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New federal regulations mandate $1 billion in customer refunds from Missouri’s largest health insurance provider

New federal regulations mandate $1 billion in customer refunds from Missouri's largest health insurance provider

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Plaid and JPMorgan Establish Agreement for Customer Data Sharing

Plaid and JPMorgan Establish Agreement for Customer Data Sharing

JPMorgan Chase and Plaid have come to an agreement following discussions about FinTech’s access to customer information. On September 15th, both companies announced a renewal of their data access agreement. This new arrangement includes a pricing structure aimed at providing consumers with “safe, secure, quick, and consistent” access to their data in the future. “We […]

The decrease in customer service and its significance

The decrease in customer service and its significance

The Crisis in American Etiquette The US has been facing a civil crisis for quite some time now. It’s more than just a matter of “manners”—the decline in polite behavior serves as a significant indicator of broader societal issues. Just like many cultures, the US has its own unwritten rules on how to interact in […]

Salesforce cuts customer support staff from 9,000 to 5,000 with AI assistance.

Salesforce cuts customer support staff from 9,000 to 5,000 with AI assistance.

Salesforce recently announced a reduction of 4,000 customer support positions, replacing them with artificial intelligence (AI) agents, as stated by CEO Marc Benioff. He discussed this change while addressing the impact of new technology on the workforce at his $248 billion software company during an episode of the “Logan Bartlett Show” podcast released on Friday. […]

Visa Connects Strong Compliance to Increased Customer Lifetime Value for Issuers

Visa Connects Strong Compliance to Increased Customer Lifetime Value for Issuers

Compliance used to be something thrown into the background, often confined to legal departments. However, it’s now stepping into the spotlight and becoming a crucial factor for growth in both traditional financial institutions and fintech companies. This shift means compliance isn’t just something to think about after launching a product. No, it needs to be […]