This is a roundup of industry news and links for the week of October 15th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
The Future of Banking Is Mobile and ‘Mostly Cashless’ – The people have spoken. The future of banking is mobile and cashless, or at least “mostly cashless.” That’s according to Bank Innovation’s annual State of Banking Innovation survey for 2018.
Consumers Would Be Comfortable Using Google or Apple For Taking Out Loans, Survey Finds – Banks need not fear large technology companies like Google or Apple taking their business. Digital banking continues to be the most convenient option for simple daily transactions, but branches are still necessary for the more complex ones And yet banks should not ignore the shift in banking habits brought on by non-bank technology companies.
Shaw Systems Participates in Adopt A Soldier Program – Shaw Systems recently decided to participate in the Adopt a Soldier program. We organized a collection drive in both our Richmond and Houston offices to gather items to be sent to soldiers.
Selecting the Best Loan Servicing Software Vendor for Your Business – Banks, credit unions, and auto finance dealers may often wonder how they can choose the best loan servicing vendor for their business. You’ll want to be sure to select a vendor who understands everything about the lending cycle and whose associates have a lot of experience. Consider only those vendors who are well-established and have a continuous focus on the lending industry.