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IMF Report: Banking Profits Might Not Exceed Cost Of Equity In 2025

PYMNTS

A large share of the banking sectors of nine advanced economies, by assets, may not be able to bring in profits higher than their cost of equity in 2025, according to a simulation exercise cited in the “Global Financial Stability Report” by the International Monetary Fund (IMF).

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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. Security Traditionally, information was said to be most secure when separated and segmented. The computing and storage of cloud data occur in a data center, rather than on a locally sourced device.

Training 492
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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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Citizens Bank to go all in on cloud by 2025

BankInovation

Citizens Bank plans to take its banking operations to the cloud by 2025. “We are going to exit all of our data centers that we own today,” Chief Information Officer Michael Ruttledge said Tuesday at Fintech Connect North America in New York. “We We started with seven (data centers) and now we are down to five […]

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Security Demands Spur Virtual Debit Card Adoption

PYMNTS

Businesses are also examining virtual card options that can allow employees to make company payments securely and conveniently during the pandemic. Firms are also prioritizing security as they transact online more heavily as well. Virtual Cards To Bring Greater Security To Transactions. Read that story in the Tracker.

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Mastercard Rolls Out Security Tools To Prevent Gas Station Fraud

PYMNTS

Many fuel companies have made the shift to a safer and more secure EMV environment, and we applaud them for doing so,” said Kush Saxena, Mastercard’s executive vice president in a statement. However, we also recognize and respect the complexities to upgrade to safer and more secure EMV transactions at fuel dispensers over the next few months.”

Fraud 196
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Securing Digital Identities In The Information Age

PYMNTS

. $59 billion: Estimated value of the global biometrics market by 2025. 13 billion: Projected value of the identity verification market by 2025. 48 percent: Share of millennial parents who would rather not eat at all than wait in long QSR lines. 30: Minimum number of countries where Visa is launching Visa B2B Connect to start. $13

Security 148