These 5 factors are fueling a massive transformation in banking

January 14, 2020

This is a preview of recent Banking research from Business Insider Intelligence. Business Insider Intelligence offers even more banking and finance coverage with Banking Pro. Subscribe today to receive industry-changing banking news and analysis to your inbox.

Spotlight

Beal Bank

Founded in 1988, the Beal Bank family of companies is headquartered in Dallas, Texas, and comprises one of the largest private financial institutions in the U.S. Our two partner banks, Beal Bank and Beal Bank USA, provide financial strength and stability, competitive rates and outstanding customer service. Our core service is offering competitive rates on a variety of savings products. Beal Bank and Beal Bank USA are members of the FDIC and all deposits are insured up to at least $250,000 per depositor. Equal Housing Lender.

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Infographic | May 6, 2020

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The next frontier in Banking transformation

Infographic | February 10, 2020

Here’s how digital security pioneer V-Key helps banks establish secure and agile digital channels, without hardware. As technology evolves, banks and financial institutions have no choice but to innovate. However, when it comes to security, many still rely on traditional, costly methods.

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HOW AI IS TRANSFORMING THE BANKING AND FINANCIAL SERVICES INDUSTRY

Infographic | November 1, 2021

37% of Financial Services firms globally adopt AI to reduce operational costs AI is poised to give the banking industry an aggregate potential savings of $447 Billion by 2023 A Juniper research predicts that 90% of interactions in banks will be automated by 2022 using chatbots As per research, AI will reduce banking operational expenditures by 22% Automating middle-oce tasks with AI has the potential to save North American banks $70 Billion by 2025.

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Gamification in Banking and Financial Services

Infographic | February 20, 2020

When there is a lack of trust and engagement, customers don’t consume products and services. Engagement is critical to keep your customers loyal to your brand. At the same time low engagement among employees causes high levels of stress and burn out. This results in decreased performance, not to mention that stress causes higher error rates, poor quality work, staff turnover and absenteeism.

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Evolution of Banking: From Brick-and-Mortar Banks to Digital Banking

Infographic | March 30, 2023

Mobile deposits, online bill payments, and real-time transaction monitoring make digital banking an appealing alternative to traditional banking.

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State of the Fintech Industry

Infographic | December 24, 2019

Tech firms have enjoyed a deluge of funding in the last few years. As discussed in our State of Venture Capital report, 2018, in particular, was a bumper year, with a total of $254 billion invested globally into ~18,000 startups through venture capital funds—a sharp increase of 46% from 2017’s total. Figures for 2019 are not yet completely finalized, but initial reports point to a slowdown in funding levels in the first half of the year and a mild rebound in Q3.

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Spotlight

Beal Bank

Founded in 1988, the Beal Bank family of companies is headquartered in Dallas, Texas, and comprises one of the largest private financial institutions in the U.S. Our two partner banks, Beal Bank and Beal Bank USA, provide financial strength and stability, competitive rates and outstanding customer service. Our core service is offering competitive rates on a variety of savings products. Beal Bank and Beal Bank USA are members of the FDIC and all deposits are insured up to at least $250,000 per depositor. Equal Housing Lender.

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