📖 Why micro banking is rising in the US market | The Financial Revolutionist
Micro banking represents a significant shift in how Americans manage their finances. Consumers are maintaining relationships with traditional banks while simultaneously using various fintech platforms for specialized services. This trend is driven by several factors: consumers' growing desire for personalized financial solutions, technological advancements enabling better user experiences, cost efficiency of fintech services, and younger generations preferring digital-first solutions.
The rise of micro banking doesn't signal the decline of traditional banks, but rather a transformation of the financial services landscape where consumers create a personalized "mosaic" of services - for example, using a traditional bank for checking accounts and mortgages while turning to specialized fintech platforms for peer-to-peer payments, investment apps, or budgeting tools. This fragmentation of financial services is particularly appealing to Millennials and Gen Z, who prioritize convenience, transparency, and technological integration in their banking experiences.
📊 Unlocking Data in the Digital Asset Ecosystem | Financial Technology Partners
Access FT Partners’ Report on Data in the Digital Asset Ecosystem, which discusses the evolving state of data infrastructure in digital asset markets compared to traditional capital markets. While traditional markets have well-established, standardized data systems with reliable vendors and regulatory oversight, the digital asset space lacks this standardization. Digital asset data providers face unique challenges in compiling and normalizing data from diverse sources including blockchains, centralized exchanges, DeFi platforms, and derivatives markets.
In response, numerous service providers have emerged offering consolidated and normalized data products, though without standardized quality measures or auditing processes. As digital assets become more mainstream and overlap with traditional capital markets, the industry is expected to undergo a transformation emphasizing data quality and reliability, learning from traditional finance's "garbage in, garbage out" principle.
▶️ Data ‘Connects the Dots’ to New Revenue Opportunities for Banks | PYMNTS TV
FNBO VP of Product, Cory Mann discusses how data has become crucial for banks to remain competitive in today's rapidly evolving financial landscape. Mann emphasizes that effectively leveraging data can revolutionize how banks engage with their customers and streamline their internal operations. He suggests that data is not just valuable but essential for banks to keep pace with shifting consumer demands and technological advancements.
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