Tag Archives: banking services

The gender gap in financing is costing Africa $95 billion a year

Women entrepreneurs and business owners play a vital role in economies across Africa. Yet many women are excluded from the industry due to barriers that make it difficult to access credit and financial services. Many barriers, poverty, discrimination, lack of institutional support and outdated gender norms contribute to the $42 …

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Africa-focused Stax raises $2.2M for seed expansion

USSD, which stands for Unstructured Supplementary Service Data, may seem difficult at first and can quickly become technical, but there are two crucial concepts to grasp for the purposes of financial inclusion. To start, you use USSD when you dial a number that starts with * and ends with #. …

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LANDBANK’s online transactions increase by 46% to reach 2.45 trillion pesos

THE VALUE of online transactions made with Land Bank of the Philippines (LANDBANK) jumped in 2021 as the lender continued to roll out digital services during the public health crisis. The value of LANBANK’s electronic banking transactions jumped 46 percent year-on-year to 2.45 trillion pesos, the state-owned bank said in …

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Online banking transactions up 16% to Rs27.2tr in July-September

KARACHI: Online banking transactions rose 16% to Rs 27.2 trillion in the first quarter of this fiscal year as convenient digital payments have not lost their charm despite the easing of pandemic-related restrictions, the central bank said on Monday. These transactions amounted to 23.3 trillion rupees during the previous quarter …

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Global Mobile Payments Markets, 2022-2027 – Majority of the industry, by volume and value, is located in Asia-Pacific – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “mobile payments market by technology (SMS, beacon, NFC), location (proximity and remote), device (smartphone, wearable, implantable, other), type of user (banked, unbanked and under- banked) and solutions 2022 – The 2027 report” has been added to from ResearchAndMarkets.com offer. This report assesses the top mobile payment companies, their …

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How to compare and apply for a personal loan online – Forbes Advisor INDIA

Nowadays, people are increasingly meeting their short term monetary needs by using low cost credit facilities, mainly personal loans. The transformational change in the banking and lending systems has greatly benefited consumers as well as financial institutions. Consumers have won because it allows them to borrow money easily and quickly; …

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The Brick Closes $8.5M Seed to Enable Open Funding Across Southeast Asia – TechCrunch

Financial apps are proliferating across Southeast Asia, making it easier to keep books or get a loan online. But that means fintechs need access to large amounts of data that they can use to verify customer identities, creditworthiness, or aggregate online account information. Brick wants to simplify the process with …

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Bank of America Community Development Banking Provides Record $6.6 Billion in Loans and Investments in 2021

“The need for affordable housing in communities across the United States has continued to grow during the pandemic, and our Community Development Banking team has been there to serve customers during these most uncertain times,” said Maria Barry, National Community Development Bank Executive at Bank of America. “We remain true …

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Capitec vs. FNB vs. Nedbank vs. Absa vs. Standard Bank

The Solidarity Research Institute (SRI) has released its latest bank charges report, showing how the prices of South Africa’s largest banks compare, based on different user profiles. For its 2021/22 report, Solidarity hailed online banks as the ‘heroes’ of the year, noting that new entrants to banking like TymeBank and …

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Parallex Bank Limited promises unlimited possibilities

As part of efforts to embrace digital banking, Standard Chartered Plc is closing about half of its Nigerian branches. A Bloomberg report reveals that the London-listed lender’s local unit already began closing some offices in December and will eventually operate just 13 branches in the West African country. Sources close …

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Standard Chartered to close 50% of its Nigerian branches

• The bank focuses on the digital space Emmanuel Addeh in Abuja with agency report Standard Chartered is closing about half of its Nigerian branches as part of its digital banking expansion. People familiar with the matter said the international bank made the move as the financial sector comes under …

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Mobile banking set to continue in Hatherleigh, North Tawton and Chagford

[ad_1] Chagford Borough Councilor Cllr Nicky Heyworth and Lloyds Bank local branch manager Keith Mills in Chagford. CENTRAL DEVON MP Mel Stride praised Lloyds Bank’s commitment to continue providing mobile banking services in his Central Devon constituency despite a drop in footfall. Mobile service to Chagford, Hatherleigh, North Tawton, Moretonhampstead, …

