Posts tagged with 'banking'
Think Twice Before Turning Down a Banking JobRead the rest of this entry »
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 ...
Is 2019 the Twilight For Community Banks?Read the rest of this entry »
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 ...
Get Your Career In Shape For Banking's FutureRead 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 difference ...
AI Is Helping Banks Better Understand and Retain WorkersRead the rest of this entry »
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 ...
Point-of-Sale Is the Hot, New Trend In LendingRead the rest of this entry »
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 ...
Banks Have Good Reason to Fear AmazonRead the rest of this entry »
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 ...
Banking's 10 Future Shock IssuesRead the rest of this entry »
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 ...
What the Banking Industry Is Facing in 2018Read the rest of this entry »
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 ...
Cybercrime Becoming Banking's Biggest WorryRead the rest of this entry »
Bad credit used to be the biggest worry for banking executives. Now, cybercrime is rapidly overtaking it.
At a roundtable discussion at a conference in New York last week, executives from some of the nation's largest banks said that in the wake of the summer's massive Equifax hack, their fears of a security breach at their institution have intensified.
U.S. Bancorp CEO Andy Cecere was quoted by ...
Wall Street Spreads Across the NationRead the rest of this entry »
Wall Street is the finance capital of the U.S. and one of the world's leading banking centers, but with the cost of living and doing business in New York similarly ranking at the top, financial institutions have been slowly shifting some of their operations elsewhere.
The Dallas metro area has become an attractive location for banks and financial services firms. Goldman Sachs, J.P. Morgan, Bank of America ...