Compound Interest: Best of November 2024
November 2024 brought significant developments in the banking industry as innovations in financial technology continued to reshape traditional banking systems. Leading institutions announced increased investments in AI-powered systems to enhance customer experiences and streamline operations, particularly in areas like fraud detection and personalized financial planning. Central banks globally emphasized their gradual implementation of digital currencies, with frameworks being tested in several key markets. Meanwhile, regulatory changes aimed at improving transparency and cyber resilience took center stage in discussions across major financial hubs. These initiatives highlight the ongoing transformation of banking, as firms adapt to address both technological advancements and evolving consumer expectations.
Some of the top articles we found include:
Challenges to regulatory requirements: https://bankingjournal.aba.com/2024/10/aba-urges-agencies-to-ease-regulatory-burden-on-banks/?fbclid=IwY2xjawG6jHxleHRuA2FlbQIxMAABHXsFN4ao7sBzzQGtk_ONjenWBwl0hiourAKcKBzuGAh7LjLWmvWYENKmrg_aem_Pcd6fP31LJi0dLzJwq6Egw
Traits of high-performing Credit Unions: https://thefinancialbrand.com/news/loan-growth/high-performing-credit-unions-all-share-this-one-trait-and-its-critical-to-loan-growth-182740/?fbclid=IwY2xjawG6jJVleHRuA2FlbQIxMAABHZqpbw6jgkd8q_vNGsdcDimyVxODRURWF5Q5MNCBVkYxIpFbn1-XNbK-fw_aem_VEoiq0n5VCR_0TLFo3LNAg
Personalization for deposit retention: https://bankautomationnews.com/allposts/retail/capital-one-fibt-and-truist-tap-personalization-for-deposit-retention/?fbclid=IwY2xjawG6jK9leHRuA2FlbQIxMAABHS-i_mI2DCNWIZeFWBA5zv1ZbpwSOagEgNIN2tM4_O2X2LMq9AdxTDKeUA_aem_bpUHqhWh4wIidMpfldLZzg
Core values of relationship banking: https://bankingjournal.aba.com/2024/11/chairs-view-core-values-in-an-ever-changing-world/?fbclid=IwY2xjawG6jMxleHRuA2FlbQIxMAABHThygmEGSt3FsdZXyPkwivO6gcEyLSPEuFEOapTh6dC47rdJfOMUCMP9Qw_aem_v5u0Qfm2pnwIl9YcCqxcJA
