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Branch Transformation: Innovating to be Nimble

Banking 2020

Innovation requires understanding your client base and providing differentiated services that clients will find value in. Banks must innovate and be nimble to address emerging client needs in the neighborhoods they serve. As community banks, we must recognize and be responsive to what our clients are demanding of us.

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This Week’s Reads: Digital Banking, Innovation and Payments

Banking 2020

Reality checks for community banks switching to a digital model: There is a lot of talk about digital banking however, not all digital banking falls under the same umbrella. Community banks must examine what cultural, operational and marketing shifts will happen when they adopt digital banking initiatives.

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Omni-channel innovation, not supplier contraction, critical to banking growth

Banking 2020

It is rare that industries are served well by consolidation of similar players as these rarely drive innovation and mostly seek to benefit from cost saving through scalability, operational efficiencies, and product rationalization. With all of these pressures on retail banking, the industry needs innovation more than ever before.

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Innovation in Digital Banking: There’s no substitute for real-world experience

Banking 2020

Specifically, it taught me about customer empathy and experimentation as two good tools to use in innovation. Personal Innovation: You see, I used to be quite unhealthy, living on a steady diet of junk food matched with no real exercise regimen. I wanted to see how the credit union operates in a real-world context. eventually.

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IT Transformation: How Banks Are Driving Digital Technologies

Banking 2020

Banks have one of the largest IT budgets of any industry, but what exactly are organizations getting for the money? Powering innovation starts with transforming technology and its use. Many banks are built on legacy, and that includes legacy IT. Banks Move from ‘Old IT’ to ‘New IT’. Think like a stockbroker.

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This Week’s Reads: Mobile Biometrics, Online Fraud and Mobile Applications

Banking 2020

Articles via PYMNTS.com, Banking Exchange, Enterprise Innovation. Mobile apps: the next big thing in supply chain automation: Due to the simplicity of using mobile apps on a smartphone, they are now becoming ideal for operational supply chain management activities. What have you been reading?

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PWC Takes Very Optimistic View Of Retail Banking

Tech and Finance

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. PWC does suggest major improvements can be achieved without replacing core systems, or undertaking radical digitalization.

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