Articles

Tesla CEO Elon Musk shocked stakeholders when he tweeted that he was considering taking Tesla private. He explained that he believed this move could remove barriers on the company’s ability to innovate, and provide certain flexibility that would make it easier for Tesla to grow and expand its footprint.

Modern consumers expect all services to be as easy and convenient as two-click purchasing on Amazon or hailing a ride with Uber. These and other tech-savvy companies will continue to shape digital services expectations across a multitude of industries for the foreseeable future—and banking is no exception.

Tis the season. So, would it surprise you to find out that a football team and a financial institution’s digital banking strategy have a lot in common? To be successful, both must effectively leverage all the resources at their disposal to win. And, some teams – like digital banking strategies – are simply better than others. Check out our take on what positions would make up the ultimate digital banking football team.

Credit Unions must do much more than benchmark their products and services against other peer and competitor CUs. They must measure themselves against banks and fintechs, not just other Credit Unions

“Alexa, read me ‘Dog Man and Cat Kid’ now” (please) could become the norm as Amazon rolls out its Echo Dot for kids. Eric Brandt of D3 Banking Technology says the news will only amp expectations of future customers for easy, quick responses. Don’t be intimidated, but adapt now.

In the spring of 2015, new leadership took over TCF Financial Corp., based in Minneapolis, and set about a course that would reshape the bank from the inside out.

In February, BB&T Chief Executive Kelly King took to Twitter with a video apology to thousands of irate customers after an equipment malfunction hobbled ATMs, online and mobile banking. “We are committed to making this right,” he said.

WASHINGTON, March 27, 2018 /PRNewswire/ — Bank Director and Promontory Interfinancial Network have announced the finalists for the 2018 Best of FinXTech Awards, which recognize institutions that exemplify how collaborative efforts can lead to innovative solutions and growth in the banking industry. This year’s Award categories included Startup Innovation, Innovative Solution of the Year and Best of FinXTech Partnership.

More than many banks are willing to admit, TCF Financial’s digital banking platform three years ago was out of date. It wasn’t exactly prehistoric, but the Wayzata, Minn.-based regional didn’t even have a mobile remote deposit capture application.

An analysis of 2017 trends and predictions for 2018 suggest innovation and solid fintech partnerships will be keys to success.