By Ryan Barrow
From the SunTrust-BB&T
(now the recently announced Truist Bank) mega merger on down, the retail
banking industry finds itself in a period of sustained consolidation. For many
community and regional banks (particularly those in metropolitan areas) that
are forced to compete with much larger banks and are looking to grow, an
acquisition of a smaller institution or participation in a merger of equals has
been the primary strategy for growing deposits.
By Mary Ellen Biery
a community financial institution spends a lot of money on technology, the last
thing management wants is to be disappointed. It’s actually the last thing the
technology provider wants as well – if the vendor plans to stay in business.
By Tim Klatt
If yours is a bank rooted in tradition, you’ve probably spent decades building your customer base and establishing your business and brand within your community. You know your community, and it knows you. Though tradition can and should be a core part of your financial institution’s identity, it can threaten forward progress if it leads to a “status quo” way of thinking.
By Amandeep Khurana
It has been more than a year since the General Data Protection Regulation went into effect in Europe, and financial institutions are already preparing for the 2020 start of the California Consumer Protection Act (CCPA). However, this is far from the end of the process. New privacy regulations are coming both in the U.S. and around the world. Financial institutions that look at satisfying each new regulation as a separate project requiring incremental changes across their increasingly complex and global data infrastructures will struggle to meet compliance deadlines and ensure accuracy.
Four keys to successful partnership to pave the way for open banking
By Dan Drees
The popular narrative over the past several years was that traditional banks and financial technology companies were on a collision course. With both camps seeking to satisfy rapidly evolving expectations from individuals and businesses, direct opposition seemed inevitable.