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VTB’s digital strategy embraces co-operation

The Banker Technology

Olga Dergunova, VTB Bank’s deputy president, hails a new era of co-operation in Russia’s banking industry, not just bank-to-bank but bank-to-fintech and, importantly, bank-to-regulator. Joy Macknight reports.

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Helping FI’s Develop Their ‘FinTech Sense’

PYMNTS

Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. But that doesn’t mean all the players in payments and financial services have a solid or clear digital strategy. But that’s not the whole story, of course.

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Germany’s Central Bank Says Tech Presents Hurdles, Opportunities

PYMNTS

Bundesbank, Germany’s central bank, said increased use of financial technology in the country could present regulators with their biggest hurdle since the financial crisis, according to a report by Bloomberg. “We Supervisors don’t like moving targets.”.

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Today In Payments: DOJ Approves Mastercard's Finicity Acquisition; Airbnb Files For IPO

PYMNTS

Mastercard’s $825 million move to acquire Finicity, which provides access to financial data in real time, is inching ahead after the deal gained the approval of federal regulators. DOJ Green-Lights Mastercard's $825M Acquisition of Finicity. Airbnb Files for IPO, Warns of Volatile Future. Airbnb filed paperwork with the U.S.

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India’s Future Group Cuts eCommerce Venture, Lays Off About 400

PYMNTS

By 2018 the company had 500-600 employees developing digital assets for Retail 3.0. By 2019, Future Group made the decision to dramatically downsize its digital strategy because of sluggish sales and funding delays. . Amazon also acquired a 9.5 percent stake in Future Group valued at ?2,500 2,500 crore.

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Currencycloud Teams With Hyundai Card For Mobile Remittance Service

PYMNTS

With just a few touches on the mobile phone, people will be able to remit their money using their credit card account,” said Wookyung Chang, head of Hyundai Card’s digital strategy department. This will open the new era of personalized digital financial services in Korea.”.

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Floating The Next Big Idea For Social Commerce

PYMNTS

Each of the 50 states has different rules and regulations regarding lotteries, contests and bidding, which is one of the reasons Rizvi believes that potentially huge competitors like Amazon and eBay will think hard before entering this space. We have a good digital strategy around social media, YouTube and a couple of other channels.

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