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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions

Bank Innovation

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

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What banks can learn from Wal-Mart

Chris Skinner

In the video, Lore presents a plan to bet Wal-Mart’s future not on e-commerce standbys such as books, electronics, and toys, but on product areas only now becoming popular online, including apparel, fresh food, and “everyday essentials” like drugstore items. “AMAZON IS DOMINATING” reads a slide on a large screen behind him.

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Retailers, Banks Say Transaction Clarity Key To Moving From Dispute Management To Dispute Prevention

PYMNTS

And then, after the transaction is made, there’s the task of understanding the byzantine codes and data that are tied to online statements. The “language” of the statements may represent a Rosetta Stone of sorts for the 110 million consumers who have pivoted online in the wake of the pandemic.

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Alternative Payments Gain Global Traction, But Cash Remains Tough Foe

PYMNTS

Launched in India in 2017, PayPal has formed partnerships with local online merchants such as BookMyShow, MakeMyTrip, Yatra, Goibibo, FreshMenu and Box8. The online payments industry in India is expected to grow tenfold to $500 billion by 2020. With that in mind, Google also launched a localized payments app for India in 2017.

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Why AI Risk Tech And Banks Could Be A Match Made In Heaven

PYMNTS

And, as is traditional with online lenders, Upstart can do that online, in a couple of minutes, after a consumer has filled out an application. Over the term of the loan, he observed, the firm tends to see its customers’ traditional credit scores increase by 20 to 30 points on average.

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TD Ameritrade Enables Instant Brokerage Account Funding Via Apple Pay

PYMNTS

TD Ameritrade, the Omaha, Nebraska online brokerage, announced Tuesday (Jan. 15) that it now enables customers to instantly fund a brokerage account with Apple Pay via an Apple Business Chat in the Messages app on iPhone and iPad.

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TD Ameritrade Integrates With Tencent’s WeChat

PYMNTS

TD Ameritrade, the Omaha, Nebraska online brokerage, announced Monday (December 3) that it is the first U.S.-based based brokerage to integrate with Tencent’s WeChat messaging system, which is wildly popular in China.

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