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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Omniwire Launches New Credit Builder Debit Card
The innovative card provides financial institutions with a safe and accessible option for consumers to build or improve their credit history.
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Jun 14, 2024
How The Neobank Model Should Evolve Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various
Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various sectors, including retail
Read MoreJun 14, 2024
How The Neobank Model Should Evolve Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various
Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various sectors, including retail
Read MoreJun 14, 2024
How The Neobank Model Should Evolve Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various
Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various sectors, including retail
Read More
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How Open Banking May Affect The Financial Sector
The banking industry is facing a substantial shift. In the financial sector, one of those shifts is better known as open banking. Open banking is a financial services innovation that provides third-party developers with API access to consumer banking data. This ultimately gives customers more options and control over their financial information.
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Omniwire and SHAZAM Unite to Bring Lightning-Fast Innovation to the Market
OmniWire is thrilled to announce its new partnership with SHAZAM, the premier member-owned debit network, processor, and core provider.
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Top Cybersecurity Trends In 2023
By 2028 the global cost of cybercrimes is estimated to increase by 69% to a whopping US $13.82 trillion. According to IBM’s 2023 report, the average cost of a corporate data breach is $4.45 million.
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