Lenders See Opportunities with Personal Loans
From vacation spending and major purchases to emergency expenses and debt consolidation, consumers in recent years have turned to personal loans for their cash needs. Balances in unsecured personal loans reached a record $156 billion in the U.S. during the third...
Report: What Retail Banks Can Do to Remain Relevant
With customer behaviors changing and challengers such as digital giants, fintechs and neobanks vying for market share, traditional retail banks must act now or lose out later in their quest for growth, according to a new report by Boston Consulting Group titled...
Leading Banking’s Laboratory
Ashley Nagle Eknaian Chief digital strategist and head of Eastern Labs, Eastern Bank Age: 41 Industry experience: 19 years Ashley Nagle Eknaian did not start her financial services career working with technology, but after almost two decades in the industry, she’s...
Fed to Build Own Real-Time Payments System
The Federal Reserve announced today it will challenge a banking industry-backed group for real-time payments customers by developing its own system. The Federal Reserve Board said the Federal Reserve Banks will develop a new, round-the-clock, real-time payment and...This Week’s Paper: Digital Edition
