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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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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies.

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CFPB highlights AI-driven chatbot risks for FIs

BankInovation

Financial institutions must consider the efficiencies and limitations of artificial intelligence when deploying chatbots as client adoption grows and regulators address pain points of the technology. million users by 2026. In […]

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Apple Supplier Murata Anticipates 5G Phones To Top 500 Million

PYMNTS

Murata said it is the global leader in multilayer ceramic capacitors, which are used to regulate electric flow in circuit boards, powering electronics from smartphones to cars. Swedish telecom equipment giant Ericsson said at the end of last year that the growth of 5G technology and uptake is accelerating beyond what anyone expected.

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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. financial services sector as consumers embrace digital technology for the banking and retail industry. Adoption of digital payment technologies is poised to grow significantly among U.K.

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

South State Correspondent

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. This will present some customer experience and technological hurdles for many financial institutions.

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Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. In Kenya, banks are pursuing regulatory approval to use distributed ledger technologies (DLTs) to facilitate payments and create credit scoring models.

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