Banking

COVID and Banking in the New Era: Can Banks Ride the Wave After Decades of Creating It?

COVID and Banking in the New Era: Can Banks Ride the Wave After Decades of Creating It?

While some predicted that “Big Tech” would be the catalyst that transformed consumer behavior in the banking industry, the truth is that banking has already been cruising toward digital transformation – a global pandemic greatly accelerated it.

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Banks and Big Tech: The Promise and the Peril

Banks and Big Tech: The Promise and the Peril

By Matt Locsin, Global Head of Innovation, Publicis Sapient Big name banks and Big Tech have been signing a number of deals in recent years. Google’s venture into digital checking and savings accounts has enlisted Citi and a number of smaller players, such as BBVA and BMO Harris.

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European Banks Grapple With Digital Transformation

European Banks Grapple With Digital Transformation

Once considered to be trailblazers in the adoption of advanced technologies, banks are now more often identified as laggards, particularly in terms of wholesale digital transformation.

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Banks Are Here to Stay, but They Must Rewrite Their Futures

By Nanda Kumar, CEO, of SunTec If there’s any upside to a crisis, it’s that we are forced to reimagine. Just a year ago, we predicted that it would take at least another decade for banks around the world to embrace digital transformation. A mere six months later, we were blindsided by one of the […]

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Payoneer for Banks Program Launches Around the Globe

Payoneer for Banks Program Launches Around the Globe

Payoneer, the digital payment platform empowering businesses around the world to grow globally, announced today Payoneer for Banks, a new program which helps financial institutions provide businesses of all sizes with a seamless way to make or receive cross-border payments.

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Older Generations Overlooked in Banks’ Digitization Efforts

Older Generations Overlooked in Banks’ Digitization Efforts

Until recently, there was reluctance amongst some to embrace digital banking. And then the coronavirus spread. The pandemic has made many more people move to digital channels out of necessity.

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Top Regulator Pushes Ahead With Plan to Reshape Banking, Sparking Clash With States

Top Regulator Pushes Ahead With Plan to Reshape Banking, Sparking Clash With States

“We’ve satisfied ourselves that we don’t need a new regulation or a new statute on it,” Brooks said. A charter would give these companies the ability to operate across state borders with a single set of rules, as well as to expand the suite of financial services they offer.

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COVID Is Causing Us to Lose Touch (Banking)

COVID Is Causing Us to Lose Touch (Banking)

Touchy-feely is out in the world of payments. Customers don’t want to give their physical payment cards to anyone, and they don’t want to touch terminals. A JD Power study released in early June provided hard numbers on this trend.

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Why Banks Need to Rethink Personalization

Financial institutions (FIs) are beginning to see the light at the end of the tunnel for bouncing back from the pandemic, but the crisis has not been without its casualties. Banks have been forced to reduce or suspend in-branch activities to prevent the risk of infection at branches at least temporarily. The largest bank in […]

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Banks Need to Think Like Google and Not Just Follow It

Banks Need to Think Like Google and Not Just Follow It

Banks are going beyond acquiring and using technology from the likes of Google, Microsoft and Amazon by recruiting the brains to enable them to think like the tech giants. The role of AI in the war against pandemics We look at how AI and data science are supporting the global push to deal with the […]

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24 Big European Banks Take on Visa, Mastercard With Their Own Payment System

24 Big European Banks Take on Visa, Mastercard With Their Own Payment System

A group of big European banks is planning to challenge Visa’s and Mastercard’s positions as the world’s two largest payment processing networks, Electronic Payments International reported.

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Five Digital Banking Initiatives for Second Half of 2020

Five Digital Banking Initiatives for Second Half of 2020

By: Brandon Dewitt As the calendar nears the midpoint of 2020 and banks continue adjusting to a new normal, it’s more important than ever to keep pace with planned initiatives.

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