Tag Archives: digital banking

How Opportunity International is boosting financial inclusion through digital banking

by Charu Adesnik Northampton, MA –News Direct– Cisco Systems Inc. A group of people using mobile financial services, provided by Opportunity International. Credit: Patrick Abah. the Opportunity International’s (Opportunity) mission for more than five decades has been to reach people living in poverty and provide them with access to otherwise …

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banque muscat SAOG: special offer on Individuals, Auto and Home extended until March 31

In line with its customer-centric vision and commitment to financial inclusion, Bank Muscat, the leading financial services provider in the Sultanate, offers a host of state-of-the-art services and facilities to its large family of customers. across the Sultanate. . The bank recently announced that, in line with its vision to …

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Landbank’s online banking transaction value soars by 46%

The Land Bank of the Philippines (Landbank) announced that the combined value facilitated through its six major e-channels reached P2.45 trillion in 2021, up 46% from the previous year, while the volume transactions increased by 19% to 136.3 million. Cecilia Borromeo, President and CEO of Landbank, attributed the growth to …

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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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Askari Bank partners with HysabKytab to integrate PFM – Business & Finance

KARACHI: Askari Bank partners with HysabKytab to integrate Personal Finance Management (PFM) solution into Askari Digital Banking. HysabKytab has signed an agreement with Askari Bank in this regard. This collaboration will allow users of Askari Bank’s internet and mobile banking applications to take better control of their financial well-being. With …

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Payrailz delivers smarter, faster payments through Alkami’s digital banking platform

GLASTONBURY, Conn.–(BUSINESS WIRE)–Payrailz®, a digital payments company delivering smarter, more engaging payment experiences to banks and credit unions across the United States, announced that its payment services will be now available via the Alkami platform. Through this partnership, financial institutions on the Alkami platform will now be able to deliver …

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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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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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Here are all the announcements related to the banking sector

More lines of credit for small businesses, the introduction of central bank digital currency, the push for digital banking and amendments to strengthen bankruptcy law were among the main areas of focus for the sector. banking in this year’s EU budget. Here are all the banking and financial announcements made …

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Thai banks use digitalization to evolve into various value-oriented organizations – OpenGov Asia

The Thai government is seizing the opportunities offered by digital technology to improve the lives of citizens and increase the country’s economic competitiveness regionally and globally. Through the national “Thailand 4.0” strategy which includes major investments in digital infrastructure, big data platform and analytics for education, health and agriculture, as …

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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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Survey shows transformation of retail banking businesses and customers

Nearly three-quarters of consumers and businesses in Greater Boston said the pandemic has permanently changed the way they interact with financial institutions, according to a recent Citizens Bank survey. Citizens found that 90% of consumers and 86% of businesses in the bank’s US footprint use digital banking channels. In July …

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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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Forbes India – Finance, MSMEs: Fintech innovation laid the foundation for branchless banking: Suhail Sameer of BharatPe

Products such as “buy now, pay later” have moved to the e-commerce space Image: Shailesh Andrade/Reuters Jhe last decade has been driven by the Internet, technological innovation and the rise of smartphones. This facilitated the rise of real-time communication and, in turn, the world transformed into a mega-market, with billions …

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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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Dealing with ethical challenges remains key to advancing facial recognition technology

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 technology …

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Multitude SE: Multitude SE: Multitude Group’s financial calendar for 2022

DGAP-News: Multitude SE / Keyword (s): Miscellaneous Multitude SE: Multitude SE: Multitude Group’s financial calendar for 2022 27.12.2021 / 12:00 The sender is solely responsible for the content of this advertisement. Multitude Group’s financial calendar for 2022 Helsinki, December 27, 2021 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or …

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Apiture to Provide Basic Xpress Banking Solution to Missouri’s First State Bank

Digital banking solutions provider Apiture was approached to upgrade First State Bank of Saint Charles’ online and mobile banking offering for home and business customers. Apiture is headquartered in North Carolina The 150-year-old Bank of Missouri will migrate its legacy digital banking solution to Apiture Xpress. Apiture says its Xpress …

