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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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Even For Smart Sprinklers, Security Matters

PYMNTS

billion IoT devices by 2025, up from 7 billion in 2018. Despite IoT’s popularity, however, security a nd privacy issues continue to make headlines. In the July Intelligence of Things Tracker™ , PYMNTS explores the latest news in IoT, including partnerships, innovations, security risks, and oversight from world governments.

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How Retailers Are Gearing Up For Contactless Payments Via mPOS

PYMNTS

From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers. While the pharmacy retailer had slowly brought the functionality to its brick-and-mortar stores, the rollout was subsequently publicized.

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How Regulatory Concerns Are Sparking Digital Innovation

PYMNTS

534 billion: Projected value of the IoT healthcare market by 2025. . $500 billion: Annual sales from fake fashion items and accessories. 35 billion: Estimated number of connected IoT devices in use by 2020.

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How payments innovation could transform the retail industry

NCR

This tech-driven transformation of the payments and retail sectors is set to continue, so what impact could the most cutting-edge innovations have in the years to come? billion by 2025. They could also give retailers greater access to customer data and preferences, leading to more relevant services and recommendations.

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Farfetch IPO Shows Luxury Retailers Ready To Ware Online

PYMNTS

Securities and Exchange Commission (SEC). We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. We are redefining how fashion is bought and sold through technology, data and innovation.”. Within that, how much is online? Even A Bit Of Brick-And-Mortar.

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Report: Helping Banks Speed Payments Cross Border And Make A Clean Correspondent Bank Break

PYMNTS

The SWIFT network, for example, began collaborating with Microsoft and BNY Mellon to institute cloud-based cross-border payments , allowing banks to move away from correspondent banking and improve the payments experiences of their corporate and retail customers. Standard Chartered expects this process to be complete by 2025.

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