What Is Stopping Your Financial Institution’s Digital Revolution?

However, if these touchpoints are isolated from each other or from traditional channels such as call centre or branch, your customers will use them as standalone services with rather low engagement. And you’ll continue losing money on routine operations and IT maintenance of all the siloed products, getting lower income as a result. What’s the solution? Become a digital-first bank — implement your own smart and nimble omni-channel platform, digital to the core. This means you have to stop tweaking channels and products, reinvent your business model and alter the way of thinking.

Learn how Acre Homes built a modern home ownership experience with Plaid. Plaid’s suite of credit products enabled Acre Homes to build a seamless application experience, leveraging Plaid’s best in-class conversion practices. With the direct from source bank account and income data, Acre is able to glean deeper insights into their potential home buyers to make the most informed decisions.

Volatile markets, rising rates and lower valuations have put a damper on bank M&A activity in 2022. However, the need to achieve operating leverage and scale has not receded and banks should continuously evaluate how they can maximize stakeholder value. The call for new ways to become more efficient, build scale, expand product offerings, and keep pace with digital adoption remains at the forefront, and partnering with another institution can help banks achieve those goals more quickly. However, in the unprecedented economic environment we’re in, properly assessing risks associated with M&A, particularly if the U.S. economy moves into a recession, is essential.

It’s been almost a year since the U.S. Supreme Court endorsed economic nexus in South Dakota v. Wayfair. This session Thomson Reuters Indirect Tax Proposition Leader, Adam Schaffner, and Proposition Manager, Melissa Oaks, will provide an overview of key state tax developments since the decision and how tax technology can help yo