Technology

Technology and Banking Transformation

Is there a right way and wrong way to innovate? For banks interested in transforming their brick-and-mortar branches, maybe, according to Diebold Nixdorf Senior Director of Advisory Services Chris Gill.

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Is It Viable to Have a Cashless Society? 

In most countries around the world, cash is still the most accepted form of payment. In America 70 of retail transactions are still made with cash, according to a recent study by the Pew Research center, but in some countries, Sweden for example, only 13 of transactions are paid this way.

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New Blockchain Technology From IBM to Help Credit Unions

Blockchain is a revolutionary technology which is celebrated by many. It has significantly impacted many industries. The uses, benefits, and next steps of the technology are being discussed in the ongoing Blockchain Week NYC. IBM just signed a new partnership deal with CULedger.

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Big Data – The Budget Myth

Many IT departments dive into a big data implementation by budgeting only for hardware and software. Little do they realize that the future viability of their solution depends upon effective budgeting for other items. Budget for Scaling Big data solutions do not scale the way that typical operational systems do.

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Current Trends in Fintech and AI

Artificial intelligence (AI) in the fintech industry is not about replacing live employees with robots. Instead, it’s about using automation to carry out basic or routine tasks in order to let employees handle more complex issues.

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Experian’s 2019 Global Identity & Fraud Report 

Digital commerce has altered the way consumers interact with businesses. In recent years there has been a move away from face-to-face transactions to anonymous relationships built on trust. This scenario is difficult to achieve and it is one earned over time.

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Cybersecurity in Banks: Controlling What to Expect

Cybersecurity in banks is absolutely critical. Losses from attacks on payment systems are increasingly costly. As the world becomes more digitally connected there are numerous cybersecurity challenges to take into account. Cybersecurity in payments requires flexible, strong and adaptable technology to combat threats before they even occur.

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Mobile Devices Adopt SMB FinTech Functionality 

As the financial services space focuses on digitizing offerings for their small business customers, much of these efforts are targeting online banking portals accessed via desktop.

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Mobile Payments, Debit Cards, Credit Cards New Lay of the Land at Mercedes-Benz Stadium

March 7, 2019 By: Steven Anderson We’ve seen mobile payments over the years step into a great many arenas, in some cases literal arenas.

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ICBA on How FinTechs Can Help Community Banks

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA).

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RBS Trials Biometric Fingerprint Bank Card

Royal Bank of Scotland is to pilot a biometric bank card which will allow customers to verify a purchase using their fingerprint. Those taking part in the trial will not need to use a Pin code to verify transactions of more than 30. RBS said the technology was designed to increase security and make payments […]

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What Does Fintech Hold for the Future of Banking?

There’s a revolution happening in the banking industry right now. More and more institutions are moving towards digitalizing their services and improving their connectivity with their clients, and we’re already seeing some amazing results from that.

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