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Banking Predictions for 2021: New Branches, Travel Comes Back, Overcrowded Market

MyBankTracker

We’ve kept a close eye on how banks and other financial institutions have changed their products and services in 2020. Here are some of the consumer banking trends that we believe will take hold in 2021. Consumer Banking Trends of 2020. Adoption of digital banking. Expected Banking Trends for 2021.

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Consumers Funding Construction Loans in Innovative Fintech Model

The Financial Brand

Online platform brings upscale retail investment funding to smaller markets, providing housing and related construction credit opportunities. The post Consumers Funding Construction Loans in Innovative Fintech Model appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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What Will Happen in Banking if Amazon Rolls Out Retail Branches?

The Financial Brand

What prime opportunities would develop if the mega-online-retailer plops its own department stores on the edge of your market? The post What Will Happen in Banking if Amazon Rolls Out Retail Branches? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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5 Actionable Insights From 2Q 2022 Bank Earnings

South State Correspondent

For 2Q, larger community banks lost about 0.3% of their deposits, and small banks were either flat or continued to gain. Institutional and corporate money will go to higher returning alternatives such as money market funds. Prime funds are offering a 1.86% rate which will trend up.

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How You Handle Fraud Will Make Millennials Drop or Love You

FICO

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” 40% of banking customers say their bank does not protect them from identity theft at all times.

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How JPMorgan Is Preparing For The Next Generation Of Consumer Banking

CB Insights

JPM’s evolving suite of digital banking apps. Branded cards. Physical branch banking. Beyond traditional recruiting channels, JPM is also leveraging its recent $300M+ acquisition of online payments service provider WePay to attract talent in Silicon Valley. Mobile apps. Chase Sapphire. ChaseNet & ChasePay.

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Making omni-channel a reality – Part 4: Assess your operating model

NCR

Taking account opening as an example, one of the goals of omni-channel delivery is providing a seamless experience across channels – so customers can start to open their account online and finish the process in a branch, for instance. The ATM remains one of the most visible and heavily used banking channels around the world.