Articles with tag: retail banking

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Bendigo Bank, Tyro Payments partner for merchant acquiring alliance

20 Oct 2020 | Payments General

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

29 Sep 2020 | Payments General

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

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

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

03 Sep 2020 | Payments General

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

02 Sep 2020 | Digital Identity, Security & Online Fraud

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

17 Aug 2020 | Digital Identity, Security & Online Fraud

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

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