Remove Banking 2020 Remove Community Remove Management Remove Technology
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B2B FinTech On The Cusp Of Change

PYMNTS

200 community banks have cut ties with Lending Club following the sudden departure of the alternative lender’s CEO and the subsequent hit to share prices, which reverberated across other alt-finance players. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. 65% of U.K.

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FI Highlight: Banner Bank

Banking 2020

Dianne shared insight on Banner Bank’s recently redesigned website and new marketing initiatives to further their approach as a “ super community bank.”. Dianne Larsen, Banner Bank. A bank must have zero tolerance for website downtime as it impacts your clients’ ability to access their money.

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From Online to Mobile to Mobile-Only

Banking 2020

Just as the onset of online banking capabilities upended traditional industry practices, the slew of mobile banking apps now on the market, and the heavy adoption of those technologies by ‘millennials’ in particular, was bound to make even online banking look old-fashioned. And then, of course, there’s the technology.

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Biometric security not all it’s cracked up to be?

Banking 2020

However, a major data breach at the US Office of Personnel Management (OPM) has cast this into doubt. However, this probability could change over time as technology evolves.”. In the case of biometric technology, we could need to look to something that is dynamic like a heartbeat. million individuals.

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Traditional Banks v. Alternative Lenders: How Goliath Can Beat David

Banking 2020

Kyle Enger, known for his thought leadership in the world of relationship banking on the West Coast said it best, “Traditional banks have to embrace digital lending in their hometowns to compete.”. Here are a few ways Kyle described how this concept might work: Marketing to the local community and actively becoming a part of it.

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Winning the Customer

Banking 2020

These digital-heavy, mobile-savvy youngsters feel free to eschew brand loyalty and shop around for options on a whim, and the constant emergence of new technologies supports fickle habits. Some might be, but it turns out that the big winners, at least in this iteration, are actually local and community banks, registering a 5% migration.

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From Omni-Channel to Omni-Cliché: Don’t Define, Just Engage

Banking 2020

Some technology buzzwords become so embedded in the lexicon they reach cliché status at warp speed. As financial services providers and financial institutions, we’re not really in the business of technology—it enables what we do, but it’s not what we do. It’s not a buzzword, and it can’t always be clearly defined, but it’s vital.

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