AI Propels Financial Institutions into a New Era of Customer Engagement

Market share for community financial institutions has dropped below 20%. Megabanks and fintechs are gobbling up new consumers at an alarming rate. More than half of consumer loans are originated by fintechs. Commercial lending is next up for major disruption. How can you win consumers in this new marketplace? How can you preserve what truly makes you a community institution while embracing innovation that works? And how can you do it in an uncertain rate, economic, and regulatory environment?

For the first time, Mr. Shailesh Saraf will be hosting a webinar which will focus on guiding you on the best Mutual Funds to invest in. As stock market has sectors, Mutual Fund has different categories. We will be training you on different categories of Mutual Funds. If you know which category gives highest returns, you will be better equipped to invest in that category.

Many companies may require receipt of payment upon delivery, due to a new account being established without credit terms, past due payments, or simply for convenience. Other companies have tried to use the remote capture from their bank, but that only solves half of the problem – making the deposit. Most commercial mobile capture is designed for the treasurer or owner and is not optimized for collecting payments in the field. In all cases, your AR team is forced to develop complex workflows to accept field payments, which include having the rep receive the check, deposit in a local bank and then call the payment to your AR team. Or overnight the check and remittance, which is costly in time and takes your rep out of the field.

Financial institutions routinely open accounts for consumers and businesses and the rules for providing account disclosures, account agreements, and signature cards are well established. However, the legal and compliance issues involved with closing accounts are often more complicated. Why? Because there are wide-ranging situations, including accountholder death, suspected fraud or money laundering, disputes between account owners, and requests to levy funds. This session will address two focal areas. First will be the challenges of closing or changing consumer accounts. Second will be specific complexities regarding various ownership categories of business accounts.