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Can Data Give Small Banks An Edge Over The Big Boys?

PYMNTS

For community banks, there’s power in numbers. According to the Independent Community Bankers of America (ICBA), a trade group that advocates on behalf of about 6,000 community banks of various sizes in the U.S., But community banks still face tough competition from larger financial institutions.

Data 100
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Technology Considerations in Commercial Lending Transformations

Gonzobanker

As many community banks focus on growing their commercial lending businesses, many are embarking on transformation initiatives to improve their capabilities and competitiveness. The Importance of the User Experience. Consumerizing the commercial customer experience—i.e., The Need for a Unified Data Strategy.

Lending 60
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Two Hallmarks of Successful Branch Transformation Initiatives

Celent Banking

Except for the smallest of community banks, branch channel transformation involves two, concurrent initiatives – the current network and the future network. Most banks appear to associate branch channel transformation with radical changes in the branch operating model. Here goes: 1. Two, Not One. Why’s that?

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Test Quickly, Fail Fast: Utilizing Data to Retain Customers

Banking 2020

As analytics professionals, we sometimes jump to the “solve” before visualizing and mapping out the analysis. Doing so will help you focus your analysis by tackling the hypothesis with the greatest impact first and shortening the overall time to solve. Others will require deeper analytics with end user data.

Data 40
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5 things banks need to do to boost customer experience

NCR

Here are five key areas that banks need to prioritize. Digital is now a key channel for any bank, yet many FIs remain focused on cutting costs in this area rather than factors such as boosting user experience. Improve digital engagement. Make sales activities more proactive.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Customers can store all of their online profiles in one secure location to improve user experience. Looking for banks or credit unions. This is an extension of business services, powered by a local community bank. A mobile wallet powered by a local bank, built on the Malauzai platform. It looks pretty slick.

Video 40
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37 Corporate Innovation Labs In Finance

CB Insights

Notable projects: Eye-tracking solution Eyevido was discovered by the Deutsche Bank Berlin Lab as a very early-stage startup. Working with the lab, the Eyevido team was able to conduct eye-tracking studies of Deutsche Bank’s retail banking websites to help improve the user experience for customers.