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The decline of department stores is a sign of what's to come for laggard banks

By Jon Ogden on Jan 19, 2017 10:47:15 AM

Bloomberg.com just showed why traders are shorting department stores en masse, and the proof should concern banks that are still focused on branches. Put simply, department stores accounted for 9% of all retail sales in the early nineties but now account for less than 3%. At the same time non-store retailers (including Amazon.com) now account for over 10% of all retail sales.

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Three Macro Bank Tech Trends to Watch In 2017

By Kenneth Dabkowski on Jan 17, 2017 11:07:32 AM

The year 2016 was a banner year for bank technology lingo and acronyms.

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2017 Economic and Banking Trends to Help You Stay in the Know

By Jon Ogden on Jan 10, 2017 11:34:57 AM

In many ways, 2017 is looking up for financial institutions. Quarterly net income is trending upward, lending is up, the stock market is up, unemployment is down, interest rates have started to rise, etc.

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Treasury Nominee Could Have Far-Reaching Effects

By Jeff Meredith on Dec 7, 2016 12:03:00 PM

Treasury Secretary nominee Steve Mnuchin, a former head of Goldman Sachs’ mortgage-backed securities desk, banker, hedge fund manager and film financier, was no doubt a strange choice for a candidate who bashed Wall Street on the campaign trail and warned that Goldman Sachs controlled rivals Ted Cruz and Hillary Clinton. He also represents a sea change for a federal government that has regulated banks more stringently in the wake of the financial crisis and focused on limiting corporate tax avoidance over trimming rates.

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4 Fintech Trends to Watch in 2017

By Kenneth Dabkowski on Dec 5, 2016 12:09:11 PM

From Brexit in the UK to Trump’s election in the US, this year has been a wild ride for global capital, financial markets, and political institutions. As we look forward to 2017, let’s take a moment to step back and assess the impact of these changes on the financial technology marketplace. One thing 2016 taught us? Forces of convergence and divergence continue to push and pull at our interconnected world, generating new opportunities and risks for the fintech sector. Here’s what to watch in 2017:

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Navy Federal Named Best Overall Online Banking Leader By Javelin; BBVA Compass, Citibank, SunTrust and USAA Garner Financial Management Praise

By Jeff Meredith on Dec 1, 2016 3:06:01 PM

Navy Federal, USAA, Bank of America, Citibank, BBVA Compass, Bank of the West, BMO Harris, SunTrust and PNC lead the pack in the inaugural edition of Javelin’s Online Banking Scorecard, a competitive analysis of the nation’s top 30 retail banks and credit unions. Navy Federal Credit Union earned the 2016 Best Overall Online Banking Leader award while being awarded 67% of the total points possible. Javelin's scorecard assesses more than 200 features offered by FIs across the categories of Financial Management, Money Movement and Customer-First Banking, the latter encompassing personalized guidance from product selection to financial well-being.

Topics: Technology
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CFPB Launches Inquiry Into Challenges Consumers Face In Sharing Access To Their Digital Financial Records

By Jeff Meredith on Nov 18, 2016 12:57:46 PM

If financial institutions make it difficult for consumers to share access to their digital financial records, they’ll be blocking a new generation of consumer-friendly products and services, warned Consumer Financial Protection Bureau director Richard Cordray at a field hearing in Salt Lake City yesterday.

Topics: fintech
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How the Trump Election Changes Banking

By Kenneth Dabkowski on Nov 15, 2016 4:36:50 PM

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Banking APIs Resources and Blockchain: Getting Into the Weeds

By Kenneth Dabkowski on Nov 11, 2016 10:19:17 AM

Every week, financial services companies are launching new and improved APIs (Application Program Interfaces). Some APIs are aggressively targeting service lines or sector market share and others are targeting customers by addressing needs with greater efficiency. Financial firms have been late to the game, but most now realize that business sectors and revenue centers could be disrupted if they do not launch progressive API and Banking as a Platform (BaaP) initiatives.

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Essential Fintech Reading: Oct 28-Nov 4

By Jon Ogden on Nov 4, 2016 3:59:50 PM

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