Traditional banks are losing their hegemony to a new generation of digital-only banks with no physical presence. These digital apps are changing the way customers think about banking. Although Neobanks have existed since the early…
Modern banking customers expect to open a new bank account or savings account remotely utilizing their laptop or mobile device. According to special research published by BAI, three-quarters of millennials say they would switch banks…
COVID-19 has drastically altered our world, with chaotic economic and financial consequences running concurrently with the public health disaster. Banks throughout the world played a critical role during the epidemic, assisting companies and individuals by…
As all financial institutions aspire to move more swiftly, offer products more quickly, and improve operational efficiency, cloud adoption rates are increasing. This was confirmed in research published by the Economist Intelligence Unit late last…
As per a study by ‘Research and Markets,’ the Digital Lending Market was valued at USD 311.06 billion in 2020 and is predicted to reach USD 587.27 billion by 2026, with a CAGR of roughly…
The Q3 2021 Digital Banking Engagement Platforms (DBEP) study recognized Temenos Infinity as “a excellent alternative for banks looking for state-of-the-art business capabilities” and “forward-thinking design.” Temenos claims its Leader position to its Explainable AI…
According to the latest “State of Fintech” report from CB Insights, the third quarter of 2021 was the second highest on record for Fintech funding, with a 147 % year-over-year rise. Alternative Commercial Lenders or…
Traditional lending platforms depended on human intervention and physical interactions at every stage, which increased processing time and the possibility of human error. However, digital lending platforms allow banks to automate their whole loan process,…
Banking competition is heating up. Neo-banks are gaining market share and serving customers for around one-third the cost of traditional banks. FinTechs are focusing on profitable value-chain segments. Big tech firms, with their vast client…
Financial service providers want to be digital, but they’re having trouble getting there, or even getting started. They are focusing heavily on conventional IT and surface-level components of digital strategy. Both are vital. However, we…
“I always tell the tale of having to go to a banking branch to open a bank account, which was one of the most painful experiences I’ve ever had,” says Colombia-born Nubank CEO and co-founder…
Only a few years ago, technology was a huge disruptor in the banking industry. While the pandemic has hastened the deployment of technology across businesses and sectors, our reliance on it has increased dramatically. Online…
