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Digital Dollar Project to launch at least five pilot programs over the next 12 months, funded by Accenture
The pandemic greatly accelerated the technology shift as customers were largely unable or not willing to visit branches in-person
Within this adversity lies an opportunity for banks to revamp their call centers and retain customers
Federal Reserve data noted the lack of demand for small business loans even while noting that consumer demand is on the increase
Last week Bank of America estimated that Americans have $3.5 trillion in their bank accounts they did not have one year ago
Many incumbent US banks are not structured for a new digital shift boosting opportunity for fintechs
Platform will help gig workers and contractors access government Covid-19 support
Fintechs stepped up to the plate in giving Americans faster access to stimulus checks without fees
Bitcoin was first seen as an obscure digital currency born from the 2008 financial crisis. In 2021, it’s viewed as digital gold.
The lending program was due to expire on March 31
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