The Best 3 Core Systems Are Going Digital
All In On Digital Transformation Digital transformation in banking isn't new, but the pandemic emphasized the need for better customer experiences across all financial institutions. As a result, the technology powering banks and credit unions came into focus, whether...
How Community Banks Can Adapt to Digital Transformation
Community Banks Are Going Digital Community banks in recent years have been finding themselves having to come to terms with a considerable number of issues. Advancing technology has opened new doors to what’s possible for both banks and customers, and it’s on...
The Digital Transformation Has Begun
What's Next For Digital Transformation? Technology has been a considerable force in reshaping every facet of the financial services industry. Still, financial services—particularly community banks—have a long way to go. Despite how ubiquitous technology appears in...
The Future of Open Banking
Open Banking Outlook As telecommunications continue to advance and financial institutions become more closely connected, open banking and the use of application program interfaces (APIs) will become more prevalent in customers’ day-to-day lives. The practice of open...
7 Tips For Negotiating Vendor Contracts
Contract Negotiation Tips How happy are you with your current vendor contracts? It’s a fair question. Your financial institution has specific goals in mind—particularly when it comes to meeting the demands of the future. Your local bank or credit union needs every...
Challenges of Digital Transformation
Biggest Barriers To Digital Transformation The future is coming fast. In some cases, it can even seem like the future has already passed, and we’re in the midst of some type of post-future with the world going through changes more quickly than we can easily track....
How Digital Transformation Is Impacting Core Banking
Digital Transformation Is Changing Core Banking Digital transformation in banking is not a new trend. Still, it is one that many financial institutions have been slow to adopt despite more and more customers reporting a preference for online banking. Customers desire...
Open Banking Defined, Examples, Use Cases, and Benefits
What Is Open Banking? Today’s financial institutions are becoming more closely connected, and open banking is the use of open APIs to allow financial institutions to share data between themselves. Open banking also allows financial institutions to share data with...
How Improving Workflow Saves Time and Money
Workflow Improvement Trends With interest rates at all-time lows, today’s banks continue to look for ways to save money while continuing to give their customers a great customer experience. One of the simplest ways to improve the overall banking process is by...
Digital Transformation in Banking – Where Are We Now?
Digital Transformation Update Last year, before the pandemic hit in full force, we discussed the need for digital transformation in legacy systems among core banking systems. Not long after we published that article, the world shut down for all intents and purposes....
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