The options for banks to compete in a changing financial services landscape are to either build, buy or partner; while we have seen a number of banks build their own technology or partner with fintechs, there has yet to be significant acquisitions in the market; an article in Tearsheet highlights how few purchases banks have made and how that compares to the amount of investments in fintech companies. Source
Most if the talk about banks going digital has been focused on the front end customer facing tools, there is...
There is sure to be a growing consumer debt issue when the government assistance finally ends and banks are starting...
The Equifax breach has started to really change and shape the conversation around privacy since they are involved in so...
More than $445bn was lost to cyber crime last year, a 30 percent increase from three years earlier; banks have...
Banks speaking at the BankAI conference this week talked at length about what artificial intelligence means in consumer banking; “We have to keep up and we have to stay ahead,” said Diane Morais, president of consumer and commercial banking products at Ally Bank according to American Banker; the banks also talked through current use cases for AI and what the future might look like for banking. Source.
There is a behind the scenes fight brewing between fintechs and banks who are setting setting stricter guidelines on who...
In the last few years banks have started to retrain employees on how to use various new technologies so they...
Robo advisors have quickly become a must have product for banks as they look to offer their customers comparable products...
The Paycheck Protection Program resurfaced the accounting and payments difficulties that many small businesses have and a potentially huge opportunity...