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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.

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B2B FinTech On The Cusp Of Change

PYMNTS

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. Those services include bitcoin and peer-to-peer lending, analysts said. 65% of U.K. percent of borrower applications.

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Community Service with the Personal Touch

Banking 2020

Question: Community branch, personal service, mobile banking—which is the odd one out? For some time now, there have been discussions about the future of community banks in the age of digital banking. What happens when this genteel, Norman Rockwell-esque universe gets swallowed up by Tweets and mobile apps?

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FI Highlight: Harborstone Credit Union

Banking 2020

You recently launched CUneXus Comprehensive Pre-Screened Lending (CPL) Solution. We are planning to expand this solution for use with mobile devices. We serve more than 73,000 members, so we’re big enough to offer a wide variety of products and services, yet small enough to offer a pleasant and personable atmosphere.

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China key to banking and payments innovation

Banking 2020

It noted that instead of merely imitating business models from the West, Chinese firms are disrupting and redefining the industry, with an emphasis on ecommerce, mobile and peer-to-peer payments. “This platform approach is key and a unique difference in China,” InnoTribe stated. ”

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Future of Customer Experience in Digital Banking

Banking 2020

Tech savvy banking customers are not only comparing their digital experience with that of other banks, but also with their digital experiences in the non-banking world, like retail or telecom. This digital experience is vital, as it determines whether they should stay or move to different banks for better service.

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Doing Omni-Channel First, Or Doing It Right?

Banking 2020

Regardless of how and why they hit the market, some technology-driven innovations seem to lend themselves to particular vertical markets and/or disciplines. Mobile payments enabled by those smartphones and tablets may not be popular with everyone, but those millennials are coming to love them. Wearable technologies? Social channels?

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