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Dealing with ethical challenges remains key to advancing facial recognition technology

[ad_1] Through Cary Springfield, International Banker This article originally appeared in the Fall / November 2021 edition of International Banker In June, European privacy supervisors, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS), joined forces to call for a ban on use of facial recognition …

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Mobile banking usage increased to over 34% in 2021, Central Bank of Kenya says

[ad_1] The covid 19 pandemic increased the use of mobile banking services in Kenya from 25.3% in 2019 to 34.4% in 2021. This is indicated by a survey report by the Central Bank of Kenya (CBK) in collaboration with the Kenya National Bureau of Statistics (KNBS) and the Financial Sector …

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5 digital services that have changed the face of banking

[ad_1] Banks have always been at the forefront of the digital revolution. Internet banking services became a reality as early as the 1990s. Mobile banking was possible in the early 2000s. The past two decades have seen several digital innovations that have made banking services more accessible to customers. Fintech …

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3 ways banking should change in South Africa

[ad_1] David Pfaff, CFO of Tyme Bank, gave an overview of some of the major banking trends likely to emerge in South Africa in 2022. Commenting on Payfast’s latest e-commerce performance index, Pfaff said one of the biggest changes would be less physical bank branches in South Africa. “With the …

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AU Small Finance Bank Launches One-Stop Lifestyle Marketplace on Mobile App

[ad_1] Listen to this article AU Small Finance Bank has launched the One Stop Lifestyle Marketplace for its mobile banking app. This market allows the bank’s customers as well as their UPI users to purchase mobile top-ups, send gift cards to loved ones, and book trips to hundreds of destinations …

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Hong Leong Bank awards ‘Best SME Bank in Malaysia’ for third year in a row to customer trust

[ad_1] Kuala Lumpur, Malaysia, December 17, 2021 / PRNewswire / – For the third year in a row, Hong Leong Bank (“HLB” or the “Bank”) moved back “Best SME bank” in Malaysia Awards 2021 by The Asian Banker, one of the most prestigious international awards in the financial services industry. …

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HSBC banking app not working on Google Pixel 6 & 6 Pro, fix in progress

[ad_1] New updates are added at the bottom of this story ……. The original story (published November 23, 2021) follows: Since the launch of Google Pixel 6 and Pixel 6 Pro, users have complained about various types of issues with these handsets. And it looks like the bug streak isn’t …

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Kina Bank launches its website | Buckle PNG

[ad_1] Kina Bank CEO Greg Pawson at the launch of the website, calling it “world class,” said it complements a number of digital products and services already on the market. He said: “Digital banking is growing in the country because of its convenience and speed of access, and people need …

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DBS customers unable to access banking services, bank working to resolve situation, Consumer News & Top Stories

[ad_1] SINGAPORE – Some DBS / POSB customers were unable to access the bank’s internet and mobile banking services on Tuesday 23 November. The disruption began around 10 a.m., according to the Downdetector outage monitoring website, which tracks outages by collating status reports from a range of sources, including errors …

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Best practices for a safer adoption of open banking

[ad_1] Article by IAM Consumer Authentication Solutions, Edwardcher Monreal, HID Global Security and Technology Evangelist. Asia-Pacific is a leader in open banking, thanks to the region’s vast digital ecosystems and a willingness to share data. Financial institutions and technology companies have developed an infrastructure for sharing data, and adoption rates …

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Link CU – at your fingertips

[ad_1] Link Credit Union Staff: Rosemarie O’Brien, Theresa Cooney, Corina McElroy, Teresa Reilly, Tina Flanagan and Sinead Flanagan Posted: Thu, Nov 18, 2021, 6:03 PM Last update: Thu, Nov 18, 2021, 7:26 PM Link Credit Union offers all of its members a checking account, which includes a Mastercard debit card …

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Oportun buys challenger bank Digit for $ 213 million

