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How Artificial Intelligence Is Reshaping Banking
Artificial intelligence is transforming the banking industry, with far-reaching implications for traditional banks and neobanks alike. This transition from classic, data-driven AI to advanced, generative AI provides increased efficiency and client engagement never seen before in the banking sector. According to McKinsey’s 2023 banking report, generative AI could enhance productivity in the banking sector by up to 5% and reduce global expenditures by up to $300 billion. But that’s not even half of the picture.
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Omniwire Secures Core Processor Certification from SHAZAM
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Jun 14, 2024
How The Neobank Model Should Evolve Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various
Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various sectors, including retail
Read MoreJun 14, 2024
How The Neobank Model Should Evolve Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various
Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various sectors, including retail
Read MoreJun 14, 2024
How The Neobank Model Should Evolve Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various
Card issuers' ability to provide both virtual and physical cards significantly boosts customer engagement across various sectors, including retail
Read More
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The Rise Of Contactless Payments: How It's Disrupting The Way We Pay
As cards displaced cash, contactless payments are displacing card payments—though they have yet to achieve complete worldwide ubiquity.Many markets have hit a 90+% adoption rate, with the UK (93.4%), Australia (95%) and Singapore (97%) leading the charge.Over 87% of U.S. consumers now use contactless payments, and this market is projected to grow at a 19.1% CAGR until 2030.
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Digital Payments on the Rise: Omniwire Provides Lightning-Fast and Secure Solutions
These days, 53% of people choose digital wallets over traditional payment methods like cash or a debit card, according to a 2023 survey from Forbes Advisor. By using digital wallets, 67% of Americans reported sometimes or always losing track of how much they spend with this payment type. Almost half of consumers, 47%, admitted to spending more money employing digital wallets than a traditional payment method.
Read MoreOmniwire Secures Core Processor Certification from SHAZAM
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