This is a roundup of industry news and links for the week of June 11th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Get Ready for the Bank of the Gig Economy – What do Under Armour and Apple’s Beats by Dre have in common? Talent has been recruited from both companies to kick-start a bank that’s a non-bank. “We don’t want to call ourselves a ‘bank’; we want to be called Cogni,” said Archie Ravishankar CEO of Cogni.
Technology Must Make Digital Banking More Human – As technology continues to transform every facet of the banking industry, the importance of the human element never been greater. In this exclusive interview, Duena Blomstrom discusses her book, Emotional Banking, and the importance of changing the legacy banking culture of processing transactions to a culture of developing emotional connections.
Nine years on, ‘Big Data’ is finally hitting the mainstream – Nick Jewell, Data Evangelist at Alteryx explains to Information Age how with the evolution of data analytics technology, ‘Big Data’ can finally deliver Big Business Benefits for companies other than the tech giants. The article explores the various components of data analytics technology that have evolved to make this possible.
Banking Providers Must Overhaul Lending for Digital Millennials – Millennials have more contempt for credit card debt than other generations so they are seeking new lending options with greater flexibility. They want a new breed of loan, and they are increasingly willing to take their business to megabanks and alternative lenders if that’s what it takes to find it.