[ad_1] Consumer lender Oportun has agreed to buy challenger bank Digit in a deal that the buyer says will accelerate its plans to offer a more comprehensive range of banking services. Timely, a Silicon Valley lender that offers personal loans and credit cards to consumers, on Tuesday announced a deal …

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S&P Global Market Intelligence Banking Outlook: U.S. Fintech Companies Raise $ 7.5 Billion in VC Funding in Second Quarter

[ad_1] Major U.S. fintech players attracted nearly $ 7.5 billion in venture capital in 194 deals in the second quarter ended June 30, 2021, up nearly 70% from the previous quarter. same period last year, according to the 2022 S&P Global Market Intelligence Banking Sector Outlook released on Monday. . …

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Ontario teenager who failed to report missing bank card asked to reimburse $ 16,000 in fraudulent charges

[ad_1] TORONTO – An Ontario teenager got his first bank card at age 14, but said he never bothered to read the fine print in his service agreement. Now he is 18 and he would love to because his bank says he is responsible for $ 16,000 in fraudulent checks. …

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OCBC Bank continues to hire despite tough times

[ad_1] KUALA LUMPUR: OCBC Bank (M) Bhd is strengthening its workforce with the hiring of more talent at all levels despite the Covid-19 pandemic. The increases are primarily in business and personal banking, compliance and technology. As one of the country’s leading foreign banks, OCBC has no plans to downsize …

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Validea Martin Zweig Strategy Daily Update Report – 10/30/2021

[ad_1] TToday’s updates for Validea’s growth investor model are based on Martin Zweig’s published strategy. This strategy seeks growth stocks with a persistent acceleration in earnings and sales growth, reasonable valuations and low leverage. TOWNEBANK (TOWN) is a mid-cap value in the Regional Banks sector. The rating according to our …

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BancorpSouth Bank and Cadence Bancorporation complete their merger

[ad_1] TUPELO, Miss. and HOUSTON, October 29, 2021 / PRNewswire / – Cadence Bank (NYSE: CADE) today announced the successful completion of its previously announced merger in which the former Cadence Bancorporation has merged with BancorpSouth Bank, with BancorpSouth as the surviving company. Upon completion of the merger, BancorpSouth was …

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Digital Transactions Record Robust Growth – Journal

[ad_1] KARACHI: Digital financial transactions in the country showed robust growth in fiscal year 2020-21, replacing conventional banking transactions faster than the banking industry expected. According to the State Bank’s latest Annual Payments Systems Review (PSR) for fiscal year 21 released on Friday, transactions processed through the large value payments …

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Goldman Sachs chief insists bank can close valuation gap with rivals

[ad_1] Goldman Sachs chief executive David Solomon insisted the bank can persuade investors to place a higher value on its shares, although he warned that it could take time and the company to Wall Street will not always perform as strongly as it did in its last quarter of eruption. …

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Kuwait Finance House KSCP: KFH clients complete over 113 million transactions via KFHOnline in 9 months

[ad_1] The total transactions carried out by Kuwait Finance House (KFH) clients through KFHOnline on the website or mobile app exceeded 113 million transactions in 9 months, from January to September of this year 2021, with a growth rate by 26% compared to the same period last year. Online banking …

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FinCell officially launches on the European market

[ad_1] To share Tweeter To share To share E-mail FinCell, the white label mobile banking app based on PSD2, announces its official launch in Europe to help more and more financial institutions are expanding their mobile banking effortlessly. The FinCell team reiterated its commitment to help financial institutions such as …

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The rapidly changing face of banking in India

[ad_1] Lately, customer journeys have taken exciting new directions. Branchless banking has gained momentum for day-to-day engagement, KYC has largely moved to digital channels and the processing of loan issuance, application and disbursement has stepped up exponentially through to automation. The driving force behind many of these changes has been …

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Cybercriminals steal Sh106m from sacsco

