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Reimagining The Bank As A Technology Company

PYMNTS

Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one. “Banks are technology companies,” Rio Tinto recently told PYMNTS.

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Some banks are technology companies

Chris Skinner

I know that systems like Erica, short for Bank of AmErica, are up and running … The post Some banks are technology companies appeared first on Chris Skinner's blog. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much.

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We’re just a technology company that happens to have a banking licence

Chris Skinner

However, there is a massive difference between … The post We’re just a technology company that happens to have a banking licence appeared first on Chris Skinner's blog. To be like a start-up. To be like a Silicon Valley angel investment firm. To be like a young, FinTech unicorn.

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Digital Banking Metrics: Adoption, Usage, and Impact of Digital on Banks and Credit Unions

Gonzobanker

Digital metrics at banks and credit unions are not all trending up and to the right. A new report on digital banking metrics and the impact that digital banking is having on banks reveals some positive developments, but also a host of troubling trends that should give bank executives cause for concern.

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The Race To The Cloud: Will Digital Banks Win?

PYMNTS

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. Developments Around The Cloud Banking World. British FI Lloyds Bank is moving forward on its digital journey with the help of a few partners.

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Grab, Sea And Ant Chosen To Receive Digital Banking Licenses In Singapore 

PYMNTS

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. and a consortium of Southeast Asia’s Grab Holdings and technology group Singtel. to receive “digital wholesale bank” licenses. to receive “digital wholesale bank” licenses.

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Digital bank Zopa raises $95M

BankInovation

London-based Zopa Bank has $95 million in Tier 2 capital to fund its growth, according to the company. The digital bank provides technology for its customers to gain access to better credit products, to transfer card balances in a way that helps pay down credit and improve their financial well-being.