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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

Saudi Arabia’s central bank said the plan is for open banking to go live in the first half of 2022. Through the initiatives in the policy, the goal is to foster the advancement of digital technologies and create new financial services and products.

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

PYMNTS

Banks are increasingly turning to AI as they look to gain an edge over their competition. In fact, over 80 percent of banks with more than $150 billion in assets have explored use of technology, and experts predict banks will invest more than $57 billion in AI over the next three years. Around The Digital Banking World.

Report 101
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The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

This decade-long crisis touches banks’ products, technologies, people, processes and the political climate. In an article titled Is the Banking Crisis Over? This crisis touches banks’ products, technologies, people, processes and the political climate. A person’s core has to be in shape—and so does a bank’s.

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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. Fintech services for seniors are targeting a range of sub-categories. Source: Deloitte.

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

FICO

“Open banking and regulations like Europe’s PSD2 are now bringing regulatory rigor to bear on the issue and forcing banks to comply to certain standards and embrace technologies that will better enable digital onboarding.”. Full Digital Account Opening – Separate Digital Offerings. by FICO.

Survey 40
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3 in 5 APAC Banks Do Not Have Full Digital Account Opening

FICO

“Open banking and regulations like Europe’s PSD2 are now bringing regulatory rigor to bear on the issue and forcing banks to comply to certain standards and embrace technologies that will better enable digital onboarding.”. Full Digital Account Opening - Separate Digital Offerings.

Survey 40