French bank Societe Generale has announced that it will close 300 (15%) of its branches and eliminate 900 jobs as part of its effort to expand its digital capabilities and …
Read More »Digital banking: the once a differentiator is now a commodity
Digital banking is hugely popular and will only become even more popular as 71% of millennials believe that it’s “very important” to have a banking application. Moreover, 51% have made …
Read More »Converse Bank launches new mobile application
Yerevan-based Converse Bank has introduced its free-to-use mobile application called Converse Mobile, which allows customers to manage their accounts at any time of day from anywhere in the world. Using …
Read More »Baku to host Finance and Investment Forum 2018
Baku is set to host the second Finance and Investment Forum (FIF 2018) on May 5, 2018. The forum will last for 3 days and will feature 12 local and …
Read More »The future of physical bank branches
The modern consumer has become accustomed to managing virtually everything from their smartphone, and they have come to expect the same from banking. As banks move to becoming nearly 100% …
Read More »Kazakhstan increasingly moving to remote payment channels
Digitization and the development of innovative technologies have contributed to the active transition of the banking sector to remote payment channels. In total in the first three quarters of 2017, …
Read More »Five undeniable truths of digital banking
Complacency is a bank killer, impacting the ability of a bank to compete and respond to the changing needs of consumers. The best defense against complacency is to accept these …
Read More »Number of bank branches in the Czech Republic decreasing
The number of bank branches in the Czech Republic has been significantly decreasing in recent years. At the end of 2016, there were 2,046 bank branches in the country, 8% …
Read More »The pros and cons of internet banks
Online banking has become the norm for many simple bank transactions, making it easier for customers to check their accounts, pay their bills and move money from one account to …
Read More »Hitting the sweet spot of banking: branches vs. digital
Bank customers fall into three broad groups: conventionals (the 35% of customers who prefer to conduct their banking business face-to-face at traditional banks or credit unions), digitals (the 35% of …
Read More »How to successfully introduce artificial intelligence in the Uzbek banking sector
Artificial intelligence (AI) will help increase the efficiency of banks in Uzbekistan. Manguberdi Abdukarimov, specialist at the National Bank of Uzbekistan, explains that AI is used in foreign banks in …
Read More »The increasing importance of digital banking in the Asia–Pacific region
Customer adoption of digital banking channels is growing steadily across the Asia–Pacific region, making digitization increasingly important for driving new sales and reducing costs. A recent study identified three counter-intuitive …
Read More »Monobank: a mobile bank with no physical branches
Monobank, the debut project of a Ukrainian FinTech company, is proving to be a strong new competitor in Ukraine’s mobile banking industry. The bank, with its lack of infrastructure, is …
Read More »Traditional U.K. banks lagging behind challengers in offering digital banking services
A recent survey of U.K. banks has found that traditional banks are losing ground to challenger banks when it comes to digital banking services. The survey showed the surprising lack …
Read More »Penta: a new digital bank for startups and SMEs
German company Penta is partnering with solarisBank to launch a new digital bank that has been designed to meet all the needs of startups and small- and medium-sized enterprises (SMEs). …
Read More »Experts believe retail banking will move completely online within 20 years
The results of a recent survey conducted in Russia show that a majority (75%) of independent experts and banking association members believe that all retail banking will move to the …
Read More »Video: banking on digital innovation — APIs
Imagine expanding your business and monetizing your bank’s data; imagine bringing services together and delighting your customers. APIs can connect your bank to a whole ecosystem of business. With a …
Read More »Infographic: what is open banking?
Open banking provides reliable financial advice that is tailored to each customer’s particular circumstances and that is delivered securely and confidentially. Click here to find out more about open banking. …
Read More »Infographic: how APIs make or break success in digital world
SmartBear Software recently released the results of a global API survey, which included responses from more than 2,300 software professionals in over 50 industries and from 104 countries. The report …
Read More »Video: open APIs – the future of banking and finance
In the world of finance, open APIs represent a possible technological revolution. This Swiss Fintech Innovations video shows how open APIs work and gives a taste of what the future …
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