Search Results for: big banks

Demystifying AI for AML: European Banking Federation and SAS Help Banks Worldwide Fight Financial Crime
Banking Fintech News

Demystifying AI for AML: European Banking Federation and SAS Help Banks Worldwide Fight Financial Crime

Fintech News Desk
by Fintech News Desk0
Pre-registration for the knowledge partners’ AML Masterclass series exploring advanced analytics for AML compliance is open now The United Nations Office on Drugs and Crime estimates that US$800 billion to $2 trillion is laundered through worldwide financial systems each year. That’s an astonishing 2-5% of global GDP. The European Banking Federation (EBF) – uniting......
World’s Banks Accelerate Shift to Digital After COVID-19
Banking Digital Mobile Banking News

World’s Banks Accelerate Shift to Digital After COVID-19

Fintech News Desk
by Fintech News Desk0
Digital technology highlighted as key to meeting new decarbonization targets as Atos launches new Digital Vision: Digital Banking paper Banks are rapidly accelerating their shift to digital channels as they seek to reinvent their business models in response to the COVID-19 pandemic, a new paper from Atos reveals. Incumbent banks......
World's Banks Accelerate Shift to Digital After COVID-19
Banking Digital Fintech Mobile Banking News

World’s Banks Accelerate Shift to Digital After COVID-19

Fintech News Desk
by Fintech News Desk0
Digital technology highlighted as key to meeting new decarbonization targets as Atos launches new Digital Vision: Digital Banking paper Banks are rapidly accelerating their shift to digital channels as they seek to reinvent their business models in response to the COVID-19 pandemic, a new paper from Atos reveals. Incumbent banks......
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......
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......
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......
Biz2Credit Small Business Lending Index  for August Finds Loan Approval Rates Rise at Banks and at Non-Bank Lenders
Business Finance News

Biz2Credit Small Business Lending Index  for August Finds Loan Approval Rates Rise at Banks and at Non-Bank Lenders

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) jumped from 13.8% in July 2021 to 13.9% in August, up by three-tenths of a percentage from one year ago. Meanwhile, small banks’ approvals also rose from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Small Business  “Small businesses are again borrowing to improve......
Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July
Banking News

Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) jumped from 13.6% in June 2021 to 13.8% in July, the same percentage as a year ago. Meanwhile, small banks’ approvals also rose from 18.9% in June to 19.1% in July, according to the latest Biz2Credit Small Business Lending Index released today. The approval percentage at small banks is......
Florida Community Banks Partner with Jack Henry to Meet Growing Market Needs
Banking Digital Fintech Mobile Banking News

Florida Community Banks Partner with Jack Henry to Meet Growing Market Needs

Fintech News Desk
by Fintech News Desk0
One Florida Bank and Gulfside Bank provide communities with local support backed by innovative, full-service digital solutions Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that Orlando, Fla.-based One Florida Bank and Sarasota, Fla.-based......
Banks to Move Online and Form Customer-Centric Digital Ecosystems Within Five Years, Finds Economist Intelligence Unit Report for Temenos
Banking Digital News

Banks to Move Online and Form Customer-Centric Digital Ecosystems Within Five Years, Finds Economist Intelligence Unit Report for Temenos

Fintech News Desk
by Fintech News Desk0
Almost two thirds (65%) of global banking executives believe that the branch-based model will be “dead” within five years, up from 35% four years ago The same proportion (65%) of bankers see new technologies as the biggest driver of change for the next four years, up from 42% three years......
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