Banking

In this week’s article, we deep-dive into the rise of neobanks/digital banks that cater only to SMEs.

A perfect storm of lowered IT costs and changing consumer tastes are putting banks in the position to play the Facebook role, for once. With the right strategy, banking providers of all sizes can now claw mobile users and engagement away from non-bank financial apps and capture more customers and revenue in the process.

We analyzed online/virtual/digital banking initiatives/apps created by traditional banks worldwide.

Millennials constitute more than a quarter of the US population. That is why companies across industries turn their priority and attention to creating products that can cater to this significant group.

Several promising players now use AI to solve some of the major problems for customers in the banking and financial services industry.

A look at an exciting development in the neobanking space, one that is aimed at boosting the financial freedom of players in a conventionally underserved segment – small and medium enterprises, otherwise known as SMEs.

Banks are finding new growth opportunities through online and mobile channels, proving once more that consumers are increasingly attracted to the convenience and speed of mobile and online solutions.

With automated systems and digital processes embedded in almost every modern bank’s service offering, it is interesting to observe the many transformations that technologies like AI and Open banking have brought into the industry.

2016 has seen a shift in banking innovation and the payments space to accommodate the evolving consumer.

Payment Services Directive (PSD) is a European Union Directive, which provides a framework within which all the payment service providers must operate.

A new survey commissioned by personal finance comparison website finder.com and conducted by global research provider Pureprofile has found that young men are leading the way with using digital payment technology to transfer money.

Prove announces at Money20/20 Europe that its motion-based behavioral biometrics solutions are now available in 195 countries and help businesses make identity authentication easier and safer for users