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"Corporate Banking Modernization: Why Now?" Exciting developments are underway in the world of #CorporateBanking with modernization transforming this critical sector. 🔍 Explore the latest trends, strategies, and innovations in this 5-minute read. 👉 Check out the full article here: //https://lnkd.in/ezH5KinR #BankingInnovation #Innovation #FinancialServices

May is here and the Barlow Research Business Banking Conference in Columbus is just over two weeks away! Make sure to stop by and visit IBISWorld on May 21st. #smallbusinessbanking #marketresearch #middlemarket

Please check out our latest research on commercial banking trends for 2024

Throughout my interactions with bank customers, I've observed a considerable knowledge gap regarding the true scope of banking. Many people tend to view banking as simply involving deposits, withdrawals, and transfers. However, the reality is that banking is a multifaceted industry that extends far beyond these basic functions. The banking sector plays a critical role in the global economy, influencing everything from personal finance to international trade, and involves a wide range of services including risk management, wealth management, investment services, regulatory compliance, financial planning, and more. Yet, these complexities often remain underappreciated by the general public. In response to this, I am excited to introduce a new series where I will delve into the various aspects of the banking industry. This series aims to provide insights into the broader functions of banking, demystify the industry’s inner workings, and enhance your understanding of how banks operate beyond the surface level. Stay tuned as we explore the intricacies of the banking world and uncover the essential knowledge that every bank customer and banking professional should possess. #bankingseries #Bankingbusiness #banking

🔍 Understanding Internal and External Components 🔍   We break down Banking Optimization elements into two groups; Internal and External.   You’ll understand that internal components of our Banking Optimization assessment will be focused on what the business does internally, regardless of its banking partners. While these actions still implicate the banks, they are typically planned and executed with non-normative, or agnostic attitude.   External components are bank-specific, and will largely vary depending on the relationship’s quality, the banker’s discretions, the shared-overall book, the liquidity, payments and borrowing volumes, territories, regulations and governing bodies over each bank.   The greater the banking footprint, the more likely you will find gains in optimizing it. And the gains are amazing.   #InternalComponents #ExternalComponents #BankingOptimization #BusinessImprovement

The market for commercial banking and payments is evolving quickly, offering huge opportunities for proactive financial institutions. Keeping up with trends is crucial as dynamics shift. Check out Datos Insights' Top 10 Trends in Commercial Banking & Payments for 2024 to help you stay ahead.

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With inflation continuing to affect most consumers, personalized financial advice has become crucial for a meaningful banking experience, especially for younger customers. 🔑 Key findings from the J.D. Power 2024 U.S. Retail Banking Advice Satisfaction Study include: - Younger customers recall financial advice significantly more than the industry average. - Most bank customers act on advice. - Many banks struggle with consistently providing personalized advice. 👉 Learn from the press release: https://hubs.la/Q02CGv7m0 #FinancialAdvice #FinancialAdvisor #Banking #BankingAdvice #RetailBanking #Banking #Banks

Just like ensuring seamless money movement, swift contact center action, or frictionless digital experiences - banks must think about advice or guidance as a transaction opportunity. Advice is not just for the affluent. How can banks best optimize that chance to deepen customer relationships? Finding the right personalized approach that provides quality direction, with a clear call to action, in a repeatable frequent way, and conveys empathy isn't all that easy. J.D. Power's Retail Banking Advice study benchmarks this and more... Congratulations and applause for Citi for delivering their customers an exceptional Retail Banking Advice experience. #customerexperience #advice #money #wealth #financialhealth #personalizedengagement #banking