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France’s Societe Generale, Credit du Nord To Merge, Ramp Up Digital Banking

PYMNTS

Societe Generale (SocGen) and Credit du Nord , both based in Paris, have approved a plan to merge their retail banking operations, the banks said in a Monday (Dec. In addition, SocGen said, the plan is to beef up Boursorama, a retail digital banking operation catering to individuals. million in 2025.”.

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Citizens Bank to go all in on cloud by 2025

BankInovation

Citizens Bank plans to take its banking operations to the cloud by 2025. “We are going to exit all of our data centers that we own today,” Chief Information Officer Michael Ruttledge said Tuesday at Fintech Connect North America in New York. “We

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HSBC tech spend climbs to $6B in 2021

BankInovation

HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased digital usage across its banking channels.

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Ant, Razer Join Rally For Singapore eBank Licenses

PYMNTS

Gaming company Razer is going after a Singapore digital banking license, along with China’s largest online monetary platform Ant Financial , according to reports on Wednesday (Jan. Razer FinTech will own a 60 percent majority stake Razer Youth Bank, which will be headquartered in Singapore. . Google and Temasek Holdings. .

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Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion

PYMNTS

In its Series A funding announcement , Grab said it expects the group to reach its revenue potential of $60 billion by 2025. The business operates in several Asian countries, including Singapore, the Philippines, Cambodia, Thailand, Vietnam, Myanmar, Malaysia and Indonesia, according to its website.

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Video-Based KYC Fixes Its Gaze On Fraudsters

PYMNTS

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. That’s expected to cost banks an $168.9 Speedy, secure onboarding is vital at a time when consumers have to use digital banking to prevent health risks,” per the Tracker.

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ISO 20022 For Banks – What You Need To Know

South State Correspondent

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. This article explains what ISO 20022 for banks is, how it is different, and what it can do for your bank. Bank data is much the same.

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