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The Rise of Fintech and its Implications for Financial Institutions

The Rise of Fintech and its Implications for Financial Institutions

Fast change is built into our modern society, and no industry can hold back time. The financial services industry may have come the closest by holding innovation hostage to risk management for decades. But, with the rise of fintech firms and heightened customer expectations, financial institutions must catch up or face the consequences, according to The Financial Brand.    While plenty has been written on the meteoric rise of leading fintech firms, it’s no secret that these firms have made borrowing, budgeting, collecting, saving and spending money as easy as playing games on a mobile phone. 

4 Ways Financial Institutions Benefit from Sharing Data Across Financial Platforms

We’ve written a fair amount about open banking and the many changes it will bring to the financial services industry. By now, it should be apparent that nothing will stop this evolution in financial services. Even so, some institutions continue to resist it in a misplaced effort to protect their institutions from perceived threats.   While there are serious threats involved in the movement towards open banking, they can be managed and the benefits it brings far outweigh

Teachers Credit Union Retains Xtensifi to Create Strategy and Features for New Digital Banking Solution

ATLANTA, May 19, 2020 – Xtensifi, a digital consulting and development firm that enables financial institutions and fintech providers to create and execute their mobile and online strategies, announced it was selected by Teachers Credit Union (TCU), the largest credit union in Indiana, to assist with its adoption of the Constellation Digital Platform. In looking to expand the breadth and depth of its digital offerings through the use of the Constellation platform, TCU first engaged Xtensifi to help build out