Round Up: Hot Topics Every FI Should Know

A round up of hot topics for financial institutions. A computer shows Allied Insight articles a user might be viewing.

By Allied Solutions | January 4, 2023

Artificial Intelligence, Cannabis Banking, and Product Refund Liability: A Round Up of Hot Topics for FIs

For over four decades, Allied Solutions has provided the financial sector with deep insights. Researching industry trends and compiling compelling data is what we do best, and we do it because we care about growing, protecting, and evolving your business in 2023 and beyond. 

Let’s say “cheers” to the New Year with a roundup of the most popular blogs for lenders.

  1. Humanizing Business with Artificial Intelligence

    Artificial Intelligence. The buzz phrase of 2022 (like “new normal” was of 2021.)
    Some financial institutions are fearing that the addition of AI will hurt accountholder relationships, however, 68% of consumers want more artificial intelligence in their life. Get the most out of your artificial intelligence program and prioritize accountholder relationships. Read the blog here.

  2. Digital Transformation: It’s Time to Cook or Get Out of the Kitchen
    AI is just one piece of the digital transformation puzzle. And it’s just that for many financial institutions: a puzzle. Here are some key pieces of a digital optimization strategy to position you for relevance and digital agility in the coming years. Click here to read the blog.

  3. Sign of the Times 3-Part Series
    Cryptocurrency. Supply chain concerns. Catering to multi-generational banking needs. These pertinent topics are covered in our 3-part series. Read them all for timely insights on these trending business needs. 
    • Banking without Borders
      As a financial institution leader, you may recognize the growing value and importance of cryptocurrency, but may also feel overwhelmed by the regulatory weight that comes with the territory. Part one of this series identifies consumer pain points associated with digital currency and how to find the right next steps for your financial institution. Read part one.
    • Supply Chain Economy: Framework for the Future
      Part two of the series dives into the economic impact on supply chain processes, and some common missteps that make matters worse. Learn how your financial institution can leverage data intelligence to create a smooth, streamlined path forward. Read part two.
    • Banking for the Ages
      Financial institutions must cater to the financial needs of multiple generations. Baby Boomers down to Generation Alpha each have their own set of values and expectations. The final installment in the “Sign of the Times” series is all about strategies to bridge generational gaps and serve each generation well. Read part three.
      Defining generations image, showing the different generations and their values. Boomers, Gen X, Millenials, Gen Z, and Gen Alpha are shown.

  4. Now’s the Time to Lien into Whole and Participation Loan Programs
    In this quasi recession we find ourselves in, financial institutions are looking to diversify portfolio assets and generate additional revenue. One way FIs are accomplishing this is by capitalizing on loan participation programs. Read this blog to learn how your FI can leverage a loan participation program for additional revenue. Read the blog here.

  5. Strategize to Stabilize
    Speaking of revenue, many financial institutions aren’t just proactively looking for additional revenue - they are facing a liquidity crisis. This is mostly due to the dramatic economic shifts reverberating off the pandemic. To stabilize balance sheets, financial institutions can add new loan products to their lineup of products and services. These products can not only stabilize your revenue but also take it to the next level. Read the blog here.

  6. Managing Product Refunds without Burning Out Staff 
    Product refunds are a primary topic of conversation - with regulators, state assemblies, and financial institutions alike. And the stakes are high for product refunds. It is no longer acceptable for financial institutions to not manage product refunds yet managing product refunds in-house brings its own set of challenges. This blog provides some tips to proactively manage the process without burning out internal staff. Learn more here.
    Hurdles of manually managing product refunds shown. The hurdles include finding talent, high levels of knowledge, compliance concerns, and manual processes.

  7. Aftermarket Product Refunds: Ensuring a Compliant Solution 
    When lenders accept the responsibility of managing product refunds, there is an overwhelming amount of regulatory compliance to consider for the end-to-end process. The compliance requirements vary by state and are evergreen on the Federal level as well. Understand what a compliant solution looks like with this blog. Click here to read the blog.

  8. Easy Like Sunday Sky Morning
    If we learned anything from social media last year, it is this: Video is king. Getting your consumers’ attention is critical for every area of your business. Although video is a critical component of a marketing strategy, many financial institutions don’t have the resources to generate original video content for marketing campaigns. Turn up your speakers to consume this content and discover what scalable video resources are available to financial institutions. Watch to video blog here.

Want more industry and content insights? Check out our entire collection of blogs here. 

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About Allied Solutions

Allied Solutions is one of the largest providers of insurance, lending, risk management, and data-driven solutions to financial institutions in the US. Allied Solutions uses technology-based solutions customized to meet the needs of 4,000 banks and credit unions, along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions is headquartered in Carmel, Indiana and maintains several offices strategically located across the country. Allied Solutions is a wholly owned and independently operated subsidiary of Securian Financial Group.

Content in the blog posts are the opinion and views of the writer, and don't necessarily reflect the opinions or views of Allied Solutions.

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