This is a roundup of industry news and links for the week of February 6th that have informed, entertained, and inspired.
Here’s our weekly roundup of industry news:
Why 2017 Will Be the Year of Artificial Intelligence in Banking – Artificial intelligence is coming to banking — scratch that, it’s already here, but customers may not have noticed. AI is already playing a role in consumers’ lives, whether they know it or not. Talking to Siri, looking at recommendations from Amazon or Netflix, or chatting with Google Home about the temperature — AI is all around us, and we’re growing more comfortable with it all the time.
Tax Time Saving Tips – Saving while filing your tax return is easy and can be automatic. Saving can help you be prepared for financial emergencies and begin to plan for the future. If you’re feeling like you just can’t get ahead, saving at tax time may help you get started.
Saving throughout the year can be tough. It may feel like every paycheck is spent before you get it. You might not have access to an easy way to save, like a separate account or automatic deposit from your paycheck.
What Is the CFPB and What Does It Offer Consumers? – The new Presidential administration will soon dissect the Dodd-Frank Act, a group of regulations the Obama administration developed in response to the 2008 financial crisis. Some political analysts expect them to disband the Consumer Financial Protection Bureau (CFPB). So what exactly is it, and what does it do for consumers?
Bank Branches of the Future Are Already Here, BofA Says – The future of the bank branch has arrived, and it all starts in Minneapolis (and Denver). Dean Athanasia, co-head of the consumer banking unit for Bank of America, said during an investor conference on Tuesday:
We’ve got completely virtual branches with people and completely automated branches, we’re testing, we’ve got three out there. So, those are the things I’d look at in terms of investment. Things that will carry you into the future, not necessarily the immediate bottom line today, but you’re investing and preparing for the future and where this is all going.
Payments predictions for 2017 – It’s time to put our carefully laid plans for 2017 into action. What will 2017 bring? We asked two CSCU thought leaders to share with us their predictions for the year and implications for the credit union community.
Meet the New Technologies Demoing at Bank Innovation 2017 – Companies from a wide range of fintech are finalists in the demo contest at Bank Innovation 2017, the event announced today. The finalists were chosen from applicants from around the world. A total of 12 companies will demo at Bank Innovation. The winning startup will be named Best in Show.