Weekly Coffee Break: Roundup of Industry News

Weekly Roundup of Industry News
This is a roundup of industry news and links for the week of March 13th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

6 Innovative Ideas for 2017 and Beyond – What’s keeping bankers awake at night in 2017 – and what’s helping them leap out of bed in the morning, ready to help make customers’ financial dreams come true?

We got a glimpse of this at Bank Innovation 2017, our invite-only event in Silicon Valley earlier this month. (If you missed the action and are interested to see the flow of ideas/snark on Twitter, check out the hashtag #gofintech.)

The future of faster payments is collaboration – This is an exciting time to be in the business of payments. The industry is taking bold steps to create faster, safer solutions for a variety of personal and business payment needs. In fact, the technology for faster payments, including same-day and real-time, exists and is available to provide broad value to the marketplace.

Artificial Intelligence to dramatically impact businesses – LONDON: Artificial intelligence, regarded as “essential” to competitiveness, will have a dramatic impact on businesses by 2020, according to a study by India’s leading IT services provider Tata Consultancy servicesBSE 0.31 %.

Focused on the current and future impact of Artificial Intelligence (AI), the seventh Global Trends Study, concluded in June last year, polled 835 leading executives across 13 global industry sectors in four regions of the world, finding that 84 percent of the companies see the use of AI as “essential” to competitiveness, with a further 50 per cent seeing the technology as “transformative”.

If You Want Free Checking, Try a Credit Union – If you’re still paying for your checking account, it might be time to switch banks. Or, better yet, try a credit union. According to a recent survey from Bankrate, you might have more luck.

Bankrate’s survey found that 84% of credit union checking accounts come with no monthly maintenance fee. What’s more, when they do come with a fee, that fee is pretty easy to avoid.

5 Steps To Prepare Your Bank For AI – Artificial intelligence is coming to banking. Here are five steps that can help you plan a strong AI strategy for your bank or credit union.

Artificial intelligence (AI) might sound like something out of a science fiction novel, but it’s becoming a reality faster than you might think. Owing to recent advancements in big data, computational hardware, and machine learning, artificial intelligence is becoming increasingly powerful and useful by the day.

And the technology isn’t going away anytime soon.