Banking is what we do and technology is how we do it
Chris Skinner
FEBRUARY 13, 2020
A decade ago, we talked about the financial crisis, technology, regulations and compliance.
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Chris Skinner
FEBRUARY 13, 2020
A decade ago, we talked about the financial crisis, technology, regulations and compliance.
Chris Skinner
SEPTEMBER 1, 2019
They are actively engaged in ‘going digital’, but she was sharing with me that the bank’s executive team had no idea what going digital means. Being brutally honest, she told me she had no idea what it means either. I was … The post We just haven’t got a clue what to do!
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Jeff For Banks
DECEMBER 28, 2023
Many of my readers might not know what my firm does, so I want to dedicate this post to the problems we help community bankers solve. Here is what The Kafafian Group does: Performance Measurement - We measure a financial institution's line of business and product profitability on an outsourced basis.
Chris Skinner
AUGUST 2, 2017
They think the world is coming to an end and that mankind will have nothing to do when the robots do everything. Can … The post What will we do when we don’t need to work? Most are pessimists, and I’ve referred to them a few times now. appeared first on Chris Skinner's blog.
Advertiser: Data Robot
We do not know what the future holds. But we can take the right actions to prevent failure and ensure that AI systems perform to predictably high standards, meet business needs, unlock additional resources for financial sustainability, and reflect the real patterns observed in the outside world.
Chris Skinner
JULY 25, 2016
He continued then to say something that I hear quite often: “but what do we do about the people”. Just as … The post As branches close, what do we do with the people? He said to me that he could see the digital revolution happening, and wants to embrace it. All well and good.
BankUnderground
OCTOBER 12, 2020
Gary Harper, Pedro Gurrola-Perez and Jieshuang He What is a settlement fail? Worse yet, because you’ve missed … Continue reading Left feeling unsettled: what are settlement failures, how prevalent are they, and what do we do about them?
Celent Banking
AUGUST 27, 2015
What struck me was how ineffective the checks were currently. How many people can spot fake ID, or know what a, say, Latvian national ID card looks like? Whilst accounting for 21.4% or $6.187 trillion of total volume last year, the US accounted for 48.2% billion of gross losses worldwide on plastic cards. Zil has – and will!
Perficient
SEPTEMBER 21, 2023
But guess what? It’s not new news and it doesn’t need to be complicated; it’s just a revolution of how we leverage data! The Data: The Gas That Makes the AI Go What good is a stand-alone AI tool for businesses if it isn’t grounded in trusted, contextual data? intelligence automation).
Advertiser: Data Robot
Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.
Perficient
MARCH 1, 2021
” We can all agree that the most impactful messages need to come at the right time. It’s not just knowing what you aren’t allowed to do, but more importantly what is allowed. We instinctively know that the right time for the overwhelmed consumer is when they need to hear your message.
Perficient
MARCH 12, 2021
If your business doesn’t have any clearly established goals, then the first step is to ask, “What is commerce to my business?”. What if we determine that we have an opportunity to reduce the cost to serve the channel by adding a channel partner portal? Do we have the right technologies in place to support this vision?
BankNXT
JULY 25, 2016
As customers move to mobile and remote access, what will happen to banking staff when we shut branches? As branches close, what do we do with the people? Chris Skinner looks at some interesting statistics. on BankNXT.
Perficient
MARCH 22, 2021
After a year unlike anyone ever anticipated, I sat down with Perficient’s Vice President of People Andrea Lampert , to learn more about the inspiration behind the work Perficient recently invested in refining our People Promise, a meaningful and aspirational statement that captures the essence of who we are and who we aspire to be.
Perficient
MAY 13, 2021
They should be asking themselves: Do we have segmentation and data analytics to better understand who is delinquent? What are my customers’ banking preferences, and what are their financial needs? Do we have technology channels our customers can leverage without requiring them to speak with an agent?
