This is a roundup of industry news and links for the week of January 21st that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Regulatory Compliance Update January 2019 – We have reviewed the Compliance News for December 2018. The National Automated Clearing House (NACHA) and the IRS have issued new regulations.
Top Branch Trends for Banks and Credit Unions In 2019 – Technology is driving more self-service options in branches and having a massive impact on how branch staff interact with customers. These two closely interconnected factors will determine the fate and future of the brick-and-mortar channel in banking. For retail financial institutions that accelerate their transformation strategies, branches striking the right balance between people and technology can remain productive weapons.
Artificial Intelligence and the Future of Autonomous ‘Hands-Free’ Banking – Business transitions can prove painful. Consider the automotive industry, as carmakers take drastic steps to shift toward development of self-driving cars. By contrast, progressive banks and credit unions face a more promising path. With the introduction of smart money tools for digitally fluent consumers, providers can transition toward “self-driving finance.”