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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Both One Community Bank (OCB) in Oregon, Wis.,

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Santander Shows One Way Forward For 5G And Banks

PYMNTS

Financial institutions are constantly on the hunt for an edge when it comes to mobile banking and other innovations, and that’s playing out with new, emerging 5G mobile network technology. One of the most recent developments comes from Spain-based bank Santander. Low Latency.

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Credit Unions Unite Behind Digital Banking

PYMNTS

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. Specifically, the metamorphic impact of mobile open banking and instant payments has been the first real test of the trust bond that holds CUs together.

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How JPMorgan Is Preparing For The Next Generation Of Consumer Banking

CB Insights

This is in part because customers no longer need to rely on banks for financial services — 60% of US bank customers say they are willing to try a financial product from a tech firm they already use, and that number rises to 73% for customers aged 18 — 34. JPM leads banks in active digital customers. Physical branch banking.

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Everyone’s talking about APIs. Why?

Insights on Business

While looking at the predictions for the FinTech area for 2017, I started noticing that APIs were showing up again and again. As Jim Marous notes in his article, Top 10 Retail Banking Trends and Predictions for 2017 , “APIs were not even listed as a 2016 trend, but was #4 in 2017.”.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The session also covered the new Georgia “merchant acquirer limited purpose bank” (MALPB) charter, which has the potential to be popular among fintechs wanting bank powers. This charter will give banks more competition in payments. It is likely that regulators will soon ask banks to come up with a plan.