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Elon Musk’s X Partners With Visa to Provide Financial Services

The New York Times: Banking

The social media company said it would start a peer-to-peer payments service, moving to expand the apps abilities.

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Here’s What Financial Institutions Are Missing When It Comes To CX

Global Banking & Finance

Here’s What Financial Institutions Are Missing When It Comes To CX By Elizabeth Tobey, Head of Marketing Digital Solutions, NICE As consumers demand more digital banking options and financial services, organizations grapple with uncertain global financial markets; it often feels like the banks have their hands tied.

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From Compliance to Resilience: Adapting to DORA in Financial Services

Global Banking & Finance

Author: Shilpa Doreswamy, Sector Director of Retail Banking, GFT The financial services industry is increasingly grappling with the critical issue of downtime. In today’s digital age, even a brief outage can have severe repercussions, costing banks almost $5 million an hour, discounting any penalties and fees.

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Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger

Global Newswire by Notified: M&A

(OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., jointly announced today that approval has been received from the Federal Reserve Bank, The Federal Deposit Insurance Corp.,

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Artificial Intelligence (AI) in Banking, Financial Services, and Insurance (BFSI) Market to Surpass USD 180.93 Billion by 2031 | SkyQuest Technology

Global Newswire by Notified: M&A

Westford, USA, May 14, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Global Artificial Intelligence (AI) in Banking, Financial Services, and Insurance (BFSI) Market will attain a value of USD 180.93 billion by 2031, with a CAGR of 31.8% over the forecast period (2024-2031).

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DFCU Financial Announces Intent to Acquire Winter Park National Bank, Expanding Florida Footprint

Global Newswire by Notified: M&A

08, 2024 (GLOBE NEWSWIRE) -- DFCU Financial, one of Michigan's largest and most trusted credit unions, is pleased to announce its intent to acquire Winter Park National Bank (WPNB), a well-established financial institution based in Winter Park, FL. DEARBORN, Mich. and WINTER PARK, Fla.,

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What is a Neobank? Everything you should know

Razorpay

Traditional banking, which has been the go-to for hundreds of years now, has not been able to keep up with today’s tech-savvy customers. Long waiting times, security issues, and fixed working hours are a few of the problems plaguing legacy financial institutions today. They even provide credit and lending services.

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