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Monthly Archives: November 2016

Millennials Reveal Top Reason for Switching Financial Institutions in Survey from Kasasa

November 17 – An increasing number of millennials (83 percent) said they would switch banks if one offered more or better rewards, according to the 2016 Consumer Banking Insights Study from Kasasa. The same study last year found that two thirds of millennials (67 percent) said rewards were important when choosing a financial institution.

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FIS Offers Digital Innovations in New Customer Experience Suite

November 30 – FIS, a global leader in financial technology, has announced a significant new core banking technology innovation targeted for financial institutions. The FIS Customer Experience Suite transforms a bank’s customer-generated data by quantifying the value of each customer’s relationship. It then applies dynamic pricing and product bundling, and uses the bank’s own customer behavior data to predict needs and deliver targeted offers.

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Community Banks Post Record Income in Third Quarter

November 29 – Fueled by loan growth, community bank revenue outpaced the rest of the banking industry in the third quarter, according to the FDIC’s latest Quarterly Bank Profile. Commercial banks and savings institutions insured by the FDIC reported aggregate net income of $45.6 billion, up $5.2 billion (12.9 percent) from the prior year quarter. The increase in earnings was mainly attributable to a $10 billion (9.2 percent) increase in net interest income and a $1.2 billion (1.9 percent) rise in noninterest income. (more…)

ATMIA Announces Plans to Mark 20th Anniversary in 2017

November 29 –  The ATM Industry Association (ATMIA) recently announced its plans to celebrate the trade group’s 20th anniversary during 2017. The celebration will coincide with the association’s efforts to commemorate the 50th anniversary of the ATM – first launched at a Barclays Bank branch in London in 1967.   

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Banks at Risk from Money Anxiety, New Peer-Reviewed Study Reveals

November 29 – A new study, “Dynamics of Yield Gravity,” shows that banks are at risk of not having enough term liquidity (Certificates of Deposits) during the next financial crisis that would be needed to comply with the latest liquidity requirements of the FDIC. That’s because interest rates of deposits lack the ability to attract term deposits during times of high money anxiety, according to a new peer reviewed scientific study by Dr. Dan Geller and Professor Nahum Biger.

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