PYMNTS

OCTOBER 8, 2020

The government of the Philippines is considering limiting the number of digital banks that operate in the country, Bloomberg News reported on Thursday (Oct. Banks around the world have been accelerating the adoption and promotion of digital banking as a result of the COVID-19 pandemic.

Digital Banking 131

Digital Banking cryptocurrency Regulation Policies 131

The Paypers

NOVEMBER 29, 2021

Saudi Central Bank ( SAMA ) Governor Fahd Al-Mubarak has announced that the Kingdom will grant operating license to more digital banks.

Operations 62

Operations Digital Banking 62

PYMNTS

OCTOBER 6, 2020

Of course, the pandemic has forced banks – like all businesses – to rethink their priorities and make adjustments to how they interface with customers. unveiled its next generation of operating software for ATMs, designed to integrate the now decades-old cash-dispensing machines into the digital age. On Monday (Oct. 5) NCR Corp.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

The Paypers

FEBRUARY 13, 2023

Nigeria-based digital bank Umba has announced it now operates in Kenya as it begins to expand across the continent.

Operations 36

Operations Digital Banking 36

PYMNTS

DECEMBER 4, 2020

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. and Beijing Co-operative Equity Investment Fund Management Co. to receive “digital wholesale bank” licenses. and Beijing Co-operative Equity Investment Fund Management Co.

Digital Banking 164

Digital Banking Groups Meeting Fintech 164

PYMNTS

APRIL 27, 2020

The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result. One study recently determined that the number of digital banking users is expected to exceed 3.6

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

NOVEMBER 24, 2020

Singapore's financial regulator is sticking to the original plan to award digital banking licenses by the end of the year, according to a Bloomberg report, no matter how tight the scrutiny is in China and the U.S. The digital banking licenses are highly coveted due to Singapore's status as a financial regulatory hub.

Digital Banking 157

Digital Banking Groups Regulation Policies 157

PYMNTS

JANUARY 6, 2020

Another group of Singaporean businesses, Beyond Consortium, has thrown its hat in the ring to apply for the country’s digital bank licenses. The Monetary Authority of Singapore will award five licenses for digital banking, which it plans to announce its decisions on in mid-2020.

Digital Banking 130

Digital Banking Groups Capital Industry 130

PYMNTS

APRIL 28, 2020

Brattleboro Savings & Loan (BS&L) has chosen NCR Corporation , a global enterprise technology provider for the financial industry, to provide customers with an improved digital banking experience, the companies announced Tuesday (April 28) in a press release.

Digital Banking 142

Digital Banking Vermont Atlanta US 142

PYMNTS

FEBRUARY 21, 2020

Axiata Group, a Malaysian telecom firm, has been in talks with as many as 11 different partners to bid for a digital banking license in the country, according to a report by Reuters. Mohd Izzaddin Idris, the company’s deputy chief executive, said Axiata was in talks with banks as well. million).

Digital Banking 141

Digital Banking Groups Report Operations 141

The Financial Brand

SEPTEMBER 26, 2021

Operational improvement in banking provides the foundation for increased efficiencies, improved customer experiences and new business models. The post Improved Digital Banking Customer Experiences Requires Operational Excellence appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Customer Experience 42

Customer Experience Operations Digital Banking Banking Trends 42

PYMNTS

SEPTEMBER 11, 2019

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

The Paypers

NOVEMBER 15, 2021

Delivery mobile application Rappi has planned to get regulatory approval to operate as a digital bank in Colombia in the first quarter of 2022, according to texasnewstoday.com.

Digital Banking 45

Digital Banking Operations Mobile 45

Bank Innovation

FEBRUARY 11, 2020

N26, the Berlin-based digital-only bank that has raised more than $670 million and gained 5 million users globally, announced Tuesday that it will leave the U.K. The company cited Brexit as the primary reason for the decision, saying it could no longer operate in the U.K. with its European banking license.

Digital Banking 273

Digital Banking Operations Company Customer Experience 273

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

The Paypers

NOVEMBER 8, 2023

Germany-based digital bank N26 has announced its decision to discontinue its test phase in Brazil, as well as closing its operations in the market.

Operations 41

Operations Digital Banking Marketing 41

PYMNTS

JUNE 19, 2019

The Financial Times said on Tuesday (June 18) that RBS picked Marieke Flament, Circle ‘s CMO and European managing director, to serve as CEO of the digital bank, Mettle. lender to launch a separate digital bank, reports noted, with plans to debut the Mettle app in August. RBS is the first top U.K. ”

Digital Banking 122

Digital Banking Operations Lending Capital 122

The Paypers

JANUARY 9, 2024

AEON Bank has obtained approval from the Bank Negara Malaysia and the Minister of Finance to launch its digital banking operations in the region of Malaysia.

Digital Banking 45

Digital Banking Regional Operations 45

PYMNTS

DECEMBER 30, 2019

Singtel and Grab are looking to consolidate their powers to create a new digital bank for the people of Singapore, they announced in a press release. Other companies considering doing so include Standard Chartered Bank, NTUC Enterprise, the V3 Group and Razer.

Digital Banking 134

Digital Banking Groups Online Regional 134

Bank Innovation

SEPTEMBER 19, 2018

It’s been quite a busy year for Germany’s first digital-only challenger bank Fidor. The bank launched two more digital banks this year, and Fidor Chief Commercial Officer Ge Drossaert told Bank Innovation there is yet another bank in the works. We […].

