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Open banking APIs are open for business

Insights on Business

This solution became an overnight success and turned into a form of payment that is now accepted by the most merchants in the bank’s region. The bank also exposed APIs directly to the merchants so that they could submit payments at a fraction of the cost that they had with traditional card-based payment schemes. Open banking for all.

Fintech 181
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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

This tracker brought NCR Corporation together with Avidia Bank and was notable for the stat that showed that one-third of bank customers said they would visit physical branches more often if they could compete with the ease of mobile banking, and banks are deploying or workshopping a number of technologies to make this convenience a reality.

Trends 259
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Killing Strategy: The Disruption Of Management Consulting

CB Insights

If you are confronting an industry upstart, you might look to BCG, and if you’re working on problems of regional governance in Southeast Asia, you might look to McKinsey. High tax rates on corporate gains meant that the best way to spend profits was to make acquisitions.