In what ways does the speaker suggest that banking processes need to change?
Bostic Says Fed Liquidity May Need to Be More Nimble
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The video discusses the evolution of transactions, highlighting the impact of the Silicon Valley Bank collapse. It emphasizes the need for real-time tools due to technological advancements like apps and social media. The shift towards instant payments and developments like Fed Now are explored, along with the operational challenges of transitioning to 24/7 systems.
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What role does technology play in the future of banking transactions as discussed in the text?
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