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Cequence Security is rolling out Cequence ASP, an application security platform designed to provide effective, scalable defense against the growing number of bot attacks affecting the hyper-connected organizations of today.
As innovations in finance continue to barrel toward 2020, faster (real-time) payments seem closer than ever to becoming reality in the U.S. So, how should banks prepare for what looks like an inevitable change?
Avoid heavy replacement costs by leveraging legacy core systems.
One challenge for banks and credit unions looking to compete with fintech offerings is their reliance on legacy core banking systems housing the data to manage customer accounts and run the institution. Layering new digital offerings on legacy technology and infrastructure can frustrate timelines and budgets, yet replacing core systems is even more complex and expensive. As a result, many institutions struggle with wanting to innovate while maintaining the “if it’s not broke, don’t fix it” mindset.
By Sonny MacArthur and David Wood
With many community banks losing ground to their larger brethren, as well as new competition from the rising number of non-banks and fintechs, finding the best strategies for growth can be daunting — and not always obvious. As the new year begins, many smaller banks are now evaluating their current plans and looking for ways to not only grow, but increase their revenues in the process. Here are four key areas community banks should consider when it comes to increasing their profitability in 2019.
U.S. retail banks could grow their share of deposits by as much as 16.5 percent by improving key elements of their customer experience, according to a new analysis conducted by New York-based Kantar.