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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. Consider that the typical user spends about 2.5 hours per day on social media. Demographically, half of the U.S.

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Be Sure Your Business is Ready for the Coming Year!

FirstInternet

Know your options, from changing deductions due to the coronavirus, to consideration of capital purchases to reduce your 2020 tax liability. It may be time to call the remote workforce experiment a success and garner cost savings that could provide a competitive advantage. Time to be sure your business is ready to move forward!

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Data Dive, Rainy Days Edition: Fines, Misses And Video Game Money Laundering

PYMNTS

And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter. Capital One’s Earnings Flub. Capital One ’s further reprots domestic card loans increased 8 percent or $5.8 That, in turn, has led to increased prices levied on retailers and consumers.

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How Friendly Friction Builds Better Banking Experiences

PYMNTS

According to a recent study by Citibank , 31 percent of consumers use their mobile banking app more than any other — placing mobile banking behind only social media and weather for most frequented mobile destinations. Consumers’ preferences are undeniably shifting digitally when it comes to banking and financial services.

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Inventor Of The Web, Tim Berners-Lee, Wants To Take It Back

PYMNTS

In a recent PYMNTS interview , CEO Gabriel Weinberg talked about how his company raised $10 million in fresh capital — only the second funding round for the 10-year-old, Pennsylvania-based operation — and has plans to better promote itself to a global audience, while also offering other privacy protection technology.

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Banking for the Digital Generation: Attracting & Retaining Millennials

NCR

Millennials’ heavy dependence on their mobile devices is matched by their high expectations for user experience. For Millennials, user experience is key to earning their long term business. Bank marketers can leverage social media as a powerful channel to target life moments.

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Artificial Intelligence, Artificial Empathy

PYMNTS

In this hypothetical, both parties got the same information, but the delivery was unique and personalized, said Traba, capitalizing on how each person prefers to communicate. One day, self-service channels will get to empathy and deliver a great user experience. So the technology isn’t there now, but it could get there.