January 17, 2017
Via: GOBankingRatesA new year means new banking trends. And while no one can predict all the ups and downs of the economy, leading financial experts have some specific ideas about what 2017 will mean for banking. From new technologies to rising […]
January 4, 2017
Via: Banking ExchangeAside from any online shopping that bankers may do, many banks now use Amazon’s outsourced IT services. Unlike most vendors they rely on, financial institutions would do well to aspire to Amazon’s business model, according to Ron Shevlin, research director […]
December 19, 2016
Via: Banking ExchangeTechnology has changed the ways in which consumers demand credit and lenders supply it. One of the more noteworthy shifts has been the emergence of fintech consumer lenders, generally characterized by no branches, an emphasis on agile and sophisticated use […]
November 15, 2016
Via: The New York TimesThe hub of the technology industry is Silicon Valley. In finance, the world capitals have long been London and New York. But in the emerging industry that combines finance and technology, often called fintech, the center of activity is less […]
November 10, 2016
Via: TheStreetThe nearly ubiquitous use of mobile-messaging applications worldwide represents the fastest adoption curve ever for communication technology, and recently messaging apps have surpassed social-media platforms in terms of active users. Intelligent automation via chatbots provides brands and businesses with an incredible […]
November 1, 2016
Via: Insurance JournalThe overall upward trend of organizations purchasing cyber insurance continued in 2016, however there are signs the market is slowing after six years of rapid growth. A 2016 Zurich Insurance-Advisen survey shows that over the last six years, the proportion […]
August 31, 2016
Via: FinextraTransaction banking has made remarkable progress in recent years. The easy availability of new tools and technologies has improved operating efficiency and accuracy. The challenges of increasing volumes, evolving regulation and growing competition from new market players, complex customer demands. […]
August 19, 2016
Via: FinextraWhy can’t the insurance business be more like Netflix? Or Tripadvisor or Booking.com? In my opinion, the transformation of insurance services and products by digitalisation will be nothing short of mind-blowing. Nonetheless, there is a great deal that insurers can […]
August 16, 2016
Via: FinextraNCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that the Bank of Oak Ridge, Oak Ridge, N.C. (OTCPink:BKOR), and Gorham Savings Bank, Gorham, Maine, are the latest financial institutions to deploy NCR Interactive Teller technology, bringing […]
August 15, 2016
Via: FinextraThe Internet of Things may just hold the key to the future of banking, says Jacqueline Guichelaar, head of infrastructure and service delivery for Lloyds Banking Group. With the topic of transformation dominating banking industry conversations amid the race towards […]
August 12, 2016
Via: GOBankingRatesFor decades, banking was a mundane, routine task. You visited a local branch to open or close accounts, deposit, withdraw and transfer funds. If you wanted to apply for a mortgage or loan, you made a personal appointment with a […]
July 19, 2016
Via: Bank DirectorIn his letter to shareholders last year, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon took note of the growing competition from the financial technology industry. “Silicon Valley is coming,” Dimon wrote. He meant it as a warning. It […]
June 22, 2016
Via: Banking ExchangeThe growth in alternative lending over the last few years has been driven by data. Alternative lenders are using new types of data for determining creditworthiness to target borrower segments that have been underserved by banks, including small businesses. Banks […]
June 17, 2016
Via: Banking ExchangeDisruption seems to be everywhere today, and one of the poster children for that is Uber, the app-based transportation service. Banker Tom Ryan said that people often like to cite Uber as an example of how to break through regulatory […]
May 17, 2016
Via: Banking ExchangeAdvanced analytics programs are moving the meter on how banks attract and retain customers, prevent fraud, and generate new revenue streams. As a result, adoption of third-party analytic services continues to increase. If you are grappling with how advanced analytics […]
May 13, 2016
Via: Banking ExchangeIn 2013, leaders of First Tennessee Bank, Memphis, embarked on an ambitious project with a simple question: What percentage of all products and services it offered were actually profitable? Simple question, but after an all-hands effort, the bank came to […]
May 11, 2016
Via: Bank DirectorIn my work advising community banks on capital and liquidity issues, one of the more common concerns I encounter is how to deal with a changing shareholder base. As existing shareholders age or pass away, they are bequeathing their stock […]
May 11, 2016
Via: Banking ExchangeCreation of an interagency working group on online marketplace lending, to more closely monitor developments in that space, is a key recommendation in the Treasury Department’s much-awaited report on this aspect of fintech. In its report, Opportunities And Challenges In […]
May 9, 2016
Via: Banking ExchangeThe largest banks have approached the fintech arena equipped with venture operations armed with millions to invest in startups. Regional and community banks have generally been more hesitant to engage with fintech companies, as they can’t afford to throw around […]
April 19, 2016
Via: Banking ExchangeGrowing interest in blockchain technology has been sounding alarms throughout the financial world. But there’s a way to investigate, evaluate, and assess this new technological opportunity without pushing the panic button. Let’s examine the attraction of blockchain and the issues […]