article thumbnail

Retail banking trends to look out for in 2023

Independent Banker

“We are continuing to explore relationships with fintechs, especially as it relates to fraud prevention and providing more value to our customers,” says chief deposit officer Dan Hancock. For community bank leadership teams, now is the time to better understand upcoming retail banking trends and prepare for a rapidly changing environment.

article thumbnail

How 5G Will Shake Up Banking and FinTech?

PYMNTS

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

Fintech 211
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Industry 4.0 Pulls South Africa’s SMB Banking Sector Into The Technology Mix

PYMNTS

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. “On one hand, our banking system is over 100 years old, and was really developed during the apartheid years,” he said. The South African economy has struggled in the last decade.

article thumbnail

SMBs Remain Hot Spot For Open Banking Business Models

PYMNTS

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. In the latest demonstration of FinTech-to-FinTech integration, U.K.

Fintech 132
article thumbnail

Santander Shows One Way Forward For 5G And Banks

PYMNTS

For financial institutions, the ongoing emergence of the 5G world comes as many of them try to gain an edge in the increasingly mobile world of banking and financial services – a world where FinTech and innovation in general promise to take on more vital roles as PSD2, open banking and other initiatives kick in. Low Latency.

Mobile 116
article thumbnail

What the future holds for retail banking – 5 key trends

NCR

” Here are five key trends that financial institutions will have to be aware of in the coming years if they are to achieve this. More simplified operations. One of the major appeals of many fintech options is their ability to deliver a fast, convenient and easy-to-use service, and this is something banks must respond to.

Trends 40
article thumbnail

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.

Cards 76