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Required Fintech Reading: Dec 20 - Jan 2

Didn't follow fintech news during the holiday break? Here's a recap of the best articles you may have missed.


The Top 10 FinTech Milestones of 2014 (Slideshow)
Moven's Brett King highlights last year's biggest fintech events.

"Whether you believe the FinTech investments this year were $6Bn or whether you believe the bigger estimates of upwards of $18Bn, one thing is clear - FinTech is really hot right now. But it's only going to get hotter."


BofA at forefront of branch reduction trend
Kevin Dobbs and Tahir Ali, SNL Financial staff writers

"Bank of America Corp. Chairman, President and CEO Brian Moynihan finds himself on the front lines of a long march toward branch consolidation ... Customers, he says, echoing bankers across the country, increasingly prefer to do more of their routine banking business online or via mobile devices. So BofA must keep pace with this secular shift and meet its customers where they are choosing to operate."


Banks and Credit Unions Must Improve Cross-Sell Efforts
Jim Marous of The Financial Brand shows that financial institutions annoy account holders with irrelevant ads.

"Despite the fact that banks and credit unions have talked about the importance of cross-selling for decades, few institutions have a disciplined process to take advantage of cross-selling opportunities that can grow operating revenue from existing customers. For those organizations that do have a process in place, studies show that many are not targeting the offers to reflect insights readily available, thereby annoying some of the best customers."


The Payments Tipping Point Will Be In 2015
PayPal's Hill Ferguson writes in TechCrunch about the future of digital payments.

"2014 started changing the game for payments, and I believe we’re at an inflection point to push more payments than ever into the digital realm for 2015 thanks to innovations in authentication, shopping on social networks, and near field communication-based payment technology."


inShBigger Banks More Focused on M&A
Bank Director's Emily McCormick posts an infographic on big banks and acquisitions.

"Want to buy another bank? Get in line. The number of potential buyers far exceeds the number of banks willing to sell—but bigger banks are much more likely to focus on mergers and acquisitions (M&A) than small banks. Bank Director’s 2015 Bank M&A Survey, sponsored by Crowe Horwath LLP, queried more than 200 bank directors and senior executives to uncover the opportunities and challenges in today’s deal environment."


Source: http://bit.ly/1AjIg4b