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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately.

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Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

PYMNTS

In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”.

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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. According to the BCG’s “Corporate Banking Executive Survey,” “front-to-back digital transformations” are essential to halt this shrinkage.

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Model Bank 2017: Some First Impressions

Celent Banking

We’ve addressed this conundrum with five categories chosen to provide a broad cross-section of the banking landscape. Operations and Risk. We expected to see nominations around digital banking, branch and core transformation, and payments, to name a few, and we weren’t disappointed. Customer Experience.

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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Deutsche Bank told U.K. Amazon To Build $40M Robotics Innovation Hub Near Boston. percent of banking customers would be interested in switching their financial institutions if their branch experiences do not match their digital banking experiences. Recent PYMNTS research indicates that 34.8

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Rethinking the Customer Experience: Themes from the 2017 Model Bank Submissions

Celent Banking

The standards of customer engagement are constantly changing, and banks are experimenting with new ways to drive increased satisfaction, higher revenue, and greater loyalty. Digital banking subsidiaries : Many banks are finding that existing systems are too rigid to accommodate a truly digital experience.

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Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud

PYMNTS

Consumers demand easy, digital banking, but this pressure for banks to deliver is also coming from corporate clients. Take mobile banking, which has propelled the introduction of mobile-only banks to meet demand for better services on smaller screens.