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Valley Bank to be 100% cloud native by 2026

BankInovation

Valley Bank is looking to move all its operations to the cloud by 2026 to achieve efficiency and scalability. The $61 billion, Morristown, N.J.-based based bank has between 75% and 80% of its operations on the cloud already, Chief Operations Officer Russ Barrett told Bank Automation News.

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Citi to lay off 10% of workforce through 2026

BankInovation

Citigroup’s restructuring efforts, investment in technology and reduction of overhead costs will result in a loss of 20,000 jobs, or 10% of its workforce, through 2026, the bank said today in its fourth-quarter earnings report.

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Open banking will reach 304M users by 2026

BankInovation

Open banking is predicted to grow nearly 680% by 2026 to 304 million users as regulations, technology and consumer awareness of their data improves.

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Domestic money transfer to jump nearly 50%, Juniper forecasts

Payments Dive

Domestic money transfer payments worldwide are likely to jump by about 50% between this year and 2026 to some 300 billion payments, research firm Juniper Research predicted in a report released today.

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Juniper Research: Open Banking payments to exceed USD 116 bln by 2026

The Paypers

A new Juniper Research study has discovered that the value of global payment transactions facilitated by Open Banking will exceed USD 116 billion in 2026, from just under USD 4 billion in 2021.

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Financial services to spend USD 450 mln on quantum computing by 2026

The Paypers

Revenues from quantum computers and related services sold to the banks and financial institutions will total USD 450 million by 2026, according to IQT Research.

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BNPL will spike twofold in APAC ecommerce payments in 2026, GlobalData shows

The Paypers

times in the ecommerce payments market by 2026. Financial analytics company GlobalData has released data according to which BNPL is estimated to rise 2.5