Consumers Want More Digital Mortgage Options
With the ability to secure a mortgage without ever stepping in a physical location, digital verification plays an important role.
With the ability to secure a mortgage without ever stepping in a physical location, digital verification plays an important role.
Intuit is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal that will take it deeper into the financial products realm.
Forty million Californians – and many more outside the state served by companies hit by a new law – will soon have sweeping digital-privacy rights stronger than any seen before in the U.S.
As 2020 dawns, we are in the midst of another technological revolution in the banking industry – the monetization of “big data.” Once again, this innovation will provide both opportunities and risks for banks.
For years, Google and Facebook have been showing ads based on a consumer’s online behavior. Now banks, too, want to turn data they already have on consumers spending habits into extra revenue by identifying likely customers for retailers.
Banks and credit unions could face additional regulations as state legislators seek to govern what companies do with consumer information in the absence of federal standards.
Companies still have time to investigate an incident, but once they have determined a data breach has occurred, they must alert any individuals whose data they know was involved without waiting to figure out who else had data involved.
Nest thermostats, keyless entry locks and electric outlets compatible with Google Home and Alexa platforms have become standard bragging points for developers marketing units in new apartment complexes.
As businesses learn to extract value from and utilize data at a deeper level, it is essential for companies to be extremely conscientious about protecting personal information. For any organization, respecting consumers’ privacy is a smart strategy for inspiring trust and enhancing reputation and growth.