Articles with tag: retail banking

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HSBC launches Open Payments service

News | Online Payments | 27 Nov 2020

HSBC has launched HSBC Open Payments, enabling businesses to offer customers an alternative to debit or credit cards for online payments.

HSBC, open payments, banking, online payments, UK, retail banking

Banks go digital, reduce physical branches opening hours, report

News | Online & Mobile Banking | 02 Nov 2020

Deloitte has released a report covering the digitalisation process of 318 banks from 39 countries called DBM - Digital Banking Maturity.

Deloitte, banks, report, branches, digitalisation, DBM, Digital Banking Maturity, digital banking, online banking, retail banking, UX

Open Banking platform Tarabut Gateway expands in the UAE

News | Online & Mobile Banking | 28 Oct 2020

Bahrain-based Tarabut Gateway, one of MENA region’s regulated open banking platform, has launched in the UAE, opening two new offices.

Tarabut Gateway, expansion, open banking, UAE, MENA, API, retail banking

Bendigo Bank, Tyro Payments partner for merchant acquiring alliance

News | Payments General | 20 Oct 2020

Australia-based retail banking company Bendigo Bank has partnered with payments solutions provider Tyro Payments to form a merchant acquiring alliance.

Bendigo Bank, Tyro Payments, merchant acquiring, alliance, partnership, Australia, retail banking, payments solutions, SME, banks, small business, co-branded, EFTPOS, ecommerce

OneBanks, Nuapay announce global partnership

News | Payments General | 29 Sep 2020

OneBanks has announced a global partnership with open banking company Nuapay, a Sentenial company, aiming to bring back banking with humans and enable financial inclusion for all.

online mobile banking, retail banking, cash, card, contactless, mobile, digital, OneBanks, Nuapay, open banking, UK

Bank of Georgia secures USD 50 mln trade finance facility with Citi

News | E-invoicing, SCF & E-procurement | 18 Sep 2020

Bank of Georgia has signed a USD 50 million one-year trade finance facility with US-based bank Citigroup.

Bank of Georgia, Citi, trade finance, facility, Citigroup, bank, reimbursement, trade advances, retail banking, payment services, corporate banking, investment banking, wealth management, trade finance solutions

US-based banks face losses as personal loans decline continues

News | Payments General | 03 Sep 2020

Data and analytics company GlobalData has observed that US-based banks continue to face severe loses as they experience low net interest margins and falling fee income. 

US, banks, losses, personal loans, net interest margins, fee income, covid, consumer spending, credit card loans, retail banking, liquidity, low credit rates

Alpha Bank selects Cambrist for compliance solutions

News | Digital Identity, Security & Online Fraud | 02 Sep 2020

Cambrist, an Ireland-based fintech company, has launched its fxNOTIFY compliance solution with Alpha Bank in Greece.

Cambrist, fxNOTIFY, Alpha Bank, retail banking, SMEs, corporate banking, asset management, private banking, insurance products, investment banking, brokerage, cross border payments, compliance, Greece

SentryBay reveals new solution to protect online retail banking from malware

News | Digital Identity, Security & Online Fraud | 17 Aug 2020

SentryBay has revealed it is launching BankSafe, which is meant to bring the same level of patented enterprise malware protection to online retail banking customers.

SentryBay, online retail banking, BankSafe, cybersecurity, banks, data theft, ecommerce transactions, security, phishing, ransomware

Tonik Financial secures USD 21 mln in Series A funding

News | Online & Mobile Banking | 15 Jun 2020

Tonik Financial has raised USD 21 million in its Series A round and will be using the funds to start its digital bank services in the Philippines. 

Phillippine, digital bank, digital, banks, Tonik Financial, Sequoia India, Point72 Ventures, Insignia, Credence, banking, banking licence, startups, retail, retail banking, loans, payments, cards

57 percent of consumers choose internet banking amid Covid-19, report

News | Online & Mobile Banking | 12 Jun 2020

Capgemini and Efma have released the World Retail Banking Report 2020, showcasing that retail banks are pressured to transform as new entrants gain consumer preference. 

