Would you bank with Amazon? New research from Fiserv finds consumers are significantly more comfortable with the idea of using technology companies to make financial transactions than ever before. As the potential for disruption grows, [...]
Whether you're onboarding dozens or thousands of mortgage loans each month, verifying loan data is time consuming and prone to error. To address that challenge, lenders are turning to automated multisource, real-time data reconciliation to [...]
A fraudster's easiest path through a financial institution's defenses often starts in the gray area between security and a seamless experience for consumers. Balancing those two priorities has been a traditional quandary in the financial [...]
Whether they touch a button, click a mouse or direct a few choice words toward Alexa, consumers today have an almost endless variety of ways to pay their bills. More than ever, consumers are demanding [...]
With a surging economy, a favorable regulatory environment and increasing pressure to drive growth, more financial institutions are targeting commercial business to find entirely new revenue. According to the experts, commercial opportunities abound in lending, [...]
As it turns out, consumers want it both ways. They want hands-off, do-it-myself digital banking services – until they don't. Consumers want to choose how and when they go it alone and when they seek face-to-face [...]
Waiting for your paycheck is so 2010. A wave of fintech companies is changing the traditional pay cycle, allowing people to tap into money earned before the next payday. It's another example of how money [...]
Financial institutions are taking a fresh look at the brick-and-mortar branch – location, size, offerings, staffing and technology – to create a new banking experience for their accountholders. Innovative self-service capabilities such as interactive teller machines (ITMs) [...]
A CEO recently told me he wants to transform his community financial institution into a digital bank but keeps hitting an all-too-common internal roadblock: "But this is how we've always done it." The CEO instituted [...]
Nick White doesn't hesitate in predicting the advent of open banking will one day achieve the significance of the first printed check or the introduction of the coin. With 20 years of experience working on [...]
Open banking holds the potential for financial institutions to create new business models and open new doors for consumer engagement, but the concept also requires careful planning and self-evaluation. Andrew Steadman, vice president of product [...]
Consumers want to move money quickly and easily, but they also have clear ideas about security. Financial organizations and billers that are able to check all the boxes – convenience, speed and security – position their organizations [...]
Financial institution CIOs and technology business leads are grappling with the transition to an open banking economy, fully aware it’s their job to bridge the gap between surviving and thriving. Those strategists, enterprise architects [...]
Most financial institutions use an accounting system to automate general ledger and accounting processes. But it often stops there. Reconciliation and certification processes – essential to an accurate and compliant financial close – are often completed using [...]
Technology is putting everything on autopilot these days – even our cars are beginning to drive themselves. From manufacturing to marketing, automation and cloud-based computing are changing the way we work, and driving better outcomes for [...]
