Faster, smoother, more-open payments systems are coming our way thanks to a little something called an API. That stands for application programming interface, which is what, exactly? You can think of an API as an automated […]
The financial services industry hasn’t caught up to the technology just yet. But momentous momentum continues to build. The banking industry is awash in giddy talk about how artificial intelligence and machine learning will shake up […]
The banking industry is awash in giddy talk about how artificial intelligence and machine learning will shake up how business is done. Yet on many levels, the promise remains unfulfilled, the revolution yet unrealized. The giddy […]
The ATM was born just a stone’s throw from Swingin’ London in 1967. The first drive-thru pulled up moments after “The Great Gatsby,” in 1930. Two technologies, it would seem, better suited for a Time-Life documentary […]
Digital transformation—the theme of this week’s BAI Deep Dive—is sure to remain a non-stop topic of discussion as the financial services industry bears down on 2020. But there’s no need to wait for a new year […]
We all know that artificial intelligence and machine learning will magically solve all your business problems, while Alexa makes you a dry martini and takes out the garbage, right? Wait a minute—lofty promises and fanciful fantasies […]
To be certain, artificial intelligence remains a technology that will change the face of banking forever. But let’s face it: Some hoped-for innovations (such as real-time marketing hyper-targeted to a single person) are still in development, while sophisticated chatbots such...
Let’s say your bank or credit union wants to raise its customer experience game. What step would you take first? Balloons in the branch lobby? A cute email on the customer’s birthday? Or how about something […]
Most American banks and credit unions are pretty good at advising people about credit ratings, mortgage rates, credit cards and so on. But what about advising them on health costs? “That’s crazy,” you might say. “Banks […]
Mobile banking is exploding with new ideas from voice-first development, to putting humans back into the digital experience; to artificial intelligence and advanced biometrics. There’s even a growing trend for ATM withdrawals without your chip card—which […]
In terms of 2018 attention grabbers, few in any bank marketing campaigns could match the appeal and impact of Ally Bank’s “It’s Payback Time”: equal parts feel good and get even. Ally took a shot at […]
Call it the slowwwwww squeeeeeeze: Competition for deposits has produced tremendous force—the kind steamroller drivers would envy—as big banks, fintechs and smaller banks feel the pressure to collect the money they badly need to fund loans. […]
Some banks think that after 10 years, they’ve got mobile banking all figured out. To which some customers might well reply: Not. By. A. Longshot. Millennials say that they’ll jump in a heartbeat to a bank […]
With 350 locations across Oregon, Washington, California, Nevada and Idaho, Umpqua Bank is consistently hailed as one of the nation’s most customer-centric banks. But with the words “customer experience” practically tattooed on bankers’ biceps these days, it’s fair to ask: What...
Once upon a toaster, banks wooed customers with kitchen gadgets, piggy banks and points rewards on credit cards. Some still do it. But the fintechs? Not so much, if at all. Toast itself is more like […]
Not long ago, bankers tallied creditworthiness with a fat envelope full of papers they assessed over the course of weeks. Then electronic reports took hold, with the three major credit bureaus (Experian, Equifax and TransUnion) ruling the roost and brandishing...
Technology has brought whirlwind change to many areas of banking. But how is fintech most effectively changing the marketing game? With big data? Machine learning? Smart content marketing? The story is still unfolding, but we know a few things […]
For all the dazzling speed high-tech startups and solutions bring to the financial scene, one aspect of the sphere continues to run slow—relentlessly slow. International money transfers—aside from being unpredictable, error-prone and expensive—piddles along just a […]
When the fintech companies burst onto the U.S. scene around the time of the financial crisis in 2007-’08, the image was one of young Silicon Valley and Silicon Alley techbros ready to put aging, creaky necktie-wearing bankers and their businesses...
When the peer-to-peer loan service LendingClub arrived 2007, many envisioned a major disruption to end the bank loan business as we knew it. What next: Lending money on Facebook? (Talk about an excuse for consumers to […]
You use electronic signatures these days just about everywhere: when you scrawl with your fingernail on a coffee shop tablet, click to accept an online contract, even when you type your PIN at the ATM. So […]