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Scotiabank: Why Banks Need To Rethink Personalization

PYMNTS

A study from AppsFlyer and Google found that global ATM use had decreased by 50 percent since the beginning of the outbreak as social distancing and stay-at-home orders have increased customers’ reliance on mobile apps and online banking options rather than ATMs. billion by 2027, generating a compound annual growth rate (CAGR) of 13.6

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Tech Cos Confront The Ethics Of AI

CB Insights

According to CB Insights data, the top three industries that have seen the most AI deals in the last five years are healthcare, security, and fintech. Mizuho Financial Group in Japan says it will use AI to replace 19,000 people by 2027 — about a third of its workforce. Healthcare.

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Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

In 1997, he founded Worldpay, an online payments processor based in the U.K. that resulted in the reduction in the number of clearing banks to four, the incredible rise in FinTech innovation in the U.K. FinTech innovators to access infrastructure that was as innovative as their ideas. that he sold to RBS in 2002.

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. The report showed that investments hit a record $27.4

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Modern Card Issuer Marqeta Is Going Public. Here’s What It Means For Payments Tech & Issuer Innovation

CB Insights

FREE DOWNLOAD: STATE OF FINTECH q1’21. Demand for modern card issuing and open APIs is growing : Many of Marqeta’s fintech competitors, including Adyen and Stripe , are adding card issuing and API integration products as more businesses clamor to give customers payment cards to boost revenue and loyalty. . First name.

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