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Efficiency now: 8 smart strategy tips

Independent Banker

As we enter budgeting season, the answers might be found in a mix of strategies. Consider your branch strategy. Recruiting is easier in some regions than others. We’re all competing for the same people, and a lot of the younger people want to live in Boston, so attracting young talent is a challenge,” he says.

Strategy 135
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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

PYMNTS

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

Boston 177
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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Amy’s payments industry insight and unique experience in properly scaling a company will be valuable assets to our growth strategy,” said Paytronix CEO Andrew Robbins. “I Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region.

Industry 130
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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

Boston 109
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Digital payments on the rise in India – what does this mean for the region?

NCR

At the moment, some parts of this region are still heavily cash dependent, with research from McKinsey and Capgemini suggesting just two per cent of transactions in emerging nations of Asia-Pacific were cashless last year – though this rises to 35 per cent in developed countries. With more than 1.3 India set for a digital boom.

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Webster’s Profits Flat on Boston Expansion, Credit Costs

American Banker

million in the first quarter, but expenses related to its expansion in Boston and an uptick in net chargeoffs kept profits flat. Revenue at Webster Financial in Waterbury, Conn., hit a record $240.6

Boston 28
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Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

Retailers can engage with an “AI lite” strategy that produces lookalike customer data and a level of predictive analytics. Suppose a regional fashion retailer with an eCommerce presence has 100,000 customers in its data base. Not so fast. At one level it’s just that easy. But the present and future of AI in retail is much richer.

Retail 203