Remove ATM Remove Financial Technology Remove Millennials Remove Security
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Is a cashless future all that it seems?

NCR

billion cash withdrawals annually at UK ATMs that amount to almost £6,000 GBP every second! As expected the younger generation, millennials, are less concerned about move compared to those older. Twenty-five percent of consumers also raised concerns as they feel more prepared and secure using cash. The dash for cashless.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

2 out of 3 families live with financial stress, 50 million households in the US. PayActiv helps consumers with short-term cash, available to be picked up from any ATM. 01:08 pm NuData Security – @NuDataSecurity – [link]. Millennials want their mortgages fast, rocket fast.” Sabina Bhatia (Director, Marketing).

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FinovateSpring 2016 Live Blog – Day 2

William Mills

It’s all done through the smartphone, with bank-level security. Chip card reader for when customers are shopping online to improve security. Customers can store all of their online profiles in one secure location to improve user experience. Fiserv is meeting that need for FIs and millennials. Adds in Social security.

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The Financial Industry’s Digital Transformation

FICO

The financial and retail sectors both have emerging competitors who are more technologically sophisticated than the incumbents. However, while financial technology (FinTech) startups have created challenges for their legacy competitors, traditional banks and credit unions have been much more resilient than their equivalents in retail.

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Survey: 88 percent of people still favor an in-person banking experience

Abrigo

The survey outlined the key reasons that such a large group still rely on the in-person experience, including the option of a walk-up teller in lobby (68 percent), an ATM (65 percent) and a drive-up window (51 percent). The ability to discuss special options with a banker was also important to 31 percent of those surveyed.

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