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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. “On one hand, our banking system is over 100 years old, and was really developed during the apartheid years,” he said. The South African economy has struggled in the last decade.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The session also covered the new Georgia “merchant acquirer limited purpose bank” (MALPB) charter, which has the potential to be popular among fintechs wanting bank powers. This charter will give banks more competition in payments. The law firm of Sidley Austin held a session on the CFPB’s uniqueness.

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What the future holds for retail banking – 5 key trends

NCR

McKinsey notes in its 2015 Global Banking Annual Review : “The fight to hold on to customer relationships will be a high-stake struggle. More simplified operations. One of the major appeals of many fintech options is their ability to deliver a fast, convenient and easy-to-use service, and this is something banks must respond to.

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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 leads banks in active digital customers. Physical branch banking.

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