Lockdown Sees Fintechs Take Significant Market Share From Banks in Lending, With Open Finance Set to Level the Playing Field Further.
- 3 years 3 months ago
- Lending, Credit Cards, Banking
Data from ClearScore shows challengers and fintechs stealing share of lending market during Covid-19 pandemic ClearScore data suggests there are 9.3m credit customers ready to use open finance for their lending needs, 3.2m of whom are currently poorly served by the market Early adopters of open finance data-sharing are lower risk says ClearScore
NCR Predicts Banking Trends for 2022
- 3 years 3 months ago
- Banking
A combination of quickly shifting consumer preferences, the disruptive impact of technology and relentless pressures facing financial institutions have made the strategic use of automation and digitization more critical than ever before. From regulatory demands and disaster planning to widespread staffing shortages, banks and credit unions are being challenged to accomplish more with less resources while still delivering excellent customer... more
OTP Bank Selects Sambanova Systems to Build Europe’s Fastest Ai Supercomputer
- 3 years 3 months ago
- Artificial Intelligence, Banking
Strategic partnership positions OTP Group and the Ministry for Innovation and Technology (ITM) of Hungary as the European AI leader, enabling rapid transformation across the bank and the region for the next decade
Sber Presents Its New Supercomputer, Christofari Neo
- 3 years 3 months ago
- Banking, People Moves
Sber and its subsidiary SberCloud, a cloud service provider, have presented Russia’s all-new high-performance supercomputer Christofari Neo. Executive Vice President of Sberbank, CTO of Sber, and Head of Technology David Rafalovsky presented the supercomputer at the international conference AI Journey 2021.
Klarna Launches the Money Talks Card Game to Encourage Open Conversations Around Money
The Money Talks card game will combine questions around money habits with a fun twist to help break the stigma around money
SberCloud Presents ML Space Private Platform
SberCloud, a supplier of cloud services which forms part of the Sber ecosystem, has created a special hybrid version of its ML Space platform - ML Space Private. This was announced by David Rafalovsky, Sberbank Group CTO and Executive Vice President, at the international conference AI Journey 2021.
2nd International Conference on Ijarah (Islamic Leasing) and Takaful Successfully Held in Istanbul, Turkey
- 3 years 3 months ago
- Islamic Finance
Islamic Finance Heading Towards New Destination
Bank of England Loses 161 Electronic Devices
- 3 years 3 months ago
- Banking
The Bank of England lost 161 electronic devices between September 2018 and August 2021. The data has been obtained by Parliament Street Think Tank through a Freedom of Information (FOI) request. A total of 25 devices were lost or stolen just in 2021 alone. In 2018 a total of 70 devices were reported missing or lost and 12 were reported stolen. In 2019, the number decreased, with 46 missing and 8 stolen. In 2021, a total of 16 devices were... more
Recognise Bank Selects ClearBank to Enhance the SME and Retail Banking Experience
- 3 years 3 months ago
- Banking
ClearBank, the cloud-based clearing bank, has announced its partnership with Recognise Bank, a subsidiary of City of London Group plc (AIM: CIN) and the UK’s newest SME bank with retail deposit taking capability.
Cloud Adoption in Banking Accelerates as Banks Ramp Up Digital Services, Reports Economist Intelligence Unit
- 3 years 3 months ago
- Banking, Core Banking, Cloud
72% say moving to the cloud will help their organization achieve its business priorities In a new survey of IT executives in the banking sector, conducted by The Economist Intelligence Unit and supported by Temenos (SIX: TEMN), more than seven in ten (72%) report that incorporating the cloud into their organization’s products and services will help them to achieve their business priorities. Just under half (47%) say that it will do so “to a... more
Finecobank Continues Rapid UK Growth Q3 Results Show Accelerated Momentum
- 3 years 3 months ago
- Banking
Leading fintech bank breaking both traditional model and challenger approaches to drive next wave of integrated UK banking FinecoBank, one of Europe’s leading fintech banks has continued to set the pace of revenue growth in Q3 2021 – following strong results reported in H1, exceeding last year’s record-breaking growth.
Wolters Kluwer GRC Hires Frank Ready for Legal Services Communications Role
- 3 years 3 months ago
- Banking
Frank Ready has joined
Banks Must ask These 5 Simple Questions as they Budget for 2022 and Beyond
- 3 years 3 months ago
- Banking
With the financial services sector in the middle of budgeting season, retail banks and building societies need to take a fresh look at all of their vendor costs – especially those they input without a second thought. With a possible £6bn in savings up for grabs, time is of the essence to secure budgetary success not only for the year ahead, but beyond.
Artificial Intelligence Journey, Sber’s International AI/DS Conference, Opens
- 3 years 3 months ago
- Banking
Artificial Intelligence Journey, Sber’s international three-day online conference on artificial intelligence (AI), opens today, November 10. Held by Sber in collaboration with top Russian and foreign technology companies over three days, the conference is one of the key events of the Year of Science and Technology in Russia.
Nucleus Commercial Finance Celebrates 10 Years of Supporting British Smes
- 3 years 3 months ago
- Banking
Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, celebrates its 10 year anniversary, following a year in which the lender paid out over £450 million to businesses*. Over the last decade, Nucleus Commercial Finance has supported 8,000 businesses across the UK and lent more than £2bn to support SMEs in achieving their ambitions. Highlights from the last 10 years include:
