UOB Q1 2021 net profit rises 18% to S$1.0bn
UOB Q1 2021 net profit rises by 18% year-on-year to a shade over S$1.0bn ($748.4m). On a quarter-on-quarter basis, the net profit is ahead by 46%. Moreover, income rises by...
Virgin Money returns to profit as bad loans fall
Virgin Money said its first-half underlying profit before tax more than doubled to £245m (H1 2020: £120m), as the company...
Cognitec supports real-time person alerts and searches in video
The video screening and analytics technology from Cognitec, FaceVACS-VideoScan, allows users to perform complex searches and analyses on persons appearing...
Chime might talk like a bank but it doesn’t walk like one, says regulator
Chime may have made a name for itself as one of the world's leading neobanks, but now it will have...
Citi considers jumping on the crypto bandwagon
US bank Citigroup is looking into the possibility of providing cryptocurreny-related services as demand for digital assets continues to grow....
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The 10 most mentioned themes in 2020
The 10 most mentioned disruptive banking and payments industry themes in company filings in 2021 (Source: GlobalData)
| Theme | Mentions |
|---|---|
| Regulation | 3,876 |
| M&A | 3,763 |
| Sustainability | 3,232 |
| Mobile Payments | 1,907 |
| Fintech | 1,115 |
| Demographics | 926 |
| Online payments | 834 |
| User Experience | 831 |
| Strategic Partnerships | 566 |
| Personalisation | 493 |
Latest News
Commerzbank reaches agreement with labour representatives on redundancies
Commerzbank has struck an agreement with employee representatives on a retrenchment exercise that will affect thousands of employees. The agreement…
First Citizens National Bank taps Diebold Nixdorf for self-service options
Tennessee’s First Citizens National Bank is turning to technology firm Diebold Nixdorf for cloud-enabled self-service options in all 26 of…
Banco BPM to accelerate bad loan clean-up to boost merger chances
After posting a strong first quarter result, Italian retail banking company Banco BPM is looking to fast-track disposal of bad…
Tink and Tribe forge open banking partnership
PayPal-backed Tink has joined forces with paytech Tribe have joined forces on open banking technology. The tie-up allows the integration of…
Latest Themes
Greece’s Eurobank taps Temenos to help boost its wealth management
Eurobank in Greece has selected Temenos Wealth to strengthen its position in wealth management and affluent segment services. Eurobank, the third largest bank in Greece,...
ThetaRay’s AML solution for cross-border payments now cloud-based
ThetaRay’s, AML (Anti-Money Laundering) for Cross-Border Payments solution is now available as a cloud-based service. ThetaRay says that its cloud-agnostic offering protects banks, fintechs, PSPs...
The role of technology in accelerating through change
The world is facing a long road to recovery from the Covid-19 pandemic. At the same time, financial institutions are facing increasing competitive pressure from...
Quantum computers, here but not here – what businesses need to know
The future may see us living on Mars, paying for everything with crypto, and relaxing or working as we travel effortlessly about in our driverless...
TD Bank uses AI to personalise mobile banking app
During the pandemic, Canada’s top banks have been using AI to support their customers and provide them with financial advice. Imran Khan, TD’s global head...
Cloud Computing in Banking: Challenges
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...
Optimism over global economic recovery hits a low as May ends: Poll analysis
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’s DBS Bank selects Exiger solution to combat financial crimes
Singapore-headquartered DBS Bank has collaborated with Exiger to deploy an AI-powered due diligence solution to prevent financial crimes. The lender has selected Exiger-designed DDIQ which...
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Expert Commentary & Analysis
View MoreThe UK should prepare for a revival of ‘small banks’
While the current market is dominated by large incumbent players, new attitudes to regulation for smaller banks are likely to create more significant opportunity in the market for new and…
Why are banks favouring wealth management over retail?
Following HSBC’s announcement in late February that it intends to wind up its retail banking operations in the US and France, Citibank has come out with a similar strategy in…
Banks have a golden opportunity to gain over Citi’s market retreat
Banks that consider buying out Citibank in any of the 13 markets Citi is leaving should look to take on what Citi did best: affluent clients and high users of consumer credit. Over the course of the…
Covid-19 has increased the adoption of online banking
Retail banks face growing challenges during the pandemic as online banking has become the only way to operate. The past 12 months have been challenging for the banking sector, as…