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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. These striking designs paid for themselves in media exposure.

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Conducting Experiments in Credit Management: 4 Best Practices

FICO

As credit issuance, account management and collections enter the digital age, the opportunity for innovative experimentation is accelerated and made more complex by the wide range of data and decision points a digital platform enables. Solve for the Problem, Not the Solution. Why this is important?

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The ICBA 22/23 executive committee is all in

Independent Banker

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. It’s an honor to work with them as we focus on advocacy, education and innovation for the community banking industry. For instance, ICBA is calling for congressional hearings on the credit union tax exemption.

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7 Rules To Improve Total Experience Using the “Time-on-Task” Methodology

South State Correspondent

While these rules were derived from improving time-on-task, they can enhance bank performance no matter what metrics a bank uses for customer, employee, or total experience (the combination of employee and customer experience). Design or pick the fastest customer experience.

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SourceMedia’s Small Business Banking Conference Show – No Shortage of Innovation

William Mills

Customer experience, automation, machine learning, artificial intelligence (AI), ease of use, flexibility – all of these were part of the discussions at this year’s SourceMedia’s Small Business Banking Conference in Austin, Texas. AI Foundry. www.aifoundry.com. Think Quicken Loans® on steroids but for small business lending.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

” These pre-crime events including emails, SMS, logins, website clicks, social media, banker conversations, and call center inquiries. By taking a “fusion” approach, banks can combine the record of these events at the bank and customer levels with the money movement and account information.

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Zopa Partners with Equifax, Boosting its Risk Profiling Capabilities

Fintech Labs Insights

. “Its in-depth understanding of our business needs, coupled with the strength of its data, plays a vital role in ensuring we offer the best customer experience possible.” customers. A few metrics from Zopa: Over £1 billion lent to U.K.