Perficient

JANUARY 25, 2023

2023 has commenced, and rates are climbing, inflation is bubbling, and banking customers are continuing to demand hyper-personalized products and experiences from their institutions. Here are five banking trends we’re forecasting for the new year. Three prominent areas where there is a strong desire to optimize: Data.

Banking Trends 474

Banking Trends Trends United States FDIC 474

Jeff For Banks

APRIL 4, 2024

Technology Advancement and Generative Artificial Intelligence In the third quarter of 2023, the total operating expense to operate a branch was 47% direct cost: branch salaries and benefits, lease expense, etc. Bankers must get serious about driving down the cost of the pistons, carburetors, and batteries of running a bank.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

DECEMBER 11, 2019

Recent reports in Accountancy Age said SMBs are largely unaware of open banking, with Intuit Quickbooks finding in a survey of U.K. SMBs that nearly half (48 percent) said they don’t believe technology will impact their business. Alliance Bank Taps Into Ephesoft Data Capture. Cash flow remains the No.

Fintech 132

Fintech Groups Data Strategy 132

The Financial Brand

APRIL 2, 2023

Regulatory compliance, legacy technology and lack of expertise prevent banks and credit unions from achieving maturity in their digital market efforts. This article Digital Marketing Maturity Still Lags in Spite of More Tools in the Toolbox appeared first on The Financial Brand. What's the hold-up?

Tools 31

Tools Marketing Compliance Branding 31

The Financial Brand

DECEMBER 16, 2021

A small Florida bank seeks to fill a niche by serving riskier businesses — nationally — that other financial institutions shy away from. The post Why (and How) a Community Bank Cultivates Crypto & Cannabis Clients appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Community Bank 34

Community Bank Community Florida Banking Trends 34

CB Insights

AUGUST 23, 2018

Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Over the past two years, the bank has spent nearly $20B to scale its technology and prepare itself for the next generation of banking.

Cards 76

Cards Mobile Strategy Branding 76

NCR

JUNE 12, 2017

However, there are some significant obstacles to achieving these objectives, one of which is the existence of manual operational processes within many banks, which can raise the risk of inefficiencies, human error and compliance failings. That’s where customer journey comes into the picture. Analyzing product portfolio.

Operations 82

Operations ATM Customer Experience Examples 82