Mphasis , an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with Quantel AI,
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Citibank is launching its one-stop Mobile Account Opening Service, which allows new clients to open bank account1 (Citibanking, Citi Priority or Citigold Account) and investment accounts in one go through Citi Mobile® App at anytime and anywhere. The account application can be completed in a minimum of 10 minutes2. Once the application is completed and approved, the new bank account can be used immediately on the same day. Clients no longer have to visit any branch throughout the entire account opening process.
Appian (NASDAQ: APPN) today announced the latest version of the Appian Platform. The new release of the low-code application development platform increases the speed and business impact of low-code automation for developers, administrators, and end-users.
The Avaloq Banking Suite has been adopted by Maybank Group, South East Asia’s fourth largest bank by assets, to serve Maybank Premier clients in Singapore. The implementation, which went live successfully within the bank’s timeline on 25 November 2019, will provide the Maybank Premier segment with significantly enhanced system capabilities, delivering investment product features for affluent clients while upgrading the risk management and oversight of client portfolios.
The pace of change in the financial services sector is such that traditional business models are no longer viable, and firms that have stood the test of time must adapt in order to survive. A recent Gartner report found that by 2030, 80% of heritage financial firms will cease to exist, become commoditised or achieve “zombie” status (i.e. those that are unable to cover debt servicing costs).
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index,today announced the launch of Broadridge Data Control Intelligent Automation, a new artificial intelligence (AI) and machine learning (ML) platform built to be deployed across industry-wide reconciliation, matching and exception management applications.
Luxembourg-based VNX Exchange is joining forces with Sumsub, a scalable solution for KYC/AML regulatory compliance, to stay in line with growing jurisdictional demands and ensure compliance of its platform.
Global trade is an ever-shifting sea. The waves of growth go up and down, but one thing remains certain: both barriers and opportunities are always present.
Global trade tensions have been rising since 2018, and with tariffs on some widespread goods having a comeback in the last couple of years, international export/import activities face some challenges up ahead. According to projections of WTO’s experts in 2019, global trade growth is slowing down and whether it will rebound is a question of easing international trade tensions.
Generation Z (or Gen Z), the demographic cohort following the Millennials, presents a new breed of customers for financial institutions. Born after 1995, Gen Z is the first generation to be born and raised with YouTube, Instagram and Netflix. Unlike Millennials who witnessed the rise of the digital age, Gen Z has never known a world without smartphones, social media and instant access to information. Technologically savvy and highly educated, they bring a new mindset and customer behavior for banks to grapple with.