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How Artificial Intelligence Is Reshaping Banking

Artificial intelligence is transforming the banking industry, with far-reaching implications for traditional banks and neobanks alike. This transition from classic, data-driven AI to advanced, generative AI provides increased efficiency and client engagement never seen before in the banking sector. According to McKinsey’s 2023 banking report, generative AI could enhance productivity in the banking sector by up to 5% and reduce global expenditures by up to $300 billion. But that’s not even half of the picture.
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Embedded Finance Trends and Statistics
This is a breakdown of some of the latesttrends and statistics in the rapidly growing field of embedded finance.
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Embedded Banking Use Cases
Embedded bankingrefers to integrating traditional banking services into non-financial platformsand applications.
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Understanding The Role Of Embedded Finance In The Fintech Revolution
Embedded finance is the integration of financial services into the offerings of non-financial companies. This innovative approach allows businesses to provide seamless financial solutions such as payment processing, loans and insurance directly within their platforms. This is especially effective for applications that allow users to either provide services for each other or interact in an exchange of value, be it monetary or not.
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Aug 3, 2023

The New Security Standard For Passwords

Traditional passwords have proven to be an increasingly problematic authentication strategy in the evolving face of cybersecurity. Biometrics, such as fingerprint recognition, facial recognition and iris scanning, are ushering in a new era of safe authentication.
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Aug 3, 2023

The New Security Standard For Passwords

Traditional passwords have proven to be an increasingly problematic authentication strategy in the evolving face of cybersecurity. Biometrics, such as fingerprint recognition, facial recognition and iris scanning, are ushering in a new era of safe authentication.
Read More
Aug 3, 2023

The New Security Standard For Passwords

Traditional passwords have proven to be an increasingly problematic authentication strategy in the evolving face of cybersecurity. Biometrics, such as fingerprint recognition, facial recognition and iris scanning, are ushering in a new era of safe authentication.
Read More