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 …

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% …

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 …

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 …

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 …

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). …

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 …

Bank of Cyprus customers will be first in the world to enjoy biometric convenience on a contactless payment card. The Bank of Cyprus, in cooperation with Gemalto, has developed the …

GPB Digital Fund, daughter organization of Gazprombank, has created API Bank, a banking services designer that will enable users to create banks under their own brand without needing to obtain …

Citi has opened an API portal for Russian financial companies that will enable users to create applications and integrate service solutions for retail customers. The Citi developer hub site has …

The Shenzhen representative office of the China Securities Regulatory Commission has issued Tencent a mutual investment fund license, opening the door for the WeChat messenger owner to sell shares directly …

Bank BGZ BNP Paribas is leading the way in working with fintech innovations and startups in Poland. Bank BGZ BNP Paribas believes that banks and fintech should go hand-in-hand in …

Speaking at a fintech conference in Tel Aviv, Tamar Yassur, head of digital banking at Bank Leumi (Israel’s second largest bank), stated that banks must become active in the world …

Poland’s Alior Bank has adopted the ‘Digital Disrupter’ strategy through 2020. As part of this strategy, the bank intends to increase cooperation with fintech companies, especially in terms of getting …

Sberbank adopted a forward-thinking approach to creating its new, flexible platform, and the bank has decided to open access to elements of its platform through an API as well as …

Andrey Kosach, top manager and board member of Belarus’s Alfa-Bank, has observed that fintech in Belarus has been gaining traction in recent years and believes that this momentum will continue. …

The United Kingdom has passed new rules, called Open Banking rules, that will force large banks to implement APIs in order to standardize safe access to customer data. The effect …

With billions being spent to detect, report and investigate banking transactions that might be connected to illegal activities, many are examining how machine learning and artificial intelligence could reduce costs …

Artificial intelligence and machine learning have taken a significant step forward in usage in Russian banks. Here are ways Russian banks are taking advantage of this new technology: Sberbank has …

As financial institutions seek to introduce artificial intelligence solutions, they need to find qualified specialists capable of completing this work. Large financial institutions are creating teams of strong mathematicians and …