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How Federal Debt May Impact Banking

South State Correspondent

Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges. By 2028, debt as a percentage of GDP will reach a historical high of 106% and will reach 200% by 2050.

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Here’s How to Become More Than the Branch Next Door

Gonzobanker

Heck, Apple reported in August that it secured more than $10 billion in deposits with its savings product in partnership with Goldman Sachs. As Ron Shevlin , our chief research officer, blogged : “Banks need to stop playing innovation charades. But that gap must shift. The how, of course, is tricky. bank’s fintech partners.

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Customer Service Can Be A Competitive Advantage For Digital Platforms

PYMNTS

Even though more companies are turning to AI and automation for faster transactions and stronger data security, many are finding that humans still have a critical role in customer service. clothing rental market is projected to reach $4.4 billion by 2028. According to the Payments and The Platform Economy Playbook , the U.S.

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10 Bank Technology Trends to Follow for 2024

South State Correspondent

At present, many banks utilize a variety of fraud and security tools that both overlap and have gaps in coverage. Cloud security, ransomware attacks, insider theft, privacy, network/endpoint protection, and general fraud remain one of the most significant investments in bank technology.

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5G & The Future Of Connectivity: 20 Industries The Tech Could Transform

CB Insights

Samsung and AT&T have partnered to create the United States’ first manufacturing-focused 5G “ Innovation Zone ” in Austin, Texas. 5G could lead to innovative solutions in energy production, transmission, distribution, and usage. Marketing & Advertising. Energy & Utilities.