Banking trends for 2020: More blockchain, voice engagement, and social media money accounts

Technology and competition are two forces reshaping the banking industry. Customers are demanding tech-first innovations and improved customer experiences, while competition from unexpected quarters continues to shake up the field. Here are trends you should know about for 2020 and beyond: Expansion of 5G wireless connectivity: The first 5G systems were deployed in 2019,...

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Opportunities and challenges facing the banking industry in 2020

Like almost every other industry in North America, the banking sector is undergoing massive transformation, with shifts in technology, consumer preferences, government regulations, and competition from startups. Innovation can help solve some of these problems, but legacy institutions which are slow to respond to changes may find themselves with a difficult transition. Here are...

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Banks’ response to coronavirus: Curtailing travel, asking for eased regulations

Banks in the United States are working to respond to the coronavirus, with that response divided into two efforts: one to protect the banks themselves, and one to support the economy and financial markets. American banks are developing plans to address potential developments, maintain business continuity, and keep customers and employees informed. Banks are...

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Prepare To Delete Data in Light Of California Consumer Privacy Protection

Taking inspiration from the European Union’s General Data Protection Regulation (GDPR) and motivated by the spate of recent data breaches, the California Consumer Privacy Act will provide Californians with the toughest consumer privacy protections in the country. While good for them, anyone doing business which deals with personal consumer information—even if they are not...

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