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Cloud Technology For FIs, Debit Cards, Potential Credit Card Default Crisis Top This Week’s News

PYMNTS

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into cloud technology for financial institutions (FIs), debit cards and a potential credit card default crisis. Synchrony CEO Warns Of US Credit Card Default Crisis.

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The Race To The Cloud: Will Digital Banks Win?

PYMNTS

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. Developments Around The Cloud Banking World. British FI Lloyds Bank is moving forward on its digital journey with the help of a few partners.

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Philippine Government Considers Digital Bank Limits

PYMNTS

The government of the Philippines is considering limiting the number of digital banks that operate in the country, Bloomberg News reported on Thursday (Oct. Banks around the world have been accelerating the adoption and promotion of digital banking as a result of the COVID-19 pandemic.

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Report: Overcoming ID Fraud’s Technology Blind Spots

PYMNTS

For more on these and other financial crime news items, download this month’s Playbook. Fighting The Rise Of Corporate Banking Fraud With AI And Machine Learning. Technologies like video onboarding and AI have shown promise in facing this threat, but each is vulnerable when deployed alone. billion in 2019. About The Playbook.

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Deep Dive: Strategizing Transparent, Holistic Digital Banking Transformations

PYMNTS

The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result. One study recently determined that the number of digital banking users is expected to exceed 3.6

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Grab, Sea And Ant Chosen To Receive Digital Banking Licenses In Singapore 

PYMNTS

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. and a consortium of Southeast Asia’s Grab Holdings and technology group Singtel. to receive “digital wholesale bank” licenses. to receive “digital wholesale bank” licenses.

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Welcome to Bank Automation News and the new era of banking technology

BankInovation

When Bank Innovation was launched back in 2009, our goal was to show banking executives how a digitized bank could make a traditional bank better, how a technology-driven strategy could transform satisfaction levels that had at the time — this was during the credit crisis — plunged to all-time lows.