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Full-Service Branch Access Unaffected Despite Industry Consolidation

Banking Exchange

Report by the Federal Reserve of Cleveland studied whether bank consolidation had impacted customer access Retail Banking Financial Trends Duties Branch Technology/ATMs Customers Feature3 Feature Financial Research.

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Cognitive Technology: A shelter in the storm of regulatory change

Insights on Business

Turbulence and disruption have been the mainstay of the financial services industry for more than a decade and there is little to suggest that a long calm is in the offing. Quite the contrary, the industry had to adapt to an onslaught of new regulations in the aftermath of the Global Financial Crisis. The system can learn.

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PYMNTS Daily Data Dive: The Underbanked Still A Problem In The US

PYMNTS

Digital banking trends and advancing technology can imply that the unbanked or the underbanked are a diminishing group in U.S. society, but figures show that the underbanked comprise almost a quarter of the population.

Cleveland 100
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KeyBank On Digitizing In-Person Services With Data Analytics

PYMNTS

Temenos is also providing free access to its online sandbox environment so that banks can test new technologies in a controlled space. Deep Dive: Banks Harness Digital-First Technology To Weather The COVID-19 Storm. For more on these and other digital-first banking news items, download this month’s Tracker. About The Tracker.

Analytics 141
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How Banks Have Adapted Their Digital Banking Systems To Serve Customers During The Pandemic

PYMNTS

One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets. Harnessing data in this way is common in the banking industry, with 59.3 Adapting to Social Distancing .

System 226
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Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

The newswire said that Berlin exists as a “hub” for the industry, where roughly 10 startups focus on blockchain, and end markets span energy, pharma and transportation. As reported this past week in the Cleveland Scene , one of Cleveland’s largest blockchain firms, Votem , shuttered doors abruptly amid a lack of funding.

National 161
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PLI 25th Annual Consumer Financial Services Institute – 25% discount available

CFPB Monitor

At the same time, the improved economy, the deregulatory environment at the federal level, and the increase in technological innovation (including artificial intelligence, data aggregation, and Blockchain) has resulted in new entrants into the consumer financial services industry and the offering of new products and services by the industry.