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The Rise Of eCommerce And Digital Banking Innovations

PYMNTS

Salesforce predicts that a digital surge could strain holiday shipping. In connected vehicles, the FinTech Car IQ has teamed with Discover to accelerate automotive banking. 80%: Portion of global FI execs who believe banks will profit from embracing platform business models. 25%: Share of U.S.

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Gartner: you’re better than this

Chris Skinner

I got this headline today: Most banks will be made irrelevant by 2030 – Gartner Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner.

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

This initiative aligns with priorities set for both Saudi Vision 2030 and for the Financial Sector Development Program (FSDP). Goals include developing a digital economy and fostering private sector growth to encourage participation by more entrepreneurs. .

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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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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

In the February Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including new co llaborations between CUs and FinTech firms, initiatives to appeal to Generation Z and how CUs are working to protect against the ongoing threat of data breaches. million CU members. Developments From Around The World Of Credit Unions.

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Tink Gets Investment From PayPal To Expand

PYMNTS

Tink , the Swedish company that enables FinTechs to access customers’ financial data, has received an $11.2 Reuters , citing the companies, reported proceeds from the investment will be used for Tink to expand its team, develop new products and connect more banks. which is expected to double by 2030. In February Tink raised $62.7

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Plaid Launches In UK Amid Europe Expansion

PYMNTS

Plaid, the FinTech that enables apps to access consumers’ financial information, announced it is entering the European market, starting with the U.K. as its first foray in Europe because it has a thriving FinTech market and is among the fastest-growing sectors. According to Plaid, more than 1,600 FinTech companies came out of the U.K.

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