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Thoughts from American Banker Retail Banking Conference 2015

Celent Banking

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. The conference was well attended, with broad representation from all institution sizes and markets. P2P lending), and new payment schemes. As expected, it was a great way to read the temperature of the banking industry.

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Creating a Customer-Centric, Digital Financial Institution

Abrigo

I’ve found that attracting younger, millennial talent is almost like attracting clients,” said McBay. You can’t ignore an entire group, said Jill Hudson, Vice President of Loan Operations at Vision Bank, another panelist at the ThinkBIG conference. Technology, like banking, isn’t “one-size-fits-all.”

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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News

PYMNTS

The consumer bank will be divided into one section focused on consumer lending, and the other on branches and small businesses. In fact, more online payments mean merchants have less cash in the till. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. Is No-Factor Authentication Digital Security’s Future?

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Dick’s Sporting Goods eCommerce Business Grew 24 Percent In Q1

PYMNTS

With the lockers, customers can place an order online and pick it up in a store within an hour without having to work with a staff member. The new pricing update did not lend itself to big shopping days like Black Friday or Prime Day, but it did include all regular-priced items and their identical twins at other stores.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year.

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Affirm Challenges Retailers, FI’s To Practice ’Honest Finance‘

PYMNTS

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. Levchin also used its first-ever partner conference as the occasion to announce its Honest Finance campaign. “Finance is pretty broken.”. Starbucks sells a legal drug.

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Real or a Red Herring? What Should Banks think of the Fintech Threat?

FICO

Millennials hate banks, so much so that a majority would rather visit the dentist than listen to what banks are saying. New fintech products—across a wide range of areas including lending, wealth management, and payments—are going to lead to the unbundling of the financial services industry. Silicon Valley is coming.

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