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Security Firms Counting on Compliance to Bolster AI’s Value in Banking

Bank Innovation

Compliance startups and security firms are banking on artificial intelligence playing a key role in know-your-customer/anti-money laundering processes, rather than being just a trend in regtech. billion in 2018 and is projected to climb to $165 billion by 2025 and $300.5 billion by […].

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Today In Payments: Enova To Aquire OnDeck In $90M Deal; PayPal Reports Record Quarter

PYMNTS

Plus, the testimony of tech giants on Capitol Hill revealed chief executive officer views on competition and innovation. Report: India’s National Payments Corp Vulnerable To Security Breaches. of India (NPCI) discovered over three dozen security risks in 2019. Enova To Buy OnDeck In $90M Stock And Cash Deal.

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Big Data Explosion

Cisco

Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey. These include institution-wide standards for data infrastructure, governance, and security, as well as business- specific needs related to data acquisition, data science, compliance, and more. Customer Value.

Big Data 148
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How Cisco Is Building The Smart Cities Of The Future

PYMNTS

Every network involved must be able to instantly, safely and securely connect and share information, he explained, and Cisco works with city governments to cultivate transparency and speed. We provide that network in the middle … [but] you need comprehensive IoT security architecture in any of those critical IoT environments.”. “We

Security 252
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Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Real-time payments are imperative for running successful operations in today’s global ecosystem. Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure.

Payments 304
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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

The global contactless payment market is projected to reach $18 billion by 2025, in fact, up from $10 billion last year — a nearly 12 percent compound annual growth rate (CAGR). Looking ahead at 2021, positive signs are on the horizon for the industry despite strains on CU operations due to the pandemic.

Tools 276
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Hosted vs. On-Premise Solutions for Financial Institutions

Abrigo

Financial institutions generally are moving away from self-managed, on-premise technology and are finding hosted solutions that provide the security and scalability they need. Creating more efficient operations and improving customer experiences are the goals driving technology strategies and investments at many U.S.

Resources 150