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The disruptive trends & companies transforming digital banking services in 2021

“Digital banking” emerged with heightened consumer demands for more efficient ways to access banking records and complete financial transactions outside of local branches. Digital banking is the digitization of every level, from front- to back-end, of banking. Do you work in the Financial Services industry? Get business insights on the latest tech innovations, market trends, […]
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Half of global population will use digital banking by 2026, says report

With an increase in digital transformation efforts that banks adopted after disruption by the Covid-19 pandemic, there has been a significant growth in the number of users opting for digital banking. The study has analysed 30 leading Tier 1 banks on their innovation in terms of digital features, investment and innovation. (Representational Image)With an increase […]
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Global Digital Banking Market to Reach $30.1 Billion by 2026

SAN FRANCISCO, July 13, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Digital Banking – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. Global Digital Banking Market […]
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Global Digital Banking Platform Market to Surpass $10 Billion by 2027: Report

The global digital banking platform industry reportedly managed to generate $3.95 billion in revenue last year. It’s expected to reach $10.87 billion by 2027, which means it’s projected to expand at a compounded annual growth rate (CAGR) of 13.6% from 2020 to 2027. This, according to a new report from Allied Market Research, which was […]
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The Future of ATMs in Banking

It’s been a tough year for the ATM industry. The core function of these automated tellers has always been cash dispensing. But when cash suddenly becomes an alleged pandemic “disease vector” thanks to widely circulated, but mistaken, reports of a World Health Organization statement, it caused the ATM industry great angst, coming on top of […]
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How COVID-19 Has Changed Payments & Banking Behaviors Forever

Clearly COVID-19 impacted consumer behavior globally as many consumers were forced to work from home, financial institutions closed lobbies and people worried about everything touched by others. The question has been whether initial changes in activities would become fundamental behavioral shifts once the pandemic ended. With people beginning to settle into what their “new normal” […]
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Retail Banking Without Branches: 7 Critical Elements of the New Reality

In the blink of an eye the world of retail banking has changed. Traditional branch banking, long a pillar of the sales strategy for financial institutions, has all but disappeared. Furthermore, consumer habits and behavior have permanently changed. When the current health crisis is finally behind us, we will not be returning to the high-touch […]
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How the COVID-19 crisis may affect electronic payments in Africa

The COVID-19 pandemic is a global health crisis and a global humanitarian blight. In Africa, thousands of lives have been lost, and our initial estimates suggest that one-third of the working population could either lose their jobs or have their salaries reduced as the lockdowns, curfews, border closures, and shutdowns continue. A level of disruption is […]
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Financial Inclusion Does not only mean Walking into a Bank or Using a Phone to Make Transactions – NDIC

The managing director and CEO of Nigeria Deposit Insurance Corporation [NDIC] Alhaji Umar Ibrahim said that the Central Bank of Nigeria [CBN] financial inclusion strategy is more than having engagements with the bank. Ibrahim said, “Financial inclusion does not only mean walking into a bank or using a phone to make transaction, but also allowing the citizen […]
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