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With many customers accustomed to digital banking, technology is ever-more important.
A record net 2,927 US bank branches closed in 2021.
Community financial institutions have seen low interest rates for a long period of time.
What is the best way for bankers to communicate with their customers digitally?
A number of challenger and foreign banks have recently exited or scaled down their presence in the US.
Others that we believe could begin to grow even more prominently are the digital race and ongoing changes to the ways of working.
Digital banking is a must for community financial institutions, with nearly 65% of the US population using digital banking in 2021.
Google has announced it is ending its embedded banking experiment, Google Plex.
This year, the number of digital banking users will reach 197MM.
Now that the Infrastructure Bill is a step closer to being passed, he may turn his sights towards banking regulations.