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.

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. ?

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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.

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

How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

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?

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. The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […].

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. Key enablers include Pay with Venmo, which allows consumers to use the tool to pay at millions of e-commerce sites. […]. Carousel Payments Product Design Retail Banking Sales & Marketing P2P payments PayPal Venmo

A Core Transformation Strategy Session

ABA Community Banking

Five strategies for community and midsize banks weighing “what next?” The post A Core Transformation Strategy Session appeared first on ABA Banking Journal. for their core processing needs.

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 […].

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.

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. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments. Shoppers only pay a fee if they do not pay off […].

Holiday Push Will Test Amazon Expansion Strategy

PYMNTS

The eCommerce giant was already planning an expansion strategy, which the COVID-19 pandemic accelerated heavily. With the holiday season coming, Amazon is on track to face big challenges with shipping as the unprecedented demand of the pandemic continues, the Financial Times (FT) writes.

Shellfish Industry Tries DTC Strategy

PYMNTS

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

Building a Discipline to Drive Digital Banking Strategy

Gonzobanker

Instead, these players are focusing on specific niches, brand strategies and community connections to differentiate themselves. Digital strategy requires frequent monitoring of the local competition as well as national and best practice institutions that a bank’s customers can easily access.

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.

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. In a study released in December, Javelin argues that gamification is tool to help customers understand the longer-term evolution of their personal finance situations. It’s […].

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. Three of the group’s top leaders — the chief executive officer, the head of digital technology and the chief of digital customer experience — have moved to new roles or […].

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.

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. Australia-based Afterpay operates in several countries, including the U.S., and allows merchants to give shoppers a digital layaway option through installment payments. Shoppers only pay a fee if they do not pay off […].

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.

Why voice is integral to TD Ameritrade’s customer strategy

Bank Innovation

Artificial Intelligence Carousel Innovation Strategy Premium Retail Banking Amazon Alexa TD Ameritrade trading voice bankingAs financial services companies consider the next wave of interaction technologies, TD Ameritrade is making the case for voice as a channel. Over the past year, the company has invested in voice-based tools to allow customers to learn more about their portfolios. In July, the company rolled out a series of voice-based digital tools to […].

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.

Fine-Tuning ALM Strategies for 2020

Abrigo

Strapped for time to implement these strategies? Setting up your ALM model to satisfy regulators isn’t particularly difficult; however, getting the most mileage out of your institution’s ALM process can be challenging if you don’t recognize the strategies and benefits ALM can offer. By fine-tuning your ALM strategies, your financial institution can achieve its desired growth and profitability while mitigating risks. . Fine-Tuning ALM Strategies for 2020.

Factoring Lands In The Mix Of Firms' Late Payments Strategies

PYMNTS

Speaking with PYMNTS, Porter explored which industries have been struggling the most with delayed payments, and the opportunity for factoring to play a role in companies' broader working capital strategies as they seek solutions for their cash flow conundrums. For Porter Capital, the result has been a "less aggressive" risk strategy with companies in the retail space, as well as in the oil and gas sector, said Porter.

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.

Developing an MBL strategy

Abrigo

Since the new MBL rule from the NCUA went into effect in January, many credit unions are considering member business lending as a growth strategy. As discussed in a Sageworks whitepaper, “ Mitigating Top Member Business Lending Risks ”, developing a strategy is key to successful MBL growth. Whether you are developing a new MBL program or beefing up an existing one, an effective strategy plays an integral part to an MBL program’s success or failure.

How to differentiate your mobile payments strategy

Mobile Payments Today

Keith McAuliffe, the general manager of the financial services sector for Solace, believes it's necessary for providers to to cultivate the right experience for individual audiences

Changing Payments and Bank Strategy

Banker to Banker

BANK STRATEGY One item that should be on every bank’s strategic horizon is how to adapt to the changing face of payments. If you are one of those bankers that say, “Cash won’t go away in my lifetime,” you could be right. However, we would posit that the sentiment is the wrong way to frame the challenge and the rationalization that you don’t have to worry about cash, checks and the payment channel will likely lead you to disaster.

Is it better to have a great strategy implemented badly or a bad strategy implemented well?

Chris Skinner

I was at a presentation where Robin Speculand, Singapore-based author and speaker, asked: Is it better to have a great strategy implemented badly or a bad strategy implemented well? I raised mine for the … The post Is it better to have a great strategy implemented badly or a bad strategy implemented well?

How ZoomInfo Enhances Your ABM Strategy

For marketing teams to develop a successful account-based marketing strategy, they need to ensure good data is housed within its Customer Relationship Management (CRM) software. More specifically, updated data can help organizations outline key accounts for their campaigns. And to begin the targeting process, marketing teams must develop an Ideal Customer Profile (ICP) with appropriate firmographic and behavioral data to ensure they’re going after the correct audience.Download this eBook to learn how to start improving your marketing team's data!

Funding Circle surpasses $10b in loans, plans aggressive partnership strategy

Bank Innovation

The nine-year-old company plans to continue to develop its “partnership strategy,” Bernard Martinez, U.S. Carousel Corporate Banking Innovation Strategy Lending Premium Startups Funding Circle online lenders peer-to-peer lending recessionFunding Circle, the U.K.-based based peer-to-peer lending platform, hit a $10 billion milestone in loans to small- to medium-sized (SME) businesses on Thursday.

Customer Retention Rules Reopening Strategies

PYMNTS

Customer loyalty continues to be a recurring theme this week as retailers look to reopen and the latest monthly sales report shows another double-digit plunge. While some of the news around the topic stresses the importance of media opportunities to seal customer retention, one of the newest loyalty tactics uses emerging technology to promote in-store data capture. Loyalty platform Datavalet has created a new digital solution that turns presence detection into data.

Temenos Chief Strategy Officer Leaves Company

Bank Innovation

Ben Robinson, chief strategy officer of Temenos, has left the company. Robinson was a key member of Temenos’s innovation operation, taking a leadership role, among other responsibilities, in managing Temenos’s engagement with the fintech startup ecosystem. Bank Innovation believes he reported to Max Chuard, Temenos’s CEO. Robinson was based in Geneva, Switzerland, where Temenos is […]. Daily Post 2 Exclusive Experience & Design? Open Banking Temenos

Inside Wealthfront’s lifelong customer loyalty strategy

Bank Innovation

Robo-adviser Wealthfront wants to become the center of its customers' financial lives. To do so, it's steadily added products beyond its core investment offerings, including a personal finance management tool called Path and banking services. Now, the company is going full circle with its financial offerings by seeking to own the deposit relationships with its […].

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.