Tag "bigtechs"
Apple’s New Savings Account is a Hit
Apple’s new high-yield savings account is making a splash, drawing in nearly US$400 million worth of deposits on launch day. By the end of the first week, roughly 240,000 accounts had been opened, bringing in as much as US$990 million
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Meta Advances Work on Diem; Alphabet Shifts Focus on APAC Payment Market
These past few years have seen American bigtechs continuing to make inroads into fintech, teaming up with legacy financial institutions to embed financial services into their platforms, and taking part in strategic funding rounds to get their hands on the
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Facebook Readies Novi Launch; Digital Currency Wallet Could Support NFTs
Facebook is preparing for the launch of Novi, a digital currency wallet that will be integrated into its multiple apps. David Marcus, the head of Facebook Financial (F2), the internal group developing the digital wallet, said Novi could be supporting
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AI to Unlock US$1T of Additional Value Each Year for Banks: McKinsey
For global banking, artificial intelligence (AI) could potentially deliver up to US$1 trillion of additional value each year, boosting revenues through increased personalization of services, lowering costs through efficiencies, and uncovering new and previously unrealized opportunities through the use of
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Insurance Report: Consumers Turn to Non-Traditional Players, Bigtechs Amid COVID-19 Crisis
Amid the COVID-19 pandemic, consumers are increasingly turning to non-traditional players including bigtechs and product manufacturers such as Tesla for innovative, personalized insurance offerings, and enhanced customer experience, according to the Capgemini and Efma’s newly released World Insurance Report 2020.
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