South State Correspondent
APRIL 30, 2024
Community banks do this profitably by turning transactional accounts into relationships. We will share what we believe are the important parameters when considering a hedging partner for a community bank. Third, we believe that community banks should be suspect of vendors that require service exclusivity.
South State Correspondent
APRIL 30, 2024
Community banks do this profitably by turning transactional accounts into relationships. We will share what we believe are the important parameters when considering a hedging partner for a community bank. Third, we believe that community banks should be suspect of vendors that require service exclusivity.
Perficient
JUNE 22, 2020
In this post, I’ll share what you need to know to build your Now/New/Next portfolio. In order to do that, you need some insights to help you come to terms with the experiences you deliver, those that your competitors and others bring, and make an honest assessment of how well you’re keeping up. What Experiences Are You Delivering?
Perficient
FEBRUARY 10, 2021
The issue is you don’t have the in-house cloud capabilities to do that or manage the infrastructure once you do. What Are Managed Services? We just said you need managed services – what are they? You will have a set monthly cost that you will be able to budget for that is often lower than what you already pay.
Perficient
MAY 2, 2022
Last week, we introduced our blog series on insurance commerce. We discussed the need to consider all the commerce activities that take place before the customer engages in a purchase. Competitive Market Situation – What is known and validated about what direct competitors are doing in this space?
Chris Skinner
APRIL 13, 2020
We are all stuck indoors, and I wonder what you are doing? What are you doing? One of they key things to do, and my other hobby, is keep up with ideas as, during this lockdown, there is still a lot of … The post What are you doing during the #lockdown?
Perficient
JANUARY 26, 2022
When I asked Kevin Colletti, a digital strategist at Perficient whose past roles included head of digital strategy at ING (now Voya), what set companies like TD Bank apart from some of its competitors, he said, “It comes down to a few things that fall under what we at Perficient call ‘journey science.’
Accenture
SEPTEMBER 7, 2022
Every bank of every size in every market will soon be forced to make a high-stakes decision: What should we do about super-apps? And as we describe in our latest report on the top…. A bank’s answer to this simple, powerful question could mean nothing less than rewriting its strategy and rewiring its business model.
Perficient
NOVEMBER 8, 2021
MM: What brought you to the U.S.? MM: Now I have to ask, what kind of dog do you have? MM: Now I have to ask, what kind of dog do you have? What did you do in Denmark, and when did you return to the U.S.? I wanted to do something different, and I had always wanted to go back to the U.S.
Perficient
MARCH 15, 2021
As we continue our series of posts on making HIPAA work for you, I am going to address a common problem we hear from health care marketers: “My board/boss/CMO/Legal Counsel says we cannot use patient data for marketing communications.”. We know mistakes can happen. We know breaches happen. This is a tough one.
South State Correspondent
MARCH 21, 2024
However, those banks that do are religious about it and as a result, it ends up increases their product acceptance rate and increasing margin. In this article, we will look at some pricing tactics, the data behind the tactics and how banks best employ these psychological moves to increase earnings and conversions. instead of $10.00
Perficient
NOVEMBER 17, 2020
In this post, we explore the value of empathy: revealing how users think, perceive, and interact with digital products and how those product experiences help make their lives easier. The Segway is still really cool, but do you know anyone who owns one? so you can first ask: “What problem does this solve for my customer?
Perficient
AUGUST 24, 2020
The idea being that if there is a gap in your strategy then the obvious next step is to discuss your vision for it and what you are going to do. Too often, we make decisions in a vacuum. At Perficient we think of insights in three ways: Market: what’s happening in the marketplace? Is it up to date?
CFPB Monitor
DECEMBER 3, 2020
After looking at the differing approaches of the former and current CFPB Directors to using the CFPB’s authorities, we look ahead to how the CFPB’s leadership is expected to change in a Biden Administration.
Perficient
DECEMBER 19, 2023
That’s why we are excited to share that Perficient has been named a Major Player in the IDC MarketScape: Worldwide Experience Build Services 2023–2024 Vendor Assessment and IDC MarketScape: Worldwide Experience Design Services 2023–2024 Vendor Assessment reports. What Does This Inclusion Mean for Perficient?
