Rising use of mobile and online channels for everything makes it critical financial institutions take the lead on digital identity technology.
Banking Trends & Strategies
The latest trends and strategies in banking, with ideas, insights and research senior executive bank management teams need to build their strategic plans.
Common wisdom says economic uncertainty means smaller marketing budgets. But Comperemedia says the bold should double down for growth.
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Many small businesses that are suffering as a result of COVID-19 need a partnership with their financial institution in order to survive.
The upstart challenger bank becomes the first to get OCC approval. Banking experts and Varo's CEO explain the potential impact.
Has your bank or credit union tried out cloud computing? It's a critical part of the digital transformation journey for financial institutions, says IBM's Global Chief Technology Officer and Margaris Ventures' Spiros Margaris.
Early financial support averted a depression, but conditions will deteriorate, impacting bank and credit union profits. How to prepare now.
The escalating impact of the coronavirus pandemic, plus other economic trends, will challenge bank and credit union marketers for years.
Banks and credit unions balance digital solutions with physical locations, using remote technologies to enhance both.
Moving financial institutions into the 'new normal' means building on what still works from the 'old normal' and adopting coronavirus lessons.
Slapped by layoffs and furloughs, the youngest American workers will squeeze every nickel harder but they'll still spend.
COVID-19 has elevated digital payment use. To fully benefit, banks and credit unions need both great user experience and better controls.
Regional bank wrestles with branch role as digital soars and virtual meetings take on more of the advisory work. Data and agility are keys.
Accepting that the consumer is always right is just a beginning. Banks must keep up with and anticipate people's new thinking.
Covid-19 hit the banking industry hard, particularly with loyalty and reward programs. Citi's U.S. Consumer Bank Chief Marketing Officer Mary Hines talks through what her team did to revolutionize loyalty program interactions during this time.
Marcus by Goldman Sachs keeps growing by providing high-value banking products that are simple to use and easy to understand.
A challenger bank's credit marketplace could be seen as a threat or a way forward for banks and credit unions as banking continues to evolve.
COVID showed what banks and credit unions are capable of digitally. To keep the momentum going they must rethink distribution and process.
Banks and credit unions increasingly must leverage data, innovation and a platform business model to deliver digital banking solutions.
Some channels, like community events, may only return virtually. Others, like video, will continue their rapid growth after the crisis.
BANKING PODCAST GUEST: Nancy Giordano, Strategic Futurist, Corporate Strategist and Keynote Speaker June 16, 2020 The banking industry had been warned for decades to become more innovative, transform to digital, embrace new technologies and become more aware of consumer and societal needs. Rather than moving forward, many organizations hesitated due to cost, the desire to stay the course, or even ‘intentional blindness’. Unexpectedly, however, the world was disrupted by COVID-19 pandemic that required digital engagement, and more recently a social pandemic centered on racial equality, diversity and inclusion. These events created four seismic shifts in awareness and behavior that are reshaping our understanding of business, society, technology and ourselves. We are joined today by Nancy Giordano, strategic futurist, founder of Play Big, Inc. and co-founder of the Femme Futurists Society. In the episode, Nancy discusses how the recent confluence of pandemics have impacted the future of work, our perspective on social inequities, changes in consumption and our understanding of ourselves.
Experts worry COVID could have a second wave and that more viral threats lie ahead. Special readiness testing could save your bank.
After COVID-19: Banks and credit unions must find their way through drastically changing environment by putting people first, channels second.
The next six months could shape consumers' banking loyalties. A good framework to meet the challenge is: respond, recover and reimagine.