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Studies & Trends

Majority of Individuals Who Don’t Bank Locally Cite Lack of Branches, ATMs

Among individuals who would not consider opening a checking account with a local financial institution, the top reason given (56 percent) is limited branch and ATM locations.

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What’s Distributed Ledger Technology?

An overview of distributed ledgers and some benefits and risks of using them.

By Katherine West

Distributed ledger technology, sometimes referred to as DLT, is a relatively new technology that is quickly becoming a hot topic due to its association with cryptocurrencies like Bitcoin. But what exactly is it? Though often associated with cryptocurrencies, DLT is, at its core, a new form of record keeping that can be applied in a wide variety of settings.

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Financial Institutions Want Guidance in Developing Payments Strategy

Results of The Center for Payments first nationwide survey focusing on the current and future payments environment in the U.S. are in, with more than 700 financial institutions and third-party senders participating in the organizations Future of Payments study. The study examined payments strategy, as well as plans and interest in adopting new technologies such as faster payment solutions.

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Four Ways Biometrics Could Change the In-Branch Banking Experience

By Philippe Benitez

Biometric technologies are here to stay. That much is evident, thanks to consumers’ avid adoption of mobile devices and everyday applications that leverage fingerprint identification, facial recognition and other modalities that already extend into the mobile banking realm. As that tech diffuses into other parts of daily life and business, including airports, automobiles and commerce, it’s worth considering how it might transform bank branches, one of the last bastions left relatively untouched by the digital revolution.

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Less Than Half of Construction Finance Data Is Centralized

A new report from Austin, Texas-based Rabbet, an intelligent construction finance platform, found evidence of digital readiness among lenders and developers in an industry that has historically been slow to adopt new technology. Recognizing the potential impact of artificial intelligence and automation, more than 70 percent of lenders surveyed agree that aspects of the draw process can be automated, and 67 percent of developers think automation will expedite the process.

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