JPMorgan: A Digital Strategy Without A Data Strategy Is No Strategy

PYMNTS

To get there and to have a coherent and comprehensive digital strategy, J.P. In the end, Davis said, no firm can have a digital strategy without a data strategy. These are busy days for Lisa Davis , managing director, head of digital channels at J.P. Morgan Chase.

Strategies to accelerate cloud adoption

Accenture

The post Strategies to accelerate cloud adoption appeared first on Accenture Banking Blog. Banking on the skills to support cloud To stay competitive and effectively drive digital transformation agendas, banks must dramatically accelerate their move to the cloud.

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Open Banking: Strategy and Presentation

Chris Skinner

Open Banking Strategy and Business Model from Chris Skinner And just in case it doesn’t make sense, here’s a … The post Open Banking: Strategy and Presentation appeared first on Chris Skinner's blog. I haven’t given away my slides and presentation for a while, as it’s part of my unique armoury, but I’m bored with my latest slide deck so here it is. ?

Digital Maturity + COVID-19 Resilience = Strategy

Accenture

The post Digital Maturity + COVID-19 Resilience = Strategy appeared first on Accenture Banking Blog. This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world.

Make Payment Optimization a Part of Your Core Payment Strategy

Everything you need to know about payment optimization – an easy-to-integrate, PCI-compliant solution that enables companies to take control of their PSPs, minimize processing costs, maximize approval rates, and keep control over their payments data.

Fast follower strategies = final failures

Chris Skinner

I was having dinner with a friend the other night, when he asked me: “what do you think about the fast follower strategy?” He then added that the major bank he’s working with are proud that this is their strategy. Now, here’s … The post Fast follower strategies = final failures appeared first on Chris Skinner's blog. I said it was stupid and doesn’t work.

Facing pressure, HSBC rethinks US strategy

Bank Innovation

Carousel Innovation Strategy Payments Retail Banking digital banking HSBCHSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5 billion in costs and reallocates capital away from underperforming units.

PayPal highlights Venmo profit strategy

Bank Innovation

In a fourth-quarter earnings report Wednesday, PayPal CEO Dan Shulman told investors the company is pushing ahead on its Venmo monetization strategy. PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability.

How to determine cloud strategy and get the most value

Accenture

In this post, I will outline the considerations for a successful cloud strategy, potential value and overall challenges. The post How to determine cloud strategy and get the most value appeared first on Accenture Banking Blog.

GameStop Strategy Focuses on eCommerce, Fulfillment

PYMNTS

GameStop , the world’s biggest video game retailer, is focusing its strategy on eCommerce and fulfillment after adding new C-suite talent scooped up from Amazon.

10 Keys to AI Success in 2021

Capitalizing on the incredible potential of AI means having a coherent AI strategy that you can operationalize within your existing processes. Learn how organizations are overcoming hurdles and realizing the enormous rewards that AI can bring to any organization.

Creating an omnichannel marketing strategy for banking

Mobile Payments Today

Omnichannel marketing is a key factor in reaching and retaining customers today. Whatever channel a customer may be using, there is one thing they expect: a personalized experience. Mark Aldred, head of international sales for Auriga shares his insight on this topic

Three strategies to profit from payments disruption

Accenture

The post Three strategies to profit from payments disruption appeared first on Accenture Banking Blog. The world of payments is in turmoil, with no end in sight.

How Will New Overdraft Strategies Impact Consumers?

Independent Banker

Bolstered by a renewed interest in consumer protection initiatives by some legislators and some speculation of potential changes in regulations, the idea of a “no fee” overdraft solution as a marketing strategy might seem tempting. By Cheryl Lawson, JMFA.

Afterpay taps Marqeta to fuel US growth strategy

Bank Innovation

Carousel Innovation Strategy Payments Premium Afterpay Marqeta payments VisaMarqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America.

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

What happens when talent strategy has Board oversight?

Accenture

Historically, workforce and talent strategy has been siloed within the HR function. The post What happens when talent strategy has Board oversight? Uncategorized Future Workforce Net Better Off Talent Management Workforce strategy

Full-Service Restaurants Adopt QSR Strategies to Retain Omnichannel Customers 

PYMNTS

In the early months of the pandemic, as ordering shifted online, quick-service restaurants (QSRs) had the advantage. With a model already highly dependent on off-premise ordering, the shift towards speed and convenience only bolstered their value proposition.

Banks are underusing gamification, Javelin Strategy says

Bank Innovation

As banks seek to build relationships with customers, they’re not fully exploiting the potential of gaming as a strategy for loyalty and retention, suggest analysts at Javelin Strategy & Research.

