DAYTON, Ohio - (06/03/05) -- NCR Corp. said it has introduced anew custom marketing solution that creates new possibilities forcredit unions and other businesses to deliver personalizede-messaging that is relevant to each member's/customer's individualneeds. Customer Power 5.0 enables e-marketers to draw from multipledatabases to individualize the offer to each customer, deliver itacross multiple channels and fine-tune the message based on thelive customer response. The data can be drawn directly from a widevariety of online or offline databases and customer interactionpoints including ATMs, retail checkouts, Web sites, customer callcenters, bank branches and kiosks. Advance analytics are thenapplied to facilitate customer insight, giving businesses theinformation they need to personalize their offer to each customer'sindividual needs and wants. The resulting message can then bedelivered in a coordinated manner across multiple customercommunication channels. The customer's reaction can be trackedautomatically and the offer further customized to reflect thatresponse.
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The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
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Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
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Former employees at First Horizon Bank and M&T Bank committed crimes by misappropriating customer data and stealing money from a customer's bank account.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
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The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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