You are ready to embark on a digital transformation journey with your bank, and you want digital and mobile account opening. However, you are hesitant, because everyone tells you that you can’t do it while using your legacy core system. That it is like “putting new wheels on an old Read more…
Until now, it was generally only the large banks and some specialist regional banks that had the benefit of working with fintech. However, that is changing fast. No longer is it banking versus fintech. The two industries need each other, and customer demand dictates that. The year 2018 will be Read more…
Forget Amazon, Facebook, Apple and Google (the “big 4”). If PayPal decided to become a US bank, it could be the biggest disruption in modern US banking history. Given its extensive customer reach, both direct and indirect, it is not hard to imagine it completely dominating retail banking in the Read more…
Today for community banks, there really is no more need to have technology developed in-house to execute on your bank’s digital strategy. You can easily avoid risky in-house development projects that could turn from leading edge, into what some call “bleeding edge” technology development. A version of this article first Read more…
By now most banks have come to the realization that digital transformation is not a luxury, but a necessity to survive and grow, and many have started the process. However, increasingly we hear about project failures and less-than-optimal results – sometimes followed by key personnel departures. Could it be that Read more…
We have all seen and worked with them. The department manager for whom no automation or software project is ever good enough. The One Button Dreamer. No piece of technology is good enough, until they have only one button to push, then drink coffee and chat the rest of the Read more…