Opinion
The latest opinion pieces by industry thought leaders
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Afry Harvy via Getty Images
6 lessons from my journey to the CFO seat
Hope Dmuchowski, CFO of First Horizon, shares the lessons that helped shape her path to finance chief and guided her approach to leadership.
Hope Dmuchowski • Sept. 18, 2024 -
Douglas Rissing via Getty Images
Third-party compliance certification can get cannabis cash safely into banks
Even if the SAFER Banking Act passes, the infrastructure exists within the cannabis industry for third parties to do the kind of accrediting the Joint Commission does for the healthcare field, says attorney F. Miles Adler.
F. Miles Adler • Aug. 1, 2024 -
Federal Reserve. "FedNow Instant Payments". Retrieved from FRB Services.
FedNow may stumble without nonbanks, cross-border payments
“In addition to cross-border payments, the benefits of FedNow must be widely available to Americans through competitive, diverse providers — including nonbanks,” writes a U.S.-based Wise executive.
Rina Wulfing • Oct. 19, 2022 -
Permission granted by Terry Banks
Banks and fintechs don't need to fight
Customers win when banks’ strengths — customer relations, scale, profitability and brand — are paired with best-in-class cloud-based software to complement existing systems, writes Modern Treasury CEO Dimitri Dadiomov.
Dimitri Dadiomov • July 19, 2022 -
3 ways banking and finance could blur in 2022
Relationships have taken root where there was once overlap between banks and other financial service providers, writes Fabrizio Burlando, executive vice president of consulting at Mastercard.
Fabrizio Burlando • March 17, 2022 -
Chip Somodevilla via Getty Images
Regulation by enforcement isn't serving CFPB, consumers or banks
Establishing clear and transparent rules of the road, rather than announcing guidance through an enforcement action, will yield greater compliance and strengthen protections for all consumers.
Richard Hunt • Nov. 12, 2021 -
Is finance ready for the super-app revolution?
With a market of specialized fintech offerings and a customer base hungry for streamlined solutions, there's a race to become the provider of all services. The burden lies on the platform provider to deliver an exceptional experience.
Kathryn Petralia • Nov. 5, 2021 -
Permission granted by Alliant
Fintechs are friends, not foes, of traditional financial institutions
To test the waters, a financial institution might consider purchasing a pool of loans from a trusted credit union or banking partner that sourced these loans in conjunction with a fintech, an Alliant Credit Union executive suggested.
Charles Krawitz • Nov. 2, 2021 -
A new leaf for the bank branch
A café might be a reason to visit a bank branch. But a customer journey map would let banks see how customers interact with digital channels outside the branch and inform digital-first branch remodeling.
Mohamed Abdelsadek • July 26, 2021 -
Fotolia
3 steps for scaling as an alternative lender
Leaning on a growing segment of borrowers (small-business owners), leaning into digital transformation and picking the right solution can help alternative lenders scale through a downturn.
Jorge Sun • Feb. 12, 2021 -
Fotolia
The way we look at brokered deposits for banks is broken
A bank that predominantly holds traditional core deposits is susceptible to a "bank run," whereas one funded primarily by brokered CD deposits is not. That's because these deposits have precise maturity dates.
Charlie Knadler • Feb. 4, 2021 -
3 ways to reimagine loyalty redemption in a post-COVID world
Providing offers consumers care about is not enough, writes Mastercard executive Jamie Samaha. A clunky, manual redemption process can leave cardholders feeling disengaged or duped.
Jamie Samaha • Sept. 28, 2020 -
Fotolia
What is slowing banks' digital transformation?
Lightico CEO Zviki Ben Ishay provides a look at some of the obstacles banks face, including organizational resistance, scalability issues, legacy IT systems and fears about compliance.
Zviki Ben Ishay • Aug. 17, 2020 -
The digital transformation of payments reaches its next phase
In addition to providing the technology tools, banks must help educate clients and provide guidance to help ease client transformations from paper to electronic solutions, writes Carl Slabicki of BNY Mellon Treasury Services.
Carl Slabicki • Aug. 4, 2020 -
Blockchain technology will remove barriers to instant international settlement
Participants on a next-generation network can transact and have the transaction visible and settled between parties in minutes or even seconds instead of days, writes Haohan Xu, the CEO of Apifiny.
Haohan Xu • July 16, 2020 -
Don't fight for deposits. Win the hearts of consumers.
A product-agnostic and engagement-friendly approach encourages employees to solve for customers' end dreams — not to hard-sell a particular piece of technology, writes Alden Seabolt, consumer banking lead at Blend.
Alden Seabolt • April 29, 2020 -
Reciprocal deposits can help community banks save small business
Allotting space on their balance sheets allows banks to immediately increase lending to small businesses before having to scour for additional deposits, writes Tom Nelson, CIO at Reich & Tang.
Tom Nelson • April 22, 2020 -
Banks prioritize technology to deliver during coronavirus crisis
At a time when human-to-human contact presents a risk, automation is seeming less like a disruption, writes Octavio Marquez, senior vice president and managing director, Banking Americas, at Diebold Nixdorf.
Octavio Marquez • April 20, 2020 -
National Institute of Allergy and Infectious Disease. (2020). "Novel Coronavirus SARS-CoV-2" [Image]. Retrieved from Flickr.
Banks should double down on personal touch despite coronavirus fears
Financial institutions should be taking extra steps to help their senior customers use digital tools, NBH Bank's Whitney Bartelli and Patrick Sobers write.
Whitney Bartelli and Patrick Sobers • March 23, 2020 -
3 ways community banks can harness the changing definition of 'community'
Catering to a group that shares an affinity such as a local sports team can help a community bank strengthen its bond with potential customers, writes Dondi Black, a senior manager of payment services at FIS.
Dondi Black • Feb. 19, 2020 -
Industry-led groups are only the 1st step to open banking
U.S. policymakers must make financial data sharing more fair and transparent if they want Americans to have the same access to fintech tools as other people, a Financial Data and Technology Association executive writes.
Steve Boms • Jan. 27, 2020 -
Rohit Tandon via Unsplash
Mobile wallets let local markets leapfrog card payments
Fintech innovations have enabled many countries to skip over certain payment methods in their financial evolution, writes Steve Villegas, a vice president at PPRO.
Steve Villegas • Jan. 21, 2020 -
Dropping 'digital' from digital banking: 5 trends for 2020
Tech companies that want to bank could have a breakout year. Meanwhile, businesses will continue to go paperless, people cashless, and banking-as-a-service will court greater buy-in, a Mastercard executive writes.
Jeff Hindle • Jan. 13, 2020 -
Permission granted by BankMobile
3 questions to gauge how well a fintech partnership fits
Investigate your potential partner's sustainability, relationship with regulators and approach to fighting fraud before joining forces, writes BankMobile's Luvleen Sidhu.
Luvleen Sidhu • Dec. 16, 2019 -
Banks should apply customer data more smartly to instill greater trust
Financial institutions are often strong on security, but they should consider emulating Amazon or Netflix, which boost user experience by proving they know their customers' preferences, Experian's David Britton writes.
David Britton • Dec. 9, 2019
