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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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AI Healthcare Mkt Projected To Reach $36B By 2025

PYMNTS

billion by 2025. The “Artificial Intelligence in Healthcare Market by Offering, Technology, End-Use Application, End User And Geography — Global Forecast to 2025″ report revealed that AI utilized in healthcare will grow at a compound annual growth rate (CAGR) of 50.2 percent during the forecast period.

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Cloud Takes Center Stage at 2023 Bank Automation Summit

Perficient

For these reasons, Gartner predicts that by 2025, 85% of enterprises will have a cloud-first principle. Institutions should implement cloud technologies in a way that makes sense for their needs. The computing and storage of cloud data occur in a data center, rather than on a locally sourced device.

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Google Eyes Investing In Indonesia’s eCommerce Hub Tokopedia

PYMNTS

the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 the multinational internet technology company headquartered in Beijing. But Google and Temasek appear to be the most interested, and negotiations could conclude in a few weeks, Bloomberg’s anonymous sources said.

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Jumia Encounters New eCommerce Rivals In Africa Amid Pandemic

PYMNTS

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. The geographic region is behind the globe because of hurdles like inconsistent addresses and links to the web that are not strong.

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Virgin Money, Redspire Team On Business Banking

PYMNTS

The bank is working to launch its Virgin Money Business program next year, with the target being 100,000 small to medium-sized business (SMB) customers by the end of 2025 and 20,000 by the end of 2022, the report says. The fund was created to help spark competition as part of an agreement between the U.K.

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Singapore’s Credify Raises $1M To Expand Into Southeast Asia

PYMNTS

percent, and is expected to be a $102 billion eCommerce market by 2025. The region also experiences some of the highest fraud rates, in both finance and eCommerce. percent of web-sourced revenue in the region is lost to fraud, according to CyberSource. The company has the goal of finding and nurturing new technology companies.

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