Digital Banking + FinTech

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UBA Group deploys AI-powered callback technology for instant customer response

<b>United Bank of Africa Group, (UBA) is going above and beyond the legacy banking systems to omni channel marketing and social media lead generation,</b> …

Banking

The Pulse of Fintech – Q2 2017

The Pulse of Fintech: Q2’17<p>The Pulse of Fintech: Q1’17<p>The Pulse of Fintech Q4’16<p>Blog series covering topics related to venture capital investment …

Goldman Sachs thinks fintech has as much potential as trading

Goldman Sachs has been pilloried for lackluster results from its trading division (paywall), so this week the bank gave investors a peek into its plans (pdf) for making more money. Surprisingly, the Wall Street powerhouse thinks it can generate as much revenue from online consumer loans—a market …

FinTech

Big banks strike partnerships with technology companies as part of fintech wave

From rivals to allies, banks and disruptive internet majors in China are teaming up with each other in search of better synergy.<p>Bank of …

The disruptive forces shaping the future of financial services

Will innovation in financial services see banks successfully challenge the emerging models of small, smart fintechs? Will financial institutions …

FinTech

Tech titans such as Facebook 'bigger threat to banks than fintech'

Amazon, Google and Facebook pose a much bigger threat to banks than financial technology start-ups despite concerns the latter are luring customers away, the World Economic Forum has warned.<p>The fintech sector, said to be worth around £7bn in the UK, has been a key area of focus for Chancellor …

Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services | World Economic Forum

For years Fintech has been the hottest topic of discussion in financial services, with incumbents, regulators, and consumers all asking the same …

The Great Disruption: A FinTech Snapshot

New financial technologies are facilitating increasingly intricate flows of capital and are opening up a new era of economic growth. New markets, new …

FinTech

Preparing For Disruption: Fintech And The Fortune 500

If you think the biggest innovations in fintech come from startups, then in many cases, you’re probably right. Despite being larger and better funded, Fortune 500 financial companies often fall short of their small and scrappy competitors that bring to life the “less is more” concept – operating at …

FinTech

Skype billionaire Niklas Zennstrom and LocalGlobe back UK fintech startup Cleo and its Facebook AI chatbot for finance

The billionaire co-founder of Skype and one of the UK's top startup venture capital investors are backing a UK fintech behind a chatbot helping …

Startups

The most significant fintech acquisitions of 2017 so far

According to KPMG’s Pulse of Fintech report, fintech VC activity in Europe has hit a historically high level for successive quarters. In Q1 2017, …

Mergers & Acquisitions

Aviva and Founders Factory are betting on these five fintech startups for artificial intelligence, blockchain and virtual reality expertise

Aviva is betting on virtual reality, artificial intelligence and blockchain when it comes to technology.<p>The insurer has unveiled the first five …

Startups

Your local branch has gone and you don't like online banking. What are your options?

Boasting a steam railway, an annual regatta and a castle, the small seaside town of Dartmouth in Devon provides just the idyllic escape beloved of holidaying families or retired couples.<p>But following the closure of the town’s Lloyds branch in March, and its HSBC last year, the town’s ageing …

The story behind the world's first cashpoint

The world’s first cash machine landed on a north London high street 50 years ago this week, transforming everyday banking for millions of people all over the globe.<p>On June 27 1967 the cash machine, installed outside a Barclays branch in Enfield, north London, was unveiled. Customers who needed to …

Misys boss to lead fintech giant after merger with DH

The boss of banking software firm Misys is to take the helm of a new £1.7bn company called Finastra that has been formed from the British company's merger with Canadian rival DH Corp.<p>Nadeem Syed has been named chief executive of the giant fintech business, which is owned by Vista Equity Partners …

Barclays' Techstars Is Quietly Building A Fintech Empire

Since the dawn of fintech, London’s historic financial hub has been the beating heart of the scene’s niche ecosystem. But in a post-Brexit economy, …

FinTech

Bangkok Post

Fintech bill secures important backing<p>10 Jun 2017 at 09:05<p>Copy text Save PDF Email Print text<p>The Fintech Association (TFA) has thrown its support …

What We Can Expect From The Future Of Hong Kong's Fintech Scene

One of the buzzwords in the startup community for the last several years has been “fintech.” This hot topic covers a broad subject area but the actual meaning of the term is often not fully understood. What is clear is that Hong Kong remains one of the most prominent financial centers in the world …

FinTech

THE FINTECH PROFITABILITY REPORT: Why fintechs are struggling to turn a profit, and the hurdles they must overcome to see success

<i>This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.</i><p>Most fintechs, even the unicorns, aren't profitable.<p>Despite having innovative ideas and live products that are successfully disrupting the …

FinTech

The Explosive Impact of Block-Chain Technology

<b>The St. Petersburg International Economic Forum 2016 recognised blockchain as one of the ten most promising technologies globally, as it can</b> …

Nigeria occupies 7th place on PoS transactions in Africa

Technology | Technology<p>By Chike Onwuegbuchi | 07 April 2017 | 4:26 am<p>Nigeria occupies seventh position among African countries where the use of point …

Japan: Major bank Sumitomo developing biometric ID fintech software

MEGABANK Sumitomo Mitsui Financial Group has announced their research and development division is working on an identification verification software …

Lloyds Bank to shrink hundreds of branches in size

<b>Lloyds Bank has announced plans to shrink hundreds of its branches in size, in some cases boarding up the old counter sections.</b><p>The new "micro …

Want Mobile Banking Users? Eliminate the Login

Users will access their mobile and online banking accounts more frequently, even twice as often, if they don’t actually have to complete the login …

Mobile Banking

Say Goodbye to the Bank Teller

By Jemima Kelly<p>LONDON (Reuters) - Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three …

Will Fintech Startups Disrupt Banks?

Fintech has become a buzzword today, and lots of investors are happy to invest in startups which promise to disrupt the traditional banking industry. …

Wells Fargo says all its ATMs soon will take smartphone codes, not just cards

Wells Fargo plans to upgrade all 13,000 of its ATMs next week to enable customers to access their funds using their cellphones instead of traditional bank cards.<p>The announcement was made by Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday at an employee town hall in Orlando.<p>Although banks …

Banking

Australian banks lead world in digital race

Australian banks are outperforming their peers in North America and Europe as the transition to digital services rolls out but a new report has found …

3 Gaps in Banking That Fintech Firms Have Filled

Gone are the days when fintech and banks were seen competing against each other. No longer do we see gloom doom statements questioning the stability …