Tag Archives: bank

26Jan/22

Digital and Value Creation: Where Do European Banks Stand?

As traditional banks have been increasingly focusing on digital to help curb customer drain to neobanks, digital performance must also be assessed in terms of value creation. This includes better retention by improving the experience through on digital channels, as well as expanding banking and insurance products available through said channels to help grow NBI. Digital performance rating agency D-Rating’s 2022 “Digital Proposition” stream shows that this issue is already driving stakeholders. Continue reading

29Nov/21

Digital Banking Start-up DNBC Weighs on Safety of Every Transaction

Innovations have created more competitions, and increased practice of providing better access to opportunities as well as resources. Typically, digital banking start-ups are breaking the financial market with their unique and innovative developments. Going through many stages of digital innovations, DNBC Financial Group is also undergoing a profound transformation and adopting new technologies to ensure the safety of every transaction. Continue reading

07Sep/21

FICO Survey: UK Borrowers 31 Percent More Likely to Open Account Digitally Than in 2020

A new study in the UK by analytics software firm FICO shows that UK consumers today are 31 percent more likely to open an account digitally than a year ago. However, the surprising outliers in the rush to digital-first account opening are Generation Z (Gen Z). Financial education is key as it appears that digital savviness is not enough to counter the need for in-person help and advice when selecting banking providers. Continue reading

15Jul/21

Boubyan Bank proudly launches the world’s first Islamic international digital bank

Boubyan Bank Group today announces the launch of Nomo, a fully licensed and regulated UK Islamic digital bank catering for customers with a global financial outlook. Nomo has launched as a brand name of the UK-based Bank of London and The Middle East (BLME), in which Boubyan Bank is a majority shareholder. Continue reading

12Apr/21

FICO Survey: UK Banks Struggled with COVID-19 Fraud and Money Laundering Surge

As cases of fraud and money laundering rose during the pandemic last year, banks in the UK faced unforeseen challenges. In a new study by global analytics software provider FICO and independent research firm OMDIA, 79 percent of respondents from UK banks said that working from home had a high or major impact on the effectiveness of their financial crime prevention. Continue reading

25Aug/20

New smart money app sync. launches to compete with major challenger banks across Europe

sync. is aiming to become the first digital smart open banking app offering their easy-to-use financial services across Europe, promising to manage every aspect of a user’s financial life in one place.

sync. was created out of frustration with traditional banks and the niche offering of new challenger banks that are not responding to all the needs of the end customer. Read more

10Aug/20

CIH Bank automates corporate banking services with Finastra

Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. The solutions are automating the bank’s trade and supply chain finance services, providing its corporate customers with access to services online, rather than in-branch. The solutions reduce manual processes, helping the bank to become more efficient and agile, grow its customer base by providing a more seamless digital customer experience and ultimately, generate new revenue streams. Read more

26May/20

Finastra Global Survey Shows Appetite for Open Banking Picking up Pace Worldwide

Finastra research reveals that 86% of global banks are looking to use open APIs to enable Open Banking capabilities in the next 12 months. In addition, 30% of banks surveyed believe Open Banking is already making a tangible impact in delivering improved overall customer experience. This is against a backdrop where regulation is perceived to be tighter than a year ago and close to half (48%) of those audited believe that regulators are holding back innovation. Read more

29Jan/18

Secret Service issues ‘ATM jackpotting’ alert

The U.S. Secret Service this week issued an alert to banks warning banks about an ATM exploit known called “jackpotting.” Continue reading

29Nov/16
Punjab taxi driver Balwinder Singh

Indian driver turns billionaire for a day, gets $1.43 Billion in account

A taxi driver in Barnala city of India’s northern Punjab state was taken aback when cash to the tune of INR 98 billion (approximately USD 1.43 billion) was transferred into his account.

Continue reading