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

Gonzobanker

Prediction: A $100+ billion bank will acquire a smaller BaaS-focused bank in 2024 to accelerate its entry into the BaaS market and then bolster that acquisition by adding a healthy dose of technology, compliance and business development resources to the BaaS bank. The “employee experience” will be an area of focus. money) is.

Fintech 88
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Today In Data: Enhancing The Customer Experience With Call Center AI

PYMNTS

35 B: Expected value of the global call center software market by 2025. Data: $775 M: Predicted losses due to account takeovers at call centers by 2020. 71 percent: Share of digital media consumers who planned to cancel their subscriptions within one year after just one month of service.

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The Global Connected Retail Market May Top $82B By 2025

PYMNTS

The idea, according to Senior Vice President of Customer Experience Shea Jensen, is that “shopping today may not always mean going to a store and looking at a vast amount of inventory.” The estimated valuation of the global connected retail market by the end of 2025 is $82.31

Retail 102
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Solve This Problem with Your Strategic Horizon

South State Correspondent

and about an 80%+ return spent on reducing customer churn, increasing lifetime value and/or helping cross-sell. In comparison, investments in new technology or new business lines pale in comparison to other strategic investments due to the time and effort it takes to get a business line off the ground.

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The Place For AI In Retail’s Future

PYMNTS

In 2016, AI in the retail market totaled $712.6 By 2025 — less than a decade later — it’s projected to reach $27,238.6 First, there’s the growth of the mobile market. The report noted that AI has many applications that could potentially benefit retailers beyond powering the customer experience across channels.

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TRENDING: Allstate’s AI-Assisted Approach To Disaster Relief

PYMNTS

Governments may not be known for keeping up with cutting-edge technology, but that doesn’t mean they don’t take note of the trends — especially when it comes to tools for collecting revenue. With the global speech-based interactive voice response (IVR) software market predicted to rise at a compound annual growth rate (CAGR) of 12.1

Trends 152
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Banking’s Hard Fork in the Post-Neobank Era

Gonzobanker

Delivering a better customer experience is not the only way for banks to gain a competitive advantage. Banking’s hard fork is about more than just marketing and distribution, however. What : Customer Experience is Not a Strategy. What and how does it sell/deliver? Where does it sell/deliver? They’re wrong.