As financial institutions modernize, data portability has become a crucial strategy for unlocking operational efficiency and enabling regulatory compliance.

Banks can quickly improve the customer journey by removing friction and creating consistency across service channels.

Banks like Fifth Third, Cross River and First International are using specialty-built technology platforms to appeal to nonbank partners while controlling more of the technology stack.

Focusing on niche markets and strategically implementing technology can help financial institutions build stronger client relationships.

How can banks and credit unions make sure IT steering committees are equipped to maximize every dollar of the technology budget?