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Retail banking trends to look out for in 2023

Independent Banker

One such bank is $1.7 billion-asset One Community Bank (OCB) in Oregon, Wis. It has introduced a plethora of new retail banking initiatives in the past couple of years, including online account opening for anyone in the state of Wisconsin. Jeff Versluys, One Community Bank. The initiative is working.

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NowRx: Digital Identity Benchmarks Help Healthcare Industry Set Tone For Privacy

PYMNTS

This trend toward digital has only increased since the beginning of the COVID-19 pandemic, and this growing population of online-only or online-majority customers also means that identifying those consumers has become essential for businesses and financial institutions (FIs) in global markets.

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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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Two Emerging Trends Signal Trouble for Both Fintechs & Regional Banks

The Financial Brand

As a new normal begins both must take a fresh look at what they are doing with mobile apps and beyond or get beaten by large national banks. The post Two Emerging Trends Signal Trouble for Both Fintechs & Regional Banks appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Consumer Lending Transformation Requires Speed, Simplicity and a Digital Mindset

The Financial Brand

To compete with fintech lenders, traditional financial institutions must simplify internal processes and improve mobile experiences. The post Consumer Lending Transformation Requires Speed, Simplicity and a Digital Mindset appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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People Love Digital Banking, But Will They Surrender All Their Data?

The Financial Brand

The shift to an online landscape revolutionized banking. The post People Love Digital Banking, But Will They Surrender All Their Data? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. The industry is evolving how it shares data but consumers aren't prepared.

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Square, PayPal Pose Grave Threat to Community Financial Institutions

The Financial Brand

Community banks and credit unions outpace megabanks and even neobanks in key areas, but that edge won't sustain those that lag in technology. The post Square, PayPal Pose Grave Threat to Community Financial Institutions appeared first on The Financial Brand - Banking Trends, Analysis & Insights.