Sun.Aug 08, 2021

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Delight customers with easy and invisible payment experiences

Accenture

In early 2020, when the COVID-19 pandemic shut down many everyday services, people discovered new ways of doing things—like grooming their pets or styling their own hair. Doing these things involved mainly online purchases. The way they made their regular purchases changed too—for example, getting their groceries delivered to their door or picking them up curbside.

Payments 506
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Independent Loan Review & Credit Risk Review System Objectives

Abrigo

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Would you like other articles on loan review in your inbox? Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. Takeaway 2 However, a loan review or credit risk review program should accomplish several key objectives.

System 195
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Why banking’s ‘electric car moment’ will create new winners and losers

Accenture

No matter what they drive, bankers today should pay attention to the electric car space. It’s a striking example of how an innovator with a tech edge and strong sense of purpose can upend a mature industry and force incumbents to compete on their terms. When most incumbent automakers were still dismissing electric cars as a novelty, Tesla was positioning itself to create….

Examples 352
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Labour accuses Philip Hammond of breaking ministerial code

TheGuardian

Former Tory chancellor reportedly wrote to Treasury to advocate for a bank he is a paid adviser for The former chancellor Philip Hammond has been accused by Labour of breaking the ministerial code, after reportedly writing to the Treasury to advocate for a bank he is a paid adviser for. The former MP, who is now a Conservative peer, became the latest figure embroiled in questions over lobbying, following a government-commissioned review which found the rules regarding access and influence of pol

Report 76
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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How Banks Will Become Irrelevant in Next Decade

The Financial Brand

To survive, banks and credit unions must build the digital infrastructure and competitive mindset that can make an organization future-ready. The post How Banks Will Become Irrelevant in Next Decade appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Bank of America Grabbing 1 in 3 Gen Zs and Millennials with Mobile

The Financial Brand

Megabanks are winning greater checking market share as younger consumers become the majority. But all is not lost. The post Bank of America Grabbing 1 in 3 Gen Zs and Millennials with Mobile appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Do Traditional Institutions Still Have a Chance to Win the Banking War?

The Financial Brand

Even without neobanks, it’s a tough fight out there as digitally-focused institutions duke it out with traditionals for market share. The post Do Traditional Institutions Still Have a Chance to Win the Banking War? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Should Financial Institutions Require Employees to Get Vaccinated?

The Financial Brand

Half the U.S. population is fully vaccinated, but worries and confusion grow over a Covid variant. Here's how some banks are reacting. The post Should Financial Institutions Require Employees to Get Vaccinated? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.