This week we look into the the affect of the student loan accumulation on homeownership rates and Bruce Van Saun's take on the latest in banking.
Student loan crisis, Van Saun's take on banking, voice assistants in banking: Essential Banking News
The growth of Fintech
Despite the fact that most people associate the term “fintech” with their favorite mobile banking app, technology has been an important factor in financial services for decades. Starting as early as the 1950s with credit cards forever changing the way consumers spend money, technology has forever changed this space.
Today's financial industry is facing significant competition from rival banks, online banking options, and credit unions. What sets one apart from the next, from the Millennials' standpoint, may not be what you think. Today's Millennial is more than willing to switch banks, as they are far less loyal to using the same one they've had or the one their parents had. But, to get them to switch, financial insinuations need to offer cutting-edge technology, connectivity, and a high level of innovation. In other words, Millennials want banks that make banking easy, connected, and seamless.
Last week, a midst the rise in Bitcoin, bankers continue to caution buyers and President Trump gets the opening victory in the CFPB legal battle.
Social media marketing over the last few years has been integrated into most marketing strategies. It has proven to be influential but with best practices continuously evolving, it has left industries, including banking, scrambling to nail down the current trends of each platform. It is difficult to stay on top of, but this ought to help. Here are 3 trends in social media that the banking industry is missing out on.
The financial industry has long been plagued with limited digitalization and modernization. Though all banks use quality software systems today, many have yet to embrace the latest round of innovation – artificial intelligence.
In what was an eventful holiday weekend, we look into the historic Bitcoin valuation and what the deal is between the CFPB and the president.
Our mission at MX is to empower the world to be financially strong. To do this, we work with digital banking providers, fintech companies, and financial institutions to build products that help millions of people manage their money. While people in the industry may refer to these products as digital money management or data-driven money management, traditionally the category has been known as personal financial management (PFM).
Last week we saw a new leader of the Office of the Controller of the Currency voted in.
The banking news last week potentially shifted the recent narrative on peer to peer lending.