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Fintech - Banking Exchange
2,927 bank branches closed last year, as bank customers opted for mobile and digital offerings
Traditional banks lack the underlying technology to undertake digital transformation reveals ISG report
84% of financial institutions need to act to leverage data
Challenger banks or neobanks have gained rapid adoption due to their ability to meet customers in the channel of their choice
Fintechs and banks should prepare now by upgrading backend loan-servicing rails
Lack of supervision could pose medium to long term risk to consumers, businesses, and financial stability
The lines between banks and banking are blurring more and more
Almost every brand across industries is courting millennials and Generation Z consumers
27% of consumers now have relationships with neobanks
Envel, an AI powered bank, launches crowd funder after SEC increases regulation cap
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