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The Impact of Mobile Card Apps On FI Customer Retention

PYMNTS

In the past 90 days, Lesher said, 51 percent of new accounts have been opened at megabanks, 18 percent at digital banks, 15 percent at regional banks and just 10 percent at credit unions and community banks. And lastly, COVID-19 has pushed the majority of commerce online, which can be bad news for smaller financial institutions (FIs).

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How You Handle Fraud Will Make Millennials Drop or Love You

FICO

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. In Millennial parlance, that’s “harsh.”.

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Thought starter: Top challenges accountants face and actionable ideas to solve them

Abrigo

Thomas focused on three key issues directly affecting the present and future of the accounting industry – increased regulations, a shifting workforce, and changing continuing education – as well as some thoughts on the opportunities these challenges offer. Image source: Rubiks.com. Blog Accountant'

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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. More than likely, your bank has a mix of borrowers: some might prefer to do everything online, while another share of customers prefers traditional banking.

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Main Street?s Digital Shift, ATM Innovation, PPP Loans Top This Week?s News

PYMNTS

Companies that didn’t have online shopping channels couldn’t sell their products, while eateries that didn’t provide online ordering for delivery or pickup couldn’t serve their diners. Paper-based disbursements sent in the mail are many times slow to reach patients, presenting a problem for healthcare providers and consumers.

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The Race For Singapore’s Digital Banking Licenses

PYMNTS

The move follows Hong Kong’s early 2019 decision to issue digital banking licenses as the two economies are strong competitors in the region. There are some 630 million residents in that region. Insignia Ventures Partners; and Carro, an online car marketplace.

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Why getting digital banking right could prove vital in the Gulf

NCR

Like many regions across the globe, the Gulf is currently going through a period of change in the banking industry, which is presenting challenges for local institutions but also creating opportunity. Standing out in a crowded marketplace. Digital demands. Image: mdgomes via iStock.