Digital banking

 U.K. Banks Modernize to Meet Regulatory, Market Demands

Retrieved on: 
Thursday, December 1, 2022

To meet new market and legal requirements, banks in the U.K. increasingly are taking advantage of new technologies, including AI, machine learning, robotic process automation (RPA), natural language processing (NLP), intelligent automation and analytics, ISG says.

Key Points: 
  • To meet new market and legal requirements, banks in the U.K. increasingly are taking advantage of new technologies, including AI, machine learning, robotic process automation (RPA), natural language processing (NLP), intelligent automation and analytics, ISG says.
  • The need to comply with new regulations is also driving U.K. banks to modernize their systems and introduce new features.
  • Banks also need to comply with tighter rules on detecting and reporting financial crime and money-laundering, a rising concern as geopolitical issues generate more international sanctions.
  • U.K. banks are updating their technology around payments and card processing to meet consumers demands for new features that give them more options, the report says.

Nordic Banks Accelerate Changes Amid Market Shake-up

Retrieved on: 
Thursday, December 1, 2022

As in other regions, the current shake-up in Nordic banking was caused in part by changes in consumer behavior during the COVID-19 pandemic and in part by FinTech startups introducing new kinds of products.

Key Points: 
  • As in other regions, the current shake-up in Nordic banking was caused in part by changes in consumer behavior during the COVID-19 pandemic and in part by FinTech startups introducing new kinds of products.
  • This trend is as strong in the Nordics as in any market, and in some respects even stronger.
  • This has led banks to both accelerate the digitalization of outward-facing elements, such as products and services, and simplify underlying processes.
  • Payment ecosystems are also being disrupted, and major Nordic banks are working together to modernize in this area by developing P27, a system for efficient, real-time domestic and cross-border payments in the Nordics.

Rapid Changes Spur Digital Transformations at U.S. Banks

Retrieved on: 
Wednesday, November 30, 2022

These changes and others are driving banks to implement more flexible next-generation technology platforms and business processes, often in partnership with service providers.

Key Points: 
  • These changes and others are driving banks to implement more flexible next-generation technology platforms and business processes, often in partnership with service providers.
  • The U.S. banking industry is aggressively carrying out transformation initiatives in digital banking, said Owen Wheatley, ISGs lead partner for banking and financial services.
  • Banks are also modernizing systems for monitoring and reporting the greenhouse gas emissions associated with projects they fund.
  • The 2022 ISG Provider Lens Digital Banking Services report for the U.S. is available to subscribers or for one-time purchase on this webpage .

7th America Digital Congress 2022 generated US$ 500 million of economic impact

Retrieved on: 
Monday, November 28, 2022

MIAMI, Nov. 28, 2022 /PRNewswire-PRWeb/ -- The 7th America Digital Latin American Congress of Business & Technology 2022, generated an economic impact of over US$ 500 million in the digital economy of Latin America; review the best moments of our event.

Key Points: 
  • MIAMI, Nov. 28, 2022 /PRNewswire-PRWeb/ -- The 7th America Digital Latin American Congress of Business & Technology 2022, generated an economic impact of over US$ 500 million in the digital economy of Latin America; review the best moments of our event.
  • America Digital will continue working to connect the C-Levels and the most innovative brands of Latin America and the world in its events.
  • America Digital will continue working to connect the C-Levels and the most innovative brands of Latin America and the world in its events.
  • More information about America Digital Congress in Mexico 2023, visit https://mx.america-digital.com and America Digital Congress in Miami 2023, go tot https://us.america-digital.com .

Burgan Bank Selects Commencis as Its Technology Partner in Turkey

Retrieved on: 
Thursday, November 24, 2022

Burgan Bank's innovative and pioneering digital bank 'ON' in Turkey has signed a strategic business partnership with Commencis to further its vision of becoming the country's leading digital banking provider. This new partnership enables Commencis to bring its expertise to Burgan Mobile and ON on their digital transformation journey.

Key Points: 
  • This exciting collaboration with the Commencis team aims to design an end-to-end customer-oriented digital channel experience for ON's digital platform.
  • Commencis CEO Firat Isbecer, commented on the partnership with Burgan Bank, "Commencis continues to play a significant role in the digital transformation of the banking sector through its proprietary products and services.
  • We are thrilled to be afforded the opportunity to develop a long-term relationship with an innovator like Burgan Bank."
  • Commencis is an award-winning technology company helping leading brands grow and scale in digital, powered by its big data, analytics, and cloud products.

Scotiabank Chile named Digital Bank of the Year for Latin America and the Caribbean by LatinFinance

Retrieved on: 
Tuesday, November 15, 2022

TORONTO, Nov. 15, 2022 /CNW/ - Scotiabank Chile has been recognized by LatinFinance as the Digital Bank of the Year in Latin America and the Caribbean.

