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.
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How Generation Z Will Reshape Digital Banking
Tuesday, December 3, 2019 - 05:20
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Financial IT
Goldman Sachs to Put the Brakes on Marcus Expansion in UK
Goldman Sachs is planning to slow down the growth of its online retail banking brand Marcus in the UK.
This is to avoid surpassing $25 billion in deposits which would require the US bank to ring-fence its retail banking intake from riskier investment activity, the Sunday Telegraph has reported.
Goldman Sachs is understood be around halfway to this figure at present.
Tuesday, December 3, 2019 - 05:06
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Financial IT
Zopa Closes in on £130m Capital Injection for Bank Push
UK peer-to-peer lending outfit Zopa is set to secure £130 million in funding, enabling it to meet regulatory capital requirements for its foray into banking.
As first reported by Sky News, an entity linked to IAG Capital Partners, a US-based fund, and its UK investment vehicle Silverstripe is on the verge of taking a majority stake in Zopa.
The expected funding comes just days before Zopa's banking license-with-restrictions expires a year after being granted, helping it meet capital requirements.
Tuesday, December 3, 2019 - 05:03
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/news/retail-banking/zopa-closes-ps130m-capital-injection-bank-push
Financial IT
Colu and Tel Aviv Municipality Create a Winning Program
Colu, a city app and digital wallet solution for smart cities, partnered with Tel Aviv Municipality and the Tel Aviv Foundation, aiming to develop financial tools to strengthen urban resilience, drive consumers to shop at stores cut off from traffic by the city’s train construction.
Tuesday, December 3, 2019 - 04:58
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Financial IT
Scality RING Again Receives Highest Score for Hybrid Cloud Storage Use Case in Gartner Critical Capabilities for Object Storage
Scality, leader in software solutions for global data orchestration and distributed file and object storage, today announced that the company’s acclaimed RING™ software-defined storage solution was ranked with the highest score in the “Hybrid Cloud Storage” use case, and scored second highest in all other use cases in the Gartner Critical Capabilities for Object Storage report published on 25th November 2019.
Tuesday, December 3, 2019 - 04:54
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/news/cloud/scality-ring-again-receives-highest-score-hybrid-cloud-storage-use-case-gartner-critical
Financial IT
Norway’s Bank Branches Equipped with Keesing Solution to Streamline Onboarding of Customers.
Keesing Technologies is happy to report that, together with trusted partner Risk Information Group (RIG), it has been able to implement AuthentiScan, its customer onboarding and identity proofing solution in over 96% of all physical bank branches in Norway. Furthermore, the solution is rapidly gaining ground in Sweden, Denmark and Finland.
Tuesday, December 3, 2019 - 04:51
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/news/banking/norways-bank-branches-equipped-keesing-solution-streamline-onboarding-customers
Financial IT
David Goodwin, Head of Product and Marketing, Neonomics at MoneyLIVE Summit 2019, UK
David Goodwin, Head of Product and Marketing, Neonomics at MoneyLIVE Summit 2019, UK speaks about open banking concept and what role Neonomics plays in that equation.
Monday, December 2, 2019 - 21:11
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Financial IT
Klarna Selects AWS as Its Preferred Cloud Provider
Today, Amazon Web Services, Inc.
Monday, December 2, 2019 - 15:40
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Managing the risk of ‘visual hacking’ in the financial sector
The financial sector is one that is particularly aware of the need to protect sensitive information and increasingly, this also includes reducing the risk of what has become known as ‘visual hacking’, also sometimes referred to as ‘shoulder-surfing’. Put simply, this is the ability to view, even photograph, information that is on a person’s screen.
Monday, December 2, 2019 - 13:02
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ONPEX and Financial House partner for transparent cross-border financial services
FCA-regulated e-money institution (EMI), Financial House, has partnered with ONPEX, a leading provider of multi-currency IBAN accounts.
Monday, December 2, 2019 - 12:38
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