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Innovation Readiness Playbook

NEW DATA: Why 100% Of Mid-Sized FIs Fail To Climb The Innovation Curve

Here’s a shocker: 15 percent of mid-sized financial institutions don’t plan to introduce anything new — products or features — to their customers, and 45 percent say no to new products. The latest Innovation Readiness Playbook examines where the innovation deficiencies lie and offers specific insight on what mid-sized FIs must do to climb the innovation curve.

SMB Lending

Why SMB Lenders Need Straight Through Data

The definition of friction in lending is when online financial data is printed out by the SMB, delivered manually to the lender, who then manually keys all of it into their own digital systems. Steven Brennan, SVP lending for Validis, told Karen Webster it’s what APIs and a team of forensic accountants at Validis tackled by delivering “straight through data” from the SMBs' accounting system directly to the lender’s underwriting platform. No paper required.

Digital ID

Equifax And Entersekt Team Up To Stop ID Fraud

No data is safe in the wake of the Equifax breach — at least not the static kind, such as SSNs and drivers’ license numbers. That’s why Equifax has teamed up with Entersekt to launch a mobile digital ID initiative to shore up fault lines in the battle over ID fraud. Entersekt CEO Schalk Nolte tells Karen Webster how the mobile device can ward off the bad guys by putting customers in control of how their information is used.

TRENDING: Will Millennials Flock To Next-Day Cash Back Debit Rewards?

Millennials like credit card rewards, but don’t like credit card debt. Bank of the Internet USA EVP Eduardo Urdapilleta tells PYMNTS how next-day cash debit rewards offer millennials the best of both worlds, and how Urdapilleta and BofI are betting big that this new twist on an old card experience will appeal to this debt-averse generation, in the latest Disbursements Tracker. Find out why — and how.

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