05/23/2019
Open Banking hobbled by outages
In total, there were 159 outages during the first quarter and banks are not fixing problems quickly, with an average service down time of six weeks.
Retail Banking
05/22/2019
MUFG eager to extend checkbook to high growth US tech
Bank seeks big returns from pre-IPO and mid-cap companies as home market stalls
05/22/2019
The Challenges Associated with RegTech
RegTech promises cost-efficient regulatory compliance, but there are challenges that must be addressed to maximize its potential
05/20/2019
Ecobank Ghana to leverage digital platform to promote cash-lite agenda
“Our range of products and services meet the day-to-day banking, financing, investment and transactional needs of our customers."
05/17/2019
NBB forges ahead with open banking in Bahrain
The bank says the move reflects is commitment to transform and diversify its business through investment in digital infrastructure and services.
05/17/2019
Desmarais-backed venture fund aims to make Koho leader in banking as Wealthsimple is in investing
Portag3 led $42-million funding round for alternative banker
05/16/2019
NBK wins global best innovation for real time payment tracker
Global Finance Magazine’s annual survey
05/16/2019
United Overseas Bank: Plotting the Coordinates on the Road to Digital Banking in ASEAN
The message is that we must all evolve in order to survive and to compete, and that is certainly true in banking.”
05/15/2019
WoodmenLife Selects SS&C to Streamline Loan Administration and Accounting
SS&C continues to grow client base of commercial lenders and servicers with addition of leading Omaha-based life insurance company
05/10/2019
Prince Lorenzo de’ Medici launches new digital bank Medici Bank
The new bank will offer support for both traditional and cryptocurrency businesses as long as they follow due diligence and know-your-customer processes.
05/09/2019
Major banks tap into fintech space in battle for market share
The changes were also driven by the second Electronic Money Directive which allows financial technology firms to register as e-money issuers.
05/09/2019
Robo Adds Direct Indexing SMA Platform for Advisors
OpenInvest’s Optimus platform is designed for advisors who want to differentiate their businesses by providing customized, ESG-responsive portfolios, says co-founder Josh Levin.
05/06/2019
Banks reskilling staff for digital transformation
Lenders also creating new roles, using more tech at contact centres
05/01/2019
Standard Bank to invest in new financial technology opportunities
It is an honour to partner with the continent’s leading financial institution and our team are extremely excited to begin working together on a number of identified opportunities.
04/30/2019
DFSA invites applications for its 2019 regulatory sandbox “Summer Cohort”
It provides firms temporary flexibility to test and develop concepts within the test environment subject to various restrictions and modifications.
04/29/2019
Qatar- Commercial Bank wins 'Asian Banker Financial Technology Innovation Award'
'The Bank continues to invest in innovative technology to provide the best customer experience, said Amit Sah, executive general manager (Consumer Banking) said.
04/29/2019
Challenger banks are failing in their job to shake up the market and get people switching
In reality, fintech is no more than the name for a subsector of businesses whose focus is on harnessing the benefits of technology for the financial services industry.
04/28/2019
CIMB launches future of work centre, targets 15% to have digital skills by 2023
FOWC is the platform to enable its workforce who have been upskilled/reskilled into their new roles in order for them to fully reap the benefits of their training.
04/26/2019
RBI eMandate nod paves way for auto-debits by fintech firms
The retail payments body has asked banks to implement both the emandate measures by June 30.
04/25/2019
Fintech, Regtech to exponentially attract investments, attention
Fintech investment increased substantially in 2018, with total global investment dollars across M&A, PE, and VC more than doubling from $50.8 billion in 2017 to $111.8 billion in 2018 with 2,196 deals, according to a KPMG report.