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Reimagining The Bank As A Technology Company

PYMNTS

Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one. “Banks are technology companies,” Rio Tinto recently told PYMNTS.

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NEW REPORT: Behind Regions Bank’s AI-Powered Digital-First Push

PYMNTS

The benefits of taking a digital-first approach to banking go beyond offering an improved in-person banking experience. It is also crucial to improving back-office operations, and enabling bank employees to put the right products in front of the right customers. Deep Dive: Banks Take Digital-First Approaches To Meet Customer Demands.

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Cloud Banking Gives Legacy Systems A Lift

PYMNTS

Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded? AI is poised to make a profound impact on the banking sector,” Ariff Kassam , chief technology officer at NuoDB, told PYMNTS. It’s true, but not for long.

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Dock Stops Over USD$50m a Month in Fraud Using FICO Technology

FICO

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. Currently, Dock has 250 clients that use FICO technologies to fight fraud.

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Americas FSI Digital Commentary: 3 Ways to Accelerate Digital Strategy in 2023

Cisco

As a change agent serving the financial services industry for over 20 years, it is a great privilege to collaborate with Bank, Insurance, and Wealth Management institutions to devise and execute digital transformation strategy, solve complex business problems, and leverage technology to strengthen business results.

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Getaround Acquires Nabobil For $12M

PYMNTS

Founded in 2015, Nabobil has built a strong user base in Norway. The acquisition will boost growth, and improve the user experience in the Nordic region through the integration of Getaround’s connected car technology. This is a great recognition for Nabobil’s loyal users, employees and shareholders.”

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Getaround Car Sharing Platform Raises $200M At $1.7B Valuation

PYMNTS

Its Getaround Connect device now operates in the United States, as well as in seven European countries: Norway, France, Germany, Spain, Austria, Belgium and the U.K. In April, Getaround announced its acquisition of Drivy , a Paris-headquartered car sharing startup that operates in 170 European cities.