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Is a Zombie Core Eating Your Bank’s Brain?

Gonzobanker

I recently heard a banker refer to his institution’s core banking platform as a “zombie core.” Major vendors with multiple core solutions in their portfolios can turn off bank and credit union clients to the entire brand because of staff attrition, declining service levels, and a lack of product evolution in an aging zombie core division.

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Open Banking vs. Embedded Banking: What's the right path for you?

Lars Markull

Let me break it down into two parts: Embedded vs. Open When we say "Open," whether in Banking or Finance, we are referring to the activity of connecting a third-party service to an existing financial product. Banking refers to financial products such as payment accounts and debit/credit cards that we use to conduct transactions.

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Checkout Features, Visa Interchange Rates, Gaana’s Music Service Top This Week’s News

PYMNTS

The rates refer to the rates that United States-based merchants pay to accept Visa cards. Retailers that sell products and services online have been slowly, but steadily, removing payment frictions and improving user experience to boost conversion rates. Mastercard CEO Pushes Back Against National Payments Systems.

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Banks Must Up Their Social Media Game to Connect with Digital Natives

Gonzobanker

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. By providing visitors a way to directly interact through comments, “likes,” re-posts and more, an institution can deliver a more personal and credible user experience.

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Banks Just Want To Have Fun, And FI.SPAN Lets Them

PYMNTS

Banks can be intimidated by FinTechs and APIs (application programming interfaces) or simply feel that these things are over-hyped, and they’re not wrong, Shields told Karen Webster in a recent interview. Second, they believe that banks can just as easily leverage FinTech partnerships, as be leveraged by them. The Evangelism Phase.

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Visa’s Chief Risk Officer On Securing The Commerce Ecosystem In The 2020s

PYMNTS

Those models make it possible for the payments ecosystem — FIs, merchants and FinTechs — to get ahead of the fraudsters by patching vulnerabilities long before attacks begin. They love their metal cards and their branded cards,” Fabara pointed out. When Risk Management Is a Mindset and Not a Business Unit.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Microsoft’s Satya Nadella referred to chat as the “third run-time” — an indispensable piece of operating a platform, second only to the operating system and the web browser. But while many chatbots didn’t meet users’ high expectations, they haven’t entirely fallen short. Fintech: Contract review & bill negotiation.