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5 Banking Trends We’re Forecasting for 2023

Perficient

2023 has commenced, and rates are climbing, inflation is bubbling, and banking customers are continuing to demand hyper-personalized products and experiences from their institutions. Here are five banking trends we’re forecasting for the new year. Three prominent areas where there is a strong desire to optimize: Data.

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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

As well as compliance, fraud, credit, reconciliations, reporting, and other risk mitigation that is currently performed in a resource intensive way. Technology offers opportunities to do just that. Additionally, customer acquisition is another significant cost to financial institutions.

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Open banking trends show which tech will outlast the pandemic

Payments Source

An obscure-sounding statistic gives a fresh look at how dramatic the move to digital finance has been the past few months — and how permanent the move will be.

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Trends 2024: How Fintechs are Balancing Growth with Compliance Risk

The Financial Brand

This article Trends 2024: How Fintechs are Balancing Growth with Compliance Risk appeared first on The Financial Brand. Almost two-thirds of fintechs paid more than $250,000 in compliance penalties in 2023. This article Trends 2024: How Fintechs are Balancing Growth with Compliance Risk appeared first on The Financial Brand.

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Startup Bank Goes All-In Gambling on a Niche Market

The Financial Brand

Seeking long-term large deposit relationships Lexicon Bank balances compliance duties with marketing itself as a home for poker professionals. The post Startup Bank Goes All-In Gambling on a Niche Market appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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SMBs Remain Hot Spot For Open Banking Business Models

PYMNTS

still failing within the first five years, open banking is a great opportunity to help more small businesses in the U.K. Although SMBs may not be aware of the technological business models behind it, the open banking trend is expanding in the U.K. “Cash flow remains the No.

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The Role Banks & Credit Unions Must Play to Prevent Human Trafficking

The Financial Brand

The post The Role Banks & Credit Unions Must Play to Prevent Human Trafficking appeared first on The Financial Brand - Banking Trends, Analysis & Insights. All financial institutions have anti money laundering programs, but human trafficking keeps evolving and the industry must stay vigilant.