Search Results for: The COVID-19 pandemic

Embedded Finance Explored: How Financial Institutions Can Navigate New Territory Fintech Trends: Chinese Banking Giants Versus US / European Banks During COVID-19 How Retailers Can Expand Internationally, Whilst Protecting Themselves and Customers From Fraud
Banking Economy Featured News

Fintech Trends: Chinese Banking Giants Versus US / European Banks During COVID-19

Fintech News Desk
by Fintech News Desk0
Chinese banking giants are ahead of their counterparts in the US and Europe. The banking industry was always looking for a solid reason to build an automated crisis-proof infrastructure to adapt to an agile way of operations. The COVID-19 pandemic has changed that notion irreversibly forcing all major banks to......
State Bank of India and HyperVerge Partner for AI-powered Online Account Opening amidst Pandemic
Banking Digital Mobile Banking News

State Bank of India and HyperVerge Partner for AI-powered Online Account Opening amidst Pandemic

Fintech News Desk
by Fintech News Desk0
India’s largest bank launches a special Savings Account that can be opened instantly with a Video Banking process to onboard customers during the pandemic. The new service will offer a quick and completely paperless experience to customers with minimal ID documents. HyperVerge announced its partnership with SBI, with one of......
Why Digital Transformation Efforts Are Undermined by an Insufficient Focus On Process
Economy Guest Posts

Pandemic Paradox: Why Digital Transformation Efforts Are Undermined by an Insufficient Focus On Process

Mark Elkin
by Mark Elkin0
The pandemic accelerated digital transformation, made customer experience a greater differentiator, and added complexity to an already process-heavy, regulated, and risk-averse industry. While banks know they need to step up their digital transformation efforts, they’re focusing on the wrong strategies and tactics to achieve them. First, to define and document......
Finance in Common Summit Spring Meeting: Public Development Banks Call for New Financing for Africa’s Recovery Post-COVID-19
Banking Capital Markets News

Finance in Common Summit Spring Meeting: Public Development Banks Call for New Financing for Africa’s Recovery Post-COVID-19

Fintech News Desk
by Fintech News Desk0
Participants in the meeting, hosted by the African Development Bank, brainstormed on joint actions that could help boost a strong and inclusive recovery in Africa A global coalition of public development banks today emphasized the urgency of immediate resources for Africa’s recovery post-Covid 19. Together, they committed to deepening cooperation......
FinTech Automation Named to WealthTech 100 List
Banking Business News

Oxford Bank Provided over $342 Million in PPP Loans for 1,354 Local Businesses Impacted by COVID-19

Fintech News Desk
by Fintech News Desk0
Nearly 20,000 Local Jobs Saved Oxford Bank announced today that it has processed 1,951 loans totaling $342,203,867 under the Small Business Administration’s Paycheck Protection Program (PPP) to help local small businesses support payroll and related costs, saving approximately 20,000 jobs within Southeastern Michigan. The average loan size was approximately $175,400. The PPP, which was......
paynearby
Banking Digital Payments News

PayNearby Aims To Handhold 10 Crore Citizens For Covid-19 Vaccine Registration From Kirana Stores

Fintech News Desk
by Fintech News Desk0
15,00,000+ small retail outlets to participate actively in vaccination drive  Strives to facilitate vaccine registrations across 17,500+ PIN codes  Create awareness and education around the immunization program, and provide a single click, easy to access COWIN registration from within the PayNearby app  Intends to tackle technology and language barriers among......
African Development Bank Approves $170M for Investment in Startups
Digital Finance Fintech News

African Trade Finance Sees $5 Billion In Portfolio Outflows In Q1 2020 Due To Covid-19, But Opportunities Exist – Report

Fintech News Desk
by Fintech News Desk0
The survey was conducted by African Export-Import Bank, jointly with the UN Economic Commission for Africa and the African Development Bank-hosted Making Finance Work for Africa Partnership Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of......
Gen Z Doubles Time Spent on Finance/Trading Apps During Pandemic Year; Phone Use Among All Consumers Up More Than an Hour Per Week Led by Finance and Social Media App Growth
Finance Fintech News Trading

Gen Z Doubles Time Spent on Finance/Trading Apps During Pandemic Year; Phone Use Among All Consumers Up More Than an Hour Per Week Led by Finance and Social Media App Growth

Fintech News Desk
by Fintech News Desk0
‘The Pandemic Year in Mobile Apps’ Report Highlights Consumer App Usage Data Sourced From GWS’ OneMeasure Consumer Panel New data from ‘The Pandemic Year in Mobile Apps’ report conducted by Global Wireless Solutions (GWS) shows that consumers spent an average of four hours per day on their smartphones during COVID-19––up ten minutes......
A Marketing Guide to Personal Loan Seekers in the Pandemic
Finance Guest Posts

A Marketing Guide to Personal Loan Seekers in the Pandemic

Shiva Sharif
by Shiva Sharif0
All facets of life are feeling the effects of COVID-19, and the personal finances of Americans is no exception. Consumer sentiment is changing daily—as is the financial landscape. Given the volatile nature of the past year, it’s no surprise that Americans are being weighed down by financial anxiety. In fact,......
Deloitte: Hastened by the Pandemic, Global Enterprises Increase Investments in Advanced Wireless
Digital Investment Services Investments News

Deloitte: Hastened by the Pandemic, Global Enterprises Increase Investments in Advanced Wireless

Fintech News Desk
by Fintech News Desk0
Businesses around the world are rapidly shifting their focus to 5G, Wi-Fi 6 to accelerate innovation and digital transformation Spurred by the realities of the pandemic, global enterprises are turning even more to next-generation wireless technologies such as 5G and Wi-Fi 6 to keep employees, machines and customers connected around the world.......
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