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5 use cases for the booming open banking market

BankInovation

As the banking industry continues to innovate and as the lines between fintechs and financial institutions continue to blur, open banking is booming, with the market size estimated to reach $43.15 billion by 2026, at 24.4% CAGR, according to Allied Market Research.

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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. Vendor and payment companies alike are seeking and creating solutions to provide their customers with the most secure digital payment experiences possible.

Industry 471
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Deep Dive: Making Smarter Payments Safer

PYMNTS

In this month’s Deep Dive, PYMNTS examines how data can improve customers’ experiences, and how regulations can keep their data safe. More Data, More Innovation. market is seeing an uptick in faster and real-time payments transactions. The market completed roughly 1.3 billion payments by 2026.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience. This will present some customer experience and technological hurdles for many financial institutions. However, of course, it was generative AI that remained at the peak of the hype cycle.

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Deep Dive: How Restaurant Operators Are Driving mPOS Evolution

PYMNTS

Restaurants seem to be taking innovation to heart, particularly as they prepare to face increased competition in an ever-growing market. The global POS restaurant management systems market is expected to reach $30 billion by the end of 2026, representing a compound annual growth rate of 12.4

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Take Me Out To The (Payments) Ball Game

PYMNTS

One ball park and customer experience at a time. population live within a minor league baseball market. All in, Wright noted, it adds up to a big opportunity for minor league baseball — and a big goal: to increase its fan base to 50 million by 2026. It is not an ideal setup for innovation.

Payments 101