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BMO’s Digital-First Transformation Unlocks Operational Efficiencies

PYMNTS

The banking industry is increasingly favoring self-service, as customers making transactions grow to prefer tellerless ATM and kiosk interactions. personal and business banking. BMO has implemented several new technologies as part of its digital transformation. How The Digital-First Initiative Helped BMO’s Staff. “We

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

Our Top 10 Insights From Money 20/20 From these sessions and announcements, we pulled out ten of our most important takeaways, each having an impact on bank operations in the coming year. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

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An interview with Tom Blomfield, co-founder of Monzo

Chris Skinner

After studying law at Oxford, he went back to business and is now Co-Founder and CEO of digital bank Monzo. You know, GoCardless was great, it helped small, medium, and now large businesses collect money, and made their back office operations more efficient, but it wasn’t something that I used every week.

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Navigating China’s New Regulatory Terrain

PYMNTS

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. The debate around data privacy is getting a new boost as discussions of open banking get real. Now, they’re laying down the law.

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The five key levers for radical transformation in financial services for digital success

Insights on Business

Because of this misplaced confidence, many banks are delaying necessary operating model transformations. Failure to do so or further delay of operating model transformations…well…better call Darwin. Operating model transformation. End-to-end enterprise digitization. Operating model transformation.

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Model Bank 2017: Some First Impressions

Celent Banking

Ongoing innovation in banking technology is clearly beginning to pay off, and we’ve been privileged to learn an immense amount from all of the financial institutions that took the time to tell us about their how they’ve been using technology and innovation to serve customers better, become more efficient, and mitigate risk.

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Is 2017 the year of digital business reinvention in financial services?

Insights on Business

In the world of digital banking, bigger isn’t always necessarily better. Australian digital-only bank UBank is aiming to disrupt the banking industry to deliver a simpler, better, smarter customer experience. A truly agile operating model. Learn more about IBM banking solutions.