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Open Banking and Ecosystems

Cisco

Venmo, just like Google, has become a proper noun AND a verb. It is about opening up information to spur innovation of third-party providers to build new, added-value offerings. A new one has emerged which is partner, and it may include invest, which allows FIs to move and innovate faster without the internal challenges of buy/build.

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Weekly Wrap: Google launches PPP solution and banks tackle social media

BankInovation

Google recently got involved with three new tools backed by artificial intelligence to help banks navigate the program. Banks and tech companies continue to launch Paycheck Protection Program solutions.

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Brex to launch treasury, insurance and loan products

Bank Innovation

Chief Operating Officer Paul-Henri Ferrand told Bank Innovation that the company aims to add insurance, lending and treasury products. “We’re building our operating system around our real-time underwriting and our financial stack.

Lending 273
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Choosing the right chatbot vendor

Insights on Business

The Seven Providers That Matter Most And How They Stack Up takes an in-depth look at vendors including IBM, Amazon, Google, Microsoft, Nuance Communications, Oracle and Rulai. All of these vendors provide tools that allow application developers to create customized voice and chat experiences without the need for data scientists.

Resources 101
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Traditional Banks Remain Unprepared for Digital-Only Challengers

The Financial Brand

Google's abandonment of Plex digital-only banking should not bring comfort to traditional banks that are slow to respond to neobank offerings. The post Traditional Banks Remain Unprepared for Digital-Only Challengers appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Our 7 Questions to Prevent Bad Bank Technology

South State Correspondent

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. Does the Bank Technology Improve the Customer Experience Across the Bank’s Platform? How Will My Employees Access the Bank Technology?

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Afterpay moves into US brick-and-mortar retail

BankInovation

The Afterpay card — and what we’re bringing to the market — is a virtual, contactless Visa card that is stored either in customers’ Apple […]. Afterpay is heading into brick-and-mortar stores in the United States. The Australian point-of-sale lending company, which launched online in the U.S.