editorial team’s efforts on the Bank Director website, newsletter and special projects. She has more than two decades of experience in business journalism and spent 15 years as a newspaper reporter. She has a master’s degree in journalism from the University of Illinois and a bachelor’s degree from the University of Michigan.
The Changing Face of Competition
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Written by
Naomi Snyder
Editor-in-Chief
Naomi Snyder
Editor-in-Chief
Bank Director’s 30th annual Acquire or Be Acquired Conference launched with a robust discussion of the changing competitive landscape that banks face today. Financial institutions have long competed with nonbank organizations for lending business; in fact, a majority of residential lending is no longer done by banks, according to Tom Michaud, president and CEO of Keefe Bruyette and Woods, a Stifel company. But Naomi Snyder, Bank Director’s editor-in-chief, shares that the industry increasingly faces outside competition for deposits as well, from fintechs like SoFi Technologies and even unlikely contenders like Starbucks, which carries roughly $1.7 billion stored on rewards cards.
WRITTEN BY
Naomi Snyder
Editor-in-Chief
Editor-in-Chief Naomi Snyder is in charge of the editorial coverage at Bank Director. She oversees the magazine and the editorial team’s efforts on the Bank Director website, newsletter and special projects. She has more than two decades of experience in business journalism and spent 15 years as a newspaper reporter. She has a master’s degree in journalism from the University of Illinois and a bachelor’s degree from the University of Michigan.