Banking

The risky bet of structural reorganization, layoff storm, and slumping stock: Where is Citi headed?

  • Amid the ups and downs, Citigroup is en route to a major structural reorganization followed by a new wave of high-profile exits.
  • Whether the restructuring effort can keep the positive investor sentiment intact and boost stock returns will likely depend on how effectively the workforce can rebound.
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The risky bet of structural reorganization, layoff storm, and slumping stock: Where is Citi headed?

 


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Artificial Intelligence, Banking, Culture and Talent

Small bank, big moves: How a Maine-based bank is bringing over a thousand employees on its AI journey

  • Bangor Savings Bank is building employee skills in AI and data fluency, creating a workforce ready for the AI era and countering fears of job displacement.
  • The bank is using social learning, and role-based training to upskill its employees, as well as build a better foundation for its future initiatives.
Rabab Ahsan | November 05, 2024
Banking, Podcasts, SMB Finance, TBBT Conference 2024

‘If banks are only investing in the experience layer but the foundational tech is archaic, we’re going to have a hard time creating integrated experiences’: U.S. Bank’s Scott Beyer 

  • How can FIs simplify the financial challenges for SMBs, freeing them to focus on growth without getting bogged down by banking tasks?
  • Scott Beyer, Head of Business Banking Digital Experiences at U.S. Bank, outlines key strategies, with technology as a foundational element, that FIs can implement to address these issues.
Sara Khairi | November 01, 2024
Banking, Banking as a service, Creating win-win partnerships, Embedded Finance

The embedded finance playbook: Partner banks need quality not quantity 

  • As consumer demand grows, sponsor banks—especially smaller ones—face intensified FDIC enforcement actions on third-party relationships.
  • By prioritizing a "quality over quantity" mindset, Grasshopper Bank is navigating complex regulatory demands while realizing embedded finance growth.
Rabab Ahsan | October 29, 2024
4 charts, Banking, Partner

How modernization positions FIs for growth as primary financial service providers

  • Fintechs and digital banks are outpacing traditional banks in their effective use of technology, drawing in increased consumer interest.
  • Financial institutions need to revise and realign their strategies to navigate fintech challenges and stay competitive in today's market.
Sara Khairi | October 25, 2024
Banking, Innovation, Partner, Podcasts

“The banks that are the most successful at core modernization have a north star” feat. Valley Bank and Galileo

  • Faced with tech that is getting older by the minute and harder and harder to maintain, banks have some difficult choices ahead of them when it comes to core modernization. They have to find a way to run the bank and change the bank at the same time.
  • In today's show, two experts on how banks can win at both running and changing the firm break down how to keep employees motivated, how to keep the scope of the modernization in check, and most importantly, how to get it all right the first time.
Zack Miller | October 23, 2024
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