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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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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. Tink isn’t the only one eyeing the European market.

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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. which is expected to double by 2030.

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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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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Baby Boomers (those born between 1946 and 1964) represent a massive market opportunity.

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

Gonzobanker

High interest rates have forced many banks to pay more to retain deposits (often via brokered deposits), while many institutions have seen deposits flee to higher-yielding money market funds. Banks had more than $500 billion in unrealized losses on their securities at the end of March. Bond losses.

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3 in 5 APAC Banks Do Not Have Full Digital Account Opening

FICO

For some established banks, one short-cut to their own existing challenges, incumbent technologies and inefficient silos is to start again. FICO’s survey revealed that 79 percent of the banks have launched or are currently considering a separate digital banking offering to leapfrog challenges in acquiring and retaining new customers.

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