COVID-19 accelerated demand that was already growing but megabank also saw the need for new digital twist on small business accounts.
COVID has squeezed traditional revenues and accelerated digital pay choices, forcing incumbents to modernize to stay competitive.
Women are underrepresented at all levels of the financial ecosystem, from leadership to founders to funding and services offered.
Even as digital usage rises, the largest U.S. credit union recognizes that nearly all consumers still want to deal with people sometimes.
Agency rule would halt decisions by institutions to boycott 'disapproved' industries, clashing with growing 'responsible banking' trend.
'COVIDnomics' expose more people to predatory lenders. With artificial intelligence traditional lenders can counter with advice and credit. Read Article
Essential curiosity lies at the root of gathering data that helps banks and credit unions develop strong prospects and personalize service for consumers. Read Article
Banks and credit unions shouldn't focus solely on creating a better mobile experience, but build a holistic relationship based on trust. Read Article
After baptism by COVID, mid-size banks' chief marketing officers share opportunities and challenges of budgeting and planning for 2021. Read Article
Well-known as a way to launch new initiatives more rapidly, agility also improves conversion rates and powers an institution's modernization. Read Article
Banks and credit unions must rethink the definition of ‘digital banking’ and prioritize investment in data, technology, people and processes. Read Article
'Plex,' a combined checking and savings product that plugs into the Google Pay wallet, pulls in more banks. Citibank explains its plans. Read Article
Moving beyond masks, financial institutions use technology to reduce the need for branch visits, and make people safer when they do come in. Read Article
With many banking employees still working from home, video meetings are the norm. But bad tech or employees' workarounds may cause leaks. Read Article
Entering a new banking league via a massive expansion of geographic reach, the big regional believes in-person relationships are stronger. Read Article
Consumers now expect value in return for providing more data, yet most financial institutions still think of 'privacy' as 'compliance.' Read Article
In the work-from-home reality, banks and credit unions that help employees understand what to do, and not do, will succeed in a video world. Read Article
Touchy feely messages sent by banks and credit unions early in the pandemic didn't produce solid results. Here's what might have produced. Read Article
Rough times mean stepping up your digital game to fend off fintech niche players and adding relationship managers who are effective remotely. Read Article
Tencent-backed WeBank is a great example of how digital technology and data can provide the foundation to serve underserved markets efficiently. Read Article
No institution can escape trouble – how they handle it is key. Among the toughest issues: discrimination, data breaches, money laundering. Read Article