2015

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Banks: An Eponym of Epic Proportions

Finer Points

When most people want a tissue, they say they need a Kleenex. When you cut your finger, you don’t say you need an adhesive bandage—you need a Band-Aid! When you need to make a photocopy, regardless of the brand of the machine, you make a Xerox copy. Many marketers would consider this a compliment, especially […].

Branding 217
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Unbundling, Fidor, and the Model for Approaching Financial Startups

Celent Banking

I´ve recently had multiple conversations with financial institutions about the trend of unbundling financial services by fintech startups. In fact, it’s hard to discuss the future of the industry without touching on it. Articles from Tanay Jaipuria , Tech Crunch , and CBInsights speak openly about inexorable disruption. They all tell a fairly similar story.

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Advice and Paper Pushing in Banking will be Killed by AI

Banking 4 Tomorrow

For over 100 years employment has been shifting out of big industry and into services. Whether agriculture, fishing, mining or in the last 50 years manufacturing, as processes become automated, we’ve shifted to jobs where humans matter. But in a world where the ability of a human is surpassed by artificial intelligence, there is a […].

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How to Have Fun in Banking: Gamification

Banking 2020

'Gamification. The very word is cringe-inducing, the epitome of a vaguely defined concept that consultants hype for a while but never actually has an impact. In fact, the term has to do with gaming mechanics (albeit in non-game contexts) which makes it even more fad-like. It’s also fair to ask what this has to do with banking anyway. We’re not here to play games and have fun, are we?

How To 87
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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Dear Grandma – Here are 5 things you need to know about EMV Cards

Javelin Strategy & Research

As the October 1, 2015, date for EMV liability shift looms , it seems like everyone is gearing up for this momentous event. Banks are issuing new EMV chip cards, merchants are installing new terminals, cashiers are receiving new instructions, and so forth. Everyone is getting ready — except us consumers. Many of us have received our new cards (I got mine just last week from Chase) but are not quite sure why they were sent since the old ones haven’t expired, and we wonder how the in-store shoppin

Cards 83

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The Choices LEADERS Make: 3 Ways To Stay Above The Small Stuff

Your Full Potential

Allegedly, when John Adams met George Washington for the first time just prior to the outbreak of the Revolutionary War, he turned to a colleague and told him that Washington “would be leading something someday.” We all know how that went. Some people are natural born leaders. I truly believe this. Of course, there is another viewpoint that leadership has to be learned.

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Lamu, Kenya and Amu Power: Part I

Bankelele

Earlier this month, I took a trip to the Lamu county at an invitation from the Gulf Energy side of Amu Power, and Gulf are the leading a project that will see the construction of a coal power plant that will generate 980 MW for Kenya. This is part of an ambitious project by the government to invest in and diversify its future energy generation capacity, from one that’s relied for years on hydropower dams and more recently to diesel, geothermal and wind power sources.

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The Confusing State of Bank Customer Service

The Financial Brand

New survey data suggests banks' customer service is good, and that banks have no reason to mention the word "omnichannel" ever again.

Survey 30
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FinovateFall 2015 Best of Show Winners Announced

Fintech Labs Insights

The Best of Show votes for FinovateFall 2015 have been cast and counted! After two days and 70 live demos of the latest in fintech innovation, our attendees have made their opinions known as to which companies have earned the title of “Best of Show” ( see footnotes for voting methodology ). This year at FinovateFall, it was the debuting companies that made some of the biggest impressions on our record-setting Finovate audience.

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Digital Bank or FinTech? You’re not a digital bank…

Banking 4 Tomorrow

If you listen to the Breaking Banks AM Radio Show today (also available via stream and podcast) you’ll hear a spirited rematch of the Great Digital Banking Debate that Michal Panowicz and I had on Twitter a few weeks ago. The debate concluded with a split decision – Twitter declaring the FinTech team the winner, […].

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The debate on the future of banking is not over, but it will be soon

Banking 4 Tomorrow

'How does one predict the future? Admittedly it is easier to predict what will happen 5 or 10 years from now, than 50 years, but at the same time, we’ve got trouble predicting what the stock market or weather patterns will do a few weeks from now, let alone the banking system. However, when we […].

