Common Cents: January 2025 Edition
Happy Sunday. If you've followed along with us this year, we hope you've learned a lot about operational automation, AI in banking, regulatory trends, and best practices for meeting (and exceeding) consumer expectations.?
As we reflect on an incredible 2024, we’re overwhelmed with gratitude for the Kinective family that continues to grow. With over 3,400 clients—representing one in every three financial institutions—we’re humbled by the trust and partnership you’ve shown us.
This year was one for the books, filled with growth, innovation, and opportunities to help financial institutions like yours thrive. And as we gear up for an exciting 2025, we want to take a moment to celebrate everything we accomplished together in 2024 ??
2025 is looking bright
All we want this season is unified, AI-driven solutions with a bow on top.?
Finopotamus recently featured Nish Shah, EVP of Engineering at Kinective, in its annual IT Holiday Wish List, where he shared his top wish for 2025: the rise of AI-powered solutions in financial institutions.
Nish envisions AI-driven analytics helping credit unions offer personalized services while maintaining compliance and security. He also highlighted the need for seamless integration of branch and digital channels through modern, flexible technologies.
While he acknowledged regulatory and adoption hurdles, Nish emphasized that fintechs must provide easy-to-use software that empowers credit unions to create cohesive, member-focused experiences. Read the full article here.?
?
Here's the top banking trends to watch in 2025.?As we begin 2025, the banking industry is set for a transformative year. With the rapid advancement of technology, evolving customer expectations, and shifting regulatory landscapes, financial institutions will need to adapt to stay competitive and meet new challenges.
Here are the top banking trends to watch for in 2025. Spoiler alert: Automation, AI, and regulatory compliance still prevail. Read the full article here.?
How eSignatures can win over the next generation
Every minute spent on manual tasks is time lost that could be driving growth and client satisfaction. By reducing or eliminating tedious, error-prone processes, automation enables you to reclaim valuable time, enhance productivity, and deliver a better experience for your clients.??
In fact, 52% of financial institutions anticipate that manual processes will impair their finance functions. So how can you break free of outdated processes and embrace smarter, faster ways of working???
?? Download this guide, A Banker’s Guide to Automation, to learn practical insights and steps to transform your banking operations across digital and branch channels.?
?
Inside, you’ll find strategies for automating:?
领英推荐
The state of lending may be looking up
The Federal Reserve cut interest rates 25 basis points.?The Federal Reserve cut its target federal funds interest rate by 0.25% to a target range of 4.25%-4.50% following its regularly scheduled two-day meeting.
Economists and investors anticipated the incremental shift lower in policy rates for the third meeting in a row. The Fed’s updated projections centering on 0.50% of additional rate cuts in 2025 surprised investors somewhat, after the previous estimate from September projected 1.0%.
Stronger economic growth data and stabilizing inflation recently served as the primary catalyst for the Fed’s more modest plans around further policy rate cuts. The Fed remains data driven, and further inflation deceleration toward its 2% target would likely unlock additional rate cuts.
The Fed uses interest rate policy to carry out its maximum employment, price stability and moderate long-term interest rate mandates. Read the full article here.?
Are we on the verge of a lending surge? Coming off an election cycle, pandemic in the rear-view, inflation finally easing, rates going down for the first time in years — there’s a moment of financial release that’s waiting to happen.
Banks and lenders need to be ready for this convergence of opportunity with technology that supports rapid data processing and decision-making. Read the full article here.
Building better banking experiences?
The digital age doesn't have to be a threat to the branch experience. Over the past six months, 539 bank branches closed in the U.S. It’s just the latest statistic in a well-known trend as banking moves into the digital realm. It’s been happening for more than two decades and shows no sign of slowing.
But this shift to digital should not spell the end of physical banking as we know it. Instead, there is an opportunity for FIs to innovate.
Want to learn how? Read the full article here.
Wondering where to transform for measurable growth??In this recent article published by Bank Director, Kinective EVP Michael Ball breaks down 5 key areas your financial institution can innovate and transform to achieve measurable growth and exceeding consumer expectations. Read the full article here.