[ad_1] Companies Cybercriminals steal Sh106m from sacsco Tuesday, October 12, 2021 By PATRICK ALUSHULAMore from this author Summary Saccos lost 106 million shillings in the 17 months leading up to March due to cyber theft as part of the increase in mobile banking, indicating an increased need for stronger insurance …

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Copper Banking raises $ 9 million; Closes $ 13.3 million seed funding

[ad_1] Copper bank, a Seattle, WA-based provider of a mobile banking platform for youth that combines financial education with parent-friendly features, raised an additional $ 9 million and closed a $ 13.3 million funding round . Funders included Clocktower Ventures, Index Ventures Scout Fund, Launchpad Capital, Financial Venture Studio, Maven …

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Unveiling the Benefits, Challenges and Prospects of Open Banking – Blueprint Newspapers Limited

[ad_1] Dr Adesola Kazeem Adeduntan, Managing Director and CEO of First Bank Ahead of the first Bank Fintech Summit 5.0 coming Thursday and on the theme “Open banking and its derivative opportunities for the financial ecosystem”, AMAKA IFEAKANDU examines some of the advantages, challenges and prospects of open banking in …

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Capitec shows excellent results

[ad_1] Capitec Bank Holdings increased its earnings per share by 513% to 3,447 cents in the six months leading up to August 31 and shareholders will no doubt be applauding the declaration of a dividend of R 12 per share as no interim dividend has been made. declared last year. …

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The global digital banking platform market size is expected to grow from $ 8.2 billion in 2021 to $ 13.9 billion by 2026, at a compound annual growth rate (CAGR) of 11.3%.

[ad_1] during the forecast period. The digital banking platform market is gaining ground due to the increasing adoption of cloud-based solutions by financial institutions and the proliferation of smartphones are expected to drive the overall growth of the digital banking platform market. New York, September 30, 2021 (GLOBE NEWSWIRE) – …

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FinTechs Can Help Close Climate Resilience Gaps in Emerging Markets

[ad_1] An agriculture student monitors the growth of vegetables using modern agricultural technology on his … [+] camera in Smart Green House in Bogor, West Java, Indonesia on December 14, 2020 (Photo by: Adrian / INA Photo Agency / Universal Images Group via Getty Images) INA Photo Agency / Universal …

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How Fintechs Tackle Social Issues to Reach Unbanked Communities

[ad_1] As today’s world is increasingly cashless, it’s hard to imagine living without a bank account. Banking is seen as a safe and stable way to manage your finances. Alternative financial services are interpreted as abusive and risky. As policymakers continue to stress the role of financial institutions in reducing …

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This bank will close its ATMs from tomorrow. Check details

[ad_1] Suryoday Small Finance Bank has informed its customers that it will close its automated teller machines (ATMs). The bank has said on its website that it will cease its ATM services from tomorrow, October 1. “For operational reasons, Suryoday Bank’s ATMs will be shut down on October 1, 2021,” …

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How mobile banking brought revolutionary change to banking industries

[ad_1] It is obvious that mobile banking is the use of smartphones to access online banking services. According to a report, the number of users who use mobile banking services is around 57 million. While the penetration of mobile banking for payment for services using the mobile application accounts for …

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4 dynamic FinTech companies in Brazil

[ad_1] 4 dynamic FinTech companies in Brazil By Edlyn Cardoza Today Brazil Credits Cross-border payments In Latin America, Brazil is the largest country and the largest FinTech market in the region. In the first quarter of 2021 alone, Brazilian start-ups received more than $ 400 million. The Brazilian FinTech market …

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Kiwibank: “Persistent problems could damage reputation”

[ad_1] Problems with Kiwibank’s internet and mobile banking services could damage its brand, according to a marketing expert. The bank has had intermittent access issues over the past three weeks, since a DDoS attack that hit a number of banks and other organizations. Kiwibank suffered another outage on Tuesday and …

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Veterans Bank Holds Virtual Annual Meeting of Shareholders and Election to Board of Directors

[ad_1] MAKATI CITY – Amid the continuing threat of the covid19 pandemic in 2021, the Philippine Veterans Bank has once again held its annual meeting of shareholders virtually in compliance with government guidelines and health protocols. This year’s shareholders meeting brought together around 500 shareholders and their heirs. The election …

