Managers of Wealth Fintech

P2P lenders banking on shift to alternative finance as savings rates fall

High street banks typically take longer to lower interest rates for borrowers than they do for savers

Egypt's central bank to support e-payments, fintech, and more

The strategy also aims to turn Egypt into a leading centre for fintech in Africa and the Arab world, the online publication added.

Ithmaar Bank encourages customers to bank online, help contain the Coronavirus (COVID-19) virus

The Bank is already following Central Bank of Bahrain directives that were issued on 05 March 2020 urging all banks, financing companies and micro-finance companies in the Kingdom to grant concessions to customers affected by the global outbreak of COVID-

Standard Chartered launches new Banking Solution in Indonesia

Winters added that the Nexus solutions is potentially a ‘transformational’ platform for both Standard Chartered and its clients.

Wirecard and Grab Announce Payments Partnership

Through this partnership, Wirecard will process card transactions for GrabPay via its digital financial commerce platform and will extend GrabPay to more merchants to expand the acceptance of the mobile payment method.

Virgin Money taps Deloitte Digital for digital bank launch

The firm provides services in a number of financial services domains, ranging from savings accounts and pensions to commercial accounts and mortgages.

NBI upgrades its digital capabilities with Backbase’s banking platform

The project consisted of 4 separate tracks that went live in a year and, the implementation partner is Bring Global.

GT Bank Ghana launches Virtual Card for online transactions

The GTBank Virtual Card provides utmost convenience to customers as it enables them to create, fund and use their cards for online transactions and payments anytime, anywhere.

Digital lending apps seen slowing down the mobile banking revolution

Subsequently, the cost of living and Kenyans’ inability to live by what they earn has seen the sprouting of digital lending apps, which continue to take advantage of the cost of living pressures.

ADCB launches digital platform to help UAE businesses

The digital platform offers market insight and companies can seek advice on financial products that would suit their needs

Digital Transformation: Standard Bank South Africa to Migrate Core SAP Cloud-based Platform to Microsoft Azure

Standard Bank S.A. says it will work cooperatively with Microsoft to create reference architectures, roadmaps, and implement industry best practices.

Five financial apps to help you manage your finances

Among working urban households in South Africa, 40% of people have no formal retirement savings.

Coronavirus could hit fintechs hard as card transactions drop

Fintechs’ reliance on the fees merchants pay when consumers make credit and debit purchases will be tested as people stay home.

Nedbank pumps R10bn into IT strategy

Nonetheless, Nedbank says it is making good progress on its digital strategy and aims to be Africa’s number one digital financial services player.

Valued at $10B, Nubank launches it’s Nu credit card in Mexico

Nubank was co-founded by Cristina Junqueria and CTO Edward Wible. In the past year, the company has hired three more C-level executives and a new CFO.

Tech companies eying banking

The banks were run with large manual ledgers, bankers had to put thousands of manual entries in those ledgers each day.

Dubai’s DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform

The platform will make it easier for new companies to do business in the UAE, removing existing paper-based KYC processes

Bain & Co: Banks are Losing Customers to Fintech and Tech Giants

According to the research, customers in many countries, but most particularly those in emerging markets, are willing to try banking with a tech company such as Facebook or Google.

BCG evaluates Commerzbank strategy for German Government

According to the Financial Times, which published the comments in February 2020, the ECB took issue with the lender’s 4% return medium-term goal for equity.

Deutsche Bank recently released its The Future of Payments research report

They are instrumental in helping retail banks in Italy, Belgium, France, UK, Portugal and Mexico to take a different approach to how branch networks are cut back and how ATMs can be used to generate revenues and offer more services.

Retail Banking