With the first quarter of 2023 behind us, we march into the rest of the year with great optimism for the community banking sector. Soon we will announce our first release of 2023, which is full of product enhancements and new features. You can expect classic Q1 content: updated RMA data for industry comparisons and support of the 2022 tax forms for SET Reader.
Extra exciting is the debut of the new GUI (graphical user interface) for Square 1 Credit Suite, making it easier to find and use your favorite features. The team has been working tirelessly to modernize our flagship product which hasn’t seen an updated GUI in nearly a decade. This release only covers the first phase in an ongoing process, so keep an eye out for more improvements in the future.
We are also aware of the added burden on community banks and credit unions due to the amendment of Regulation B and Section 1071 of The Dodd-Frank Act and its resulting changes to the Equal Credit Opportunity Act (ECOA). We are researching to find the best solutions to support you.
Finally, as we enter Spring and continue to complete our 2023 Product Roadmap milestones, including excellent timesaving features, the joy of renewed life, and sunshine, remind us why we aspire for such high goals in the first place. As I write this, I’m reminded of when my family and I moved into our home eighteen years ago — each year, I’m taken back to the point when I opened our windows for the first time and was flooded with sunlight and hope for the future. Indeed, a lot has changed over the last eighteen years, but never the hope I have for our clients as I watch them help fulfill the hopes and dreams of their customers and members.