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Charity Digital – Themes – The Best Bank Accounts for Charities

[ad_1] There may not be a higher priority for charitable leaders than protecting their organization’s money. Supporters donate knowing that this money will be taken care of and used as wisely as possible. In a tough fundraising climate, charities should stretch their funds more than ever. Supporters expect their contributions …

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Analyze data on the largest banks in Ohio and northeastern Ohio in 2021

[ad_1] Branch consolidation has accelerated in recent years, and that trend has accelerated amid COVID-19 lockdowns. While branches have remained open throughout the closures to varying degrees, the age of social distancing has prompted banks to step up their digitization efforts and close their physical locations, cutting costs along the …

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HSBC Sri Lanka recognized as the best digital consumer bank by Global Finance

[ad_1] HSBC has been recognized as the Best Consumer Digital Bank in Sri Lanka for 2021 by Global Finance at the World’s Best Consumer Digital Banks Awards in Asia-Pacific. While this is the bank’s fourth award this year, it is also the 13th time HSBC Sri Lanka has been named …

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BitMinutes CEO Tom Meredith to be guest speaker at Driving the Crypto & Blockchain Revolution conference

[ad_1] Tom meredith Meredith will speak in the morning on “Crypto in Gaming” and follow in the afternoon with a talk on “Bitcoin v. Fiat”. These are incredible times in our industry. These companies that remain standing are of great value and will pave the way for a great future. …

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List of great apps available in the Indian banking space that you should not miss

[ad_1] Super apps have become a major technology trend these days, offering a range of services in an all-in-one experience to users. Given its immense business potential, many large banks in India have also joined the launch of “super apps”, allowing users to access multiple services from a single app. …

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Biometrics for banking financial services Spending by market giants will explode

[ad_1] Global Biometrics for Banking Financial Services Market Research Report 2021 is the latest study published by AMA to assess the market, highlight opportunities, analyze risks and operate with strategic and tactical decision support. The study provides information on market trends and development, drivers, capabilities, technologies, and the changing investment …

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User experience: the ease to please

[ad_1] However, according to the latest RFi Global Digital Banking Council survey, in terms of growth and frequency of use, mobile wins. Over 50% of respondents use mobile banking on a weekly basis and an additional 25% use it daily, compared to 49% and 21% for online banking. In essence, …

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How to get £ 130 in free cash before Christmas by changing banks

[ad_1] CHANGING your checking account can be a quick and easy way to make money – some banks are offering up to £ 130 to convince you to sign up. And as Christmas approaches, it’s a great way to inject a boost into your finances, which means you can cover …

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EU urged to act on “continuing rights violations” by Pakistan

[ad_1] The silver lining that came with the coronavirus pandemic has been the rapid move towards digitalization in different sectors of the economy that previously moved at a turtle pace. Financial inclusion of rural areas is, in particular, crucial to accelerate the pace of economic growth the country needs to …

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Kiwibank Internet Banking Goes Offline Again As Banking Problems Extend For Fifth Day

[ad_1] Tom Pullar-Strecker / Tips Kiwibank will not say whether a cyber attack is to blame or not. Kiwibank customers said they could not access the internet and mobile banking services on Sunday morning as the string of problems affecting New Zealand banks dragged on for a fifth day. Spokesman …

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New study: SMEs should use banking as a service

[ad_1] Small and medium-sized enterprises (SMEs) that partner with a financial institution (FI) to provide banking services can tap into two fast-growing sectors. The first is Banking-as-a-Service (BaaS), which is expected to grow into a $ 3.6 trillion industry by 2030. Eighty-one percent of FIs in a survey saw BaaS …

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Minister of Finance unveils 4th edition of public sector banking reform program – EASE 4.0 in Mumbai

[ad_1] The Minister of Finance and Union Affairs, Nirmala Sitharaman, today unveiled the fourth edition of the Public Sector Bank (PSB) reform program “EASE 4.0” for 2021-2022 – a technology bank, simplified and collaborative. She unveiled the annual report of the PSB EASE 3.0 reform program for 2020-2021 and participated …

