Mobile wallet technology is suddenly gaining traction among banks and consumers, with a big boost from key technology players.
Smartphones and tablets are changing the financial services landscape. Several prepaid debit card companies and a handful of financial institutions have seen this change coming and responded with innovative offerings that transform prepaid debit cards into mobile bank accounts.
Alongside technical advances that change the ways in which consumers interact, communicate and pay for things, banks and merchants alike need to evolve their thinking about authentication.
An effective digital strategy includes personalizing your online customer interfaces so that your institution can stand out from the crowd.
The emerging practice of social selling calls for new sales processes, controls and governance models.
Digital technology has propelled innovative financial institutions to the next level of improving the customer experience, say judges in the 2016 BAI Global Banking Innovation Awards program.
Changing bank core systems can be a daunting challenge but careful planning and preparation can minimize the difficulties.