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

PYMNTS

Open banking , which is used across numerous countries, facilitates the connections and permissions between users’ banking data and third-party financial platforms. It enables the secure sharing of financial and other data to enable seamless digital payments and money transfers. .

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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. Rising interest rates depress the value of low-rate securities and loans. For the past five years or so, banks have obsessed over “innovating.”

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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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Your everything IBM at Sibos guide

Insights on Business

Please join Likhit Wagle, Global Industry General Manager Banking & Financial Markets, Jesse Lund, Global Vice President, IBM Blockchain, and Raj Venkatraman, Director, IBM Global Payment Solutions for an exclusive dinner to kick-off Sibos 2018 Sunday, 21 October 2018 at 7:00 pm at Doltone House Jones Bay Wharf, Sydney.

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

CB Insights

Download the free report to find out how fintech is shaping the future of wealth management and investing. They make up close to 25% of the total US population and are by far the wealthiest generation — and will continue to be so until at least 2030, according to a 2015 Deloitte study. . Estate planning gets a digital makeover.

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Citi On Simplifying Cross-Border Payments

PYMNTS

Disposable incomes have grown dramatically over the past several years, he remarked, and the middle class that spans countries across the globe is spending $25 trillion dollars annually and will spend an additional $30 trillion by 2030. China stands as the largest market, with marked growth seen in Africa, the rest of Asia and elsewhere.

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