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How Opening Bank Data Can Transform SMB Lending

PYMNTS

FinTechs continue to push the envelope to see how far open banking frameworks can go in improving the SMB banking experience, and increasingly, SMB lending is shifting to the center of these collaborative efforts. In the U.K., ” The U.S.’s ’s Open Banking Path. While more financial service providers in the U.S.

Lending 233
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Why banking technology makes sense – recession or not

Abrigo

The company has estimated that the impact of its system meltdown during bad weather will cost it as much as $825 million. Customers mocked and disparaged the airline, resulting in millions of lost ticket sales. A failure in back-office technology directly affects customer experiences.

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FinTechs, FIs Uniting Over Distributed Banking For Disbursements

PYMNTS

That’s distributed banking, a FinTech model that “remains invisible and never enters into a customer relationship with the end user but rather facilitates the technology, payment choices, risk management and customer experiences necessary to delight everyone in the value chain.”.

Fintech 130
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How Banks Can Guide FinTechs Through Their First Economic Downturn

PYMNTS

In a recent conversation with PYMNTS, Diehl noted that FinTechs are in a unique position to compete against traditional lenders, and the pandemic doesn’t take away from their ability to provide what is often a more favorable customer experience than that of a traditional lender. “On They, too, experience tough challenges.”.

Fintech 261
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From CRE to Corporate Culture – BIG Ideas from 2020 ThinkBIG: Manage Risk. Drive Growth.

Abrigo

Learn how to support company culture and hiring long-term talent. The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. Increase efficiency and improve the overall borrower experience. Drive Growth.

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A Masterclass in Bank Total Experience In One Graphic

South State Correspondent

Banks that focus on the customer experience have come to learn that it is not the forward-facing customer experience that matters, but the “total experience” that now counts. Total experience is the business strategy for creating superior customer AND employee experience.

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The BaaS Gold Rush is On

Gonzobanker

New Cornerstone research estimates that banks can realize as much as $25 billion in BaaS revenue over the next five years through partnerships with third-party technology companies. Executives should embrace technology partners as a means of growing and enhancing their customer value proposition.