#Digital Banking


Experian: Why AI-Enabled Banking is the Key to Post-Pandemic Success

Https://thefintechtimes.com/experian-why-ai-enabled-banking-is-the-key-to-post-pandemic-success/. http://thefintechtimes.com/wp-content/uploads/2021/07/experian-143x150.jpg?#. Imagine a banking experience where your bank’s financial products and services are all specifically catered to your unique needs, tailored to your personal requirements and credit capacity. Or if you are an employee at a bank, picture being able to understand consumer risks and needs precisely, because the bank’s AI system has already predicted it. Not only would this make your job easier, but you can better protect everyday people against transaction fraud.
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Fidelity Bank Promotes 745 Staff Members

Seeking to increase staff morale while empowering them to work more efficiently, Fidelity Bank has announced the promotion of 745 employees following the performance review of two financial years – 2019 and 2020. A total of 461 staff members benefited from the FY 2019 promotion exercise, while 284 staff members...
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EconomyConcord Monitor

Business newsmakers

Susan C. Hammond and Laurie G. Lachance were both appointed to the Bangor Savings Bank’s Board of Trustees. Hammond and Lachance have joined the board in order to utilize their experience, and community ties. Todd C. Emmons. and Peter F. Imse have both been reappointed to the New Hampshire Health...
Elmira, NYcnybj.com

Five Star Bank gets regulatory approval for Elmira branch move

ELMIRA — Five Star Bank in late June received state regulatory approval for the planned relocation of its Elmira branch to 100 West Water St. from its current location at 150 Lake St. The New York State Department of Financial Services on June 22 granted approval to Five Star Bank...

Digital Transformation: 365.bank to Use Backbase Engagement Banking Platform and Mambu Cloud Bank Solutions

Has announced that it will be leveraging Backbase’s Engagement Banking platform and Mambu’s Cloud-powered banking platform “to pivot to digital-first banking.”. As mentioned in the announcement, 365.bank has chosen Engagement Banking tech provider Backbase in conjunction with Mambu, the SaaS banking platform, in order to power its digital transformation strategy.

Jirnexu partners with over 5 digital banking license contenders in Malaysia

Jirnexu team Malaysia-based full-stack fintech solutions provider Jirnexu has signed strategic partnerships with more than five consortia in their bids for a digital banking license. The details of the partnerships remain undisclosed. This news was first reported by Fintechnews Malaysia. Jirnexu was launched in 2012 to help banks and insurance companies manage the different stages of the customer journey, from marketing…
Financial ReportsWKRB News

Discover Financial Services (NYSE:DFS) Announces Dividend Increase – $0.50 Per Share

Discover Financial Services has raised its dividend payment by 35.4% over the last three years and has increased its dividend every year for the last 1 years. Shares of Discover Financial Services stock opened at $123.96 on Friday. Discover Financial Services has a twelve month low of $48.36 and a twelve month high of $127.65. The firm has a market capitalization of $37.79 billion, a PE ratio of 7.93, a P/E/G ratio of 0.16 and a beta of 1.83. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.89. The firm has a fifty day moving average price of $119.71.

Digital Led Retail Banking Market Analysis, Status and Global Outlook 2021 to 2026

Digital Led Retail Banking market report provides in-depth information about growth catalysts, profitable prospects, restraints, and Covid-19 impact which will influence the growth rate through 2026. The Digital Led Retail Banking market research report identifies all the factors positively and negatively impacting the growth of this vertical, to direct stakeholders...

Crypto Banking the Right Way

In the past few years, cryptocurrency has been making the march towards the mainstream. Between Elon Musks’ support, bitcoin mining, and the prevalence of blockchain technology, you might be considering making a bitcoin investment yourself. But what’s the right way to start crypto banking? How can you be sure that...

Mox and ZA Bank lead Hong Kong’s virtual bank race

After a year since Hong Kong gave eight digital banking licences, Mox and ZA Bank emerged as the early leaders. Together with WeLab, the three banks have accounted for 86% of all virtual banking deposit in Hong Kong. The COVID-19 pandemic has catalysed the surge of digital banking services in...
Personal Financethepaypers.com

OCBC integrates IRAS' payment API on its digital banking platforms

OCBC Bank has managed to integrate the Inland Revenue Authority of Singapore’s (IRAS) payment API with its digital banking platforms to make tax-paying easier, according to theedgesingapore.com. The move, which leverages on SGFinDex, now allows customers to view their assessable income on the OCBC Financial OneView, the bank’s one-stop financial...

OCBC enables Singaporeans to directly view, pay tax in digital bank platform

OCBC has collaborated with the Inland Revenue Authority of Singapore (IRAS), enabling its customers to view and pay their income and property taxes directly on the bank’s digital banking platforms. Customers can now view their tax balance amounts and make tax payments immediately in the OCBC Financial OneView. This solution...

Gregory Zerzan on CBDCs: A Digital Dollar Could Be a Huge Challenge to Retail Banking

Next week, the House Committee on Financial Services will hold a hearing on Central Bank Digital Currencies (CBDCs). This is not the first Congressional hearing on CBDCs, nor will it be the last. The concept of a digital dollar, issued by a central bank, is a hot topic for policymakers. While the hearing memo, along with the individuals testifying in front of the Committee, have not been released, the title is apt: The Promises and Perils of Central Bank Digital Currencies.
WFMZ-TV Online

First Commonwealth FCU earns national account certification through Bank On Coalition

LEHIGH VALLEY, Pa. | First Commonwealth Federal Credit Union, the Lehigh Valley’s largest credit union and leader in inclusive banking, announced their recent national account certification in support of the Bank On Allentown Coalition. With a mission of “empowering the pursuit of financial happiness,” First Commonwealth FCU states it is...

FinTech Banking Circle Taps SIA To Facilitate Payments

FinTech startup Banking Circle is tapping SIA, a subsidiary of CDP Equity, to handle its real-time payments service in Europe, The Green Sheet reported on Thursday (July 22). Headquartered in Milan, Italy, SIA is among the European leaders in developing and managing technology infrastructures for financial institutions, businesses and central banks. The company specializes in card and merchant solutions, digital payments and more.

Banks must partner with fintechs to accelerate the transformation of digital banking

During a webinar hosted by TagPay and moderated by Omar Ben Yedder of African Banker, Yves Eonnet (TagPay), Djiba Diallo (Ecobank Transnational), Obinna Ukwuani (Bank of Kigali) and Carl Manlan (VISA) discussed the excellent opportunity represented by the digitization of banks in Africa and partnerships with fintechs to meet the challenges of financial inclusion and the rapid expansion of digital financial services, essential on the continent.