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There are several ways for banks to elevate their game—fintech houses, neobanks, alternative lenders, in-bank labs. There are now more than 8,000 financialtechnology companies in the United States with the potential to shake up traditional financial institutions. Fintech Houses.
Demo: Sezzle app with knowledgebased authentication to link bank accounts. Demo: In Instagram – Example dude sees an ad for sunglasses from a bank called Genius. Then confirm identity with knowledgebased authentication. This is an extension of business services, powered by a local communitybank.
But there are ways to reduce it from entering or expanding within the financial services industry, and the methods are much more sophisticated than a questionable staple: using knowledge-based authentication questions. When he isn’t around, he leaves an awful hole, doesn’t he? Its the lifeblood of local economies.
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