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Silicon Valley giants are better innovators, software developers and data managers, but banks' inherent advantages shouldn't be discounted, says Sonny Singh, a senior vice president at Oracle.
January 10 -
Digital banking will become less visible because it will be embedded in other daily activities with the help of AI, voice interfaces and other emerging technologies.
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In trying to adapt and survive in an increasingly tech-dominated world, banks may unintentionally give up their most valuable commodity — their relationship with the consumer, and the data that comes with it.
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Policymaking has moved at an agonizingly slow speed compared with the exponential growth of technology, leaving regulators and lawmakers facing a huge task over how to keep up.
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Amazon is starting the new year with a major payment technology deployment at more than 11,500 gas stations, providing the e-commerce giant with an added leg to its rapidly expanding payments network ranging from checkout-free stores to Whole Foods to its own planned grocery chain.
January 6 -
Europe's PSD2 data-sharing mandate is inspiring banks such as BBVA to form unconventional alliances.
January 6 -
Gift cards will be the most-requested item this holiday season again, and for the first time, one in three U.S. consumers buying gift cards will opt for digital versions, opening new possibilities for merchants that are anxious to counter Amazon's influence and improve user experience for stored value.
December 18 -
The international regulatory group said that despite some benefits from tech firms' incursion, the companies' efforts may present operational and disruption risks.
December 9 -
Facebook’s stablecoin initiative has inspired countless ideas about how to put fintech under the control of federal regulators. Here are the most critical questions.
December 9
Georgetown University Law Center -
In a move to aid faster expansion and provide more security and regulatory compliance tools, Sweden's Klarna Bank is strengthening its longtime relationship with Amazon Web Services by making it the preferred cloud provider.
December 2 -
In a move to aid faster expansion and provide more security and regulatory compliance tools, Klarna Bank in Sweden is strengthening its longtime relationship with Amazon Web Services by making it the bank's preferred cloud provider.
December 2 -
Nearly one in four bankers said that the tech giants pose the biggest competitive threat in the long term. But are those fears warranted?
November 21 -
In a move that accelerates Western Union's plan for its money transfers to be part of advancing digital technology, the cross-border payment provider has entered an agreement with Amazon Web Services for long-term cloud services.
November 19 -
Large brands such as Barclays and Amazon recently reversed course and allowed cash to accompany clearly digital strategies, moves that made more sense politically than economically. The question is how long public policy can be the main factor in slowing cash’s decline.
November 13 -
Not long ago, a Walmart Inc. store manager asked the company’s e-commerce department if it could send over the details of any online orders that customers were planning to pick up at the store that day.
November 12 -
Alibaba's Singles Day e-commerce marketing event set another record, suggesting Asia's giant digital payments market shows no signs of slowing down.
November 11 -
Banks should stop competing on volume with large techs and start competing on added-value services to win over customers.
November 8
IBM -
An e-wallet in development would give tech companies the ability to provide millions of customers virtual bank accounts and to offer perks such as car loans or discounts on home rentals to those who keep money stashed there.
November 6 -
Tinker Federal Credit Union has allowed the retailer to install its lockers at several locations. It's one of a variety of new tactics institutions are using to get potential new members in the door.
November 4 -
JPMorgan Chase and Amazon.com have begun testing the new health care venture they're developing with Warren Buffett's Berkshire Hathaway, rolling out some of the new offerings to employees in a handful of states.
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