Darryl Knopp
Financial Institutions Reject Open Banking at Their Own Peril
Banks Should Embrace the Opportunities Created by Open Banking The growth of FinTechs and our increased reliance on online payment platforms has led to a sharp rise in digital banking services, as more and more customers link their accounts between different providers. This trend, enabled...
Rising Inflation and Cost-of-Living Hits Savings and Deposits
Rising inflation, an uptick in interest rates, and soaring cost-of-living are prompting savvy-savers in the U.S. to make decisions regarding their deposits such as dipping into hard-earned savings and cash reserves, or switching to more competitive accounts. New FICO research reveals how consumers’ saving behaviors...
How Banks Can Tackle the FinTech Threat
Counterattack: Banks’ Field Guide to FinTech Disruption As record levels of funding pour into FinTech ($131.5 billion globally in 2021), banks and credit unions are losing their status as primary financial services providers to U.S. consumers. Banks are rightly concerned with the competitive threat posed…
Customers Are Telling You What They Want – Here’s How to Listen
Two years after a pandemic sent more consumers online than ever, 76 percent are now banking on their mobile devices and 82 percent use digital payments – it’s not clear their financial institutions are taking full advantage. According to a survey by FICO, while 86...