Hapax

Hapax will be attending the annual American Bankers Association Convention next week! 🏦 We'll be in NYC participating in conversations about the trends shaping our industry and all things #strategy and #innovation. See you there? #ABAConvention

Do you know the REAL cost of compliance? 👀 According to the #DocumentationDilemma Report, small to mid-sized banks and credit unions are struggling to stay up-to-date with the latest federal and local regulations. 61% of bankers told Hapax that #compliance burdens are disproportionate for smaller institutions compared to their larger counterparts. And when banks struggle to keep up with changes, it has serious ramifications: 45% agreed that the management of policies is putting their institution at risk. ⚠️ Download the full report today for more. https://bit.ly/4dcs5xj #AIForBanks

Are your customers hesitant to embrace #AI? They're not alone. A recent J.D. Power report revealed that while customers are optimistic about how AI will improve #FinancialServices, they still feel left largely in the dark and prefer to interact with real, human bankers. With less than 30% of consumers trusting AI chatbots for financial information and advice, financial institutions must prioritize providing stellar human support to maintain public trust. AI that's purpose-built for bankers will free up their time and energy to do just that - build relationships with clients, help solve their financial woes, and even educate them on how AI makes it all possible. #Transparency, above all else, is critical. Check out this article from Banking Dive for more. https://bit.ly/4gOD9D3

How long does it take to bring your institution up to speed with the latest regulations? Download the full #DocumentationDilemma Report for more insights on navigating bankers' biggest #compliance challenges. https://bit.ly/4dcs5xj #AIforBanks

Thank you to Jack Henry for having us at your annual Connect conference in Phoenix this week. We were so impressed with the amount of #innovation and #inspiration on display, and can't wait for next year. Kudos to Aaron Kwan, Robert Seale and Jonny Rosen for representing Hapax! #JackHenryConnect2024

Hapax is attending Jack Henry Connect this week! 🎉 We'll be in Phoenix all week reimagining the future of #FinancialServices with fellow industry innovators. Come stop by the Innovation Pavilion and say hi to our team at Booth 5, or message us to set up a coffee chat! #JackHenryConnect2024

Hapax will be at Jack Henry Connect 2024 next week in Phoenix, AZ! 🎉 We're looking forward to connecting with other industry leaders to reimagine the future of #FinancialServices together.

What role does #AI play in employee retention? 🤔 Having the right tools in place should be part of every financial institution's #retention strategy - especially during the industry's ongoing labor crisis. According to the Documentation Dilemma Report: ⚠️ 61% of institutions are facing #staffing challenges ⚠️ 39% of employees currently want to leave their jobs ⚠️ 38% want to leave the financial services industry altogether Financial institutions urgently need to equip their workforce with tools that make their lives easier - and employees agree: more than half (53%) of bankers believe AI has the power to improve their job satisfaction. AI-powered solutions purpose-built for the financial services industry will therefore prove a major competitive advantage when it comes to boosting retention. Download the full Documentation Dilemma Report for more insights. https://bit.ly/4dcs5xj #DocumentationDilemma #AIForBanks #EmployeeRetention #Turnover

So well put, Kevin Green! Technology shouldn't widen existing gaps between financial institutions large and small - it should BRIDGE them. #AIForBanks

Your financial institution is always evolving - which means your #AI tools should too. No matter the size of your bank or credit union, the technology you rely on should be scalable and customizable. Bankers need tools they can tailor to their specific needs, tools that adapt as their operations grow or change. Don't settle for technology that becomes obsolete once you expand to a new region or enter the next phase of your business. Book a demo with Hapax today for a tool that grows with you every step of the way. https://bit.ly/46eB92k #AIForBanks