Lending programs don’t emerge fully formed from out of nowhere. Here’s how assessing risk appetite empowers banks and credit unions.
Spelling out a partnership with AFCs isn’t always as easy as ABC. But the dynamics promise to evolve in the next few years.
The humanoid concierge deployed by Japan’s Mizuho Financial Group has been a runaway hit with customers—and judges—at the BAI Global Innovation Awards.
To reduce the ‘technical debt’ accruing in their legacy systems, banks need to examine their procedures for software development and maintenance, as well as the problems specific to their legacy code.
Successful mergers require banks to surmount the challenges of managing critical timelines, transitioning to a new corporate culture and designing a solid plan for the consolidation.
Banks face a competitive disadvantage if non-traditional innovators develop technology that creates a better customer experience that can’t be matched by their current vendors.
With an imminent rise in interest rates possible, financial institutions need to run stress scenarios as part of their budgeting process to weigh the impact of those rising rates.