Tagged: digital banking

November 12, 2020 @ 9:36 am By Samantha Hurst  |  

Yapily, a UK-based open banking infrastructure provider, announced earlier this week it has expanded and launched in Germany as it turns its attention to drive open banking adoption for organizations throughout Europe. As previously reported, Yapily is an enterprise connectivity platform that enables companies to… Read More

November 10, 2020 @ 7:17 pm By Omar Faridi  |  

The Bank of India (BoI), a major commercial bank with headquarters in Bandra Kurla Complex, Mumbai, has decided to postpone its plans to launch additional physical branches because the institution’s customers now prefer to use its digital banking platform. The BoI is also looking into… Read More

November 10, 2020 @ 11:52 am By JD Alois  |  

Current, a US neobank, says it now has over 1.75 million users. In a blog post, Current displays its competitive position in comparison to other aspiring digital banks and Current fares pretty well. Using Apptopia information, Current shows its platform in second place in contrast… Read More

November 9, 2020 @ 7:45 am By Omar Faridi  |  

The transactional value of the US Fintech market is expected to increase at a compounded annual growth rate (CAGR) of 8.6% over the forecast period of 2019-2024, according to a new report. The report from Industry Research states that Fintech is beginning to transform the… Read More

November 8, 2020 @ 11:02 am By Omar Faridi  |  

Ant Group, which was previously known as Ant Financial, the world’s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), will be moving forward with its application for a digital banking license in Singapore. This, despite the Fintech giant’s (potential) record… Read More

November 5, 2020 @ 11:05 pm By Omar Faridi  |  

  Digital challenger banks have adopted several different business models in order to establish operations in the Fintech and banking sector. They’ve experienced a threefold growth (over 300% growth) during the past five years, according to a new report from the Singapore Fintech Association (SFA)…. Read More

November 5, 2020 @ 10:00 am By Lauren Descout  |  

The events of 2020 have caused many people to reassess how they manage their businesses. Treasurers were forced into an unprecedented situation where they had to manage cash and international payments from suppliers and customers at a time of significant uncertainty and instability – all… Read More

November 4, 2020 @ 11:59 pm By Omar Faridi  |  

There are many new opportunities for the Fintech sector in a post COVID world, according to Singapore’s labor chief Ng Chee Meng. He noted that the Coronavirus crisis may lead to new requirements and could also create new jobs. Meng, who’s currently the Secretary-General at… Read More

November 4, 2020 @ 3:48 pm By Samantha Hurst  |  

  NOW Money, a UAE-based digital account service, announced on Wednesday it has joined forces with Visa to provide low-income customers in the Gulf region access to its full-service digital banking solution. Founded in 2015, NOW Money claims it uses “cutting-edge” mobile technology to improve… Read More

November 4, 2020 @ 8:27 am By Samantha Hurst  |  

Bank of Ireland announced on Tuesday it is now offering Apple Pay to its customers.  The banking group claims that Apple Pay is a safer, more secure and private way to pay that helps customers avoid handing their payment cards to someone else, touching physical… Read More

November 3, 2020 @ 8:28 pm By Omar Faridi  |  

Australian neo-bank Xinja recently noted that it’s working cooperatively with Dubai’s World Investment Group (WIG) in order to close the $433 million investment deal that was announced in March 2020. At present, the bank is working with auditors so that they can address concerns regarding… Read More

November 3, 2020 @ 7:40 am By Samantha Hurst  |  

Discover Financial Services (NYSE: DFS) announced on Tuesday the launch of its new Data and Analytics (DNA) organization. Discover revealed that the new organization represents its commitment to technological advancement in financial services with a focus on customer engagement and marketing technologies. The organization combines… Read More

November 2, 2020 @ 11:16 pm By Omar Faridi  |  

Mortgage Choice, an established brokerage firm, will be offering its brokers access to Australian digital bank 86 400. The broker has reportedly added the challenger bank to its residential lending panel. Emma Dupont-Brown, GM at Mortgage Choice, stated that adding the digital bank would mean… Read More

November 1, 2020 @ 8:39 pm By Omar Faridi  |  

Digital Banking Maturity (DBM) is a global accelerator that assists banking institutions with responding to change. Digital Banking Maturity is the largest global digital banking study, offering an extensive “outside-in ’mystery shopper’ assessment of retail banks’ digital channels and furthering discussion about future developments,” according… Read More

November 1, 2020 @ 5:35 pm By Omar Faridi  |  

Naim Alame, the MENA Payments Lead at Accenture, and Elie El Khoury, Financial Services Lead for MENA Region at Accenture Interactive, have noted in a thought leadership piece (posted by Accenture) that the Fourth Industrial Revolution, which is “defined by the platform economy,” is now… Read More

October 30, 2020 @ 3:35 pm By Omar Faridi  |  

  Payments giant Visa recently published a study on Digital Banking and SMEs in Singapore. According to the report, 88% of Singapore’s SMEs are now considering switching over to an all-digital banking platform. These findings of the study have been released at a time when the… Read More

October 30, 2020 @ 8:31 am By Samantha Hurst  |  

  Afterpay, a digital platform that offers interest-free installment plans for online purchases, is continuing its expansion efforts by launching a savings account and cash flow tools in Australia. The latest expansion comes just a couple of months after Afterpay announced its expansion into Canada…. Read More

October 29, 2020 @ 3:43 pm By Omar Faridi  |  

NorthOne, an established digital bank for US-based small businesses, notes that they’ve launched a new desktop mobile banking feature that allows customers to manage their finances on a computer as well as from their mobile devices. NorthOne has partnered with Radius Bank to offer banking… Read More

October 28, 2020 @ 5:53 pm By Omar Faridi  |  

ClickSwitch, a U.S. fintech that claims it simplifies and automates the switch of direct deposits and recurring payments for financial institutions’ new and existing account holders, recently acquired $2 million through its Series B investment round led by USAA subsidiary. The investment round brings ClickSwitch’s… Read More

October 28, 2020 @ 5:46 pm By Omar Faridi  |  

Singtel, one of Singapore’s largest telecommunications companies, is now progressing with its initiative to launch a digital bank with the help of the Grab, a multinational ride-hailing service provider. Sachin Mittal, analyst at Singapore’s DBS Bank, said that the joint initiative seems like “a strong… Read More