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Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

In the markets, we watched helplessly as real GDP plummeted -5% in 1Q20 and -31% in 2Q20 before rebounding by +33% in 3Q20. I’ve previously theorized that China would try to reclaim its global market share lost during the pandemic by flooding the markets with cheaper goods. 2024 could exceed -$2.0

Marketing 146
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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

In 2024, we face sophisticated schemes exploiting both technology and social engineering to target unsuspecting customers. While previously, fraud was local or regional, today, scammers leverage technology extensively. Fraudsters use the same sales and marketing techniques as legitimate businesses to research and target their victims.

Fraud 195
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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. Expect more deals to be announced in 2024.

Fintech 195
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LatAm’s RobinFood Says It’s A Tech Company That Sells Food … And It’s Working

PYMNTS

Add in ghost virtual-ordering kiosks and physical locations and Luis Vega , RobinFood co-founder and COO, expects RobinFood to become Latin America’s largest player by restaurant count by 2024. “We Despite low average incomes, Latin America offers a huge overall market size and growth potential.

Company 184
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Banks Tap FinTechs For Remittance Overhaul

PYMNTS

The cross-border payment market is thriving, and trends are expected to continue over the next few years. In fact, cross-border payments are expected to reach $240 billion in value by 2024. A group of Nordic banks have selected Mastercard to overhaul its financial services operations for the region. Meanwhile, in the U.K.,

Fintech 168
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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

As digital identities fast become a part of everyday life, the identity verification market is expected to reach $12.8 billion by 2024. Technology providers are exploring a range of solutions to seamlessly verify customers’ identities, with the biometrics market projected to reach more than $59 billion by 2025.

Online 144
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Asia: A battleground for card networks?

NCR

The big American card networks have dominated payments since the arrival of the credit card. Visa, MasterCard, American Express and others have had it relatively easy as the share of global cards has been concentrated in North America and Europe. RBR reckons card spending in the region will reach $20 trillion by 2020.

Cards 40