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Charles Potts: Innovation trends for 2023

Independent Banker

Image by Worawut/Adobe By Charles Potts As we turn the page to a new year, the innovation evolution continues. ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. The emergence of chief innovation officers or digital strategists.

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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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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.

Security 172
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IoT’s Impact On Supply Chains And Security

PYMNTS

The latest IoT Tracker delves into new applications for IoT, as well as its limitations, with a focus on supply chains and security. All of this innovation is also benefiting the cold chain market, which is expected to be worth $447.5 billion by 2025. What About Security?

Security 193
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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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A Few Things About The Internet Of Things

PYMNTS

The Intelligence of Things Tracker has shown that smart cities, security and even healthcare are all getting a boost from tech-powered devices that promise ease and convenience in keeping our lives, well, humming. 33 percent: Projected CAGR of the global IoT insurance market, as measured between 2019 and 2025.

Analytics 192
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Samsung’s New Fridge Uses AI To Track Food Inventory

PYMNTS

This feature lets people watch security cameras from the fridge. billion products will be internet connected by 2025. . “In The latest Family Hub is the most innovative yet, with more personalized, intelligent features that enable busy families to stay better connected to one another.”. IDC predicts that 41.6

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