Posts tagged with 'banking'
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Banking Trends That Are Here to Stay
Read the rest of this entry »What the ATM did for getting cash, the covid pandemic is doing for many other banking services.
More than ever, customers are turning to online banking to pay bills, transfer funds, and handle transactions they would have visited a branch for just a few months ago.
Baby Boomers, the generation most reluctant to have downloaded their bank’s mobile app, have embraced online banking in record numbers. Shortly after businesses were …
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Investment Banks May Start Hiring in Q3
Read the rest of this entry »Investment banks are having a strong year.
After taking belt-tightening steps last year and announcing cost reduction plans this year, the coronavirus pandemic and subsequent business shutdowns worried the industry that more draconian action might be coming.
That prospect now is much less likely. Most investment banks had a strong 1st quarter and are on track for an equally good Q2.
Reporting on positive financial news from three of the …
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Think Twice Before Turning Down a Banking Job
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If you're eager for a job in finance, now might not be the time to be picky.
Despite what you've heard about this being a job hunter's market (true enough), the banking industry may soon be tightening its hiring. eFinancialCareers editor Sarah Butcher advises, " Next time you receive an offer for a new banking job, even if it's not exactly the sort of thing you had in mind, you …
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Is 2019 the Twilight For Community Banks?
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Technology may be sounding the death knell for community banking.
With 50% of the branches in the U.S., local and regional banks should be gobbling up new deposits. They're not. They're not even getting what might be considered a proportional share, settling for a mere 20% of deposit growth over the last three years.
Contrast that with the nearly 50% of new deposits that went to the three largest banks …
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Get Your Career In Shape For Banking's Future
Read the rest of this entry »As banking institutions continue their struggle to be competitive, closing branches, merging, consolidating and eliminating jobs, how are you preparing?
"Banking careers are being disrupted every day due to the confluence of technology and competition," writes Jim Marous, co-publisher of The Financial Brand and Publisher of the Digital Banking Report.
He makes the point that the traditional path from hiring to management -- where longevity and loyalty made the …
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AI Is Helping Banks Better Understand and Retain Workers
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As challenging as it is these days to hire workers with the right combination of skills and talent, employers of all types are focusing on retaining the employees they have.
Banking is no exception, and as a competitive, service-sector industry, ensuring a good employee experience translates into the ever-important positive customer experience. To stay atop of employee sentiment, banks, like employers everywhere, regularly survey their workers. It can be a …
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Point-of-Sale Is the Hot, New Trend In Lending
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Point-of-sale loans are one of the hottest and fast growing lines of credit being offered by the banking industry.They're not new; if you've ever gotten a loan through an auto dealer or had the orthodontist finance your braces, that was a point of sale loan. Now, technology is making it simpler to offer these types of on-the-spot loans, opening up opportunities for thousands of other businesses to make them …
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Banks Have Good Reason to Fear Amazon
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The banking industry is keeping a wary eye on Amazon, wondering just how far into the financial services tent the online retailer is planning to go. It already has a co-branded credit card, and Amazon Cash is a way for buyers to deposit cash they can use to shop on, naturally, Amazon.But now the company is reportedly looking for a bank to partner with to offer a co-branded mobile …
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Banking's 10 Future Shock Issues
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2017 was a year of angst for the banking industry. Fintech, which begin its nascent ascendancy as a way to facilitate online transactions, has become both a partner and a challenger as cashless payments and virtual banking grows in popularity.As American Banker said, "More fintech firms are being formed every day, promising to offer financial services faster and cheaper than banks, and the Silicon Valley giants are not far …
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What the Banking Industry Is Facing in 2018
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Even before the Great Recession, banks were struggling to adjust to a new future driven by customer demand and technology. The latter, in fact, showed customers what was possible and they were already beginning to pressure the industry to change.Now, from Deloitte, comes a 2018 Banking Industry Outlook that examines six "big-picture" themes -- issues each of the industry's five business segments will have to address in the next …
