The future of money is being rewritten in Asia
- 5 years 2 months ago
- Payments, Banking, FinTech StartUps, IT Innovations
Disruptions that began with technological and business model innovations in other places are expressed in new ways in Asia. In banking, payments and retail, Asia is leading the wave of disruption. In each case, these changing models, as well as unique situations, are enabling consumer choice, shifting profit margins and creating new opportunities. Technology
Traditional UK Banks are Failing to Engage with Users
- 5 years 2 months ago
- Banking
Boomi™, a Dell Technologies business, today announced the results of its research on banks’ engagement with their customers. The research finds almost one in three (30%) UK adults consider the search for a better customer experience in digital interactions the main driver for changing banks. The research quizzed 6,000 adults across the UK and Europe on the customer experience provided by their bank, and how the bank meets their needs.
FinecoBank Adds Support for Garmin Pay to Contactless Payment Devices
- 5 years 2 months ago
- Banking
FinecoBank ("Fineco"), one of the most important FinTech banks in Europe, announces today that it will add Garmin Pay to its growing list of contactless payment devices. Fineco customers can now link their Fineco card to Garmin Pay through the Garmin Connect app for iOS or Android. To unlock the cards on the watch, users will need to set a security passcode to confirm payments. Once linked, customers of the bank will be able to make payments... more
5 ways that digital technology can help small businesses
- 5 years 2 months ago
- Alternative Finance
5 ways that digital technology can help small businesses Technology is growing fast and ever-changing. Processes are becoming more efficient and many companies are reaping the rewards through increased efficiency and better system monitoring. It is not just large businesses that can benefit. Here are 5 ways in which digital technology can help small businesses. Time tracking
YES Bank Launches API Marketplace
- 5 years 2 months ago
- Banking, FinTech StartUps
India's YES Bank has launched an online marketplace where startups from a host of sectors can pitch tools integrated with the lender's APIs. The YES Scale Marketplace already hosts more than 100 offerings from startups working in areas such as logistics, healthcare, agritech and edtech. The platform is designed to make it simple for startups to jointly go to market with YES Bank, offering their services, complete with banking integrations, to... more
Tinkoff super-app boosts digital leadership in European fintech space
- 5 years 2 months ago
- Banking
Tinkoff announced today the launch of Russia’s first super-app – and the first by any European financial services company – a versatile application designed to meet almost any financial, leisure or lifestyle need its users may have. The Tinkoff super-app combines all the components of the Tinkoff ecosystem and adds more capacity for its 10 million customers, whose ranks are set to grow to over 20 million people by 2023. The super-app is the next... more
New NatWest app features gives customers more control over their money
- 5 years 2 months ago
- Open Banking, Banking
Customers using the NatWest app will now be able to easily see where their money is going with the new ‘spending’ tab which will show them how much they’re spending from their current account each month on bills, transport or entertainment, helping them stay in control of their money. If the app doesn’t get it right first time, they’ll be able to change categories easily.
Starling Adds Legal Services to Its Digital Offering
- 5 years 2 months ago
- Retail Banking
Starling Bank has announced a partnership with legal services provider Sparqa, the latest addition to their Marketplace. Providing Starling’s 88,000 small business customers with customisable and affordable legal services, the lawtech partnership will allow the Starling customer base to access a wealth of legal information tailored to their specific commercial needs.
NBK to integrate its money, FX and capital markets business with Murex’s MX.3 platform
- 5 years 2 months ago
- Banking
The National Bank of Kuwait’s (NBK) has signed a contract with Murex, an industry leader in trading, risk management and processing solutions for money, FX and capital markets, to implement a full replacement of its legacy IT systems at Group Treasury and Investments with the MX.3 platform.
UniCredit to Axe 8000 Jobs
- 5 years 2 months ago
- Retail Banking
Italy's UniCredit says it will cut 8000 jobs and close 500 branches over the next three years as part of a programme to boost shareholder value. The bank's 'Team 23' programme aims to increase net profit to EUR5 billion by 2023 and enable it to return EUR8 billion to shareholders through buybacks. To help achieve this, there will be major job cuts and branch closures in Italy, as well as some in Germany and Austria. Meanwhile UniCredit has set a... more
Yolt Chief Moves Back to ING
- 5 years 2 months ago
- Banking, People Moves
Frank Jan Risseeuw, CEO of account aggregation platform Yolt, is moving across to ING to take charge of the Dutch bank's 'Model Bank' strategy. One of the cornerstones of ING’s Think Forward Strategy projects, Risseeuw will lead the integration of four ING Retail countries to a new single banking platform.
Deloitte Predicts 'Japanification' of Banking in 2020s
- 5 years 2 months ago
- Retail Banking
Leaders of banks need to look beyond banking in anticipation of disruption to their industry in the next decade, according to Deloitte. In its '2020 banking and capital markets outlook' report, the Big Four firm highlights its forecasts for financial services in the next year and beyond. Deloitte's broad prediction for the next decade is that of a consolidated industry with fewer banks existing in ten years' time. Fintechs will become... more
CEO of Yolt moves across ING after four years of building award winning open banking scale-up
Today Yolt announces that its Chief Executive Officer, Frank Jan Risseeuw, will leave the company after building the brand from an innovation concept to the market leading, award-winning personal finance app, available in three markets in Europe. In his new role, Frank Jan will move to Madrid to lead another of ING’s ambitious change programmes, which will include integrating four of ING’s Retail countries into a new scalable banking platform.
Path Solutions tops the Islamic Finance category in bobsguide Software Rankings 2019
- 5 years 2 months ago
- Islamic Finance
Path Solutions, a worldwide provider of Islamic software solutions and services ranked first for the second year in a row in the annual bobsguide Software Rankings’ Islamic Finance category.
Integral FX ADV down 6.6% MoM in November
- 5 years 2 months ago
- Asset Management, Banking
Integral, the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $34 billion in November 2019. No other platform reaches as many, as varied, and as comprehensive a set of FX products and participants as Integral OCXTM. Banks, brokers, and asset managers now share direct... more
