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Improved Digital Banking Customer Experiences Requires Operational Excellence

The Financial Brand

Operational improvement in banking provides the foundation for increased efficiencies, improved customer experiences and new business models. The post Improved Digital Banking Customer Experiences Requires Operational Excellence appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Why getting digital banking right could prove vital in the Gulf

NCR

.” As brands seek to build up and maintain a loyal customer base in this congested region, one goal that could prove to be more significant than any other (at least as far as customer experience is concerned) is getting digital banking right. Digital demands. Image: mdgomes via iStock.

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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

“Now is the time to develop a more coherent digital strategy to decide where to play and how to invest.”. Over the next five years, we expect 30 percent of traditional corporate banking revenues to be accessible solely through digital channels.”. The financial stakes are very high,” he continued.

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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

When it comes to their digital lending capabilities, community banks and credit unions are coming up short in three key areas: 1. Technology Utilization. Institutions are “spreading” financial statements for electronically provided tax returns or financial statements. Distinguishing Between Small Business and Commercial Loans.

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Scorecard Reports

Javelin Strategy & Research

Bank of America ranked as “Best in Class” over 20 top U.S. Bank of America ranked as “Best in Class” over 20 top U.S. FIs must find the sweet spot at the junction of consumer privacy, cybersecurity empowerment, and cybersecurity education to maintain long-lastin. The report me. The report me.

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Decision Platform Know-How Makes Winning Customers Personal

FICO

Personalisation underpinned by applied intelligence and cloud-hosted platform technology offers a competitive advantage when it comes to winning customers. A similar number (25%) of well-established banks also expect to be fully reliant on deployment of data warehouses and analytics operations via cloud-hosted decision platforms.

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In FinServ’s World Of Strict Rules, Data Management Flexibility Is Key

PYMNTS

But in an environment in which compliance pressures are rising, profits are declining and competition from FinTechs continues to build, the way in which corporate banks manage their data can mean sink or swim. One technology startup, Devo, secured $25 million for its products and services in this market.

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