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American Express announced it is planning to roll out a new real-time product that will let U.K. consumers pay for goods and services online.
The banking industry, in particular, is undergoing some changes now that are a product of tech advancements.
Banks are organized in a way that takes away from the customer and gives special focus to the different products the bank has to offer.
GDPR is not the only regulation to affect the banking industry. Another European regulation has been put in place that changes the way Banks share customer data with third-parties. It’s called Open Banking.
Spanish banks are under a lot of pressure at the moment. They are facing tougher competition and tighter regulation.
Here are some of the ways in which AI can be of use for financial services providers.
When dealing with a demanding consumer constantly in search of convenience, the first step for banks is to digitalize their services.
Mobile banks, or disruptor banks as they are also called, have been throwing traditional banks into a whirlwind.