Remove Fintech Remove Millennials Remove Trends Remove User Experience
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Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud

PYMNTS

The entrance of non-bank FinTechs and alternative lenders, too, is adding new pressures on traditional FIs to up their digital games. According to a recent survey from the Boston Consulting Group (BCG), profits among the world’s corporate banking institutions is significantly declining – but digitization could halt that trend.

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The Great Credit Card Program Outsourcing Debate

PYMNTS

For instance, with the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. Not only that, but these are indeed the days for mergers and acquisitions (M&A) in the world of payments, and that trend looks likely to hold into the 2020s.

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Wealth Management In The Post-Covid World: Tech Is Reshaping How We Save And Invest Money

CB Insights

As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike. Below, we dig into emerging trends in the wealth tech industry. Consolidation will continue, even between fintech startups. Source: Deloitte. What’s next?

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In Financial Services Innovation, Disruption Isn’t Everything

PYMNTS

The question applies to financial institutions of all sizes and is especially germane to smaller banks and credit unions, firms which do not have the deep pockets or the technology of larger banking compadres and FinTechs. Companies must look at trends within the larger ecosystem in their industries and in the market.

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In Banking Innovation, Eyeing The Needs Of The ‘Digital Native’

PYMNTS

As millennials rise through the ranks and within the ranks, we see the rise of what he termed “digital natives.”. An increasing number, at more than 18 percent, intend to observe market trends before introducing new products, versus 14.8 That bifurcation comes, said DeRosa, as demographics shift. The study found that only 13.3

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Investment App Investing In Itself To Fight Fraud

PYMNTS

That easy access point, however, means that Krieg and his team need to ensure that the users are who they claim to be. Verifying users can be more difficult for digital companies like Stash than it was in the past for traditional banks and financial institutions. Krieg said. Enlisting help from experts. About the Tracker: .

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Why getting digital banking right could prove vital in the Gulf

NCR

What this means is that any bank hoping to succeed in the region must have not only a strong brand, but a clear plan to distinguish itself by achieving high standards in customer experience. The United Arab Emirates (UAE) is one key market where this trend of overbanking is particularly notable.