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Data

How Big Data is Helping Live Oak Bank Prevent Hacking

While there’s a myriad of technologies and companies on the market trying to make banking data more secure and prevent hacking, knowing which technologies and partners to choose from can be a daunting task. With cyber criminals looking for any conceivable way to get into banking systems, monitoring for potential threats can seem almost impossible. […]

Protecting Customers Through a Cybersecurity Control Tower

Citizens National Bank of Texas, the third-oldest independent financial institution in the state, has remained deeply committed to its local community since its founding in 1868. The bank’s hometown, personalized approach to serving customers in the Dallas-Fort Worth area has played an integral role in its success. It was this focus on the surrounding community […]

Blockchain Technology Could Disrupt Everything. Are You Ready?

Large banks are making the news with big bets on blockchain, but regional banks should also be looking at opportunities to leverage blockchain. The financial services industry has moved beyond the proof of concept stage and is now beginning to embrace the transformational potential of blockchain-based digital ID, digital banking, smart identity, smart contracts, trade […]

Banking on the Cloud: Why Banks Should Embrace Cloud Technology

Cloud adoption has reached critical mass, with roughly 90 percent of businesses employing its technology in some facet of their organization. The cloud presents opportunities for enhanced efficiencies and flexibility—without any security trade-offs—so it’s no surprise that we’re seeing more organizations shift to the software as a service (SaaS) model. But while we’ve seen the […]

Making Blockchain a Reality

FinXTech Advisor, Christa Steele, has created a four part series to educate our community about how blockchain is changing the transaction of digital information, its implications and the players who are shaping this technology. Below is Part Three of this series.  Though blockchain is still in early stage development, one of the most notable blockchain applications […]

Myth-Busting: Data & Analytics is a Big Bank Game

Consumers today are increasingly reliant on having data at their fingertips to make decisions and, most importantly, to simplify their lives. Companies like Amazon and Starbucks have set the gold-star standard when it comes to using analytics to understand customer preferences, as well as simplifying the purchase experience. Now those expectations are carrying into every […]

How Advances in Machine Intelligence Will Benefit Banks

Over the past two years, banks have enthusiastically embraced robotic process automation (RPA), and for good reason. Offloading mundane work to bots (apps that perform automated tasks) can help banks improve efficiency and allow employees to focus on high-value work requiring human judgement and skills, all of which can help increase productivity, profitability, and customer […]

SizeUp: Friend or Foe

Making smart decisions at every stage of growth is a critical—and often difficult—process for many small businesses. While larger companies have the money and resources to utilize big data and analytics tools to gain insight into their performance, customers and competition, small businesses are often left guessing and must rely on incomplete information (or gut […]

Scotiabank Partners with Sensibill to Digitize and Track

It’s tax time again, and for many people across the U.S. and Canada that entails one major headache—organizing and managing receipts. Whether it’s an individual or business, keeping, organizing and categorizing receipts is critical to maximizing tax deductions, not to mention for good general fiscal management purposes. However, one Canadian bank is partnering with a […]

Innovation Spotlight: American Savings Bank

Jack Kuntz, CEO, American Savings Bank Jack Kuntz is president and CEO of American Savings Bank, with previous experience as the head of a core processing company. In this interview, Kuntz shares his thoughts about selecting providers, the benefits of investing in technology at both the employee and consumer level, and creating the bank’s most […]