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Posts tagged with "Fintech"

08/22/2017

Today’s Competition Is Different but Still Tough — Do You Know How to Stand Out? 

Competition has always been as much a part of the banking industry as dollars and cents. Today, we hear a lot about how years of mergers, acquisitions, consolidations, and collapses in the banking industry have culled the playing field … all the way down to a “mere” 1,799 insured, U.S-chartered commercial financial institutions with assets…

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08/18/2017

The Beauty — and Profitability — of Offering a Second Chance to Unbanked and Underbanked Consumers

Would we have the iPhone today if Steve Jobs hadn’t gotten a second chance at running Apple? If Milton Hershey hadn’t gotten a third chance after founding two failed companies, would we have the Hershey’s Kiss? Everyone, at least once in their lives, wishes for a second chance. When people get a second chance, they…

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07/06/2017

Digital Innovation, Disrupters & Cyber Technology Perspectives on Third Party Risk

Last month over three hundred risk professionals gathered in Washington D.C. to focus on the digital landscape and emerging risk factors for Third Party Risk Management at the 10th annual Shared Assessments Summit.  Thought leaders from many verticals, including financial services, healthcare, asset management, and consumer products provided market insights on a variety of topics…

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05/01/2017

Blockchain and Banks: What’s in Store for 2017 and Beyond

“Blockchain will do to the financial system what the Internet did to media.” — Harvard Business Review “Around 80% of banks are developing their own blockchain technology.” — ValueWalk “Blockchain will be used by 15% of big banks by 2017.” — Fortune Google the phrase “blockchain and banks” and you’ll get more than half a million results, many…

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04/04/2017

Vendor Relationships May Be the Key to Better Tech

Fast, easy, relevant and seamless — that’s what customers expect from their financial institutions. Of course, not everyone is getting that experience right now, and banks of all asset sizes are turning to technology to help them meet customer expectations. In fact, 70 percent of financial institutions surveyed by American Banker said they plan to spend more…

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03/13/2017

The Truth About Data: Numbers Don’t Lie, But Everything Fluctuates

Data has always been an asset as valuable as cash in the banking industry. Technology and the emergence of big data have made it easier for financial institutions to use the volumes of information at their disposal in new ways. Financial institutions use data to drive a number of key decision-making processes, from who to…

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11/23/2016

Simplification Secrets FIs Can Learn from FinTech Companies

In the ongoing contest between traditional banks and disruptors, FinTechs are looking pretty good. In fact, a recent EY global survey found 15.5 percent of consumers polled had used at least two FinTech products in the past six months. Why are FinTechs gaining so much ground? It’s not just about superior speed, convenience, flexibility and better tech…

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