Digital Banking 210

Digital Banking Innovation Operations Online 210

TheGuardian

JANUARY 27, 2021

Wall Street bank hired 400 staff for Canary Wharf-headquartered digital bank The Wall Street company JP Morgan is to launch a new digital bank in the UK, in a move that threatens to shake up a banking sector still dominated by a handful of high street lenders.

Digital Banking 98

Digital Banking Branding Operations Company 98

The Paypers

AUGUST 21, 2023

Anglo-Turkish fintech Colendi has received approval from the Banking Regulation and Supervision Agency (BRSA) to launch Turkey's inaugural digital deposit bank.

Operations 36

Operations Digital Banking Regulation Fintech 36

Bank Innovation

MARCH 28, 2019

United Arab Emirates-based digital bank Liv on Wednesday launched its virtual assistant Olivia, which was built by conversational AI company Kasisto. Olivia, a play on the bank’s name Liv, can check balances and give spending insights through text and the bank’s mobile app. has 210,000 […].

Digital Banking 170

Digital Banking Millennials Mobile Company 170

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. iFast taps “the strengths and experiences of each consortium member to more better address some of the inefficiencies, and assist the underserved market segments in Singapore’s banking industry,” said CEO Lim Chung Chun.

Digital Banking 131

Digital Banking Capital Leadership Fintech 131

PYMNTS

FEBRUARY 14, 2020

Drilling down into the particular verticals of the relatively young, tech-savvy firms that drew investor dollars, Software-as-a-Service (SaaS) and platform-focused companies announced investments, as well as intent to expand operations. digital bank Starling Bank said it raised £60 million (more than $ 78 million USD) in funding.

Digital Banking 131

Digital Banking Capital Risk Management Operations 131

PYMNTS

APRIL 23, 2020

One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets. We don’t think about digital just as a client-facing tablet,” Warder explained. “We’re

System 226

System Digital Banking Guidelines Online 226

PYMNTS

NOVEMBER 23, 2018

In banking and payments architecture, especially in the digital realm, a corollary might be “form and function co-exist, and should be flexible enough to change rather quickly.”. Kennedy stated that, in coming to market with a mobile-only model, “just changing the form factor is not enough.

Digital Banking 134

Digital Banking Mobile Data Marketing 134

PYMNTS

MARCH 27, 2019

Hong Kong has issued its first digital banking licenses, in a move toward strengthening the city’s financial sector, according to reports. The Hong Kong Monetary Authority (HKMA) gave the licenses to three outfits: the first went to Livi VB, a joint venture between the Bank of China (Hong Kong), JD Digits and Jardines.

Digital Banking 158

Digital Banking Fintech Customer Experience Branding 158

PYMNTS

JUNE 29, 2020

digital banking apps such as Anna, Curve, U Account and Pockit since they depend upon the technology of Wirecard to handle payment processing, per the CNBC report. Anna counts 20,000 business banking clients, while Curve has in excess of 1.3 After the U.K.’s haven’t been able to get ahold of their cash, CNBC reported.

Digital Banking 150

Digital Banking Cards Regulation Payments 150

Insights on Business

APRIL 28, 2017

As a result, many new, all-digital financial services firms, unencumbered by older, less flexible systems are aggressively pursuing customers by addressing their needs in new and distinct ways. There are interesting characteristics both in the new entrants and in the more established digital banks.

Digital Banking 171

Digital Banking User Experience Branding social media 171

PYMNTS

JANUARY 30, 2020

The banking industry is increasingly favoring self-service, as customers making transactions grow to prefer tellerless ATM and kiosk interactions. personal and business banking. These new functionalities have provided several benefits for BMO’s in-branch operations. How The Digital-First Initiative Helped BMO’s Staff.

Operations 152

Operations ATM Cards Case Study 152

PYMNTS

JULY 29, 2019

To accommodate this shift and the nation’s growing number of internet and smartphone users, tech giants like Amazon and Facebook are launching digital banking solutions focused on mobile devices. Other FIs are turning to chatbots as more consumers embrace digital banking, too.

Digital Banking 181

Digital Banking Fraud ATM Mobile 181

Bank Innovation

JULY 18, 2018

Digital banks may be sprouting up all over the banking world, but don’t look for one from U.S. On this morning’s earnings call, CEO Andy Cecere noted the bank was looking to expand beyond its current 25-state branch footprint, which covers the Midwest and the western U.S.

Digital Banking 186

Digital Banking National Operations US 186

Bank Innovation

MARCH 5, 2019

Growth is the name of the game for this month's notable hires in digital banking and fintech. On one hand, a major FI like Spanish bank Santander hired a former Google executive to create new products, while smaller fintechs are opening up shop in new markets to drive growth. Nordea Bank CEO Casper von Koskull […].

Digital Banking 186

Digital Banking Fintech Google Marketing 186

BankInovation

MARCH 17, 2021

That’s why digital banks, which are unencumbered by legacy applications, are often able to do what larger banks can’t — and at a faster pace. In this podcast, Charlie Newark French, chief operating officer for the automation fintech Hyperscience, discusses with Bank […].

Operations 93

Operations Fintech Digital Banking System 93

PYMNTS

JULY 11, 2018

Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank. Over the last several years, direct bank deposits have grown six times faster than deposits at traditional banks as consumers have sought innovative new ways to save money,” said John Rosenfeld, president of Citizens Access.

Digital Banking 103

Digital Banking United States FDIC ATM 103

Insights on Business

NOVEMBER 29, 2018

Now, more than ever, banks must be smarter and faster. Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. People are at the heart of any financial operation.

Operations 138

Operations Innovation Management Risk Management 138