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Reimagining The Bank As A Technology Company

PYMNTS

Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one. “Banks are technology companies,” Rio Tinto recently told PYMNTS.

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The growing interest in digital banks

Insights on Business

Traditionally, banking was a conservative industry with relatively high barriers to entry. Banking products and services were defined and controlled by the bank. At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry.

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Why Digital Banking Platforms Might Be Firms' ERP Of The Future

PYMNTS

With more digital banking options emerging on the U.S. market, FinTechs are turning their attention to the business community, whose demands for a better banking experience are growing louder. Marrying AP With Banking.

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How to Successfully Implement a Digital Solution

Gonzobanker

But even then, the number of median active mobile users reported by mid-size banks had increased nearly 40 percent over Cornerstone’s prior bank study in 2017. Digital Banking is Here to Stay. Providing a top-notch digital customer experience is critical to an institution’s competitive future.

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Hollywood’s Newest Special Effect, Digital Banking?

PYMNTS

However, the one missing piece that these automated banking features lack is a real human being to interact with during a transaction. The company’s new technological development is intended to bring back the human component to customer service without relying on actual people. An Oscar-Worthy Banking Solution?

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How To Ensure Community Banks Aren’t Left Behind In The Digitization Revolution

PYMNTS

But for financial institutions (FIs), some of which have been around for decades, understanding how to take the first steps in the digitization process can be an overwhelming task. At the same time, the logistical challenges and competitive pressures associated with digitization remain just as pertinent for community banks.

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Elan: Redefining How To Reach Existing And Potential Cardmembers

PYMNTS

We knew we had to pivot and act quickly to develop digital tools to enable self-servicing for our existing customers, while also increasing our focus on driving frictionless access to credit card applications for new customers.

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