Banks and credit unions are working to modernize digital banking experiences by partnering to an increasing degree with fintech firms and third-party solution providers. These collaborations are improving the speed and scale of innovation, often replacing core providers and saving money compared to creating solutions internally.

Read the full article at: www.cuinsight.com

If you’re looking for a few good Finance pros to beef up your ranks, you aren’t alone. Nearly two-thirds of businesses plan to add new positions to their rosters in the first half of 2022 – and hiring Finance staffers is a top priority.

Read the full article at: www.cfodailynews.com

Looking ahead to what is in store for the banking industry would be impossible without taking the pandemic’s transformational changes into account. Covid-19 has accelerated trends which were already underway in most industries, and banking is no exception. While the industry has been transforming for years, progress has been piecemeal as a result of regulatory complications, data protection considerations and a reluctance to change old ways.

The crisis has presented banks with a golden opportunity to regain the trust lost in the last financial crisis. Here, banks have had the chance to be the “good guys” by supporting their customers throughout the current turmoil. Research from Modularbank cites tech as a key factor for UK consumers when choosing a bank.

Read the full article at: www.financedigest.com

2021 was kind to most investment banks and financial services professionals, and if you work in the industry this beneficence should be on display when bonuses are awarded in the next few weeks. But what goes up is always in danger of going down, and after a heady 12 months, some areas of the industry are looking a little frothy. Others are likely to remain in their state of excitement for the year to come. 

Read the full article at: www.efinancialcareers.com

Times of crisis force us to adapt, to take new and different approaches – and to question the existing ones in order to survive.

The savings and loan collapse of the 1980s, the 9/11 attacks on New York, the sub-prime mortgage crisis were all pivotal moments that caused radical rethinking of not only business processes but technology and the way we rely on it.

As a crisis, today’s pandemic is exceptional. It is rapidly rewriting the rules for business processes, customer engagement and technology to, in many cases, limit or dispense with human contact.

In the financial services sector, this transformation has been the driving force behind major technology investments in recent years. A much greater focus has been placed now on digital technologies to ensure business continuity, not only during this crisis, but well into the future.

Read the full article at: dofonline.co.uk

Mortgage servicing companies and related businesses have worked to offer better diversity in their companies for many years, but those efforts came into even more focus in 2020 following months of protests and a renewed societal focus on questions of equality and how to move past lingering legacies of racism. 

 The diversity movement strives to eliminate the glass ceiling minorities and women have faced for years, seeking both to offer greater opportunities within the servicing industry and to promote a stronger sense of inclusion for those who join the fold. 

“Diversity is still a work in progress,” said Ulysses Smith, Head of Diversity, Inclusion, and Belonging for Blend. “Many communities have been left behind.” 

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Read the full article at: dsnews.com