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CIT Bank 2020 Review

MyBankTracker

They may be missing out given that CIT Bank is quietly offering some very attractive products that have competitive deposit rates and very low fees. Here’s an overview of CIT Bank’s most notable offerings and how it may be a better bank for your money. CIT Bank Savings Builder. CIT Bank Money Market Account.

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What two credit unions can teach banks about marketing

American Banker

Crane Credit Union has taken an Instagram Stories-like approach, while Certified Federal Credit Union is crafting personalized email messages.

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This Week’s Reads: Millennial Marketing and Security

Banking 2020

The do’s and don’ts of marketing bank technology: While software updates might be a big deal to product and tech teams, they’re not what consumers care about. Below are interesting stories the Banking.com staff has been reading over the past week. Articles via BankThink, American Banker, The Financial Brand.

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How will new regulations affect China’s online payments market?

Banking 2020

A booming market. China has rapidly become one of the world’s largest markets for online payments, driven by its burgeoning middle class, the growing proliferation of smartphone and tablets, and much improved mobile data coverage. Chinese market research company iResearch estimates that in the first quarter of 2015, a total of 2.4

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EMV migration myths: three lessons for the US market

Banking 2020

So what can the US market expect to happen after the liability shift? Better analytics, security features and fraud detection is in place today that means there is simply not the gap in the market for fraudsters that existed in the mid-2000s. The US market is very different to those that have migrated to EMV before it.

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Should banks be worried about skyrocketing fintech valuations?

American Banker

Speculation is part of the reason for the growing differential in market capitalization between legacy financial institutions and upstarts. But one venture capitalist says it's "a call to action" for traditional banks to match fintechs' all-digital, customer-friendly services.

Fintech 101
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Banks are stepping up tech for people with disabilities

American Banker

Bank and Regions revamped their apps with accessibility in mind; JPMorgan Chase built a branch for customers who are deaf. Such efforts can help banks appeal to more customers in existing markets.