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Tag Archives: Digital Banking

Banks for entrepreneurs

Today’s entrepreneurs are used to taking advantage of new and innovative solutions that automate operations and make doing business easier. As such, banking is an important consideration for them. While large traditional banks cover the needs of a business at all stages of development, newcomers like neo-banks and FinTech banks …

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Polish banks reluctant to embrace open banking

With open banking growing in popularity across the globe and the Second Payment Services Directive (PSD2) coming into full force, many Polish banks are reluctant to embrace open banking. Leaders at many Polish banks believe that open banking is unnecessary for them as the point of open banking is to …

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Huawei, Forms Syntron release distributed open platform solution for banks

Huawei and Forms Syntron, a leading Chinese bank solution provider, have jointly released Fincube, a distributed open platform solution for the financial industry. Fincube will help banks at various scales better meet the challenges of the “Bank 4.0” era, reduce innovation costs, optimize technologies and continuously improve service openness capabilities …

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Consumer satisfaction survey gives hope to smaller banking providers

According to a major study released by Market Force Information, consumer satisfaction with banking providers is rising overall, with consumer satisfaction with primary banking providers jumping from 49% to 57% in just one year. Despite the seemingly positive news for established banking providers, brands are still vulnerable as consumers are …

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Revolut plans invasion of the Russian market

Revolut, a British FinTech startup with Russian roots, announced its plans to enter the Russian market this year. The company, valued at USD 561 million, is a mobile app that is integrated with a multi-currency debit card. The service allows users to convert funds from one currency to another at …

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Sberbank, Yandex launch instantaneous B2B payment platform

Small- and medium-sized businesses will soon be given the opportunity to quickly execute payments via a new business-to-business (B2B) payment platform launched by Sberbank and Yandex. Traditionally, B2B payments need to go through more stages than do payments from private individuals. This process can last 1-3 days. The new platform, …

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Five FinTech trends that will define banking in 2019

The banking sector is becoming both more strategically focused and technologically advanced in order to respond to consumer expectations and try to defend their market shares. As such, the importance of innovation and developing new solutions that take advantage of data, advanced analytics, digital technologies and new delivery platforms has …

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9 FinTech marketing strategies for 2019

Deploying the right FinTech marketing strategy is a big challenge in an incredibly saturated market. Here are nine tricks to position FinTech marketing efforts for success: Go mobile with FinTech marketing initiatives –optimize websites for mobile usage; make it fun, interactive and a joy for users to browse through. Make …

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First fully-digital bank in Georgia

In May last year, the first fully-digital bank (called Space) opened in Georgia. The bank operates as a daily finance management application and has no branches or other physical spaces. It offers its customers the opportunity to association another bank accounts with it, make money transfers, obtain a loan in …

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PAYMO developing Uzbek financial marketplace

PAYMO has announced that it is developing a system to unite providers and consumers of financial services in one information space as part of an effort to provide consumers with a range of financial services in a faster, more efficient manner. The new financial marketplace will offer the following financial …

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Infographic: 10 FinTech trends to watch in 2019

Global investments in FinTech have more than tripled since 2014, amounting to over USD 12 billion. Given this incredible growth, here’s a look at 10 key FinTech trends to keep an eye on in 2019.  11 FinTech trends to follow in 2017 3 ways for financial institutions to shift their …

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Infographic: using communication apps in the financial sector

Production and effective communication is vital for any financial company in the modern world. Communication apps such as WhatsApp offer easy communication solutions; however, it is important that financial companies remain compliant with regulations when using them. Check out this infographic for useful tips on how to compliantly use communication …

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The future of banking: secure omnichannel banking

As a broader range of banking services are becoming available on a variety of new platforms, consumers are increasingly using a combination of channels to conduct banking activities. The next wave of innovation in the banking sector, however, seeks to move past physical contact (e.g. going to a bank, using …

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IoT: the next big thing in banking

The future of banking has been coupled with the internet of things (IoT). IoT technology is creating enormous value for financial institutions by making the entire financial network more robust and secure with improved protocols, enhanced data mining and enriched service quality. For example, IoT allows financial institutions to better …

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IoT and the next level of customer engagement

The internet of things (IoT) and the possibilities it provides are only in their infancy. This is especially true in the commercial banking sector, where financial institutions remain uncertain how to translate the immense amount of data available to them into meaningful customer experiences. Financial institutions need to think differently …

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IoT: the future of modern banking

The internet of things (IoT) has become an important part of the evolution of banking; moreover, it remains an integral part of its future as well. Here are five ways IoT has changed (and is still changing) the financial sector: Account management – biometrics has changed the game in the …

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Standard Charted and Huawei team up to create IoT banking solutions

Standard Chartered has joined forces with Huawei to create an IoT-powered solution that could completely transform the way corporate companies communicate with banks. The solution allows corporate firms and banks systems to speak to each other in real-time as well as the triggering of financing or payment instructions via APIs. …

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