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4 keys for successfully moving into a digital financial environment

There has (rightfully) been a lot of talk this year about digitization in the financial sector, with the COVID-19 pandemic drastically accelerating the development and implementation of digital solutions in financial institutions. This has been somewhat of a challenge for financial institutions as they seek to balance the need for …

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5 steps for financial institutions to secure their digital banking channels

When the COVID-19 pandemic first hit, financial institutions rushed to digitize both their internal processes and their consumer-facing services in order to provide consumers with reliable products and services in a new and uncharted reality. However, in their haste to digitize, many financial institutions may have unknowingly created security holes …

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Internet Banking Rank 2020 report published

Markswebb has published its Internet Banking Rank 2020 report, which explores how an online financial institution for individuals can be developed to bring value to consumers and cope with new challenges (including the current COVID-19 challenges). This includes an investigation of how consumer behaviors are changing, what activities are the …

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Infographic: COVID-19 boosting banking’s focus on digitalization

The COVID-19 pandemic has dramatically reshaped our world in only a few short months. In the world of banking, this has led to an increased focus on digitalization. This trend is perhaps best illuminated in a recent survey conducted by card issuing platform Marqeta, as outlined in this enlightening infographic. …

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What lifestyle banking means for the future of banking

Most people today maintain an active lifestyle that is defined by a routine or set of routines. Moreover, more and more aspects of life are continuing to become part of our lifestyles, and banking is no different. As the idea of banking evolves from a simply-structured financial organization focused on …

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Video: the state of artificial intelligence in banking

Artificial intelligence (AI) is becoming an increasingly common tool used by financial institutions across the world. Take a quick look at how they are putting AI to use, what risks this carries and what state regulating bodies can do to foster the further development of AI in banking. Citi opens …

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CBDCs alone cannot solve financial inclusion problems

Financial inclusion (or the lack thereof) is an ever-present issue, even in the modern world. In fact, an estimated 1.7 billion do not have reliable access to a bank account or other simple banking services. This forces them to turn to alternative institutions that charge high fees, trapping them in …

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Design considerations for central bank digital currencies

Central bank digital currencies (CBDCs) are being explored and, in some cases, piloted by central banks around the world. To become a contributing part of our future world however, they must be paired with an extremely resilient, secure and performant infrastructure that has the ability to onboard, authenticate and support …

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New report highlights central bank digital currencies

Deutsche Bank Wealth Management has released a new special report on central bank digital currencies (CBDCs). The report highlights how CBDCs could fundamentally change all financial relationships by, essentially, making governments the main intermediaries between all financial transactions. While this could serve to increase transaction speed, security and transparency (thereby …

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Quick look at the statuses of various CBDC projects around the world

A new working paper from the Bank for International Settlements (BIS) examined the state of various central bank digital currency (CBDC) projects around the world to see what their statuses are. Interestingly, 3 countries (Ecuador, Ukraine and Uruguay) have already completed retail CBDC pilots, and 6 (the Bahamas, Cambodia, China, …

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Video: central bank digital currency basics

With China set to pilot its new central bank digital currency (CBDC) in select areas across its territory, it is poised to become the first nation in the world with a sovereign digital currency. But what exactly is a CBDC? How does it work? And what’s the difference between a …

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Infographic: the benefits of a central bank digital currency

The idea of developing and implementing a central bank digital currency (CBDC) is gaining traction in governments around the world. Take a quick glance of the benefits of a CBDC in this illuminating infographic. FinTech’s impact on cyber response and recovery EY report: Fintech penetration rates around the world Video: …

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Big Data in banking is becoming everything

While social media companies are great at determining what gets our attention, financial institutions know what opens our wallets. Now, Big Data offers a way to combine these two forces (and more) to allow financial institutions to better deliver on their core promise of listening to consumers and creating products …

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Big Data’s impact on finance

The financial services industry is changing at an unprecedented pace. Let’s take a quick look at the role of Big Data in this time of extraordinary change: Risk modeling and management – adopting Big Data analytics helps build more effective risk models and propose new methods to mitigate risks. Consumer …

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Data science in finance: the case for AI

Understanding complex and interdependent financial systems has long been the proverbial pot of gold at the end of the rainbow. The sheer volume of data involved, the administrative burden of maintaining and processing historical records and the high resources needed to exploit and make sense of an ever-growing lake data …

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