The Financial Brand

SEPTEMBER 28, 2021

The post Both Banks & Fintechs Blow It With Financial Wellness… What’s Wrong? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Many financial institutions fail in an area of rising importance to consumers. The key is to move from budgeting tools to contextual advice.

Fintech 36

Fintech Banking Trends Analysis Trends 36

The Financial Brand

JULY 19, 2021

Digital banking engagement leads to more customer data and better customer experiences, which leads to greater loyalty and higher profits. The post The Future of Loyalty in Banking is at Risk appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Customer Experience 43

Customer Experience Banking Trends Analysis Digital Banking 43

The Financial Brand

JUNE 23, 2021

Traditional institutions exploited holes in fintechs' consumer lending model, especially relating to service. The post Fintech Lenders Stumble While Banks and Credit Unions Gain appeared first on The Financial Brand - Banking Trends, Analysis & Insights. But technology is still key.

Fintech 25

Fintech Banking Trends Analysis Lending 25

The Financial Brand

OCTOBER 13, 2021

The integration of finance and digital technology has resulted in exponential growth of digital banking and fintech solutions. The post Digital Finance Penetration Surpasses That Of Social Media appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

social media 43

social media Banking Trends Analysis Digital Banking 43

NCR

JANUARY 16, 2017

We estimate that in five major retail banking businesses (consumer finance, mortgages, SME lending, retail payments and wealth management) from ten to 40 percent of revenues (depending on the business) will be at risk by 2025, and between 20 and 60 percent of profits, with consumer finance the most vulnerable.” A more digital business.

Trends 40

Trends Retail Customer Experience Resources 40

The Financial Brand

JUNE 13, 2021

To compete with fintech lenders, traditional financial institutions must simplify internal processes and improve mobile experiences. The post Consumer Lending Transformation Requires Speed, Simplicity and a Digital Mindset appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Lending 43

Lending Banking Trends Analysis Trends 43

The Financial Brand

JANUARY 19, 2022

A charter is a plus for the fintech, but the impact for traditional institutions may depend on the status of their digital transformation. The post SoFi Gets Approval to Become a Bank – Should Legacy Banks Care? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Banking Trends 38

Banking Trends Analysis Trends Branding 38

The Financial Brand

NOVEMBER 7, 2021

Research on the future of banking finds that most changes in the future of banking will be evolutions of the more recent past. The post 14 Surprising Projections on the Future of Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Banking Trends 43

Banking Trends Analysis Trends Branding 43

The Financial Brand

JANUARY 19, 2022

But traditional institutions and fintechs must earn the trust of these young consumers. The post Gen Z’s Top Priorities When Selecting a Financial Service Provider appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Retail bankers may assume they have Gen Z down pat.

Banking Trends 33

Banking Trends Analysis Trends Branding 33

The Financial Brand

SEPTEMBER 21, 2021

Moves involving Plaid and Q2, and Envestnet Yodlee and TD Bank will boost adoption of fintech data sharing by banks and credit unions. The post Data Sharing Partnerships Give a Big Boost to Open Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Data 26

Data Banking Trends Analysis Trends 26

The Financial Brand

AUGUST 15, 2021

Banking organizations must find ways to improve consumer experiences by participating in embedded financial opportunities with third-parties. The post How Will Banking Respond to Embedded Finance Model? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Banking Trends 43

Banking Trends Analysis Trends Branding 43

The Financial Brand

JANUARY 17, 2022

appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The core product with the obsolete name remains essential for consumers — and financial institutions — but the reasons why are changing. The post What’s the Future for Checking Accounts?

Banking Trends 40

Banking Trends Analysis Trends Branding 40

The Financial Brand

OCTOBER 3, 2021

Google's abandonment of Plex digital-only banking should not bring comfort to traditional banks that are slow to respond to neobank offerings. The post Traditional Banks Remain Unprepared for Digital-Only Challengers appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Banking Trends 43

Banking Trends Analysis Google Trends 43

The Financial Brand

JANUARY 2, 2022

The financial institutions that will win in an open banking environment are already planning now and overhauling legacy IT infrastructure. The post Just How ‘Open’ Will Banking Become in 2022? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Banking Trends 40

Banking Trends Analysis Trends Branding 40

The Financial Brand

OCTOBER 18, 2021

The post Growth Is Impossible Without Faster Digital Checking Account Opening appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Financial institutions are experiencing an unacceptable rate of digital account opening abandonment due to slow and broken processes.

Banking Trends 39

Banking Trends Analysis Trends Branding 39

The Financial Brand

SEPTEMBER 13, 2021

The post People Love Digital Banking, But Will They Surrender All Their Data? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The industry is evolving how it shares data but consumers aren't prepared.

Digital Banking 42

Digital Banking Data Banking Trends Analysis 42

The Financial Brand

JANUARY 18, 2022

Instead of reacting defensively to competitive or regulatory pressures, technology lets banks and credit unions proactively assist customers. The post How Data Can Dramatically Alter the Overdraft Landscape in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Data 36

Data Banking Trends Analysis Trends 36

The Financial Brand

OCTOBER 13, 2021

Community banks and credit unions outpace megabanks and even neobanks in key areas, but that edge won't sustain those that lag in technology. The post Square, PayPal Pose Grave Threat to Community Financial Institutions appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Community 39

Community Community Bank Banking Trends Analysis 39

The Financial Brand

JUNE 9, 2016

A mid-year review of the status of the 2016 retail banking trends and predictions.

Banking Trends 12

Banking Trends Trends Retail Customer Experience 12

The Financial Brand

DECEMBER 8, 2021

The post What Relationship Banking Should Look Like in 2022 appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The rise of digital makes it harder to be a relationship banker, but modern technology frees up time for a human connection when needed.

Banking Trends 33

Banking Trends Analysis Trends Branding 33

The Financial Brand

JULY 7, 2021

challenger bank, but a raft of consumer grievances surfaced by ProPublica could damage Chime's reputation. The post Chime Is Leading the Neobank Pack, But Complaints Are Flooding In appeared first on The Financial Brand - Banking Trends, Analysis & Insights. It's the top U.S.

Banking Trends 37

Banking Trends Analysis Trends Branding 37

The Financial Brand

JANUARY 26, 2022

The post The End of the Traditional Banking Relationship, and What’s Replacing It appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Here's what incumbents must do to respond.

Banking Trends 29

Banking Trends Analysis Trends Branding 29

CB Insights

AUGUST 23, 2018

This is in part because customers no longer need to rely on banks for financial services — 60% of US bank customers say they are willing to try a financial product from a tech firm they already use, and that number rises to 73% for customers aged 18 — 34. JPM leads banks in active digital customers.

Cards 76

Cards Mobile Strategy Branding 76

The Financial Brand

FEBRUARY 5, 2023

This article 4 Priorities for Increased Customer Centricity in Banking appeared first on The Financial Brand. To become more customer centric, financial institutions must transform the way they create, deliver, and communicate solutions for customers.

Branding 42

Branding User Experience Customer Experience Banking Trends 42

South State Correspondent

MAY 13, 2024

The session also covered the new Georgia “merchant acquirer limited purpose bank” (MALPB) charter, which has the potential to be popular among fintechs wanting bank powers. This charter will give banks more competition in payments.

Conference 195

Conference Payments Fraud Data 195