Mid-tier regional banks, community banks and credit unions are under increasing pressure from larger, national banks intent on luring away their customers. Seeing their deposits pulled away by these competitors is one of the most ominous trends in the industry right now. To put the problem in perspective, whereas average
Today’s consumer is accustomed to constantly being connected via mobile, social media, and real-time technology. With the increased use of on-demand applications and services and the influence of social media, the way people connect, share and communicate has resulted in more demanding customers requiring a high level of service. They expect personalized services in
Nearly every management team working in financial services today is focused on the digital channel. It has become a competitive mandate. According to a recent Accenture North American Consumer Digital Banking Survey, virtual banks and payment providers saw a net 15 percent gain in new customers in the past
ATLANTA, June 27, 2019 – Xtensifi, a digital consulting firm that enables financial institutions to create and execute their mobile and online strategies, announced it has become an AWS Partner Network (APN) Standard Partner with Amazon Web Services (AWS), a cloud computing service provider. APN is the global partner program for
The news that TD Bank Group will migrate its technology platforms to the cloud — in a similar vein to what Capital One Financial did earlier this year, but using a more gradual approach — may have come as a surprise to some. As American Banker editor at large
Like many companies, your business may be migrating to the cloud, building new systems or solutions in the cloud, or both. Businesses are moving to cloud computing because it’s economical, scalable, fast, and advanced—with more and better features than conventional technology. With cloud computing, companies can avoid extensive integration and maintenance efforts, because cloud services offer
ATLANTA, May 6, 2019 — Xtensifi, a digital consulting firm that enables financial institutions to create and execute their mobile and online strategies, announced that Daniela Prieto joined the Xtensifi team as general manager of the new Costa Rica development office. Prieto will be responsible for day-to-day operations of
It’s not news that consumers are looking for the latest and greatest in digital and mobile technology in their everyday activities—including banking. To get what they want, these consumers are not averse to looking beyond traditional financial institutions to fintechs and other third-party providers. Banks and credit unions are working hard to meet the same
As Amazon Web Services (AWS) and other cloud service providers continue to gain ground, many banks are moving their fintech applications to the cloud. They have sound reasons for doing so, as cloud computing saves costs, boosts efficiency, and offers layered security approaches as well as automated deployment models. Moreover, the barriers to entry are
ATLANTA, Feb. 25, 2019 – Xtensifi, a digital consulting firm that enables financial institutions to create and execute their mobile and online strategies, announced today that it was recently selected by Farmers Insurance Federal Credit Union to provide strategic consulting services to help accelerate digital transformation of member services.