Key Points: 
  • TORONTO, Nov. 15, 2022 /CNW/ - Scotiabank Chile has been recognized by LatinFinance as the Digital Bank of the Year in Latin America and the Caribbean.
  • "We are delighted that Scotiabank Chile has been recognized asDigital Bank of the Year for Latin America and the Caribbean", said Ignacio (Nacho) Deschamps, Group Head, International Banking and Digital Transformation, Scotiabank.
  • This is not the first time that the Bank's operations have been recognized for being at the forefront of digital in Latin America and the Caribbean.
  • Scotiabank has also been recognized as Best Bank in North America for Innovation in Digital Banking and as the Most Innovative in Data by The Banker Magazine.

GenTwo partners with Apex Group's EDB for global banking and paying agency solutions

Retrieved on: 
Friday, November 11, 2022

Luxembourg and Zurich, Nov 11, 2022 - (ACN Newswire) - European Depositary Bank ("EDB"), the Luxembourg- based provider of banking, paying agency, depositary and custody solutions, and innovative securitization specialist GenTwo, announce their partnership to provide GenTwo with paying agent and banking services for third party investors globally.

Key Points: 
  • Luxembourg and Zurich, Nov 11, 2022 - (ACN Newswire) - European Depositary Bank ("EDB"), the Luxembourg- based provider of banking, paying agency, depositary and custody solutions, and innovative securitization specialist GenTwo, announce their partnership to provide GenTwo with paying agent and banking services for third party investors globally.
  • This partnership will provide GenTwo's clients with bank accounts and paying agency services for notes issued via international clearing systems Clearstream SA and Euroclear.
  • These services will be delivered by EDB, which offers traditional and digital banking services, as well as paying agency, registrar and transfer agency services to institutional investors and asset managers worldwide.
  • We lookforward to supporting GenTwo's domestic and international clients with our banking and paying agency services as they continue to grow their global footprint."

Euronet Worldwide Partners with AeTrade Group to Build Landmark Real-Time Cross-Border Payments Solution for the African Continent

Retrieved on: 
Wednesday, November 9, 2022

This project, where our Ren payments technology will serve as the real-time payments switch across the African continent, provides one of the biggest milestones in this journey.

Key Points: 
  • This project, where our Ren payments technology will serve as the real-time payments switch across the African continent, provides one of the biggest milestones in this journey.
  • AeTrade then selected Euronet and its Ren payments technologies to build and deliver the pan-African payments switch.
  • Ren is an end-to-end payments platform from Euronet that breaks architectural paradigms to keep pace with global payment trends.
  • With corporate headquarters inLeawood, Kansas, USA, and 66 worldwide offices,Euronetserves clients in approximately 200 countries and territories.

Alkami Announces Keynote Lineup for Co:lab 2023

Retrieved on: 
Wednesday, November 2, 2022

PLANO, Texas, Nov. 2, 2022 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced the keynote speakers for its annual conference, Alkami Co:lab 2023, being held in Grapevine, TX, April 3-5, 2023. The event is known for bringing together the best minds in the industry to examine key trends and digital innovation strategies for financial institutions.

Key Points: 
  • PLANO, Texas, Nov. 2, 2022 /PRNewswire/ -- Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced the keynote speakers for its annual conference, Alkami Co:lab 2023 , being held in Grapevine, TX, April 3-5, 2023.
  • "Banks and credit unions deserve digital banking solutions that work as hard as they do to earn and develop customer trust," said Alex Shootman, CEO, Alkami.
  • Alkami CMO, Allison Cerra, added, "Alkami is giving a voice to the future of digital banking.
  • Alkami helps clients transform through retail and business banking, digital account opening and digital loan origination, payment fraud prevention, and data analytics and engagement solutions.

Real-Time Payments Market To Grow USD 61170 Million by 2028 at a CAGR of 22.4% | Valuates Reports

Retrieved on: 
Thursday, October 27, 2022

- The global Blockchain Supply Chain Finance market size is projected to reach USD 126170 million by 2028, from USD 16260 million in 2021, at a CAGR of 33.6% during 2022-2028.

Key Points: 
  • - The global Blockchain Supply Chain Finance market size is projected to reach USD 126170 million by 2028, from USD 16260 million in 2021, at a CAGR of 33.6% during 2022-2028.
  • - The global Insurtech market size is projected to reach USD 11940 million by 2028, from USD 1462.3 million in 2021, at a CAGR of 34.4% during 2022-2028.
  • - The global Digital Banking market size is projected to reach USD 30750 million by 2027, from USD 9098.7 million in 2020, at a CAGR of 19.0% during 2021-2027.
  • - The global Online Payment Gateway market size is projected to reach USD 6403.3 Million by 2027, from USD 2436.7 Million in 2020, at a CAGR of 14.8% during 2021-2027.