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Banks could save more than $70 billion using new tech by 2025

Bank Innovation

North American banks could save more than $70 billion through 2025 using technology to automate jobs or assist employees, according to estimates from Accenture Plc.

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

Gonzobanker

Regulatory headwinds, iffy economic conditions and a more conservative approach to tech innovation spending are combining to put a damper on BaaS growth. By the end of 2025, however, commercial RTP payments will start to grow more significantly as smart banks realize that’s where the opportunity (i.e., Big surprise, eh? money) is.

Fintech 88
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How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

As technology reshapes the way buyers access goods and services, consumer expectations are moving targets, and merchants that hope to survive can’t afford to fall behind. From Reis & Irvy’s to Vengo , merchants and technology companies are reinventing the world of vending technology through smart devices.

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Solve This Problem with Your Strategic Horizon

South State Correspondent

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. If you are a typical banker and you agree with the above, then your conclusion will likely be that 2025 should be spent focusing on your core business.

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China’s Terminus Technologies Raises $283M For Smart City Development

PYMNTS

The cross-border investment and asset management firm China Everbright Limited is leading a $283 million Series C1 funding round for Terminus Technologies, Deal Street Asia reported on Tuesday (Aug. Artificial intelligence provider Terminus Technologies will use the money for further development and additional staffing.

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Mphasis Teams With R3 On Blockchain Payment Solutions

PYMNTS

Information technology services provider Mphasis is teaming with global enterprise services provider R3 to work on blockchain-based payment solutions, a press release says. Corporate payments are also a big driver in that space, with 17 percent of B2B payments expected to be real-time by 2025.

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Building Innovative Subscription Services With Discovery, Flexibility

PYMNTS

To provide consumers with the curation of a subscription box or the flexibility of a rental platform, digital innovators are tapping into the subscription business model. And, the report notes, businesses in different verticals are heavily investing in the infrastructure and technology needed to provide these services.