Small businesses are key to the success of community banks and local economies, and FIs are stepping up to better support them as SMBs contend with economic headwinds.
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#banking
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Mary Anne Keegan
@KeeganMA
Marketing strategist, passion for #Fintech #Startups #Marketing | CMO | Beach lover, Author & World Traveler
intrafi.comJoined September 2011
Mary Anne Keegan’s Tweets
In our world of constant advertising, for #banks to reach their customers it is not just about increasing the quantity of communication. It’s actually the opposite: It’s about constraining communication to what's meaningful.
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How are #banks feeling about 2023? They see #creditcards as a growth opportunity, they're increasing loss reserves, net-income is slumping, and more!
Great read by
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When it comes to investing in #fintech, the last quarter of 2022 was the slowest quarter of funding since 2018. But, while total funding globally was down compared to 2021, the numbers were still higher than 2020.
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#DigtialWallets are dominated by #technology companies in the US. Can #banks still get in on the action?
Great read by
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#banking
Personalizing the #customerexperience for #banking customers creates an emotional connection that boosts loyalty and retention. Despite this, only 44% of consumers felt their #banks were delivering personalized support.
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Great list of 10 #fintech predictions for 2023, including:
1. #VentureCapital funding is going to be a lot different
2. #B2B #fintechs will thrive
3. Increased adoption of #OpenBanking
bit.ly/3GB1vz7
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The State of #OpenFinance: Market Trends and Initiatives Roundup
bit.ly/3H4zOQK
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#openbanking #banking
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Goldman Sachs is set to unveil a $2 billion loss in its new business and eliminate 3,200 jobs, its largest round of layoffs ever.
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Great compilation of #banking trends to keep your eyes on in 2023 by
What’s in store for banking in 2023?
bit.ly/3ZlRnTh
#digitalbanking
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After intense deal competition helped turbocharge #fintech valuations in 2021, in 2023 we will continue to see significant revaluations of portfolio assets – a trend that began to emerge in 2022.
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Today's consumers expect their #financialinstitutions to be responsive, empathic and transparent. Banks that excel in these areas will grow relationships; those that don't may lose trust and loyalty.
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Top 5 #CustomerExperience Trends for 2023
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#Banks have invested heavily in digital technologies in recent years. However, there's still a lot of work to be done in order to fully realize the benefits of #digitaltransformation.
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By enabling #embeddedfinance into almost any digital context, #BaaS may augur a profound evolution of the financial sector of which we are only seeing the early stages.
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Read ' "interview" with #ChatGPT on the future of #AI in #banking...so good!
Our ChatGPT Interview Shows AI Future in Banking Is Scary-Good
bit.ly/3iV3F4l
#artificialintelligence #finance
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What does 2023 hold for #fintech? Growing #PaaS, an emergence of credit building tools and customer centricity predicts .
bit.ly/3FPefSg
#banking #digitalbanking
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As veteran #banking lawyer Thomas Vartanian points out, only about 25% of U.S. consumer lending occurs through federally chartered banks these days. That's just one measure of the ongoing change in what ‘banking’ means.
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Pre-pandemic, branch footprint was both an asset & a challenge to the acquisition process. In the new world driven by digital, the value of real estate is diminished & the cost of disposal is magnified.
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"Financial institutions have made significant progress in their #digitalbanking transformation journeys, but the level of maturity varies among institutions based on size, commitment to change and investment levels," writes
#banking
2023 will push #fintechs to improve the effectiveness of how customer service is delivered and see an increase in #financialinclusion
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Interest rates have risen more than two percentage points in just six months – the fastest rise in 40 years.
#infographic by
Comparing the Speed of U.S. Interest Rate Hikes (1988-2022)
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#economy #interestrates
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The real winners from the Fed’s latest debit card routing rule aren’t the merchants. And they certainly aren’t the banks. Guess who?
Great read by
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#payments #banking
ChatGPT, the #artificialintelligence #chatbot, impressed in a discussion about its abilities and its perspectives on the future of #banking.
Our #ChatGPT Interview Shows AI Future in #Banking Is Scary-Good
Another great newsletter by
Read: Web3: $5MM Yuga Labs and MoonPay lawsuit; Proof Of Reserves from Bybit and bit.ly/3noooNE; Gnosis blockchain PoS merge
bit.ly/3HyVlSc
#fintech #wealthtech #crypto #blockchain
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"For incumbent companies that have not yet dabbled in #web3, the bear market is a massive opportunity to experiment on the cheap," writes Mauricio Magaldi.
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It’s time for incumbents to invest in web3
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Despite the additions of new online and mobile #banking features and functionality over the past decade, #digitalbanking simply doesn’t do everything bank customers need to do, says .
Digital Banking Didn’t Kill Bank Branches—But #Chatbots Will
What retail #banking trends should you keep your eye on in 2023?
Find out here: bit.ly/3OZMjiR
Top Retail Banking Innovation Trends for 2023
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Bolstered by increasing demand for more frictionless #payments, #embeddedfinance has grown dramatically - what's next?
bit.ly/3gs0WPb
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Borrowing short — promising customers immediate access to their funds — to lend long(ish) — without the benefit of a liquidity backstop has, historically, not turned out well.
Tellus: Another UDAAP Nightmare?
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Fintech companies have tolerated obvious and excessive fraud, committed by their own customers, as the price for achieving rapid growth
Read: #Fintech's Steroid Era
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Generational segmentation is the backbone of demographic #marketing — but how is each generation defined?
Finally, a definitive, accurate answer, via
How to Define the Generations: The Ultimate Guide for Marketers
Four reasons traditional M&As are slowing down:
1. I don’t want your branches
2. I don’t want your core (and data) problem
3. I don’t want your customers
4. I don’t want your people
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