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You asked — we listened. We’ve extended the deadline to participate in our anonymous industry survey to 𝟭𝟴 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿. ⏳ If you haven't shared your insights yet: 👉 Click the link below ⏱️ Spend just 5-7 minutes sharing your opinions 🔏 All responses are completely anonymous 🎫 You could win one of two all-access passes to the highly anticipated Open Banking Expo UK & Europe this October in London! Start survey: https://lnkd.in/eyFvnzfs #VRP #VariableRecurringPayments #Payments #PaymentNews

Did you catch EMARKETER's David Morris speaking on a main stage panel Future Digital Finance this morning sharing data driven insights on the payment industry with leaders from The Clearing House, Fifth Third Bank, and Citizens? There's still time to catch Tiffani Montez's presentation this afternoon on Financial Services trends for 2024 and to catch them both to chat about trends they're seeing in banking and payments before they leave the conference. #banking #payments #financialservices #digital #trends #rtp

“We should be transparent in what we use in terms of technology, but also the way we communicate with people. We should make sure we’re using our data well and safely. It’s meaty, it’s ongoing and it’s not a one-and-done type thing.” Catch Helene Panzarino (Associate Director, Centre for Digital Banking and Finance, LIBF) in our webinar ‘Banking on customer centricity: the clear communication imperative’ which is now available on-demand to gain insights on how to deliver timely and clear communications across all channels. Watch the webinar now >> https://shorturl.at/rOV58 #banking #banks #payments #cx #customercentricty #bankers #webinar #panel

In continuation to the previous post we can see the use case where we can use solid and eventual consistency Strong Consistency Example: Think about an online banking system. When you transfer money from your savings to your checking account, you want to see the updated balance right away. With strong consistency, once the transaction is done, any balance check from any branch or ATM will show the updated balances immediately. This way, everyone sees the same data at the same time, reflecting the most recent update. Eventual Consistency Example: Consider a social media platform where users post updates and comments. When you post a new status, it might not show up immediately for all your friends. Some friends might see it right away, while others might see it after a short delay. Over time, the update will reach all users, and eventually, everyone will see it. This temporary delay is what happens with eventual consistency, where the system ensures that all nodes will become consistent eventually. #StrongConsistency #EventualConsistency #OnlineBanking #SocialMedia #DataConsistency #DistributedSystems #SystemDesign #TechExamples #ConsistencyModels #TechInsights

According to the Federal Reserve Bank of Atlanta, 70% of US consumers made a digital payment in the past 12 months. (https://lnkd.in/g3QZ4ezg) Consumers have to add cards to digital wallets before making digital payments. In the June issue of This Month in Digital, we highlight how many financial institutions offer the ability to push cards to digital wallets. 🚨SPOILER ALERT🚨 ...there is opportunity for improvement! Also in the newsletter: digital accessibility, alternative payments targeting debit cards, calculators assisting consumers in debt consolidation. Download here: https://lnkd.in/gcF_Gvr7 #Velera #creditunions #digitalbanking

The full report is out following our recent webinar. A couple of new areas for 2024 as the industry faces new challenges and the market continues to evolve. #BAI #Deposits #retailbanking #bankingtrends

Great article by Alloya's Kathy Feringa on the importance of keeping up with the latest financial technology for your members. Is your Credit Union preparing for Real Time Payments?

Discover the benefits of #ISO20022's enhanced data for banking and more. Learn 5 compelling reasons to adopt it now from Swift’s expert Nicolas Stuckens. Check out the insights here: https://okt.to/XT7CqD #data #payments

The Current Account October Edition    What do our Banking experts think about the UK’s push for secure digital identity services and the increasing rate of branch closures for UK High Street banks?    In the October edition of the Current Account, Sophia Kessler and I explore: - The need to ensure that digital identity services do not disproportionately impact marginalised communities.  - Whether High Street banks will roll out banking hubs fast enough for the 3 million+ people who regularly rely on cash.    Let us know what you think in the comments below! #digitalID #bankingindustry #accesstocash Have a read ⬇    https://lnkd.in/evzA6_Ai 

The recent release of the Customer and Product Data bill will have ramifications on the open banking standard and in particular, the account information APIs that will become available by the major banks by 30-November this year. In this video Adrian Smith shares some reflections on why the bill is a good thing for New Zealanders, and why it should work well with the #openbanking standard.