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The Four Pillars of Smarter Bank Leadership

Gonzobanker

Financial institutions standing in 2030 will have completed a significant and gut-wrenching transformation of their leadership talent. Every year, digitization further rattles the relevancy of the traditional hierarchical banking organization. The traditional vertical chain of command can’t handle this challenge.

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NEW REPORT: State Street Chief On Cost-Benefits Of AI

PYMNTS

Growth in financial institutions’ (FIs) investment in AI comes as banks look to streamline their operational costs. A recent study estimated that investment in AI could result in a 22 percent reduction in operational costs at FIs, collectively saving them as much as $1 trillion by 2030.

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The 2019 GonzoBanker Awards

Gonzobanker

. ————————————————————————— The ‘En Vogue’ Trend of the Year – Credit unions buying community banks. Accounts that maintain an average balance of at least $10,000 get paid higher rates.

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The system versus the individual

Lex Sokolin

To create a new financial advisory practice when there are 10,000 RIAs, or to launch a community bank when there are 5,000 community banks is less difficult than to force into being a category of digital lenders, roboadvisors, and neobanks. This in turn legitimizes and reinforces the value of a new system.

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