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Financial Trends
The digital evolution of banking in a post-COVID environment
Eight banks are said to have partnered with Google Pay to launch digital checking accounts from 2021
Spending fell as the economy closed at the end of Q1 2020 and consumers sought to be “diligent” with debts
Delayed and abandoned transactions punctuated a weak period for activity in the first half of the year, says PwC
Increase in productivity from remote work, bank onboarding applications, insurance claims, trade processing and capital markets payment related work
EU and UK banks could be in a far worse position than their US peers following the COVID-19 pandemic, research has shown
The New York-based bank will close six branches and merge them into other existing premises after a multi-year fall in in-person visits
The $50 billion bank will also invest in training programs for staff and take proactive measures to improve recruitment and supplier diversity
Decentralized finance (“DeFi") has grown from a blockchain-based FinTech sandbox into a complex array of platforms through which borrowers, lenders and investors can undertake bank-like transactions without banks
Investors have shied away from bank stocks despite multiple stress tests showing the sector to be performing well amid the pandemic
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