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NEW REPORT: State Street Chief On Cost-Benefits Of AI

PYMNTS

A recent study estimated that investment in AI could result in a 22 percent reduction in operational costs at FIs, collectively saving them as much as $1 trillion by 2030. In the July edition of the Digital Banking Tracker , PYMNTS explores the latest AI developments from around the space and the potential AI holds for the future.

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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

Here are five elements of the Banking Crisis of the ’20s: 1) Checking accounts ain’t what they used to be. In the first half of 2023, nearly half of the “checking accounts” opened in the United States were opened by digital banks and fintechs. Too many banks only plan out one to two years—and pay lip service to ensuring years.

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Bahrain Development Bank Selects TCS BaNCS Global Banking Platform to Speed Up Innovation

Bobsguide

The bank was looking for a modern, digital banking solution that would help it transform customer engagement through the delivery of contextual experiences. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

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Why ‘Always Be Onboarding’ Should Be The New Mantra For FIs

PYMNTS

You wouldn’t need to go back more than two generations to spot the difference: A bank generally did business with people known by the financial institution’s employees and officers, lending to “people in good standing in the community,” said Stephen Maloney, EVP of business development and strategy at Acuant , during a recent PYMNTS interview.

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The 2019 GonzoBanker Awards

Gonzobanker

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Change Agent of the Year.

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The Mobile Money Revolution: Transforming Lives

Banking 2020

However, the charity argues that digital banking will transform lives over the next 15 years and the key to this will be mobile. People can already store money digitally on their phones and use them to make purchases. Without this as an enabling factor, the digital economy can’t get started.

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From Online to Mobile to Mobile-Only

Banking 2020

Quite simply, mobile banking can effectively change the world by bringing banking to communities that otherwise have no access to it. 2030, 2 billion people who don’t have a bank account today will be storing money and making payments with their phones. But there’s an even bigger picture that deserves attention.

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