VTB, Russia’s second largest bank, goes digital
VTB says that its digital transformation strategy will be achieved by the end of Q1 2022. This is way ahead of schedule, due to the acceleration of digital as a...
VTB says that its digital transformation strategy will be achieved by the end of Q1 2022. This is way ahead of schedule, due to the acceleration of digital as a...
Ever more numerous, neobanks have imposed their digital model in France. Mohamed Dabo reports on a booming sector The story…
Houston, Texas-based Cadence, the parent of Cadence Bank, has agreed to merge with Tupelo, Mississippi-based BancorpSouth Bank (BXS). The combined group will be the fifth largest…
Argentine fintech company Ualá has reportedly agreed to acquire the country’s first digital lender Wilobank. The move was reported by Bloomberg quoting sources with direct…
Abu Dhabi Islamic Bank (ADIB) has collaborated with IBM to expedite its transition to a digitally-led Islamic bank. As agreed,…
Australian bank MyLife MyFinance has completed its digital transformation and went live with the Temenos SaaS platform. A front-to-back digital…
Fintech Vybe, which plans to set up a challenger bank targeted at teens, has reportedly received $2.9m financing. The fundraising…
Singapore’s DBS Group is reportedly set to reduce its office space in the city state driven by the impact of…
The federal stance on marijuana as a controlled substance and lack of regulatory guidance have left US banks in a limbo. Mohamed Dabo report on a court case that sheds…
While CommBank’s (CBA) low-merchant-fee buy now, pay later (BNPL) product will put pressure on Afterpay’s business model, CBA’s less flexible terms to consumers mean it is unlikely to threaten Afterpay’s…
With the rise of challenger banks like Monzo, a lack of customer enthusiasm, and retail shopping brands needing their own transformation programme, now is not a good time for supermarkets…
The banking industry has been relatively slow to adopt cloud computing compared with other industries. This comes out of a fear regarding potential cybersecurity failings…
The global economic growth in 2020 has been eclipsed since the Covid-19 pandemic outbreak causing fears of looming unemployment and recession in a number of…
Singapore-headquartered DBS Bank has collaborated with Exiger to deploy an AI-powered due diligence solution to prevent financial crimes. The lender…
American financial identity provider Juvo has introduced a new ‘Financial Identity-as-a-Service (FiDaaS)’ platform to give 3.9 billion underbanked people access…
N26’s internal employee struggles suggest a bank lost at sea
Despite an urge to outgrow its digital rival Revolut, a significant loss in N26’s workforce suggests growing discontent with the current management and their strategy. For most of N26’s history,…