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How the pandemic changed the banking industry: businesses to watch

[ad_1] OOne of the sectors most affected by the pandemic has been financial services, and in particular banking. We have seen countless branches around the world, from India to Ireland to Italy, permanently closed, with basic in-person services, out of necessity, moved to fintech solutions. Banks around the world are …

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The agent bank makes the rural economy dynamic

[ad_1] Md. Shahnawaz, who lives in the remote village of Motiganj under the Sonagazi Upazila of Feni district, got into trouble when his expatriate friend from Oman asked him to send Taka 1,15,000 at the earliest. However, he was able to send the money on short notice and at low …

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Housing and Development Bank Achieves 10.8% PBT Growth to EGP 1.45 Billion in H1 2021

[ad_1] The Housing and Development Bank (HDB) achieved a profit before tax (PBT) of EGP 1.45 billion in the first half (S1) of this year, compared to EGP 1.309 billion in H1 2020, an increase of 141 M EGP (10.8%), according to the president and general manager of HDB Hassan …

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Mobile money has enormous potential to change the lives of South Africans

[ad_1] By Jaco Saunders Mobile money has seen massive adoption in Africa over the past decade, but South Africa has fallen behind due to the country’s strict banking laws, which have been a significant barrier to entry. However, the potential of mobile money solutions cannot be ignored and financial institutions …

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Cambridge Savings Bank launches all-digital subsidiary

[ad_1] Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-centric approach and over $ 5 billion in assets, is pleased to announce the launch of Ivy Bank (Ivy), a digital-only division from CSB that offers users-friendly products with high interest rates, exceptional digital experiences and personalized service. Backed …

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Downside risk to mobile banking growth cited by Fitch

[ad_1] INTERNATIONAL think tank Fitch Solutions Inc. said mobile banking in the Philippines has recently gained momentum and is expected to benefit the country, but underdeveloped digital infrastructure is putting its growth at risk. In an analysis released Thursday, the research arm of Fitch Group said the regulatory and demographic …

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The Community Financial Corpora – Consensus Says 6.7% Potential Rise

[ad_1] Community Financial Corpus found using ticker (TCFC) now have 2 analysts covering the stock with consensus suggesting a rating of “Hold”. The range between the high target price and the low target price is between 30 and 27 and has an average target of 28.5. With the stock’s previous …

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Ziina, Backed by YC, Raises $ 7.5 Million Seed Led by Avenir Growth Capital and Class 5 Global – TechCrunch

[ad_1] Cash is the predominant method of sending and receiving payments in the Middle East. If you owe someone a cup of coffee or a trip for an extended period of time, cash back is your best bet. This is one of the many financial problems that have not been …

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QIB named Qatar Digital Bank of the Year and wins Best Mobile Banking Experience award

[ad_1] Qatar Islamic Bank (QIB) was recognized as ‘Digital Bank of the Year’ and ‘Best Retail Mobile Banking Experience’ in Qatar at the 2021 Digital Awards of Asset Triple A magazine. This recognition reflects QIB’s success in maintaining its leadership in digital banking in Qatar, enabling its clients to meet …

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QIIB reports net profit of QR 280.7 million for the first quarter

[ad_1] QIIB Chairman and CEO Sheikh Dr Khalid bin Thani bin Abdullah Al Thani announced the results of the bank’s activities for the first quarter ending March 31, 2021, which showed positive results and remarkable progress in the various items in the Bank’s balance sheet. The bank achieved a net …

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Five security tips to follow in digital payment transactions

[ad_1] The advent of technology has triggered an evolution in various industries. The digital payments segment is no exception. Although digital payments are not an entirely new concept, the Covid-19 pandemic has accelerated the adoption of payment methods such as UPI (Unified Payment Interface), credit / debit cards, banking services. …

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Egypt publishes digital payments, lending and savings rules for mobile wallets

