Raddon Predictions for 2015: How Did We Do?
Now that 2015 is in the rearview window, it’s time to review how well Raddon fared in our annual economic predictions. How accurate were the predictions we made at the start of the year?
Get in Touch: The Impact of Biometrics
Financial institutions continue to seek enhancements to provide a more seamless and secure mobile banking experience. One solution is biometrics in the form of a fingerprint scan. Such a biometric application has the potential to provide a more secure way to identify customers as well as enhance the appeal of mobile banking and its accessibility.
Financial Literacy: – A Valuable Experience for Your Consumer
Experiences increasingly trump material goods for many consumers. While this concept doesn’t bode well for retail sales this holiday season, it is a fresh, somewhat pleasant way to live. This trend may be moving to the financial services industry, as consumers, particularly millennials, place increasing value on an experience – financial education to help make more informed or effective decisions about money.
Examining Small Business Changes and Trends
Wedged between Black Friday and Cyber Monday, Small Business Saturday® annually encourages support of small and local businesses. It’s also a good time to look at what’s changed for small businesses – and what hasn’t – since Small Business Saturday was introduced five years ago.
EMV: Confronting Mobile Payments Barriers
Although 6 in 10 consumers now own a smartphone, the number of in-store mobile payments in the U.S. has not kept pace. The October 1, 2015 EMV fraud liability shift is enhancing mobile point-of-sale payments and as a result, many in the industry promise a brighter mobile payments outlook.
Are Financial Institutions Ignoring the Needs of Baby Boomers?
In the financial service industry, today’s normal is to try and understand the mindset, attitudes and preferences of the millennial consumer. What products and services are millennials using for their financial transactions? What do they really want from their financial institution and are their financial needs being met?