Banking

Digital banking has gone mainstream, but it has become the only point of contact between banks and their customers in many cases.

While financial institutions are still in the early stages of adopting AI technologies, intelligent machines are expected to become the most defining for the future of institutions in the financial services and insurance industries.

A transformation in the banking industry was due – and neobanks are bringing that transformation.

Banking has now become data-driven, and service delivery channels have been digital for the most part.

Monese is a UK-based startup that targets immigrants who experience daunting tasks in opening a UK bank account as a foreigner.

As reported by Aite Group, only 32% of more than 1,000 US companies indicated they used mobile banking services.

AI is an inevitable part of reality in a range of segments and industries, as well as a matter of scientific and financial interest for research institutions, governments, and businesses.

PSD2 is part of a global trend in banking regulation that aims to foster market competition, innovation, and security.

SDK.finance, a European software FinTech vendor, reveals the strategic options of partnering with banks for PSD2 implementation.

In this week’s article, we deep-dive into the rise of neobanks/digital banks that cater only to SMEs.

A perfect storm of lowered IT costs and changing consumer tastes are putting banks in the position to play the Facebook role, for once. With the right strategy, banking providers of all sizes can now claw mobile users and engagement away from non-bank financial apps and capture more customers and revenue in the process.

We analyzed online/virtual/digital banking initiatives/apps created by traditional banks worldwide.