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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. By William Atkinson. Looking even further into the future.

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Industry 4.0 Pulls South Africa’s SMB Banking Sector Into The Technology Mix

PYMNTS

These market conditions may not seem ripe for FinTech innovation, but where there are challenges, there are opportunities. Michael Sassoon, CEO of banking and technology firm Sasfin , recently told PYMNTS about some of the country’s biggest hurdles in small business FinServ — and what technology innovators hope to do about them.

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Santander Shows One Way Forward For 5G And Banks

PYMNTS

Financial institutions are constantly on the hunt for an edge when it comes to mobile banking and other innovations, and that’s playing out with new, emerging 5G mobile network technology. One of the most recent developments comes from Spain-based bank Santander. 5G Promise. Low Latency.

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Credit Unions Unite Behind Digital Banking

PYMNTS

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. Specifically, the metamorphic impact of mobile open banking and instant payments has been the first real test of the trust bond that holds CUs together.

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Forecasting Fintech for 2017

Fintech Labs Insights

It takes more than just one crystal ball to discern which trends will drive fintech innovation in 2017. To this end, here’s a roundup of predictions and prognostications on what the new year will bring in everything from artificial intelligence and the blockchain to payments and banking for the underbanked.

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How PNC Adapted Its Virtual Wallet to Solve Overdraft Complaints

The Financial Brand

The post How PNC Adapted Its Virtual Wallet to Solve Overdraft Complaints appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Giving consumers more control is seen as a big plus, but pressure from neobanks, Ally and Walmart could make PNC vulnerable on pricing.

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How JPMorgan Is Preparing For The Next Generation Of Consumer Banking

CB Insights

This is in part because customers no longer need to rely on banks for financial services — 60% of US bank customers say they are willing to try a financial product from a tech firm they already use, and that number rises to 73% for customers aged 18 — 34. JPM’s mobile active users also showed strong growth in Q2’18, jumping 12% YoY.

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