PayThink

Millennials may have initially been the primary target for digital banking services, but we must bust the myth that they're the only ones craving innovation.

Financial institutions, at one time the central facilitators of payments, find themselves in a rapidly changing payment environment today and confronted by all the various competitive digital payment and money movement offerings that are available in the market and directed at their account holders.

The Current Expected Loss Credit model will help to quantify bankers' intuition and can be built with readily available data.

International money transfers have not enjoyed the improvements in transparency and cost that are benefiting other products. That must change to move the remittance market forward.

Subscription billing is now mainstream. Savvy consumers are happily paying small monthly subscription fees for their favorite products rather than forking over a big up-front payment.

International events like the Davos economic forum should remind business leaders of the importance of being stewards and of having workforce diversity.

Labor-intensive cross-marketing programs, which were beyond the scope of small marketing departments, are suddenly feasible thanks to automation.

This past decade brought us the iPhone, the maturation of the Internet of Things and the ability to pay with a dip, a tap, a text and a blink. We saw social platforms launch, unify the globe and then surpass 1.5 billion users, more than the population of the biggest country on earth.

Drafting internal honor codes, and having employees pledge to follow them, could be a good first step to reversing negative opinions about banking.

As a recent college graduate, I could have been more engaged with my longer-term financial health had I had today's fintech tools at my disposal.