Capgemini, Efma, World Retail Banking Report 2020, covid-19, pandemic, internet banking, digital banking, retail banks, banking mobile apps

EastWest launches its digital banking service, Komo

News | Online & Mobile Banking | 25 May 2020

Philippines-based EastWest Bank has launched Komo, a fully digital bank, adopting its retail banking strategy to the present times.

EastWest, Komo, Philippines, digital banks, retail banking, EastWest Rural Bank, banks, Digital Savings Account, Bangko Sentral Pilipinas, BSP

Tinkoff rolls out CoronaIndex to track business activity in Russia during the pandemic

News | Payments General | 25 May 2020

Tinkoff ecosystem has released Tinkoff CoronaIndex demonstrating how the pandemic and restrictions affected Russia’s business activity in 2020.

Tinkoff CoronaIndex, study, Covid-19, travelling, households, index, retail banking, spending, Russia, commerce

BTG Pactual delays the launch of consumer banking platform

News | Payments General | 13 May 2020

Brazil-based bank BTG Pactual has announced delaying the launch of its new consumer banking platform by three to four months due to the coronavirus pandemic.

Brazil, BTG Pactual, retail, retail banking, banking, COVID-19, coronavirus, banks, credit cards, debit cards, cards

TONIK, V-Key to boost digital banking service in the Philippines

News | Online & Mobile Banking | 06 May 2020

Philippines-based digital bank TONIK has partnered with Singapore-based V-Key to provide a mobile retail banking platform for its new customers in Philippines.

TONIK, V-Key, digital bank, neobank, mobile banking, retail banking, malware, MITM attacks, tampering, fraud

Retail banks face customer dissatisfaction because of digital-only engagement shift

News | Online & Mobile Banking | 05 May 2020

US-based data analytics and consumer intelligence company J.D Power has released a study showing how the COVID-19 pandemic affects retail banking customers’ satisfaction.

retail banking, digital banking, JD Power, covid19, pandemic, customer satisfaction, branch service, digital service, personal banking, customer experience, mobile banking, online banking, big banks, midsize banks, regional banks, big 62 banks, Zelle, Apple Pay, PayPal, Venmo

COVID-19 impact on Saudi Arabian banks might last up to nine months – KPMG study

News | E-invoicing, SCF & E-procurement | 28 Apr 2020

A report released by KPMG Saudi Arabia has revealed the impact COVID-19 has on the banking sector and the potential countermeasures to cope with the new normal.

bank, digital transformation, COVID-19, coronavirus, KPMG, report, banking, SMEs, retail banking, credit card, mortgage, liquidity, cyber risk, SAMA

Metro Bank has to repay over EUR 12.9 mln to customers

News | E-invoicing, SCF & E-procurement | 22 Apr 2020

The Competition and Markets Authority (CMA) has ordered Metro Bank to repay EUR 12.9 million to customers it overcharged.

Metro Bank, Competition and Market Authority, overcharge, Retail Banking Market Investigation Order

Banking industry puts forward its vision for future-driven EU payments market

News | Payments General | 01 Apr 2020

European Banking Federation (EBF), European Association of Co-operative Banks (EACB) and the European Savings and Retail Banking Group (ESBG) – have issued a new publication that provides a vision of how the EU retail payments framework can move forward. 

European Banking Federation, European Association of Co-operative Banks, European Savings and Retail Banking Group, payments, Europe, retail payments, instant payments, innovation

Banking fees getting squeezed and Hong Kong among the top markets impacted

News | Payments General | 11 Mar 2020

Accenture has released a global report detailing the impact of increased competition and regulation on banking fees, with Hong Kong as one of the markets that were studied.

Accenture, study, banking, fees, account opening, retail banking,