Mortgage lenders seek new strategies and technologies to deal with changing borrower demographics and streamline the homebuying
Account-to-account (A2A) payments reduce interchange income and could hasten the decline of payment cards, but also bring new
The most formidable challenge of digital transformation isn't technology, but having the right people with the right
Data from a comprehensive Federal Reserve study puts real numbers behind the massive changes in consumer and business payment
After record spikes, the numbers plummeted. But the overall trend masks very different scenarios that banks and credit unions must
Just as more Millennials are finally looking to become homeowners they find starter homes have been grabbed by retirees or
A new report flags the skills gap financial institutions face as the industry becomes more tech driven. Altering hiring criteria is
Mortgage-as-a-service gets a big boost, giving community financial institutions new options, and confirming the value of a human
For institutions, ITMs help with staff shortages, market growth and branch efficiency, but few consumers use them. Those that do, like them.
Banks and credit unions must adapt to technology and demographic changes as the frenetic home-buying boom
Chase, First Horizon, Live Oak Bank and others have shifted major parts of their core systems to the public cloud, marking a turning
The fast-growing BNPL market, popular with Millennials and dominated by fintechs, is already siphoning billions in revenue from
New data confirms many of this group seek larger living space, yet Covid has added extra hurdles that mortgage lenders must understand.
The pace of digital transformation will rocket as vastly increased network speed and connectivity empowers both banks and their
Desperate to meet demands for advanced digital experience, they eye new options. The big core providers respond, but will it be fast
The short answer: They want it all. But while change continues rapidly in the key payments arena, even their traditional methods hang
A situation few predicted has financial institutions large and small scrambling to manage a historic imbalance between loans and
Don't toss out your currency-counting machines yet. Use of cash, that decidedly old-school form of payment, is seeing new signs of
Three factors are key: realistic cost assumptions, an outside-inside strategy, and staff understanding of the new look, name and
RTP is accelerating in the U.S., prompting new interest among community institutions and causing the Fed to advance the FedNow timeline.
In-office work is returning to banking, but most expect the post-pandemic workplace to continue to include remote work in some hybrid
With big banks on the sidelines, several hundred financial institutions already involved could have a head start if a new law is passed.