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CFOs: liquidity, cash management, a major challenge

Times are tough for CFOs and other finance professionals. The unpredictable economic impacts triggered by the pandemic have significantly complicated the task of managing cash flow and working capital. To cite a few examples, manufacturers have had to quickly build relationships with new suppliers and shipping lines, financial institutions have …

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

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. HLB …

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Chase’s 2021 Digital Banking Attitudes Study Finds Consumers Continuing to Adopt Digital Banking Tools to Manage Their Finances

NEW YORK–(COMMERCIAL THREAD) – One year after his first study on attitudes towards digital banking, Hunt1 today released the results of its second study, which further explores consumer attitudes towards the use of banking websites and apps. “This year, digital banking has played an even bigger role in how consumers …

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Kumari Foneloan – Buy Now, Pay Later in Nepal: Instant Loan, Pay on EMI

Kumari Bank, a commercial bank in Nepal, has introduced a Buy now, pay later (BNPL), which allows customers to get an EMI loan instantly right from their mobile banking app. Foneloan – Buy now Pay later The concept of instant lending through a mobile banking app is nothing new. About …

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Kina Bank launches its website | Buckle PNG

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 to …

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

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 submitted …

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Best practices for a safer adoption of open banking

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 are …

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Moven Partners with Oz Nixil ICT Integration Provider

Moven is pleased to announce that it has recently partnered with Australia-based leading banking information and communications technology (ICT) integration provider, Nixil Pty Ltd, with the goal of establishing a footprint. in the dynamic digital banking space that is opening up in the region. . By partnering with Nixil, Moven …

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Receive message (text)? | ABA bank journal

By Karen Epper Hoffman MBomb phones have been a lifeline for many of us during the pandemic. So it’s perhaps not surprising that, like many other financial institutions, FirstBank of Colorado, the country’s third-largest private bank, uses mobile messaging to develop and evolve deeper “virtual relationships” with its customers. With …

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OCBC Bank continues to hire despite tough times

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 or …

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

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 strategy …

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Mobile banking startup wins key victory in eastern West Bank lawsuit

A former East West Bank executive won a key battle in a legal battle with the Pasadena, Calif. Company which alleged he used his trade secrets to create a digital banking product for a startup it he had founded. Last week, a federal judge dissolved a preliminary injunction East West …

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Account opening at the speed of expectations

What will payments look like in 2022 and beyond? In “The way payments are now made, ”Jess Turner, Executive Vice President, New Digital Infrastructure and Fintech, Mastercard, joins 32 other payments managers to discuss what the ‘new normal’ in payments looks like. Turner explores how the pandemic made mobile banking, …

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QIB wins ‘Best Retail Bank in Qatar’ at the 2021 Trailblazer Awards

Qatar Islamic Bank (QIB) received the “Best Retail Bank in Qatar” award at the 12th edition of the Retail Banker Trailblazer Awards 2021 in collaboration with MEED and GlobalData. QIB was also recognized for “Excellence in Mobile Banking”, “Excellence in Funding” and “Best Loyalty / Rewards Program in the Middle …

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SBI’s online banking services will not be available today during this time. Details here

Customers of India’s largest bank State Bank of India (SBI) will not be able to use internet banking today for a certain period of time. SBI Internet banking users will not be able to use various features such as Internet banking, YONO, YONO Lite, UPI for a total of 120 …

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The 15 Fastest Growing Banking and Financial Apps Last Week

APPLICATION PERCENTAGE INCREASE SoFi Invest SoFi’s mobile application for investing and trading in stocks and cryptocurrencies. 958.67% myStudentAid Federal Student Aid’s official app for students and families to apply for and manage financial aid. 745.25% PNC mobile banking services PNC’s mobile banking application. 141.56% Running The financial services company’s mobile …

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

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 Nigeria. …

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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%.

