“More than a quarter of Gen Zers (21 to 26 years old) and nearly a third of Millennials (27 to 41) now call a digital bank their primary checking account provider. Among Gen Xers (42 to 56), the percentage who have their primary account with a digital bank grew from 8% to 22%. Overall, six…
Month: March 2022
Payment disruptions in digital banking – Entrust report
“Omnichannel touchpoints are increasingly crucial in digital banking: In Australia, 93% of respondents say they prefer to bank online in some form. Evidence that digital banking is the new norm. However, it is still essential to provide various digital options, as 62% say they prefer using the app from their bank or credit union, while…
Decisions Part 2: Creating a Culture of Analytics-driven Innovation
“The key to moving beyond just optimization to reinvention is to empower a culture of ideation, exploration, trying, testing, failing, learning, and trying again. A culture of analytics-driven innovation includes: – Culture of Empowerment. Give everyone in the organization the power to envision, ideate, try, fail, learn, share, and try again. Empowerment isn’t just for…
10 data science and business analytics courses that should be on every executive’s radar
“As data becomes more and more imperative to business decisions and solutions, there are a growing number of business leaders who are being asked to think about AI or manage AI for their organization for the first time, Tambe adds. As a result, more managers and executives are turning to courses focused on data science…
Fintech Roundup: Banks beginning to view fintechs as frenemies
“As part of its efforts to stay on top of all things digital, Truist opened a 100,000-square-foot innovation and tech center. Some of the things the bank is getting serious about, according to Case, are cloud architecture, data and analytics. It’s even built an “API toolkit and playbook” that he describes as “very important” to…