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We need to launch a digital bank? OK, here’s $3 billion!

Chris Skinner

I recently blogged about JP Morgan Chase spending $10 billion a year on technology of which $3 billion goes into new projects. There were then several other announcements that caught my attention about Citibank and Bank of America investing similar amounts in digital. OK, here’s $3 billion!

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Cross River And Cloud Payment Co RS2 Form Digital Banking Partnership

PYMNTS

Cross River Bank, a company that provides banking services for FinTechs, has partnered with payments processor and tech provider RS2 Software to provide an improved payment and digital banking experience for its customers, the companies announced.

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Digital banking is ready to take off in Latin America

Celent Banking

Digital is the new reality in Latin America. In a recent Celent survey 100% of the participants recognized that a scenario where all financial products get digitized needs to be addressed sometime in the next 7 years and 59% of them believe it needs to be addressed immediately. Threat of fintechs is also a reality.

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Charles Potts: Opportunities in the fintech landscape

Independent Banker

A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. The fintech landscape is shifting. For community banks that have yet to start evaluating digital solutions and providers, now is the time to act. By Charles Potts, ICBA.

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Former PayPal CEO Launches Digital Bank Targeting Middle-Class America

Banking Exchange

Bill Harris to chair One alongside CEO Brian Hamilton; launch slated for summer 2020 after successful funding round The Economy Technology Retail Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management Customers.

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Globalizing finance through FinTech

Chris Skinner

I got to thinking about yesterday’s post on humanity in part due to a discussion of global banking. Global, universal banking was the mantra of the 2000s and HSBC, Citi, Bank of America, BNP Paribas, Deutsche and more were all jumping on the bandwagon. It’s not universal, just commercial. They are also succeeding.

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Latin America Enjoys A Boost In Its Digital Prospects

PYMNTS

What will it take to make Latin America more digital — in payments, commerce, FinTech or even healthcare? Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. Healthcare seems likely to play a role.

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