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) – Reportlinker.com …

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

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 Best …

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

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. In …

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Goldman Sachs executive who spearheaded consumer banking launch is set to leave

Updates from Goldman Sachs Group Sign up for myFT Daily Digest to be the first to know about Goldman Sachs group news. The head of Goldman Sachs, who spearheaded his push into consumer banking, leaves, 10 months after having entrusted the day-to-day management of the company. Harit Talwar will be …

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User experience: the ease to please

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, Internet …

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3 in 5 Filipinos will give up long online banking application process – FICO – Back End News

photo by Christina morillo of Pexels Too many questions to answer when filling out online banking apps is a disillusionment to the 3 in 5 Filipino respondents in FICO’s recently released 2021 Digital Banking Survey. People think of digitization as seamless transactions, which is why when customers try to open …

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New study: SMEs should use banking as a service

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 as …

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How the pandemic changed the banking industry: businesses to watch

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 wondering …

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

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 Ghanem. …

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

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 are …

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Cambridge Savings Bank launches all-digital subsidiary

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 by …

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China Inc’s new low-profile expansion

reEEPGLINT, A CHINESE facial recognition company, was one of 14 companies to be sanctioned by the United States on July 9 for alleged links to human rights violations in the Xinjiang region, in the far west of the China. It is also a globally recognized leader in its field and …

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

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 approached …

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What You Do Online Can Help You Get The Loan You Need

Need a loan but your credit history is poor or poor? Now you can leverage your online activities via desktop, tablet or mobile and possibly get a Yes for your app. Traditional loan companies such as banks don’t just collect personal information from loan applicants to help them decide whether …

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

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 their …

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Moven Partners with UAE-Based FinTech Solutions Consulting Firm

We welcome this opportunity to collaborate with Moven to transform and revolutionize the digital banking industry. Mohammed Muzammil Riyaz, Senior Vice President CSG NEW YORK (PRWEB) April 26, 2021 Moven, the only fintech solution that holds a U.S. patent for financial well-being, announced its partnership with Center Systems Group (CSG), …

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How a community bank built its strategy from an ROA / ROE analysis

Subscribe to The Financial Brand FREE by email! Despite banks’ emphasis on the importance of digital transformation, “strategic transformation” may be more beneficial for a large percentage of banks and credit unions. The importance of digital for the industry is not in question, but the vast majority of traditional institutions …

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How two banks are going digital

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 designed …

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Apply for Data Manager and other positions on idbibank.in

Earlier this week, IDBI Bank launched a notification on the IDBI Bank Recruitment 2021 campaign, inviting candidates to apply for the position of Chief Data Officer, among others. Interested and eligible applicants are encouraged to visit the official IDBI website, a direct link of which is provided below, to apply …

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RCBC provides SSS loans, benefits and assistance to OFWs through DiskarTech app

The Rizal Commercial Banking Corporation (RCBC) continues to promote financial inclusion by strengthening its partnerships with various government institutions. Members of the Social Security System (SSS) can now benefit from convenient cash disbursements through the bank’s online platforms. RCBC, owned by Yuchengco, has strengthened its partnership with the government pension …

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American Express – BancNet Passes Global PCI DSS Assessments – Manila Bulletin | Zoom Fintech

American Express – BancNet Passes Global PCI DSS Assessments – Manila Bulletin Digital Banking and Fee Community BancNet recently acquired its Certificates of Compliance after passing the PCI DSS (Fee Card Trade Knowledge Safety Commonplace) model assessment 3.2.1. PCI DSS is a global information security standard used by all major …

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SBI YONO app: SBI’s YONO can open savings account, apply for loans and shop online | Business News in India

MUMABI: National Bank of Indiaof (SBI) new application ‘YONO“ (You Only Need One) promotes itself as a digital banking platform that allows customers to instantly open accounts, complete transactions, apply for loans, and shop online, all at one one stop shop. The app, already available on Android and iOS platforms, …

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