[ad_1] Last week, the Central Bank of Egypt (CBE) approved the third edition of the rules for payment services using mobile wallets. This included its approval of the rules for lending and providing digital savings services through the mobile wallet. The EPC has clarified the procedures for obtaining a license …

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How two banks are going digital

[ad_1] Lake City and Sterling National are the latest US banks to launch new digital banking services, targeting both consumers and businesses. Lake City Bank, based in Indiana, unveiled a “The next generation” digital banking platform to serve business and retail customers. Called Lake City Bank Digital, the platform is …

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MainStreet Bancshares Reports Strong First Quarter 2021 Results

[ad_1] MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $ 5.5 million for the first quarter of 2021. Net income of $ 5.5 million represents an average return on equity (ROA) of 12.95%, an average return on assets of 1.32% and …

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Culture of empowerment at FairMoney leads to the creation of good products for financial inclusion

[ad_1] FairMoney, the Paris-based mobile bank, set its target in the Indian market after taking a strong position in the Nigerian market. FairMoney was founded in 2017 by Laurin Hainy, CEO, Matthieu gendreau, CTO and Nicolas Berthozat – product co-founder with the vision of being the first mobile bank for …

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Postal banking would help underserved communities and shore up struggling USPS, lawmakers say – The Legislative Gazette

[ad_1] Photo provided by the office of Senator Gillibrand US Senators Kirsten Gillibrand (D-NY), on the podium, and Bernie Sanders (I-VT), and US Representatives Alexandria Ocasio-Cortez (D-NY), Bill Pascrell (D-NJ) and Marcy Kaptur (D- OH)) called on Congress to implement pilot postal banking programs in rural and urban communities across …

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DCB Bank-New Generation Private Sector Bank acquires 9% minority stake in NBFC Techfino Capital

[ad_1] Currently, DCB Bank has a total of 347 branches across the country Next Generation Private Sector Bank – DCB Bank Limited, announced on Wednesday April 21 that it had acquired an approximate 9% minority stake in a Bengaluru-based non-bank fintech finance company (NBFC) – ‘Techfino Capital Private Limited. DCB …

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Development strategies: four reasons why digital ecosystems are the future of banks

[ad_1] In the age of digitization, retail banks are looking for new sources of profitable growth. The use of ecosystems is one of the solutions that guarantees a stable future. McKinsey estimates that they will generate around 30% of global business turnover by 2025. Banks are aware of the importance …

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Tangerine Bank x Kids Help Phone Collaborate to Support Black Youth in Canada

[ad_1] Tangerine’s commitment will support the black youth strategy of Kids Help Phone, RiseUp. According to Kids Help Phone, the percentage of youth in distress linked to racism and discrimination more than doubled between May and June 2020. Children who report racism as a cause of distress are among the …

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CBE approves 3rd edition rules for mobile wallet payment services

[ad_1] The Board of Directors of the Central Bank of Egypt (CBE) has approved the Third Edition of the Rules for Mobile Wallet Payment Services. The CBE also gave its approval to the rules for the provision of digital lending and savings services through the mobile phone wallet. This step …

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Mobile service is the key to GSB’s social objectives

[ad_1] GSB authorizes loans through mobile banking during the pandemic. (Photo by Somchai Poomlard) The Public Savings Bank (GSB) is poised to step up its full-fledged mobile banking development plans to reflect its ambitious role as a provider of social banking services. President and CEO Vitai Ratanakorn said the ultimate …

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How smartphones have influenced our financial habits

[ad_1] Smartphones have not only changed the way we communicate, but they have also changed the way we manage our finances. Whether it’s doing your banking transactions or planning your budget, the impact of smartphones on financing today is hard to ignore. In a society where having our small handheld …

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ING, a Dutch bank, finds a winning digital strategy

[ad_1] GERMANY’s third largest retail bank does not have a branch. It is also Dutch. And it is very profitable. ING-DiBa, an online bank owned by ING, the Netherlands’ largest lender, manages € 133 billion ($ 154 billion) in deposits for more than 8 million customers. In a fragmented market …

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