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BankThink Competing with fintech on business loans isn’t rocket science

BankThink Competing with fintech on business loans isn’t rocket science

If you’re a business, applying for a loan from a bank is not a fun experience. For most borrowers, it’s as bad today as it was 20 years ago. Banks in 1997 required borrowers to meet in person with a banker. They asked for piles of paper documents like tax returns and articles of incorporation. They took their time getting back to the business with an answer. And all of that’s true in 2017.

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Banks in the digital age: It’s still about humans

Banks in the digital age: It’s still about humans

As a frequent business traveler, I thought I’d seen it all. That is until I found myself stuck in line behind a fellow traveler who was pecking away at his smartphone while we waited to check out of our hotel. When he approached the hotel counter, he flashed a scathing online review at the clerk and threatened to publish it if his complaints weren’t addressed. Needless to say, the hotel was very accommodating.

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BankThink ‘My Bank Will Survive’ and Other Delusions

BankThink 'My Bank Will Survive' and Other Delusions

Sometimes we choose to delude ourselves because a delusion is more palatable than the truth. It’s not that we consciously decide to lie, we just revise our memories. In telling a story, we become more heroic and discard messy details that don’t fit the narrative.

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These temporary tattoos turn you into a temporary cyborg

These temporary tattoos turn you into a temporary cyborg

March 17, 2017 4:22 PM EDT – MIT Media Lab’s DuoSkin uses temporary tattoos to turn skin into wireless interfaces, with the ability to connect with smartphones, transmit data, or display images based on body temperature. The product won the SciFi No Longer prize at the 2017 SXSW Innovation Awards.

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Meetings: The Good, the Bad and the Ugly

Meetings: The Good, the Bad and the Ugly

They interrupt flow, and pop up unbidden on your iCal. They tend to convey all of the information you already knew and none of the things you really wanted to know. Meetings have emerged as one of the most universally despised conventions of American work life, and they show no sign of letting up. But if workers and managers alike feel put upon by meetings, experts say it’s not meetings per se that are the culprit. The problem is bad meetings.

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Problem Solving: How M&Ms Took a Small Insight and Turned It Into a Big Idea

Problem Solving: How M&Ms Took a Small Insight and Turned It Into a Big Idea

M&Ms’ 75th anniversary marketing campaign was sparked by a human resources presentation.

When Berta de Pablos-Barbier returned to Mars as VP-marketing of Mars Chocolate North America in February 2015 after years in the fashion industry, she spotted a slide during orientation showing that M&Ms debuted in 1941. The realization that the 75th anniversary was coming fueled a campaign that helped M&Ms grow eight times faster than the U.S. chocolate category and increase household penetration in 2016 after three years of declines. U.S. sales climbed 3% to $1.62 billion, according to Nielsen data shared by Mars. Here’s a look at how M&Ms focused on a simple idea with a new way of thinking.

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‘Where Does Cloud Storage Really Reside? And Is It Secure?’

‘Where Does Cloud Storage Really Reside? And Is It Secure?’

A reader asks: “Where does cloud storage really reside? And is it secure?”

“Cloud” data is stored on hard drives (much the way data is usually stored). And yes, it’s probably more secure than conventionally stored data. What makes cloud storage different? Instead of being stored directly on your own personal device (the hard drive on your laptop, for example, or your phone), cloud-based data is stored elsewhere — on servers owned by big companies, usually — and is made accessible to you via the internet. When people think of cloud computing, they often think of internet-connected public clouds run by the likes of Amazon, Microsoft and Google. (If you use Gmail, Dropbox or Microsoft’s Office 365, you are using a cloud service.) There are also consumer clouds that, for example, hold your pictures and social media posts (think of Facebook or Twitter), or store your music and email (think of Apple or Google).

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The Promise of Blockchain Is a World Without Middlemen

The Promise of Blockchain Is a World Without Middlemen

The blockchain is a revolution that builds on another technical revolution so old that only the more experienced among us remember it: the invention of the database. First created at IBM in 1970, the importance of these relational databases to our everyday lives today cannot be overstated. Literally every aspect of our civilization is now dependent on this abstraction for storing and retrieving data. And now the blockchain is about to revolutionize databases, which will in turn revolutionize literally every aspect of our civilization.

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Banks don’t get what they pay for with digital advertising

Banks don't get what they pay for with digital advertising

Soon after the emergence of the digital advertising channel, bankers were quick to embrace a medium that promised better targeting of prospective clients based on particular traits, customized messages to prospects and real-time customer feedback. Bank marketers especially appreciated digital advertising’s analytical benefits, available through social media giants and other tech firms, after having spent years blindly trusting that traditional advertising channels were generating results for the brand.

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State Street to Start Voting Against Companies That Don’t Have Women Directors

State Street to Start Voting Against Companies That Don’t Have Women Directors

Firms won’t have an exact quota for compliance with State Street’s mandate, but must prove they attempted to improve a lack of diversity…

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