Automation and artificial intelligence have major limits, especially in solving sticky problems and deepening relationships
To avoid the revenue growth squeeze, community banks need to embrace neighborhood marketing, improve sales effectiveness, expand customer relationships, utilize data analytics for product design and diversify their offerings.
For financial institutions, it’s long past time to ditch one-time passwords in favor of newer authentication technologies.
Generational expert and BAI Retail Delivery 2015 speaker Cam Marston says bankers need to learn how to attract Millennials both as customers and as employees.
In their effort to develop new products, bankers should consider utilizing the tactics of purpose, simplicity, speed, security, repetition and surprise.
Mobile banking for businesses can provide community banks with fee opportunities and help them strengthen relationships.
The hardest part of digital banking isn’t the technology; it’s the organizational and process changes needed to support a customer-centric strategy.
Given the increasing importance of mobile devices in banking, the industry should consider more design-centered thinking about how consumers interact with these devices.