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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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The Helpful Robots Of Automated Retail

PYMNTS

High-level market intelligence about the $18 billion expected to be invested over the next three years is a major focus of the March 2020 Automated Retail Tracker™ from PYMNTS , which serves as a bimonthly breakdown of developments in this rapidly growing business sector. Amazon Go’ Cashless. UR Making Me Laugh.

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21 Predictions About Digital Health in 2021: Part III

Perficient

Plans will need to create competitive-cooperatives, working to share costs (administration, lobbying, technology) while serving different markets. The Blue Cross Blue Shield of Illinois, Montana, New Mexico, Oklahoma & Texas (HCSC for short) is a great example of this model. Buying Innovates. Self-Service Accelerates.

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Retailers Increasingly Turn To AI For Security And Efficiency

PYMNTS

Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. Retail Trust and AI. Reducing network demands, the technology works even if cloud connection is lost.

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Why State And Local Governments Struggle To Shred The Paper Check

PYMNTS

Digital disbursement innovation is picking up speed in certain states, luckily, as digital payment technology becomes more readily available and less costly. In the State And Local Disbursements Report , PYMNTS examines the current state of disbursement innovation and reform for U.S. government departments. Government Agencies.

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NJ Legislators Propose Tighter Data Privacy Regulations

PYMNTS

Andrew Zwicker (D-Hunterdon), chairman of the Assembly’s Science, Innovation and Technology Committee and lead sponsor of the legislation. New Jersey joins Washington, Illinois and other states and regions in introducing data privacy laws. Retailers of all sizes will be forced to prepare for new, stricter regulations.

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How Credit Unions Face — And Embrace — Digital Disruption

PYMNTS

That would seem to apply to credit unions (CUs), and to Consumers Credit Union of Illinois specifically, one of the largest CUs around, which has been in business since 1930 (before the Great Depression reached its worst depths). We don’t have the resources [or] the money center banks do” to be more proactive on innovation. “We

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