Perficient
JUNE 12, 2020
In addition to the tremendous pride, there is a true service mentality and really smart people doing amazing work.”. We sat down with Andrea to learn a little bit more about her and her new role at Perficient. What does a VP of People do? How will our clients benefit from the type of work you’re doing? A company?
Chris Skinner
APRIL 7, 2020
I’ve spent my life in an economy that focuses upon money, greed, growth and profit … what was that all about? We are suddenly living in a world where everyone is being told to stay home and do nothing … and get paid for it. Well, if you’re in a … The post What happened to capitalism?
Perficient
JANUARY 3, 2021
In today’s blog, we’ll discuss what a breakout room is used for, how to create one, how to assign people to a specific breakout room, and how to start/open and close your Breakout Rooms. What is a Microsoft Teams Breakout Room? How do I create a Breakout Room? How do I start/open my Breakout Rooms?
CB Insights
DECEMBER 24, 2016
Do you work in tech? Ever wonder what your parents think you actually do and what your company does. And so we asked our parents the following 2 questions: What does CB Insights do? And what is my … Continued.
Perficient
SEPTEMBER 28, 2020
We believe that there tends to be a gap in strategy when a business strategy meets the operational elements. Today we are going to transition from insights to ideas. Think of it in terms of some friendly descriptors: Explore: explore options, define your customers’ experience, understand what you are trying to achieve.
Perficient
JULY 31, 2020
It doesn’t matter what your cultural background is, we humans love our dumplings. So do the people on your teams. What if the conversation started with that shared love and went from there? What if the conversation started with that shared love and went from there? We block ourselves.
Perficient
DECEMBER 16, 2020
But how do you accelerate and scale your transformation cost-effectively? T his year’ s State of Agile Report reveals that 82 percent of companies do not use Agile practices across the ir organization s. . This scenario is actually positive because as their nearshore development partner, we build the solution together.
South State Correspondent
DECEMBER 14, 2023
” This article explores the methodology and shows you what this analysis means for a typical bank. RFM Customer Segmentation breaks down into the following components: Recency: We wrote in depth about it HERE. Frequency: The more engaged a customer is with your bank, the more likely they are to do business with you.
Abrigo
OCTOBER 19, 2023
Along with these recognitions, Abrigo won “Best Support” and “Easiest to Do Business With” badges for its loan origination platform. What is a G2 award, and why is Abrigo so proud of this win? Our institution catches more suspicious activity and files more SARs than we did when monitoring customer activity manually,” read one review.
Perficient
MARCH 2, 2021
Watch to learn why upfront planning is critical to success, what questions you need to ask, and how the right plan can help you minimize traffic loss and maximize the long-term potential of your site. ? ? ? ? ? ?. We Have Answers. We have migrated and re-platformed hundreds of websites. Matt, what do you think?
Perficient
JUNE 8, 2020
When cities went into lockdown and businesses scrambled to understand how and IF they could operate, we published a series that discussed what businesses should consider to address immediate, midterm, and long-term impacts of the pandemic. We all know a lot more now than we did then. What about your customers?
Chris Skinner
FEBRUARY 15, 2020
The main blog headlines are … Banking is what we do and technology is how we do it A decade ago, we talked about the financial crisis, technology, regulations and compliance.
Perficient
JULY 14, 2020
We’ve all been there. Turns out, that piece of information lies in another system, with its own login workflow and going to get it would require you to switch focus, possibly getting you out of “the zone” What if you could bring that information to you? What if that data came to you, was governed, and secured?
Perficient
MARCH 8, 2021
The other day a question came up on what extra due diligence do we need to do as we adhere to HIPAA compliance requirements. My first thought was that, of course, we do comply by embracing that extra due diligence in everything we deliver. or “What car did you buy in 1999?”.
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