The Content Acquisition Strategy

Banker to Banker

If you want to get ahead of a trend, consider investing in content for your bank. Content is the new growth accelerator in banking and banks would be wise to start small now, experiment, and learn the ways of the future. Content is the missing piece of growth acceleration and helps not only acquire new customers but slows turn while helping build a brand. In this article, we look at the formula for using content, some examples, and a game plan for blowing past your competition. . The Concept

The Empowered Consumer

When it comes to working with the empowered consumer, AI has the power to help your business thrive by leveraging your own data to better understand your customers. Read our ebook, The Empowered Consumer, to learn more about how AI can help you connect with your customers.

JPMorgan revamps digital strategy team after three leaders exit

Bank Innovation

is staking its consumer-banking strategy on digital technology. Automation Bloomberg Carousel Innovation Strategy Retail Banking JPMorgan JPMorgan ChaseJPMorgan Chase & Co. In 2020, that push will be spearheaded by a new team of executives.

Open Banking and CDR: How to adapt your channel strategy

Accenture

The post Open Banking and CDR: How to adapt your channel strategy appeared first on Accenture Banking Blog.

Wells Fargo taps Williams to drive digital strategy forward

Mobile Payments Today

Wells Fargo is looking to focus its digital banking strategy as it emerges from the COVID-19 lockdown and completes an organizational restructuring

Digital and human: Inside BofA’s small business strategy

Bank Innovation

It’s a strategy that’s yielding results for the bank. Carousel Corporate Banking Innovation Strategy Lending Bank of America BofA small business bankingDigital-only lenders tout the speed and efficiency of their user experiences. However, for Bank of America, a “human-digital” approach is the cornerstone of its small business banking approach. As of this year, Bank of America said it surpassed Wells Fargo as the nation’s top small business […].

Democratizing AI for All: Transforming Your Operating Model to Support AI Adoption

Democratization puts AI into the hands of non-data scientists and makes artificial intelligence accessible to every area of an organization. With the emergence of enterprise AI platforms that automate and accelerate the lifecycle of an AI project, businesses can build, deploy, and manage AI applications to transform their products, services, and operations. But in order to reap the rewards that AI offers, it is essential that businesses first address how their organizations are set up, from their people to their processes. Democratizing AI through your organization requires more than just software. It may require changing your operation models and finding the right guidance to realize the full breadth of capabilities.

Marketing Strategies to Drive Loan Volume

Independent Banker

It’s possible to attract highly engaged consumers if you have the right products and marketing strategy. These days, deposit growth is a boon for consumers and a burden for banks — we see it in the data over the last 18 months.

Afterpay taps Marqeta to fuel US growth strategy

Bank Innovation

Carousel Daily Post 1 Innovation Strategy Payments Premium Afterpay Marqeta payments VisaMarqeta, a card issuing and processing startup, is partnering with installment lender Afterpay to provide payments solutions for merchants in North America.

Voya Expands Its Health Business With Benefit Strategies Purchase

PYMNTS

will purchase the third-party health savings and spending accounts administrator Benefit Strategies, Voya announced in a Monday (May 10) press release. Roughly 150 Benefit Strategies employees, including Founder and Chief Executive Paul Smith, will join Voya once the sale closes.

Shellfish Industry Tries DTC Strategy

PYMNTS

As the U.S. shellfish industry was headed into 2020, the big concern was climate change.

What We Learned From Our Own Data-Driven ABM Strategy

ZoomInfo has created the following eBook to help other B2B organizations gain insights on how to launch their own data-driven ABM strategy. In this eBook, we will reveal the good and the bad from our own campaign and highlight some key takeaways on how to improve your ABM strategies moving forward.

Hong Kong’s FinTech Strategy

Chris Skinner

So I was intrigued to see Hong Kong issue their FinTech strategy today. It will be important for Hong Kong to seek new job and business … The post Hong Kong’s FinTech Strategy appeared first on Chris Skinner's blog. It shows how important FinTech is when major financial centres vie for focus. London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes.

Uber And Lyft’s Strategies Diverge To Ride Economic Recoveries

PYMNTS

Investing for growth is a strategy that pays dividends — eventually. But it’s important to look under the hood and see what’s powering results, and two divergent strategies. Maybe.

Considerations for an effective cloud strategy

Accenture

The post Considerations for an effective cloud strategy appeared first on Accenture Banking Blog. Today, virtually every organisation is on a journey to cloud. But what’s the best way to map out and navigate that journey?

What COVID-19 Might Mean For Your Branch Strategy

Banker to Banker

As such, most every bank will be forced to rethink its branch strategy. Chances are you were already reducing the number of your branches.

2020 Database Strategies and Contact Acquisition Survey Report

As buyer expectations continue to heighten, marketing and sales teams are feeling pressured to deliver authentic messaging to buyers at every point of their customer journey. This report aims to highlight the current state of B2B database and contact acquisition strategies, and organizations’ goals to leverage data to fuel their go-to-market strategies in 2020 and beyond.