PYMNTS

JANUARY 2, 2020

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one of Singapore’s five available digital banking licenses. Plus, Indonesia is planning to implement flat-rate fees for certain digital wallet transactions.

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PYMNTS

DECEMBER 10, 2020

Banks and other FIs must be certain that their clients are who they claim to be and adhere to AML compliance — or be held accountable. . Video-based KYC is an effective digital technology used increasingly to confirm customers? million by 2025. billion consumers worldwide who lack bank accounts.

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PYMNTS

DECEMBER 1, 2020

Glasgow-based bank Virgin Money has partnered with Redspire , a local FinTech, to help boost its presence in the business account market, according to a report from Daily Business Group. Virgin Money's ultimate goal is to ramp up its regional franchise, time with relationship managers and availability of digital technology and services.

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PYMNTS

DECEMBER 11, 2020

There’s also the issue of too little due diligence in slapping banks with steep fines, to say nothing of otherwise desirable account holders who bail on a friction-laden process. That’s expected to cost banks an $168.9 adult consumers are more likely to use digital banking in response to these mandates.”.

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PYMNTS

SEPTEMBER 8, 2020

Falkland Islands businesses have leaped forward in their digital banking capabilities under a recent partnership, which was announced on Tuesday (Sept. Mastercard said in May that it would connect one billion new people around the world to the platform by 2025. 8) as part of London Tech Week.

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Payments Community Cards ATM 166

Chris Skinner

FEBRUARY 17, 2017

This will change though, and it’s not just things on the internet, but a whole raft of technologies from robotics to artificial intelligence to machine learning, combined with IoT that will make it happen. Research house IHS Markit estimate 78 billion things communicating by 2025. There are various estimates.

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PYMNTS

SEPTEMBER 23, 2020

Volante Technologies Inc. , 23) it is collaborating with Goldman Sachs Bank USA to provide the payments platform for the bank’s digital transaction service. Built from scratch in the cloud, the Goldman Sachs Transaction Banking Platform was crafted to provide secure and easy access for corporate clients, Volante said.

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PYMNTS

APRIL 23, 2019

41 percent: Approximate share of new account openings for Consumers Credit Union that stem from digital channels. 23 billion: Expected value of the identity and access management technologies market by 2025.

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Security Survey Data Mobile 100

PYMNTS

DECEMBER 12, 2018

As that mobile technology get closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity. Banks and credit unions are still wrestling with the best ways to deploy mobile technology, and do so in ways that balance security, and safe authentication, and consumer convenience.

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Fintech Mobile Analysis Technology 211

PYMNTS

JULY 31, 2019

In an effort to make Singapore’s three million monthly cash withdrawals more digital, OCBC Bank has rolled out QR codes that customers can use at any of its 655 ATMs, the company said in a press release on Wednesday (July 31). The Singaporean government is aiming to eliminate checks and reduce cash payments by 2025.

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American Banker

JUNE 13, 2016

Nonbanks now set the digital banking experience bar, but in less than a decade large banks will have swallowed them up and will have become digital financial superstores.

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Google Digital Banking Technology Fintech 28

PYMNTS

DECEMBER 17, 2019

Artificial intelligence (AI) and blockchain technology can boost the odds in favor of those credit-seeking businesses. billion USD) in revenues by 2025. The digital bank said at the Brazil Investment Forum in Sao Paulo that it has 15 million clients, according to Nubank Founder and CEO David Vélez.

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PYMNTS

JULY 18, 2018

trillion: The estimated worth of the global market for connected devices by 2025. 76 percent: Share of millennial consumers who report they are always looking to try new and different forms of banking, saving, payment and currency. 1 trillion: Value of loan balances held by credit unions as of March 2018.

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PYMNTS

DECEMBER 7, 2020

Societe Generale (SocGen) and Credit du Nord , both based in Paris, have approved a plan to merge their retail banking operations, the banks said in a Monday (Dec. In addition, SocGen said, the plan is to beef up Boursorama, a retail digital banking operation catering to individuals. million in 2025.”.

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Digital Banking Retail Operations Groups 159

Gonzobanker

JULY 27, 2022

Historically, banks sold through branches and in (more or less) narrowly defined geographic areas. That banking world no longer exists. As banks go into next year’s strategic planning process, they should start by identifying the percent of their total revenue generated by the top four to five customer segments, products, and channels.

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Strategy Customer Experience Fintech blockchain 88

NCR

APRIL 4, 2017

The rise of digital banking has led to fewer opportunities for person-to-person interactions with customers, and banks are setting the bar high for their non-human ambassadors. Much of the talk about AI in banking has been about how technology can replace some functions currently performed by humans.

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Training Branding Customer Experience Data 61

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. This article explains what ISO 20022 for banks is, how it is different, and what it can do for your bank. Bank data is much the same.

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South State Correspondent

APRIL 24, 2023

Just when you were getting your bank’s head around how you will operationalize ChatGPT (our breakdown HERE ), AutoGPT, an application built on top of ChatGPT, gets released and takes the technology to a new level. Every customer with its own webpage, complete with educational content, and its own digital banking workflow.

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social media Data Marketing Technology 195

Chris Skinner

JULY 14, 2017

The company has an open stated intention to reach two billion users by 2025. One company that is seeking global domination is Ant Financial.

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Analysis Innovation Fintech Mobile 258

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home.

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Industry Technology Online Video 101

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. He passed away in January 2023.

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