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2023 Banking Outlook: Mid-Year Update

West Monroe

In our 2023 Outlook: The Future of the Banking Industry , we anticipated murky waters and a rising need for the use of digital solutions to better evaluate profitability, identify key customer touchpoints, and work to prevent deposit outflows and overconcentration. This urgency has only increased.

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How Branches can Help Bridge the Gap Between Traditional and Digital Banking

West Monroe

Today’s consumers are seeking a more personalized and streamlined banking experience than ever before, with generations from baby boomers to Gen Z conducting a balancing act with their finances when it comes to digital and in-person services. consumers are using fintechs today.

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How Branches can Help Bridge the Gap Between Traditional and Digital Banking

West Monroe

Today’s consumers are seeking a more personalized and streamlined banking experience than ever before, with generations from baby boomers to Gen Z conducting a balancing act with their finances when it comes to digital and in-person services. consumers are using fintechs today.

Banking 52
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2022 Banking Outlook

West Monroe

It is also assumed that M&A will be a hot topic in 2022 as banks look for new growth opportunities and to increase the speed at which they can invest and scale their technology platforms. Payment and monetary disruption: the rise of crypto in mainstream banking. This outlook will not include an analysis of M&A trends.

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New Era of Telephone Payments: SOTpay Shakes Up the Industry as IVR and DTMF Hang Up

CSM Magazine

Gala Technology , the trailblazer in payment solutions, is thrilled to reintroduce SOTpay, an innovative technology set to revolutionise telephone payments. SOTpay, crafted with versatility in mind, extends beyond credit card payments and Open Banking transactions.

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The Bank Branch Digital Transformation Trifecta

Avaya

So, how will the bank branch be impacted? We have an idea of where bank branch digital transformation is headed…. In 2016, Ernst & Young introduced its Banking Relevance Index (BRI), designed to measure the importance of traditional banks to customers’ lives. But this hasn’t stopped demand for traditional banking.

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Loyalty trends 2023: a year of cost-driven innovation

Currency Alliance

During the covid-19 pandemic, we saw brands offer points for purchases across new sales channels, and the ability to stay engaged with the loyalty program – even if purchase volume or frequency dropped. Brands innovate around digital CX as an effective loyalty driver. An increase in fraud drives innovation around fraud prevention.

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