Shawn Conahan

Nov 17, 2024 | fintechbloom.com | Shawn Conahan

By Shawn Conahan, Chief Revenue Officer, Wildfire SystemsAccording to EMARKETER, 4 million Gen Z customers will open bank accounts per year through 2026. Great news for banks, right? Well, yes and no:  a recent research report, Javelin Research noted that between 2022-2024, the percentage of Gen Z customers who banked at one of the five largest US banks dropped from 68% to 61%.

Jun 25, 2024 | finextra.com | Raktim Singh |Nick Green |Shawn Conahan

Integrating AI into banking services will obviously revolutionize the user experience in financial services, offering real-time advice and 24/7 transaction monitoring. However, this shift not only enhances user experience but also addresses critical data privacy concerns. Unlike traditional cloud-based AI, on-device AI, as introduced by Apple, processes data locally, ensuring greater security and reducing latency.

Jun 20, 2024 | finextra.com | Shawn Conahan |Rob Straathof |Raktim Singh |Alex Kreger

News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The fintech industry has faced major hurdles due to economic ups and downs and changing regulations.

Jan 24, 2024 | finextra.com | Santosh Radhakrishnan |Maria Schuld |Raktim Singh |Shawn Conahan

News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. "Programmable Money" is founded on the principle that its issuer can prescribe its usage, transferees, daily spending limits, and even a termination date.

Jan 23, 2024 | finextra.com | Hani Hagras |Bo Harald |Shawn Conahan |Brad Strock

The financial services industry is undergoing a significant transformation with the adoption of AI technologies. NVIDIA’s fourth annual State of AI in Financial Services Report provides insights into the current landscape and emerging trends for 2024. The report reveals that an overwhelming 91% of financial services companies are either assessing AI or already using it in production. These firms are using AI to drive innovation, improve operational efficiency and enhance customer experiences.