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Banks and Credit Unions View Fintech Partnerships a Key Growth Strategy for 2020

Gonzobanker

Financial institutions are making fintech partnerships a key priority in 2020, according to a new study from Cornerstone Advisors. In What’s Going On In Banking 2020: Outlook for a New Decade , 65% of banks and 76% of credit unions say these partnerships will be an important part of their business strategies this year.

Strategy 110
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Lending: When Technology Makes the Call

Banking 2020

Estimates vary, but it’s clear that tens of millions of consumers have little or no credit history, and many of them fall outside the purview of traditional lending institutions. Earnest , which bills its call center personnel as ‘happiness engineers,’ runs predictive analytics on each applicant to identify credit-worthiness.

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Banking Shift: 3 Ways the Debt Industry is Changing

Banking 2020

As alternative lending is booming, so is the demand for innovative services that support the industry. TrueAccord is using machine learning, behavioral analytics and a humanist approach to help enterprises and small businesses recover outstanding payments and maintain positive customer relationships.

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Future of Customer Experience in Digital Banking

Banking 2020

Digital Banking with Invisible Face: Behind every cool staff in digital banking, there are strong, robust, behind-the-scene systems that ultimately build trust for the bank. The building blocks are analytics, data security and authentication, without which, the customer experience would be ephemeral.