Operational Efficiency

In the business world and among financial institutions, some people like to say that “cash is king.

In a world of avocado toast, themed yoga classes and “athleisure apparel,” it would seem “wellness” stands at the forefront of millennials’ minds.

When savvy financial marketers ponder “What’s next?” transformation very likely comes top of mind as a path to the answer.

Like never before, technology and customer demands are changing the retail banking experience and options.

Debt collection marks one of those challenging areas for financial services organizations, and here’s why: The high-tech advancements that have bolstered other areas of banking, such as chatbots and mobile deposit capture, haven’t always made the impact this specific niche needs.

Speech recognition has come a long way, and the latest iteration is poised to improve the performance and value of customer interactions across all markets–specifically practice management across the banking and financial services sector.

For any bank, core banking systems (CBS) lie at the heart of operations: They play an instrumental role in processing transactions, updating balances, running batch jobs and interacting with interfaces.

Editor’s note: In the second of a two-part series, BAI Banking Strategies Online retraces the steps taken by three female InfoSec executives that led to industry success.

Editor’s note: In the first of a two-part series, BAI Banking Strategies Online retraces the steps taken by three female InfoSec executives that led to industry success.

Inefficiency in lending makes it tough for financial institutions to service customers effectively and grow the loan portfolio.