Search Results for: Traditional banks

As Use of Alternative Payments Is Skyrocketing, Banks Must Urgently Embrace the Next Generation of Payments to Stay in the Race: Capgemini’s World Payments Report 2021
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As Use of Alternative Payments Is Skyrocketing, Banks Must Urgently Embrace the Next Generation of Payments to Stay in the Race: Capgemini’s World Payments Report 2021

Fintech News Desk
by Fintech News Desk0
The report found that by 2025, instant payments and e-money payments will account for more than 25% of global non-cash transactions, up from 14.5% in 2020 Payments are entering a new experience-driven era (Payments 4.X), ushered in by an accelerated transformation timeline due to COVID-19 and the growing digital appetite......
The Case for the Adoption of Blockchain by Legacy Banks
Banking Blockchain Guest Posts Insights

The Case for the Adoption of Blockchain by Legacy Banks

Sushil Prabhu
by Sushil Prabhu0
As with many other industries, COVID-19 has exposed the need for a digital transformation in the legacy banking industry. Customers are demanding convenience and streamlined customer service that are not encumbered by the government-regulated constraints of legacy banks.  Several fintech categories such as Peer-to-Peer (P2P) transaction platforms and neobanks have......
GBB Joins 40% of the UK’s New Banks that Run on Mambu
Banking Fintech News

GBB Joins 40% of the UK’s New Banks that Run on Mambu

Fintech News Desk
by Fintech News Desk0
GBB, a new British bank focused on property and development finance, has chosen SaaS cloud banking platform Mambu to power its ground-breaking digital offering Founded to get Britain building, GBB will be a dedicated lender to SME property developers in the most underserved regions of the UK. Currently only around......
2021 Technology Survey: Tracking Spending and Strategy at America’s Banks
Banking Fintech News

2021 Technology Survey: Tracking Spending and Strategy at America’s Banks

Fintech News Desk
by Fintech News Desk0
Just Released! Bank Director’s Survey Explores Rising Technology Budgets, the Competitive Landscape and Digital Evolution Community bank leaders report that they’re spending more on technology in 2021, in response to the global Covid-19 pandemic as well as rising competitive pressures from big banks, technology companies and emerging startups. Banks increased......
ForwardAI
Fintech News

ForwardAI Announces PreciseMatch, an Intelligent Transaction Mapping Technology That Validates the Integrity of Accounting Data for Banks, Fintechs and Lenders

Fintech News Desk
by Fintech News Desk0
Utilizing Accounting and Banking Data, PreciseMatch Improves Confidence in Small Business Underwriting ForwardAI, a fintech providing aggregated access to business & accounting data and analysis, introduced PreciseMatch™, an intelligent transaction mapping technology that automatically cross-validates accounting systems with synced banking accounts, allowing for smarter, more efficient small business lending decisions.......
Two In Three Banks Expect To Lose Market Share Unless They Embrace Digitisation
Banking Cloud Digital Mobile Banking News

Two In Three Banks Expect To Lose Market Share Unless They Embrace Digitisation

Fintech News Desk
by Fintech News Desk0
New report by The Financial Times Focus and Mambu shows banks must redesign their role in society to avoid extinction More than two thirds (67%) of banks think they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking......
Leading Global Technology Group GLORY to Become Cornerstone Investor in UK-based Shared Bank Branch Innovator OneBanks
Banking Fintech News

Leading Global Technology Group GLORY to Become Cornerstone Investor in UK-based Shared Bank Branch Innovator OneBanks

Fintech News Desk
by Fintech News Desk0
Glory invests in OneBanks to acquire a significant minority stake Investment will underpin OneBanks’ ambitions to play a leading role in the delivery of everyday banking services in the UK Javed Anjum to join OneBanks’ Board of Directors as designated representative of Glory Jonathan Hughes to become Executive Chairman of......
Fusion Phoenix is the Open Core Of Choice To Empower Us Financial Institutions Beyond Traditional Banking Models
Banking Fintech News

Fusion Phoenix is the Open Core Of Choice To Empower Us Financial Institutions Beyond Traditional Banking Models

Fintech News Desk
by Fintech News Desk0
Finastra signs 25 financial institutions to its Fusion Phoenix core banking platform in the past year Finastra announced that it has signed 25 financial institutions to its Fusion Phoenix core banking platform during its 2021 fiscal year (ending May 31, 2021). These institutions include a mix of banks and credit unions that have selected the......
Cover Genius
Banking Digital Fintech News

New Research Reveals 71% of Digital Bank Customers, 64% of Traditional Bank Customers and 73% of Fintech App Customers

Fintech News Desk
by Fintech News Desk0
Data shows consumers are more compelled by contextual and convenient insurance & warranty offerings from their banks A recent survey of 527 bank customers in the United Kingdom from Momentive.ai (the research company of SurveyMonkey), commissioned by Cover Genius, sought to understand how customers of banks, neobanks and other fintech apps would react......
NXTsoft and Upstart Partner to Streamline Delivery of AI-Based Lending Platform to Banks and Credit Unions
Fintech News

NXTsoft and Upstart Partner to Streamline Delivery of AI-Based Lending Platform to Banks and Credit Unions

Fintech News Desk
by Fintech News Desk0
NXTsoft, the market leader in secure, comprehensive and complete API connectivity, and Upstart, a leading AI lending platform provider, announced a partnership that will enable Upstart to more efficiently implement its all-digital AI lending platform to any U.S.-based financial institution. Upstart’s AI model leverages over 1,000 variables and advanced machine......
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