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Top 6 Trends for the Banking Industry in 2024

Perficient

This blog was co-authored by Perficient’s Chief Strategist and banking expert: Scott Albahary A slowing global economy, coupled with a divergent economic landscape, poses challenges for the banking industry in 2024. Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness.

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Banking Predictions 2024: Gray Skies Are Going to Clear Up (in 2025)

Gonzobanker

Having complained in a recent post on LinkedIn that a lot of the predictions I see are nonsense, you may think I’m crazy for posting my own set of predictions for 2024. That said, here are my banking and fintech predictions for 2024: 1. Tech companies that enable banks and credit unions to provide BNPL will have a good year in 2024.

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Biometrics Innovation Tests Consumer Privacy Sentiment

PYMNTS

Innovations — some more fantastical than others — keep emerging, though. The rise of new authentication methods is one of the driving forces in the growing biometric market. According to new research , the global biometric system market is set to grow at a CAGR of 14.6 percent between 2019 and 2024 to reach $65.3

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Change management in banks and credit unions: A key to success

Abrigo

Supervisory priorities Banking examiners to focus on managing change As banks and credit unions face an ever-evolving landscape that requires adaptability and innovation, they would be wise to take stock of their change management processes. This article describes recent comments by financial regulators about managing change.

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Cyber, Fraud, Compliance Predictions in 2020

FICO

At long last, fraud and compliance infrastructures are starting to converge. Industry forecasts project the global TPRM market to grow from $3.2 billion in 2024, at a CAGR of 15.9%. Fraud and Compliance Infrastructures Converge. I’m not the only one who foresees big growth in TPRM. billion in 2019 to $6.8

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

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AI Convo Co Uniphore Gets $51M In Series C Funding Round

PYMNTS

The third service is called AmVoice, which helps to confirm someone’s identity and also stop fraud. Today’s announcement of our series C funding represents a major milestone for Uniphore and the conversational AI market as a whole,” Sachdev said. The market for conversational AI is nascent but successful, and it’s worth around $4.2

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