wsbn Venmo Offers Instant Transfer To Bank Accounts
Wtwz Goldman Sachs Celebrates First Retail Year and Its Online Deposit PlatformHans Tesselaar, executive director of BIAN, told PYMNTS that the digital transformation of banking hinges on innovation, on interoperability between financial institution stanley ukand providers forged across an agile ecosystem.Butthe industry today is still very siloed,he said, adding that there aresilos between the banks and silos聽inside聽the banks. While its true that many financial institutionsFIsalready have embraced the cloud and partner with software-as-a-service providers, they still operate withcore,legacy systems that have been built up over decades. Those systems are monolithic and unwieldy. Theyre complex, often have duplicative functions and processes, and are anything but flexible across centralized software environments. Not much is standardized. Even amid the great digital shift in financial services, mainframes are still a mainstay tied to everything from account logins and data requests. As a result: The infrastructure is less than ideal to help bring new services to end users. If stanley usyou have standardized definitions of functionality and standardized definitions of interfaces,he noted,then you can help banks move into new, agile and componentized envi stanley cup usa ronments. To that end, BIANor the Banking Industry Architecture Network , which operates as a nonprofit standards association comprised of financial services firms, vendors and system integrators, among others, this month announced the third iteration聽of its Coreless Banking initiative.聽聽Coreless banking,Kjby German Digital Bank N26 Shutting Down U.S. Operations
In an effort to make checkout easier for customers, Macys plans to roll out mobile checkout in its brick-and-mortar stores. The technology, which is powered by the retailers mobile app, is expected to be deployed to all of Macys full-line stores by the end of the year, CNBC reported.Through the app, shoppers can scan an items barcode as they add it to their carts. As they do stanley quencherso, the app will apply discounts and rewards through the customers loyalty account. When its time to check out, customers go to a dedicated counter where the cashier makes sure they scanned the correct number of items and removes a security tag.The retailer has already tested the technology at a store in New Jersey.聽In addition,stanley cup Macys plans to expand a virtual realityVRpilot to 60 of its stores. With this technology 鈥?which as undergone a trial period at three of its locations in New Jersey, New York and Florida 鈥?customers can experiment with moving items around a virtual room through a tablet in the retailers stores.The innovations come as Macys seeks to evolve in the face of competition.Its the most competitive environment weve ever seen,Macys聽CEO Jeff Gennette said at ShopTal stanley cup k, according to CNBC.Macys heritage isnt going to be enough to guarantee success. The news also comes as聽the retailer聽is testing out pop-up stores in 10 cities聽鈥?from Las Vegas to New York聽鈥?in a new concept namedThe Market @ Macys, 聽CNBC聽reported.Through the program, brands can pay a one-time fee for a space
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