Banking

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Why Banks Need to Rethink Personalization

Financial institutions (FIs) are beginning to see the light at the end of the tunnel for bouncing back from the pandemic, but the crisis has not been without its casualties. Banks have been forced to reduce or suspend in-branch activities to prevent the risk of infection at branches at least temporarily. The largest bank in […]

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Banks Need to Think Like Google and Not Just Follow It

Banks Need to Think Like Google and Not Just Follow It

Banks are going beyond acquiring and using technology from the likes of Google, Microsoft and Amazon by recruiting the brains to enable them to think like the tech giants. The role of AI in the war against pandemics We look at how AI and data science are supporting the global push to deal with the […]

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24 Big European Banks Take on Visa, Mastercard With Their Own Payment System

24 Big European Banks Take on Visa, Mastercard With Their Own Payment System

A group of big European banks is planning to challenge Visa’s and Mastercard’s positions as the world’s two largest payment processing networks, Electronic Payments International reported.

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Five Digital Banking Initiatives for Second Half of 2020

Five Digital Banking Initiatives for Second Half of 2020

By: Brandon Dewitt As the calendar nears the midpoint of 2020 and banks continue adjusting to a new normal, it’s more important than ever to keep pace with planned initiatives.

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Bank Profitability at Risk as Pandemic Slows Economy, OCC Says

Bank Profitability at Risk as Pandemic Slows Economy, OCC Says

Bank profitability is at risk as the decline in economic conditions, brought on by the coronavirus pandemic, will broadly affect bank earnings, credit quality, operations and capital, the Office of the Comptroller of the Currency (OCC) said in a report released Monday.

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Credit Sesame Acquires Canadian Challenger Bank Stack

Credit Sesame Acquires Canadian Challenger Bank Stack

Credit Sesame announced the acquisition of Canadian challenger bank Stack, a company that partnered with Credit Sesame in 2019 to create the Sesame Cash digital banking service.

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Are Challenger Banks on the Rocks? Or Will They Rock You?

Are Challenger Banks on the Rocks? Or Will They Rock You?

It’s possible that retail banking leaders have been too preoccupied dealing with the impact of the coronavirus on their institutions to notice the string of headlines indicating that the party’s over — for now at least — for some of the challenger banks they compete with.

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How Many Banks Do We Really Need?

How Many Banks Do We Really Need?

People aren’t visiting branch banks. So Banks Are Wondering How Many They Need. Branch traffic fell more than 30% in April and the first three weeks of May compared with the same period last year, according to Novantas, a financial-services research firm.

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Lightweight ‘Banking via Messaging’ Services Are Getting Gen Z Buzz

Lightweight ‘Banking via Messaging’ Services Are Getting Gen Z Buzz

More evidence that Gen Z is switching to chat platforms for just about everything, including banking, emerges today in the news that Zelf, a fintech startup offering neobank-style services, is generating buzz amongst Gen-Zers in Spain and France.

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Covid-19 Aftermath Will Bring Banks and Fintechs Together

Despite underwhelming past experience of bank/fintech collaborations, the current pandemic is likely to drive deeper relationships between incumbent banks and startups as legacy applications prove unfit for purpose in a digitally-empowered future.

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Banking Pulse: Trends, Technologies and Priorities That Will Shape the Industry in 2020 and Beyond

2020 is set to be defined by technological innovation, financial wellness and an elevated customer experience, says Oana Ifrim, senior editor at The Paypers.

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McKinsey: What COVID-19 Means for Banks and Banking

McKinsey: What COVID-19 Means for Banks and Banking

Coronavirus and the disruption it has caused have serious implications for the financial services industry, but will we see a financial crisis? The impact of the global Coronavirus pandemic has been felt in every nation and every industry.

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