In today’s world, banks can no longer rely on branch traffic to generate account openings. However, simply enabling a remote account opening process is not enough. This 2021 Research Report looks at industry trends in account origination, where abandonment occurs, and how to reduce friction with digital identity verification – to help decrease abandonment and increase funding. See how keep pace with digital banks that saw 67% growth in 2020.
-
Chris Gorman and four other high-ranking KeyCorp executives have been granted a combined $16.7 million in performance-based equity awards that will vest in two years, as long as the Cleveland-based company meets certain capital requirements and earnings goals.
January 3 -
Arrow Financial in Glens Falls kept busy in December, consolidating its two subsidiary banks, expanding its board and restructuring its securities portfolio.
January 3 -
A recent industry survey finds most participating banks predict asset growth for 2025; Frax Finance launches a new stablecoin backed by BlackRock; Camden National closes its acquisition of Northway Financial; and more in this week's banking news roundup.
January 3 -
The digital bank unit of SMBC Manubank keeps costs low with remote employees and all tech in the cloud, President John Rosenfeld says.
January 3 -
Lenders across the country promoted from within to fill top executive roles, including First International Bank & Trust in Watford City, North Dakota.
January 3 -
Financial institutions need to beware of advanced persistent threats and of the potential security shortcomings of their vendors, experts say.
January 3