Search Results for: big banks

Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January
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Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to the latest Biz2Credit Small Business Lending Index™ released today. In comparison, one year ago in January 2020, big banks approved a record high......
PAAY and Bluefin Join Forces to Dramatically Advance Remote Commerce Security
Fintech Mobile Banking News

New Report by Boston Consulting Group: Retail Banks Face the Urgent Need to Retool Offerings and Strategies

Fintech News Desk
by Fintech News Desk0
As More Customers Go Digital amid the Pandemic, Banks Must Accelerate Digitization Efforts to Serve Customers Better and Realign Costs, Says a New Report by Boston Consulting Group Although retail banks globally have reacted to the COVID-19 crisis with speed, dexterity, and purpose—while remaining true to their environmental, social, and......
Minna Technologies Raises €15.5m to Help Retail Banks Enable Their Subscription Management Offering
Banking Fintech Fintech Funding News

Minna Technologies Raises €15.5m to Help Retail Banks Enable Their Subscription Management Offering

Fintech News Desk
by Fintech News Desk0
Minna’s technology empowers bank customers to take control, manage and switch personal subscriptions within their banking app The software tool dramatically improves the digital banking experience and customer engagement for 20 million users The subscription economy is on the rise: people are spending on average £301 (€333) month on 11......
Wolters Kluwer FRR and Risk.net Survey Identifies Risktech Innovation as Key to Banks’ Competitive Edge
Fintech News Risk Management

Wolters Kluwer FRR and Risk.net Survey Identifies Risktech Innovation as Key to Banks’ Competitive Edge

Fintech News Desk
by Fintech News Desk0
More than 80% of risk professionals view risk technology (risktech) innovation as imperative to their banks’ competitive edge, with tech spend being directed towards effectiveness rather than cost reduction. That’s according to a new survey and white paper, “Sharpening risktech’s cutting edge: Maximising value from risktech investment”, published by Wolters Kluwer’s Finance,......
OCC Adopts Final Rule Requiring Large Banks to Provide Fair Access to Banking Services
Fintech News

OCC Adopts Final Rule Requiring Large Banks to Provide Fair Access to Banking Services

Fintech News Desk
by Fintech News Desk0
The National ATM Council, Inc. (“NAC”), the U.S. trade association representing the Independent/Retail ATM industry, commends the Office of the Comptroller of the Currency (OCC) for adopting a new federal rule aimed at ensuring the provision of fair access to banking services by large national banks, federal savings associations, and......
BigBrainbank Disrupts Financial Brokerage Trading Ecosystem With Digital Bank Initiative
Banking Fintech News

BigBrainbank Disrupts Financial Brokerage Trading Ecosystem With Digital Bank Initiative

Fintech News Desk
by Fintech News Desk0
BigBrainBank has stepped up a notch with the impending launch of BigBrainBank Digital Bank in the first quarter of 2021. Following the success of TheBrain AI Trade Strategies app which provides trade ideas based on artificial intelligence and machine learning, BigBrainBank steers the brand forward to provide integrated support across......
Mauritius Commercial Bank Launches Backbase-Built Sme Banking Platform and Mobile App
Banking Fintech Mobile Banking News

Backbase Opens Global Development Center to Accelerate Digital Transformation for Banks

Fintech News Desk
by Fintech News Desk0
Opening of a new Backbase Development Center in Krakow, Poland,  provides Financial institutions instant innovation power by having access to top engineering talent at scale.  Backbase, the Engagement Banking platform provider, today announced the opening of its new Global Development Center (BDC) in Krakow, Poland. The new BDC will enable......
ThetaRay's Correspondent Banking AML Solution to Enable Cecabank to Safely Connect Small/Medium-sized Banks to the Global Financial System
Artificial Intelligence Banking Big Data Fintech News Risk Management

ThetaRay’s Correspondent Banking AML Solution to Enable Cecabank to Safely Connect Small/Medium-sized Banks to the Global Financial System

Fintech News Desk
by Fintech News Desk0
AI-Based Platform Eliminates Money Laundering and Terrorism Financing Risk by Providing Full Visibility into Cross-Border Transaction Path ThetaRay, a leading provider of AI-based Big Data analytics, announced that its Anti-Money Laundering (AML) for Correspondent Banking solution has been chosen by Spanish wholesale bank Cecabank. The AI-based technology will enable Cecabank......
Altimetrik Launches Digital Lending Platform for Mid-Tier Banks
Banking Business Fintech News

Altimetrik Launches Digital Lending Platform for Mid-Tier Banks

Fintech News Desk
by Fintech News Desk0
New financial services platform is among the first few point solutions developed and launched by Altimetrik as it builds digital business enablement products Online lending has surged in each of the last several years even though satisfaction among online borrowers is far lower than those taking loans from traditional banks. This opportunity......
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