The technology is expensive, inefficient and there are better ways to perform the same tasks, writes Quantalytix CEO Christopher Aliotta.

But U.S. institutions need more bravery to catch up with others in the financial industry by embracing cutting-edge innovations with less fear.

In this month’s BAI Executive Report, we examine how banks and credit unions can better use the customer information they have collected.

Financial institutions have a valuable opportunity to use AI to alleviate worry, promote financial health and further develop customer relationships.

On the BAI Banking Strategies podcast, Marc Mallett, Northern Trust's head of whole office strategy, talks about the breakthrough innovations being developed behind the traditional bank's stately façade.

On the BAI Banking Strategies podcast, David Foss, CEO at Jack Henry & Associates, joins us to discuss open banking and the scale-defying opportunities it can provide for regional and community institutions.

Comprehensive policies and processes to reduce the possibility of flawed algorithms can reduce the risk of discriminating against customers.

As consumers continue demanding better digital experiences, banks and credit unions should be focused on greater virtual access and convenience.

“Everyone has realized that there's more to win from collaboration and partnerships than there is from resisting change.”

Open banking is about more than just customer data ownership. It’s also about how some banks are going to position themselves to thrive for years to come.

With all the pressing challenges community banks face, should they also devote brain space to cryptocurrencies? Finastra chief innovation officer Shuki Licht makes his case for why community banks should be focused on crypto now.

Accessing data provided directly by employers can increase the level of certainty throughout the decisioning process and reduce risk of future defaults.

That is a question for banks seeking to offer financial services via APIs in a cheaper, faster and more transparent manner.

Your banking institution is still planning its digital modernization, but how wisely have you integrated security and compliance practices into your roadmap?

Whether partnering with banks or buying them outright, fintechs need to evolve their compliance processes to manage the relationships.

In many cases, banks are now digitally mature enough to partner with each other to fill technological or process gaps in ways that benefit customers.

BAI’s latest Executive Report explores how banks and credit unions are working to intercept the fraudsters before their crimes are committed.

CIOs need to focus on keeping their IT infrastructure running smoothly, making better use of data and analytics, and getting the most from the cloud.

New technologies can contend with many of the data-quality issues that would have tripped up older compliance systems.