The past 55 years have transformed banking through rapid technological innovation, from the magnetic strip credit card in 1969 to today’s open banking and AI-powered tools. The 1970s introduced ACH and SWIFT networks, while the 1980s brought personal computing and online banking experiments. The 1990s cemented the internet, e-commerce, and PayPal, while the 2000s saw mobile banking and remote check deposit revolutionize convenience. The 2010s added digital wallets, biometrics, real-time payments, and early consumer data rights. Today, consumers demand personalized, proactive insights and trust institutions to use open finance to strengthen their financial wellness.

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