Tag Archives: bank

13May/22

Trustly and Remote Partner to Align the Future of Finance with the Future of Work

Today Trustly, the global leader in Online Banking Payments has partnered with Remote, a leader in building, managing, and supporting global, distributed workforces. Trustly’s Open Banking connectivity will deliver on Remote’s needs for high-quality data access to support multiple areas of its business operations including payroll, compliance, and fraud mitigation. Continue reading

28Mar/22

Banking as a Service gains unstoppable momentum, Finastra research shows

Finastra today published a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms. Continue reading

07Mar/22

Could the Ukraine invasion spark a global financial crisis?

Nasir Aminu, Cardiff Metropolitan University

The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s war, western leaders announced some restrictive economic measures to target Russian financial institution and individuals.

Continue reading

01Mar/22

Swift: ejecting Russia is largely symbolic – here’s why

The source of much confusion.
Sergei Elagin

Alistair Milne, Loughborough University

Russia’s invasion of Ukraine is horrifying. Western leaders, fearing a broader war, are responding primarily with economic sanctions. A prominent economic sanction has been Russia’s exclusion from the international payments messaging system Swift, presented as a powerful means of undermining its economy.

Continue reading

26Jan/22

Digital and Value Creation: Where Do European Banks Stand?

As traditional banks have been increasingly focusing on digital to help curb customer drain to neobanks, digital performance must also be assessed in terms of value creation. This includes better retention by improving the experience through on digital channels, as well as expanding banking and insurance products available through said channels to help grow NBI. Digital performance rating agency D-Rating’s 2022 “Digital Proposition” stream shows that this issue is already driving stakeholders. Continue reading

29Nov/21

Digital Banking Start-up DNBC Weighs on Safety of Every Transaction

Innovations have created more competitions, and increased practice of providing better access to opportunities as well as resources. Typically, digital banking start-ups are breaking the financial market with their unique and innovative developments. Going through many stages of digital innovations, DNBC Financial Group is also undergoing a profound transformation and adopting new technologies to ensure the safety of every transaction. Continue reading

07Sep/21

FICO Survey: UK Borrowers 31 Percent More Likely to Open Account Digitally Than in 2020

A new study in the UK by analytics software firm FICO shows that UK consumers today are 31 percent more likely to open an account digitally than a year ago. However, the surprising outliers in the rush to digital-first account opening are Generation Z (Gen Z). Financial education is key as it appears that digital savviness is not enough to counter the need for in-person help and advice when selecting banking providers. Continue reading

15Jul/21

Boubyan Bank proudly launches the world’s first Islamic international digital bank

Boubyan Bank Group today announces the launch of Nomo, a fully licensed and regulated UK Islamic digital bank catering for customers with a global financial outlook. Nomo has launched as a brand name of the UK-based Bank of London and The Middle East (BLME), in which Boubyan Bank is a majority shareholder. Continue reading

12Apr/21

FICO Survey: UK Banks Struggled with COVID-19 Fraud and Money Laundering Surge

As cases of fraud and money laundering rose during the pandemic last year, banks in the UK faced unforeseen challenges. In a new study by global analytics software provider FICO and independent research firm OMDIA, 79 percent of respondents from UK banks said that working from home had a high or major impact on the effectiveness of their financial crime prevention. Continue reading