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How Can Regional Insurance Carriers Harness the Power of AI?

Perficient

One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry. By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions.

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Currencycloud Links Regional Banks To X-Border B2B Tech

PYMNTS

To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. Our industry-leading rates platform now combined with Currencycloud’s capabilities will make our offering even more powerful for our regional and community banking clients.”.

Regional 181
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Cloud Banking Gives Legacy Systems A Lift

PYMNTS

Is it surprising to know that 55 percent of legacy financial institutions (FIs) report lacking maturity in core systems? Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded? Cloudy, With A Chance of Innovation. It’s true, but not for long.

System 268
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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

PYMNTS

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. A central entity may be associated with a government of such a region.”.

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Why Danske Bank is Working with Other Nordic Banks for a Unified Payments System

Bank Innovation

EXCLUSIVE – The Nordic countries, in the northern reaches of Europe, comprise a small region with a small population (about 26 million across 7 countries), but disparate payments infrastructure prevails despite a mobile-friendly populace.

System 257
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Mastercard Uses Blockchain To Innovate AgTech

PYMNTS

Mastercard ’s Senior Vice President of Innovation and Startup Engagement Deborah Barta told Karen Webster in a conversation with Luis Macias , CEO and Founder of GrainChain , that COVID-19 has only intensified the issue. Hopefully, with our systems, our implementations and what we do, farmers aren’t looking to just eat tomorrow.”.

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Banking Innovation Enters New Era; Consolidation Now The Rule

PYMNTS

What makes the current developments so interesting and exciting is that “we're just seeing that they're at the end of the innovation growth cycle,” he explained. Clearly there's regional saturation, which leads to consolidation.”. These aren't small companies or digital innovators,” he noted.