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Future of Customer Experience in Digital Banking

Banking 2020

Digital banks are no longer in the ‘money’ business but rather, in the ‘value’ business. This value is not just providing a functional benefit but also a holistic experience, (i.e. ‘what, when and how’ of the benefit), that customer values in the experience-based economy. Unlike in the past, when more than two products from one bank made a customer loyal, customer behavior is fleeting and their expectations for digital banking is increasing every day, because technology is giving them numerous c

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Traditional Banks v. Alternative Lenders: How Goliath Can Beat David

Banking 2020

'Daily, I have been reminded by the government, that the signs of economic recovery are all around me. It certainly doesn’t feel that way, but it leads to an interesting discussion about economic change. Small business has always been the axiom of contributing factors to the success of the US economy. But in modern reality, the prevailing thought was that the economy had to be led by banks.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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AML personal liability—what can you do?

ABA Community Banking

'“You used to call me paranoid—pressure—but even you cannot avoid—pressure”* Compliance Blogs AML & Fraud BSA/AML.

Fraud 83
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U.S. fintech investment booming

ABA Community Banking

Gotham lights up: New York pulls ahead in fintech deal growth Management Financial Trends Technology.

Fintech 83
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Internet of things coming to banking

ABA Community Banking

Will the future be all about your things’ connections? Technology Blogs Making Sense of it All.

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Fintech demand exploding worldwide

ABA Community Banking

'While some banks embrace new tech, many lag Management Lines of Business Technology CSuite.

Fintech 83
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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Digital Marketing Trends for 2016 From 5 Influential Voices in Banking

The Financial Brand

The rise of digital tech and marketing has altered the way business is done around the globe — in almost every way possible. These advances, which are happening faster and faster, and will leave financial institutions behind if nothing changes. Banks and credit unions that are quick to adapt, and adopt proven effective digital marketing […].

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FinTech Unicorn List: 36 Companies + 34 More Closing In

Fintech Labs Insights

It’s been a year since we published the first fintech unicorn list. It includes companies (and exits) in the financial sector (either direct services or software) founded since 2000 and worth at least $1 billion (actually we are using $900 million as the floor). This year, the list has more than tripled to 36 companies, up 25 from the 11 last year.

Company 26
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FinovateSpring 2015 Best of Show Winners Announced

Fintech Labs Insights

Going into this year’s tally of FinovateSpring 2015 ballots, it was anybody’s guess which companies had won the hearts and minds of our attendees and would take home one of our coveted Best of Show awards. But after two days of great demonstrations of the latest in fintech innovation from companies near and far, the votes are in, and we want to be among the first to congratulate those startups and industry veterans whose technologies wowed our record-setting crowd at the City Nationa

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Mobile Apps Are The Branches Of The Future

The Financial Brand

'In an American Banker article titled Branches are Banks’ Last Big Differentiators, the author writes: “The main reason I remain pro-branch is pretty simple. Branches and the bankers they house are the only real differentiators that banks have. The idea that thousands of banks can thrive by shedding their branches and shifting to purely online, […].

Mobile 26
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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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Millennials, Mobile Channels & The Future of Financial Marketing

The Financial Brand

'A study of Millennial attitudes mobile banking services points towards the important changes banks and credit unions must make when targeting this critical consumer segment.

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Banking Rebundled

The Financial Brand

Today's banks will become the "attractors" of the future--firms that RE-bundle the emerging set of banking services, providing the front-end interface and back-end integration.

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RBS Is The First Bank in the World to Launch ‘Facebook at Work’

The Financial Brand

The Royal Bank of Scotland has announced a ground-breaking partnership with Facebook that will bring the social networking service to employees across the bank — everyone from chief executive Ross McEwan to back office workers and branch staff. Facebook At Work, a business version of Facebook, will be available to 100,000 staff across the bank […].

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Signifyd Raises $7 Million in Series A Investment

Fintech Labs Insights

E-commerce anti-fraud platform, Signifyd has raised $7 million in Series A financing from a squad of all-star investors including Allegis Capital, IA Ventures, Lucas Venture Group, QED Investors, and Tekton Venture, Finovate confirmed today. The investment takes Signifyd’s total capital to more than $11 million. Signifyd’s technology, which company CEO and co-founder Raj Ramamand has referred to as “fraudsurance,” automates the process of verifying identity, leveraging t

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.