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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 140
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Identity fraud is soaring. Here's how one lender is attacking it.

American Banker

Axcess Financial is using stronger authentication, studying up on bad actors and planning to use a federal service that automates verification of Social Security numbers.

Fraud 56
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This Week’s Reads: Omnichannel, Mobile Check Deposit, Innovation

Banking 2020

Survey confirms Americans’ increasing use of mobile banking: A study from Carlisle & Gallagher found that 55% of Americans access their financial account information through mobile banking options 2-3 times per week. Spotlight banking digital banking innovation mobile banking mobile check deposit omnichannel'

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5 Big Ways Mobile Banking has Changed the Industry

Banking 2020

Globally, the millennial population looks to do their banking through a mobile app. Over 43 percent do it online via their bank’s website, while only 7.8 percent use a physical bank. Generation X is starting to dip their toes in mobile banking.

Mobile 40