Financial industry news

Banks are confronted with unique challenges and opportunities in an era where digital transformation is not just a trend, but a transformative force that is reshaping industries. Since the early 2000s, the financial sector has been on a transformative path, driven by rapidly advancing technologies and evolving customer expectations. To stay competitive and relevant, banks […]

Learn how advanced CRM strategies can enhance customer engagement and reduce costs in banking with a customer-centric approach and technology.

The Growing Importance of Transactional Data in Banking Transactional data has emerged as a cornerstone for innovation and customer satisfaction in the rapidly evolving financial sector. This data, generated from everyday financial activities, holds the key to understanding customer behavior, preferences, and needs. Banks that harness this information in real time can gain a significant […]

The concept of primacy in the banking sector encapsulates a bank’s strategic objective to become the primary financial institution for its customers—a coveted position that signifies the first choice for all banking and financial services. Achieving primacy not only reflects a bank’s competitive strength but also its ability to forge deeper, more resilient relationships with […]

The landscape of mobile banking has witnessed profound changes, particularly in recent years. Statistics from 2021 onwards indicate a robust growth in mobile banking usage among consumers in North America. This uptick is not merely in terms of frequency of use but also in the diversity of transactions and interactions. From checking account balances to […]

In the competitive banking industry, standing out in marketing financial products is key to success. This post delves into how deferred payment services and small personal loans, through innovative strategies and advanced analytical tools like Latinia NBA, can optimize their lifecycle and maximize their impact in the market. The Importance of Small Consumer Loans in […]

Travel Peaks Effects on Banking Services The elevated activity offers banks an opportunity to earn more through transaction fees, interest, and other services. But on the other hand, the surge in demand can easily overwhelm customer service departments and existing banking infrastructure, leading to delays, operational bottlenecks, and ultimately, dissatisfied customers. A single bad experience […]

The banking landscape, once primarily characterized by tradition and steady processes, has been invigorated by the digital revolution. This transformation is not just about speed or efficiency but a more strategic adaptation of resources.  A critical component of this evolution is understanding how real-time transaction events can be harnessed to create advanced business rules. For […]

Next Best Action (NBA) and Next Best Offer (NBO) campaigns are a very effective customer development tool. NBAs allow banks to show a willingness to respond to customer’s needs in a timely manner and avoid blasting one campaign or messaging out to every customer. In this article, you will learn how to perfect your Next […]

Each customer is unique, with their own distinct set of needs, desires, preferences, and behaviors. While many financial institutions have become adept at managing customer relationships by collecting extensive data on customer preferences and behaviors, these efforts are often constrained and primarily centered around customer interactions through digital channels.  Be part of your customer’s daily […]