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Bankers Are Excited by Data Analytics (But Not Roboadvisors), Infosys Reports

Bank Innovation

Data analytics is the most common digital technology currently being used by banks, a new report by consultancy Infosys, released yesterday, stated. Data analytics-- which is just what it sounds liker-- is currently being used by 73% of the 1,000 bankers surveyed for the study,Read More.

Analytics 270
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REPORT: Payment Tech Tops FIs’ Innovation Agendas

PYMNTS

However, financial institutions (FIs) are getting better at separating vital areas of innovation from the hype. Banks are increasingly focusing on the fundamentals when determining their innovation agendas. Payment technology is in many ways the flagship among the fleet of innovations that banks are pursuing.

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IBM Ties Analytics Into LevaData Procurement Spend Analysis

PYMNTS

Supply chain and procurement optimization solution provider LevaData is collaborating with IBM to augment its data analytics capabilities, the firms said in a Thursday (Oct. Supply chain and procurement processionals will have access to analytics and insights that provide guidance on direct procurement cost savings opportunities.

Analytics 101
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Is Your Financial Institution Data Driven? Survey says, ‘Probably Not’

Celent Banking

Data analytics is not a new pursuit. But owing to the inherent complexity of advanced data analytics platforms, experience with data analytics has been the domain of only the largest organizations. Well, that depends on what you mean by data analytics. But are they? What gives? I think there are at least two reasons.

Survey 202
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Deep Dive: How Loyalty Innovation Improves Member Relationships, Boosts Brand Awareness

PYMNTS

Although CU members want innovation in member loyalty and rewards, most credit unions are not delivering these programs up to the desired standards. Credit union members’ high expectations when it comes to loyalty innovation do not necessarily make or break their banking relationships. Loyalty Innovation Strategies .

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GEICO, State Farm, Nationwide, Progressive, USAA Top Q1 2022 Mobile Insurance Scorecard

Perficient

While mobile has long been a part of the carrier offering – pay a bill, get an ID card, file a claim – this survey reflects the evolution of insurers from transactional into personalized servicing. 1) Know Me – Data & Analytics Relevant to the Customer. 2) Learn About Me – Preferences and Interactions.

Mobile 294
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Cobalt Credit Union’s Data-Driven Innovation In Member Services

PYMNTS

Modern credit unions understand all too well that loyalty innovation is critical to staying in business, and that those that do not prioritize it risk losing a significant share of their members. Loyalty-based innovation is a top concern for many credit union (CU) members, as outlined in the latest Credit Union Innovation Playbook.