Blog Category Archive

Commercial Banking

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26 Jan
2017

Posted by
Chris Monaco

The Proliferation of AI and Automation in Banking

As investigations into Wells Fargo’s systemic banking fraud continue, new findings show that retail branches were given notice of internal audits a day or three in advance of them taking place. This allowed for managers and employees to scrub, purge and modify documents and data, which, by most firsthand accounts, probably looked something like this….

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29 Dec
2016

Posted by
Chris Monaco

Financial Services in 2016: Blockchain, Fintech, Fiduciary, Oh My

To say 2016 was quite the year for financial services, both positively and negatively, would be an understatement. Advancements in blockchain led to broad-based industry conversations and a few early adoptions of the developing technology. Banks continued to defend against a number of Porter’s Forces, including stubbornly low interest rates and emboldened fintech challengers. And…

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15 Dec
2016

Posted by
Chris Monaco

The Digital Transformation of Global Banking

McKinsey just released its annual review on the global banking industry, and the findings and projections within it are less than spectacular. In fact, one could say they are downright depressing. The three major factors contributing to banking’s phase of stagnant growth are low interest rates, digitization and regulation, which have been popular topics of…

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6 Oct
2016

Posted by
Chris Monaco

3 Takeaways from the ABA Bank Marketing Conference

Last week over 750 banking executives descended upon Nashville, Tennessee, for the 2016 American Bankers Association Bank Marketing Conference. Each day spent networking with and learning from industry experts at the downtown Omni Hotel brought a new set of engaging conversations, significant insights, intriguing strategies and impressive results. Starting with the ABA President and CEO…

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20 Sep
2016

Posted by
Chris Monaco

5 Topics to Follow at Next Week’s ABA Bank Marketing Conference

Starting Sunday and running through Tuesday of next week, the American Bankers Association holds its annual Bank Marketing Conference in Nashville, Tennessee. The event’s program primarily focuses on digital and social media marketing, branding, and keeping customers and employees engaged through integrated marketing. As always, it’s valuable to look at some of the latest topics…

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11 Aug
2016

Posted by
Chris Monaco

An Ode to My First Seismic Activity

Every August the entire Seismic family descends upon one of its two major operational hubs, Boston or San Diego, for a week of presentations, workshops, and breakout sessions. We even find time to watch a baseball game or hit the horse track. The name of the event is Seismic Activity, and this year, my first,…

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21 Jul
2016

Posted by
Chris Monaco

Low Interest Rates, High Uncertainty in Banking

Earnings season is upon us, and banks are once again parlaying the global headwinds they face and their industry’s intensifying competitive factors into a quarterly report worth celebrating. Thus far, results have been mixed. Incumbent institutions are competing not only with each other for market share, but also fintech challengers who are disrupting the industry….

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