Non-bank competitors

632 articles tagged with this keyword

/cloud

Electrifying cloud migration with strategy and security

The cloud can power innovation for financial institutions. As reported by McKinsey, 70% of banks are reviewing their core banking platforms and are beginning to leverage the potential that cloud-native services can deliver, as well as the offerings provided by technology vendors.

/cloud

How the cloud adds value to open banking business models and strategy

While open banking was initially regarded by many as a typical compliance exercise, following the implementation of the Second Payments Services Directive (PSD2), banks are now shifting gears and going beyond the regulatory requirements by leveraging the benefits of open APIs to cater to customer needs and innovate open banking business models.

/Non-bank competitors

Digital Transformation Accelerated

710 downloads

/devops

WEF executive: Traditional finance business model no longer working

Simon Torrance, senior adviser at corporate innovation firm, Rainmaking, claims that the traditional financial services business model is no longer working.

/retail

Sibos 2020: Big Tech companies are not looking to get into financial services – Jesse McWaters

Jesse McWaters, Mastercard’s vice president of global digital public policy, believes the way people think about Big Tech companies entering financial services are mistaken.

/crypto

EU proposes first set of rules for crypto assets

The European Union has taken a major step forward in its bid to regulate the crypto assets world after its executive branch issued its most extensive proposals to date for supervising the growing sector.

/regulation

Why Railsbank wants to make lemonade from the Wirecard fiasco

Could the purchase of Wirecard Card Solutions (WCS) by Railsbank be the perfect opportunity to drive regulatory change? Railsbank founder and CEO Nigel Verdon thinks so, but stability must come first.

/startups

UK's Tech Nation announces latest fintech cohort

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.

/regulation

Bank of Thailand issues new rules for digital loans

Thailand's central bank has published new measures for the growing digital personal loan market that will allow lenders to use a wider range of alternative data sources when making credit decisions.

/covid-19

German fintech Monedo files for bankruptcy

A German fintech once backed by PayPal investor Peter Thiel, has filed for bankruptcy after failing to recover from the economic effects of the Coronavirus pandemic.

/Non-bank competitors

The Future of Fintech 2020

959 downloads

/sustainable

Alipay Ant Forest, the catalyst for enabling citizen action towards carbon reduction

According to the Green Digital Finance Alliance (GDFA), by introducing nudging and incentives on digital platforms, there is potential for substantial behavioural change among digitally-savvy consumers. This can act as a springboard for scalable global climate change mitigation and reduce 8.6% of emissions from public transport.

/retail

Ant Group plans consumer finance firm

Fintech giant Ant Group is planning to set up a consumer finance company that will offer Chinese people online loans, according to reports.

/retail

AmEx agrees Kabbage acquisition

American Express has struck a deal to acquire the team and technology of online small business lender Kabbage. Financial terms were not disclosed.

/startups

Drawing up the correlation between the evolution of the fintech ecosystem and Covid-19

How important is fintech in perpetuating and augmenting financial inclusion in emerging markets? Matthew Blake, head of financial services and member of the executive committee at the World Economic Forum believes that the fintech sector’s role in banking the unbanked and underserved is vital.

/retail

AmEx eyes $850m Kabbage acquisition - Bloomberg

American Express is in talks to buy online small business lender Kabbage for up to $850 million in cash, including retention payments, according to Bloomberg.