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Retail banking trends to look out for in 2023

Independent Banker

“We have seen an increase in mobile and digital usage, like other banks,” Hancock says, “but these initiatives have helped expand that engagement from balance inquiries and funds transfers to more complex needs like money management and managing debit card security. “In Looking even further into the future.

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How 5G Will Shake Up Banking and FinTech?

PYMNTS

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

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Santander Shows One Way Forward For 5G And Banks

PYMNTS

Banks and credit unions are still wrestling with the best ways to deploy mobile technology, in ways that balance security, safe authentication and consumer convenience. For mobile banking to become ubiquitous, the development of 5G technology is paramount,” reads one analysis of the biggest FinTech and banking trends for 2019. “5G

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SMBs Remain Hot Spot For Open Banking Business Models

PYMNTS

Intuit QuickBooks Director of Corporate Affairs Rob Burlison said the research “shows that small businesses are in danger of missing out on the massive benefits open banking could bring.”. “It still failing within the first five years, open banking is a great opportunity to help more small businesses in the U.K.

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How Middle Eastern Merchants Can Keep Up With Pandemic-Driven Privacy, Payment Shifts

PYMNTS

What has shifted most during the pandemic are consumers’ views on the data privacy and online security standards attached to these digital transactions, Oren Paran , managing director for Israeli retail startup firm Retail Innovation Club , explained in an interview with PYMNTS. Online Payments Drive Privacy Concerns. under the GDPR.

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How JPMorgan Is Preparing For The Next Generation Of Consumer Banking

CB Insights

Finn is JPM’s mobile-only bank, and represents JPM’s attempt to jump on the mobile-only banking trend before it becomes the norm. Finn is run out of a separate office from the rest of JPM and Chase, and Finn Head Melissa Feldsher described the unit by saying, “we think of ourselves as a startup in the bank”. .

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