Increased use of smartphones and superior digital apps are driving the increase of digital banking. Digital banking is traditional banking activities and programs that customers were only able to do inside a bank are done online.
Read MoreBy Ross Hignett, Head of Banking and Financial Services, Expleo UK Global spend on IT by financial services was $440 billion in 2018, and this outlay is expected to rise to $ 500 billion by 2021. Indeed, banking and financial services are often held up as early adopters of digital transformation, compared to other slower-moving […]
Read MoreIn a first for the island, Taiwan’s Financial Supervisory Commission has issued virtual banking licences to three consortiums – the latest development in the battle between Asian internet firms and the region’s legacy banks for a stronghold over consumer finances.
Read MoreSubscribe to The Financial Brand via email for FREEWith an expansion of smartphone usage and enhanced digital applications across industries, it is not surprising that the majority of consumers prefer to interact with their primary financial organization via online and mobile channels.
Read MoreThe latest news on digital banking is that the Monetary Authority of Singapore (MAS) has decided to issue up to a maximum of five digital banking licenses, comprising up to two full-bank licenses and three digital wholesale bank licenses.
Read MoreIntroducing b.yond b.yond ecosystem Making the complex simple withone contract + one ecosystem b.yond eliminates the complexities associated with launching a payment value proposition with speed to market by providing one aggregated service offering and one simplified commercial agreement.
Read MoreWhat might digital banking unleash? Are we becoming more exclusionary as we march down the path toward completely digital banking? The debate around cash has been heating up lately.
Read MoreDisruption, especially within technology is often an overused phrase. However, when applied to the world of financial services, there can be little doubt that this sector is being profoundly disrupted thanks to technology.
Read MoreBy David Mitchell Digital, standalone bank brands are rapidly entering the U.S. marketplace following the success of Simple, launched by BBVA Compass in 2009. Since then, several large banks have followed, including JPMorgan Chase with Finn and Wells Fargo with Greenhouse-and with good reason.
Read MoreHaving rounded out its technology suite and begun beta app testing, Australian neo bank 86 400 has started a waiting list for prospective customers and opened up to talks with future investors.
Read MoreAustralian mobile banking startup Xinja is returning to the crowd in a bid to raise a further $5 million from private investors as it prepares to apply for a full banking licence.Xinja has so far raised $4.4 million (including an earlier $2.
Read MoreThe next generation of banks is getting ready to open their doors. A considerable number of Australians have never switched banks: 40%, according to a November 2018 study from F5 Networks.
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