Remove Community Bank Remove Customer Experience Remove Examples Remove Risk Management
article thumbnail

The BaaS Gold Rush is On

Gonzobanker

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. According to internal Cornerstone research, banks pursuing Baas hadan 80% median increase in NIE compared to an industry median of just 18%. assets, citing high NIE.

article thumbnail

Why banking technology makes sense – recession or not

Abrigo

Experts have highlighted numerous lessons from Southwest’s experience, many of which can benefit bank and credit union executives, regardless of their institution size, as they manage competing priorities for spending and growth initiatives on banking solutions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Without the ability to have face-to-face branch interactions due to the coronavirus, it became imperative for financial institutions to serve customers effectively through digital channels. See how digitization can improve customer experiences. Lending & Credit Risk. Credit Risk Management. learn more.

Lending 259
article thumbnail

Formula for Business Lending Success: Minimize Delays

Abrigo

At most banks and credit unions, for example, staff re-enter the same data point between 1 and 5 times. They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. Standardizing, automating processes leads to scale. “It

Lending 243
article thumbnail

AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 221
article thumbnail

How CFIs Can Remain Relationship-Focused in a Digital World

Abrigo

Without the ability to have face-to-face branch interactions due to the coronavirus, it became imperative for financial institutions to serve customers effectively through digital channels. See how digitization can improve customer experiences. Lending & Credit Risk. Credit Risk Management. learn more.

Lending 195
article thumbnail

Uncovering the Hidden Efficiencies in Loan and Deposit Operations

Gonzobanker

Common examples: Problem: Not fully leveraging the core accounting system’s capabilities regarding daily NSF/OD item processing. Many financial institutions are leveraging robotic process automation (RPA) capabilities to improve customer experience and remain competitive.