Customer’s Expectations in Banking

With today’s technology, information is available at the speed of light at people’s fingertips, making nearly everyone expect more. Banking customers expect immediacy and efficiency with a touch of personalization in their financial services. Partnering with fintech companies is an easy way to meet the following customer expectations:   More Personalization: Customers want a personalized Read more about Customer’s Expectations in Banking[…]

The Evolution of Banking

Banks are one of the oldest, and most important businesses of our industries. Banks have two important economic functions, the first being financial intermediation. The money deposited, lent or invested in banks go towards the creation of governments, households, and business enterprises. Most banks are profit-seeking corporations that make their profits by charging borrowers. This Read more about The Evolution of Banking[…]

What Banks Should Learn From the Demise of Retail Store Fronts

The narrative of the struggling retail industry should be watched carefully by banks. The banking industry and the retail industry have several parallels: both depend on customer satisfaction to survive, both are industries that have business practices involving expensive physical stores, and both have been impacted by evolving shopping habits and aggressive competition from start-ups Read more about What Banks Should Learn From the Demise of Retail Store Fronts[…]

Will Fintech Require Regulation?

Fintech is a rapidly evolving sector that has increasingly drawn the attention of many regulators. Even though President Trump has promised to reduce regulations across the economy, it is speculated that fintech could expect to face quite the opposite trend. This industry is growing at a fast pace. A Business Insider Intelligence found that “in Read more about Will Fintech Require Regulation?[…]

Community Banks & Their Benefits

Community banks are a solution for people who are looking for full banking services in their suburbs or towns. Legally speaking, community banks keep it simple. A majority are stand-alone or is owned by a bank holding company (BHC), which is a corporation designed for the purpose of owning a bank.  Your deposit in a Read more about Community Banks & Their Benefits[…]

Zikher Will Participate in Queen City FinTech Accelerator!

Zikher Will Participate in Queen City FinTech Accelerator!  Zikher is excited to announce its participation in Queen City FinTech among a class of financial technology startups!  San Francisco, CA. Zikher was selected along with twelve other fintech startups to participate in the Queen City Fintech accelerator program in Charlotte, North Carolina. This year, the program received an Read more about Zikher Will Participate in Queen City FinTech Accelerator![…]

Credit Unions & Their Benefits

If you’re wondering what credit unions are and want to know everything about them, then you’ve come to the right place! Investopedia defines a credit union as, “a member-owned financial co-operative that is created and operated by its’ members and profits are shared amongst the owners.” Credit unions are similar to banks in the sense Read more about Credit Unions & Their Benefits[…]

Millennials vs. Traditional Banking

Millennials are looking for banks that will give them that personal touch of banking and will judge banks based on their digital capabilities. If we are going to select a bank, an institution that will be responsible for managing­­ our money, you better believe that we are going to do our research and learn everything Read more about Millennials vs. Traditional Banking[…]

Financial technology Small banking fintech banking industry Dodd-Frank Act Dodd-Frank Repeal Pros & Cons: Repeal of The Dodd-Frank Act

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is a financial reform legislation passed by the Obama administration to decrease risks in the country’s financial system, in response to the financial crisis of 2008. In his presidential campaign, President Donald Trump vowed to repeal Dodd-Frank, and increase bank lending. The possible reasons Read more about Financial technology Small banking fintech banking industry Dodd-Frank Act Dodd-Frank Repeal Pros & Cons: Repeal of The Dodd-Frank Act[…]

How Fintech is Emerging

FinTech is at the forefront of the technological revolution in the banking industry, reshaping the status quo. Over the last few years, fintech has gained momentum in the the banking industry by making financial services faster and more accessible for businesses and consumers. Banks will have to innovate to keep up, or be left behind. Read more about How Fintech is Emerging[…]

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