article thumbnail

10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. The law firm of Sidley Austin held a session on the CFPB’s uniqueness.

article thumbnail

Market your community bank with first-party data

Independent Banker

Andrew Catalano, Austin Williams While most community banks aren’t yet using first-party data for marketing purposes to grow revenue and retain customers, experts say those willing to invest in the effort can reap big rewards. She says banks need to understand where customer data is located and its lifecycle within the organization.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Location Detection: Building The Bank Business Case For Better Geolocation Data

PYMNTS

But moving ahead, traditional FIs will have to adapt to, and adopt, geolocation data usage in order to “connect” the right “data dots” and deliver a safe, seamless customer experience. Briggs stated that in the continued debate over tracking, there must be education at the regulator level.

Data 227
article thumbnail

BlueCats Kills A Dozen Birds With One Stone For Restaurateurs

PYMNTS

Restaurants can therefore lose a lot of money bringing in additional staff to make up for inefficiencies – not to mention money lost from customers who won’t return after having a poor experience. Another sensor can help keep track of allergens.

Austin 101
article thumbnail

Thoughts from American Banker Retail Banking Conference 2015

Celent Banking

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. With interest rates low and new regulations following the financial crisis, banks are running incredibly thin margins, and traditional revenue sources are no longer viable. This is the essence of an omnichannel experience.

article thumbnail

Finding the highest-value customers with digital: not as simple as it seems

Javelin Strategy & Research

Our answer was generally ‘no’ (with a few exceptions exceptions), and meanwhile we kept believing that customers would repay digital investments with bottom line value. We’re moving into a period of re-regulation of retail financial services, and banks or credit unions of all sizes are wary. What are your thoughts?

Austin 40