Articles with tag: disruption

Found 6 results in 268 milliseconds.

UK digital banking surge fuelled by Brexit and pandemic

News | Online & Mobile Banking | 02 Oct 2020

Digital banking has experienced an unprecedented surge since Brexit and the pandemic, according to deVere Group staff cited by FinTech Magazine.

UK, digital banking, Brexit, pandemic, online banking, surge, deVere Group, cashless banking, post-Brexit, climate change, pandemic, challenger bank apps, digital banking apps, currency changes, money transfer, deposits, disruption

Open Banking reaches 2 mln UK-based users

News | Online & Mobile Banking | 28 Sep 2020

The Open Banking Implementation Entity (OBIE) has reported that after six months since the 1 million user milestone has been reached, the UK user base increased to 2 million.

Open Banking, UK, United Kingdom, Open Banking Implementation Entity, OBIE, disruption, covid-19, fintech, ecosystem, lockdown, online banking apps, open banking adoption, CMA9, banks, Starling Bank, Monzo, money management apps, account aggregation, use cases, NatWest, Nutmeg, bank transfers, open banking payments, sort codes, account numbers

World Bank approves USD 750 mln loan for India-based MSMEs

News | E-invoicing, SCF & E-procurement | 08 Jul 2020

The World Bank has approved a loan of USD 750 million to help increase the flow of finance into the hands of MSMEs in India.

World Bank, loan, MSME, India, MSMEs, coronavirus, pandemic, economic shutdown, liquidity, credit requirements, supply chain disruption

TymeBank, the first digital-only bank in South Africa

Voice of the Industry | Expert Opinion | 10 Sep 2019

A new approach to banking required stringent compliance, the ability to juggle stakeholders and a robust and flexible technology platform

TymeBank, bank, digital-only bank, South African bank, banking technology, disruption, BPC, case study

IT failures hit British banks daily, halting payments

News | Digital Identity, Security & Online Fraud | 04 Mar 2019

Which? Money has unveiled that UK banks are being hit by IT or security failures that prevent customers from making payments at an average rate of more than once a day.

banks, payments, UK, study, Financial Conduct Authority, IT systems, outages, online banking, mobile banking, service disruption

Bank of England: Banks should pay attention to fintech threat

News | Online & Mobile Banking | 30 Nov 2017

According to the Bank of England, big banks’ profits and risk profiles may be under threat from disruptive fintech firms.

Bank of England, banks, fintech, banking disruption, online banking, open banking