Tagged: digital transformation

April 4, 2020 @ 1:52 pm By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has had a significant impact on our lives and is changing the way we work, interact, and consume products and services. Finch Capital, an early-stage venture capital firm focusing on Europe and the Southeast Asia region, has published a report, titled… Read More

March 31, 2020 @ 8:08 am By Omar Faridi  |  

KIR, the national payments processor in Poland, has partnered with Cryptomathic in order to allow the country’s residents to sign documents electronically (and remotely), following the deadly Coronavirus (COVID-19) outbreak. The eIDAS-certified remote qualified e-signature service (QES) allows Poland’s citizens and firms based in the… Read More

March 27, 2020 @ 7:00 pm By Max Lyadvinsky  |  

Do you ever step back and consider how quickly tech has changed, well, everything? Better devices spurred better internet connection and new cultural contexts. It is almost hard to remember a time when people did not always have connected computers in their back pockets. The… Read More

March 25, 2020 @ 11:54 pm By Omar Faridi  |  

Xalles, a Fintech holding firm that uses blockchain technology for payment auditing and financial reconciliation, has revealed that it has entered a share purchase agreement to acquire 100% of MinervaWorks, an Atlanta-based tech company. The transaction will be finalized on March 31, 2020. Following the… Read More

March 13, 2020 @ 7:50 pm By Omar Faridi  |  

The United Arab Emirates’ (UAE) banking sector has become increasingly competitive due to the significant increase in the number of Fintech firms in the Middle Eastern country. The UAE has also established (for the most part) progressive regulatory guidelines and is in the process of… Read More

March 13, 2020 @ 2:16 pm By Omar Faridi  |  

The ongoing competition between traditional banks and innovative Fintech firms might be coming to an end or is already over, according to Barclays, a British multinational investment bank and financial services company with over $1.2 trillion in assets. A recent report from the London-headquartered investment… Read More

March 13, 2020 @ 7:57 am By Omar Faridi  |  

Backbase, an omnichannel digital banking solution provider, has teamed up with Finxact, in order to assist banks and credit unions with their digital transformation efforts. The partnership between Backbase, a Netherlands-based digital banking software developer, and Finaxct, aims to combine the best of online and… Read More

March 10, 2020 @ 9:59 pm By Omar Faridi  |  

Easypaisa, a widely-used digital payments app, is partnering with Seed Out, a Pakistani crowdfunding platform, in order to digitize the payments collection process. Seed Out aims to assist the underprivileged in Pakistan learn the entrepreneurial or business skills required to successfully launch their own company… Read More

March 9, 2020 @ 10:28 pm By Omar Faridi  |  

Krungsri Finnovate, a corporate venture capital company operating under Bank of Ayudhya (BAY), the third-largest bank in Thailand in terms of assets, loans, and deposits, is planning to invest $10 million into the operations of three promising startups during the first half of this year…. Read More

March 9, 2020 @ 2:36 pm By Omar Faridi  |  

Standard Bank South Africa recently revealed that its migrating its core SAP cloud-powered platform to Microsoft Azure, in order to enhance customer experience and to be able to more effectively deploy new solutions. By teaming up with tech giant Microsoft, the financial institution hopes to… Read More

March 6, 2020 @ 10:07 pm By Omar Faridi  |  

Kuwait-based company Path Solutions has introduced the Path Digital and Path Intelligence platforms to allow local banks to offer clients a seamless and intelligent digital banking experience.  The Fintech solution provider noted that the launch of the new platform will complement its new Intelligent Digital… Read More

March 5, 2020 @ 10:17 am By Omar Faridi  |  

A recent study published by Juniper Research claims that by 2024, the number of digital banking customers will surpass 3.6 billion, which would be a significant 54% increase from the current 2.4 billion users in 2020. This considerable growth has been attributed to the steady… Read More

March 4, 2020 @ 11:13 am By Omar Faridi  |  

Sopra Steria has finalized its acquisition of cxpartners, a customer experience design consultancy firm, in order to expand its lines of products and services in the United Kingdom while placing a high priority on providing the best digital solutions to its customers. The digital transformation-focused… Read More

March 1, 2020 @ 10:34 pm By Omar Faridi  |  

Capital One Financial Corporation (COF), a major US-based bank holding company focused on offering credit cards, auto loans, banking, and savings accounts, is preparing to close down 37 of its physical branch locations across the country.  The company notes in a press release that the… Read More

February 24, 2020 @ 10:12 am By Omar Faridi  |  

Large banks based in the United Arab Emirates (UAE), one of the Middle East’s leading financial hubs, have been investing in digital transformation projects to compete in an industry with rapidly changing consumer requirements – according to analysis performed by Bloomberg Intelligence. The analysis revealed… Read More

February 19, 2020 @ 9:57 pm By Omar Faridi  |  

Bank of Singapore, the private banking arm of OCBC Bank (Oversea-Chinese Banking Corporation, Limited) (SGX: O39), has appointed Celine Le Cotonnec to the institution’s newly created role of chief data and innovation officer. Le Cotonnec will be reporting directly to Bahren Shaari, the CEO at… Read More

February 11, 2020 @ 11:44 pm By Omar Faridi  |  

Deutsche Bank (NYSE:DB), a global investment bank and financial services company based in Frankfurt, Germany and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange (with  €1.34 trillion assets), is reportedly inviting project bids from Amazon, Google and Microsoft in order to upgrade its… Read More

February 10, 2020 @ 4:15 am By Omar Faridi  |  

HDFC Bank, the largest private sector lender in India, recently appointed Anjani Rathor as the institution’s new group head of digital banking. Rathor’s official designation is chief digital officer at HDFC. He will be tasked with taking the institution’s digital transformation strategy forward, the bank… Read More

February 8, 2020 @ 8:50 am By Omar Faridi  |  

Singapore banking group DBS has reportedly completed the first all-digital trade financing settlement, which was conducted on the country’s newly developed Network Trade Platform (NTP). The platform is blockchain-based but NTP appears to go out of its way not to focus on the technology and… Read More

February 7, 2020 @ 6:51 pm By Omar Faridi  |  

Traditional banks and other financial institutions need to go through a cultural transformation before they can successfully undergo a digital transformation, according to the chief technology advocate at Starling Bank, whose statements came during a recent panel discussion. The recent debate, which was an initiative… Read More