Articles with tag: retail banking

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Tonik Financial secures USD 21 mln in Series A funding

15 Jun 2020 | Online & Mobile Banking

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

12 Jun 2020 | Online & Mobile Banking

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

25 May 2020 | Online & Mobile Banking

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

25 May 2020 | Payments General

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

13 May 2020 | Payments General

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

06 May 2020 | Online & Mobile Banking

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

05 May 2020 | Online & Mobile Banking

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

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

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

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

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

01 Apr 2020 | Payments General

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

11 Mar 2020 | Payments General

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,

Finastra customers to access conversational AI retail banking app via FusionFabric.cloud

05 Mar 2020 | Payments General

Finastra customers have been enabled to access Active.Ai’s conversational AI retail banking app via the FusionStore.

Finastra, financial software, chat bots, banking, fintech, Active.Ai, US, retail banking, FusionStore, cloud

Revolut launches Open Banking feature

11 Feb 2020 | Online & Mobile Banking

UK-based digital banking challenger bank Revolut has launched Open Banking for all of its retail and business customers.

Revolut, bank, chellenger, challenger bank, digital bank, online bank, open banking, PSD2, retail banking, corporate banking, UK, United Kingdom

China drafts rules to cover online-only banking operations

14 Jan 2020 | Payments General

China is working to finalise its first rules to cover online-only banking operations in a push to minimise risk in the financial sector and attract players including foreign lenders, according to Reuters.

China, online banking, retail banking, fintech, Citigroup, HSBC Holdings, Standard Chartered, Alibaba, Tencent, banking

Standard Chartered rolls out public portal for cross-border payments tracking

07 Jan 2020 | Payments General

UK-based bank Standard Chartered has launched SC GPI Track, a public portal that offers tracing of cross-border payments cleared through the Bank’s clearing centres.

Standard Chartered, SC GPI Track, bank, corporate banking, retail banking, cross-border payments tracking, cross-border payments, UK, Europe, SWIFT, gpi payments

Interview with Form3 on Open Banking, instant payments, and changing the traditional retail banking model

22 Oct 2019 | Online & Mobile Banking

Open Banking Report 2019 The Paypers has sat with Jolanda Schekermans from Form3 to delve into topics such as Open Banking, instant payments, and changing the traditional retail banking model

Open Banking, instant payments, traditional retail banking, fintech, cloud, Form3

DPR and ClearBank complete partnership

11 Oct 2019 | Payments General

Core banking technology provider DPR has announced the completion of its partnership with UK-based ClearBank.

API, banking, Business-to-Business/B2B, core banking, corporate & commercial banking, digital, mobile, Open Banking, outsourcing, partnerships, retail banking, SMEs, ClearBank, DPR, fintech

Russian Bank VTB selects Effortel to develop mobile banking solutions

10 Oct 2019 | Online & Mobile Banking

Effortel (MVNO), a mobile virtual network operator, has been selected by Russia’s VTB Bank to develop and manage its mobile service offering VTB Mobile.

Effortel, MVNO, mobile virtual network operator, Russia, mobile banking, retail banking, digital payments, banking, VTB Bank

Salt Edge integrates with more than 400 Open Banking APIs

06 Sep 2019 | Payments General

Salt Edge has added another one hundred to the list of its connected Open Banking APIs in the EU, making it 400+ integrations.

Salt Edge, Open Banking, APIs, banking, data aggregation, retail banking

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

14 Aug 2019 | E-invoicing, SCF & E-procurement

Bank of Georgia Group has announced that its bank subsidiary, JSC Bank of Georgia, has signed a one-year USD 50 mln trade finance facility with Citi.

Bank of Georgia, trade finance facility, Citi, Citi Bank, bank subsidiary, trade finance, Georgia, Belarus, Europe, payments, retail banking, B2B payments