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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. Consider that the typical user spends about 2.5 hours per day on social media. Demographically, half of the U.S.

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Be Sure Your Business is Ready for the Coming Year!

FirstInternet

Know your options, from changing deductions due to the coronavirus, to consideration of capital purchases to reduce your 2020 tax liability. A recent Stanford University study shows that employees who work remotely not only put in a full day’s work, but are often more productive than they were when at an office.

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How Friendly Friction Builds Better Banking Experiences

PYMNTS

According to a recent study by Citibank , 31 percent of consumers use their mobile banking app more than any other — placing mobile banking behind only social media and weather for most frequented mobile destinations. Consumers’ preferences are undeniably shifting digitally when it comes to banking and financial services.

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Data Dive, Rainy Days Edition: Fines, Misses And Video Game Money Laundering

PYMNTS

And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter. Capital One’s Earnings Flub. Capital One ’s further reprots domestic card loans increased 8 percent or $5.8 As of yet, Fortnite maker Epic Games has made no official comment on the problem.

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Banking for the Digital Generation: Attracting & Retaining Millennials

NCR

According to the Millennial Disruption Index , a 3 year study of approximately 10,000 respondents, 71% of Millennials would rather visit the dentist than listen to what banks are saying. Millennials’ heavy dependence on their mobile devices is matched by their high expectations for user experience.

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AutoGPT Will Change Your Bank

South State Correspondent

In less than 30 seconds, AutoGPT retrieved a list of the highest-rated restaurants, checked availability, and made the requested reservations at the auto-chosen Capital Grille (below). Imagine an experience where customers and employees can get a 1:1 concierge service via a generative AI-driven chatbot.

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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

A host of startups have emerged to capitalize on this trend. The secrets of user growth. To build a successful personal finance management tool, it’s important to understand the dynamics of user acquisition and growth. Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.”

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