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When customers contact Wells Fargo, AI system goes to work

American Banker

An internally built system called Advanced Listening analyzes phone calls, emails, text messages and more, identifying possible compliance violations, systemic issues and opportunities to improve processes, products and customer service.

System 83
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A Five-Step Action Plan to Mobilize ‘Mobile First’

Gonzobanker

Financial institutions that are not ready to fully serve customers digitally face an existential threat. Despite all the hype related to digital transformation over the last several years, the systems and processes required to support customers virtually are not good enough. How fast can the institution adapt its strategy?

Mobile 153
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Live Oak outpaces larger rivals in moving core system to public cloud

American Banker

The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs.

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Future of Customer Experience in Digital Banking

Banking 2020

Digital banks are no longer in the ‘money’ business but rather, in the ‘value’ business. Unlike in the past, when more than two products from one bank made a customer loyal, customer behavior is fleeting and their expectations for digital banking is increasing every day, because technology is giving them numerous choices and control.

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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 109
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Bringing digital banking tools into the 21st Century

Banking 2020

Old technologies mean slower loading times, irrelevant features and a fundamental disconnect between what the customer needs and what the bank provides. The key is bringing modern tools into the process, reviewing IT systems and ultimately increasing speed.

Tools 40
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Your Eyes are the Window to… Your Bank? Q&A with EyeVerify

Banking 2020

How does this technology reduce costs to the traditional banking business? Eyeprint ID is already in market for consumers among 20 banks in Australia that are leveraging the digital banking platform provided by The System Works Group. Eyeprint ID requires no additional expensive software or hardware. Source: WSJ.

System 101