<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=142903126066768&amp;ev=PageView&amp;noscript=1">

3 crucial banking challenges; CFPB legal battle isn't over; Wells Fargo partners with Fitbit: Essential Banking News

By Thomas Walter on Jan 15, 2018 12:43:26 PM

Last week in banking we looked into the 3 crucial challenges facing banks in 2018 and more on the CFPB legal battle.

Continue Reading

3 Crucial Challenges Facing Banks in 2018

By Sandy Baker on Jan 10, 2018 1:28:30 PM

The banking industry, like many other industries, is poised to experience unprecedented change as it moves towards a digital industry. While most bankers have already begun to embrace a digital landscape, there is still a lot of challenge to come.The future of banking will include a number of new ideas and methods for accomplishing tasks on a grander scale. And, perhaps most importantly, the customer will be at the forefront of that change. Today’s average banking consumer expects more, demands it faster, and expects better results. Banks unable to compete with those meeting these demands will likely struggle to remain viable in the long term.

Continue Reading

Tech giants in financial services, use of AI in banking, a novel approach to auto lending: Essential Banking News

By Thomas Walter on Jan 8, 2018 10:43:21 AM

This week we take a look at the tech giants in financial services competing for your customer and how AI is being used in banking today.

Continue Reading

3 Words to Win Millennials: Better. Mobile. Banking.

By Jon Ogden on Jan 2, 2018 3:35:00 PM

We’ve said it before and it bears repeating: Millennials like mobile banking. They’re comfortable with it, they like the convenience it provides, and they’re willing to switch banks to get the mobile experience they’re after.

Continue Reading

2018 Banking Trends: What You Should Expect to See

By Sandy Baker on Dec 20, 2017 12:04:18 PM

Continue Reading

American Express pairs with Ripple, consumer lending in 2017, 10 trends in retail banking: Essential Banking News

By Thomas Walter on Dec 18, 2017 11:38:57 AM

Blockchain-based payments have been all the rage in banking the last few weeks and last week was no difference.

Continue Reading

A List of Financial Data Aggregators in the United States

By Jon Ogden on Dec 14, 2017 10:17:24 AM

Financial data aggregation has existed for decades, though many financial institutions still don't use it. In one sense, this is understandable. The problems with aggregation have historically been numerous, and in certain cases those problems still occasionally surface. However, because financial data aggregation enables users to see all of their accounts in one place, it's among the single best methods an institution can use to become their users' primary financial hub. Users want to log in, see all their finances in a single view, and log out.

Continue Reading

Student loan crisis, Van Saun's take on banking, voice assistants in banking: Essential Banking News

By Thomas Walter on Dec 11, 2017 12:00:42 PM

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.

Continue Reading

7 fintech accelerators that will boost your startup's growth

By Michael Harrington on Dec 6, 2017 4:18:24 PM

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.

Topics: fintech
Continue Reading

Convincing Millennials to Switch Banks: What They Need from You

By Sandy Baker on Dec 5, 2017 3:45:44 PM

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.

Continue Reading