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There is no denying the reality that artificial intelligence is setting new standards in the financial sector. However, there are other segments of the financial industry that also rely on AI technology. The banking industry is among them. Banks have been slower to adapt AI technology than some other institutions.
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Looking ahead to 2025, what do you see as the key technology trends that will shape the Middle Easts digital landscape? By 2025, several key technology trends will shape the Middle Easts digital landscape. Investments in healthcare technologies will grow, driven by national health strategies and pandemic-driven innovation.
How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6
How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6
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million members, as a credit union PenFed doesn’t have the resources of a traditional bank. It doesn’t have an innovation lab or center of excellence to help it develop new technologies. I don’t normally get hyped up on technology; I’m much more practical,” Thomas says, adding that his primary focus is always delivering value.
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