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Jan 16, 2015 by JEFF MARSICO Bankers who wish to differentiate their institutions in a fast changing industry should focus on 10 key strategies, such as defining their future, training for appropriate skills and eliminating redundant processes. For those who have been in the banking industry for a while, the pace of change has picked […]
by Ian McKendry DEC 18, 2014 6:10pm ET WASHINGTON — Benjamin Lawsky, New York’s top financial regulator, sharply criticized banks for their failure to speed up the payment system, warning that the government may step in if they continue to lag behind. “If banks do not make significant progress soon, regulators should consider actively pushing […]
by Matt Scully DEC 3, 2014 6:10pm ET Blue Elephant Capital Management is planning to launch in January a second fund to purchase loans originated on online marketplaces, and the differences from its first fund show how hot the sector has become. The Irvington, N.Y., investment firm has secured multiple verbal commitments for at least […]
On this very special holiday we want to wish you and your family a very Happy Thanksgiving.
by JOSEPH H. CADY Nov 18, 2014 In the wake of the Great Recession, bankers will have to adjust to economic and business conditions quite different from those seen in preceding decades. Is the banking industry in the midst of a major shift in the way we are structured and do business? No one knows […]
Customer Loyalty: How Technology is Changing the Playing Field Banks can take advatage of emerging trends by unbundling products to give customers more choices. Technology has upended the traditional customer engagement model for businesses at an unprecedented pace, leaving some companies in the dust. In order to understand the relationship between customer loyalty and technology […]
Editors Notes: In a recent article titled Capturing Account Switchers Across Channels, Mr. Paul Kadin states that there are as many paths to purchases as individual consumers. He goes on to talk about knowing what your customers have clicked on and what their individual needs are, when they search your site for information on international […]
Survey: Banks targeting underbanked By Allison Ross· Bankrate.com Thursday, July 31, 2014 Hoping to grab more business, a rising number of bankers are turning to the unbanked and underbanked as opportunities for growth, according to a new survey. The KPMG Banking Outlook Survey, released Monday, surveyed 100 senior bank executives. It found that 23 […]
In a recent article published by BAI, author Mike Ottiger stated Financial institutions are finding that utilizing the tablet can provide a big boost to the sales process. With tablet shipments set to outpace both laptops and desktops next year, it’s clear that consumers are fully embracing this relatively new technology in their everyday lives. […]