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...
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Neobanks in France: the unstoppable rise of banking contenders
Ever more numerous, neobanks have imposed their digital model in France. Mohamed Dabo reports on a booming sector The story…
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US lenders BancorpSouth Bank, Cadence to combine operations
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 Ualá to acquire digital lender Wilobank
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 taps IBM to fuel digital transformation
Abu Dhabi Islamic Bank (ADIB) has collaborated with IBM to expedite its transition to a digitally-led Islamic bank. As agreed,…
Australia’s MyLife MyFinance goes live with Temenos SaaS
Australian bank MyLife MyFinance has completed its digital transformation and went live with the Temenos SaaS platform. A front-to-back digital…
French startup Vybe secures investment to build bank for teens
Fintech Vybe, which plans to set up a challenger bank targeted at teens, has reportedly received $2.9m financing. The fundraising…
Covid-19 fallout: DBS to reduce office space in Singapore
Singapore’s DBS Group is reportedly set to reduce its office space in the city state driven by the impact of…
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View MoreUS banks and the cannabis conundrum
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…
CBA’s push into BNPL is unlikely to force Afterpay out of the market
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…
Supermarkets like M&S are unlikely to make good banks now or ever
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…
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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…
Juvo introduces FiDaaS platform for underbanked people
American financial identity provider Juvo has introduced a new ‘Financial Identity-as-a-Service (FiDaaS)’ platform to give 3.9 billion underbanked people access…
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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,…