Post Tagged with: "Trends in Banking"

Innovation in Banking Today… and in 2018

Innovation in Banking Today… and in 2018

by September 26, 2013 at 3:43 pm 2 comments

Bank Innovation’s State of Banking Innovation survey for the third quarter polled industry watchers on what innovation looked like in banking today, and what it might look like five years from now. A selection of responses are presented below. Other results from the survey are discussed in this post.  Read More

Branch vs. self-service: Striking the banking balance

by June 18, 2013 at 10:09 am 3 comments

Retail bank branch closure is a growing trend in several countries as a cost cutting method. The thinking behind this is logical: branch banking is expensive so it makes sense to drive customers to channels such as online and mobile which still provide a wide range of services but areRead More

Bluebird Upgrade: Trouble for Brick-and-Mortar Banks, or an Opportunity?

by April 2, 2013 at 9:28 am 2 comments

Last week, the banking industry raised an eyebrow as Bluebird rolled out a series of changes for its prepaid cardholders, including FDIC insurance, check writing, and a higher maximum balance of $100,000. The obvious (and probably correct) conclusion reached by many was that the American Express/Walmart backed operation was tryingRead More

15 Points about the Underbanked

15 Points about the Underbanked

by January 28, 2013 at 3:06 pm 1 comment

    Originally published on blog.andera.com. Follow us on twitter @AnderaInc What: Definitions The term underbanked has become a bit of a buzz word in the past few months, so it’s good to start by clarifying its meaning. Different definers offer different definitions, but the authoritative definition is probably thatRead More

To Be or Not To Be Uncertain

To Be or Not To Be Uncertain

by January 7, 2013 at 10:37 am 0 comments

“Uncertainty” has become common code for economic pessimism, a point challenged by the title of an editorial from Andrew Kahr in BankThink: “Uncertainty Is Killing Our Bank!’ No, Inaction Is.”  Of course, Mr. Kahr is right; inaction is the true evil, but uncertainty partially causes inaction. Shakespeare makes the argumentRead More

Creative Destruction and Customer Experience

Creative Destruction and Customer Experience

by December 7, 2012 at 10:10 am 0 comments

One of my favorite economists is Joseph Schumpeter, a quirky Austrian American theorist who focused his work on the evolution of capitalism, offering ideas on economic growth, business cycles, and democratic institutions.   Economists had identified innovation as a reason for progress long before the Industrial Revolution, but Schumpeter was one of theRead More

Five Consumer Banking Megatrends

by November 16, 2012 at 11:02 am 1 comment

How Americans bank is undergoing a lot of changes right now. Free checking as we know it is becoming an endangered species, people are doing a lot more of their banking online, and smartphones and prepaid debit cards are taking off. As we move towards 2013, with planning well underwayRead More

FIS Sees 150% Growth in Mobile Clients

FIS Sees 150% Growth in Mobile Clients

by September 5, 2012 at 11:05 am 0 comments

FIS announced that its mobile client base has grown 150% since this period last year, a growth rate that deserves attention. Across the financial services sector, customers are banking with their smartphones in record numbers. The Federal Reserve reports that 1 in 5 customers of financial institutions are using mobile bankingRead More