All posts tagged "Banking Technology"
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463Fintech NewsHow Neobanks Are Driving Banking Competition
When Monzo launched its hot coral debit card in 2016, Barclays, HSBC, and Lloyds did not change a single product feature in...
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411Fintech NewsThe Rise of Mobile-First Banking Experiences
A customer at Nubank in São Paulo checks their balance, splits a restaurant bill with three friends, invests spare change into a...
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413Fintech NewsHow Fintech Is Helping Banks Modernise
In 2022, Standard Chartered needed a digital-only bank for the Hong Kong market. Rather than spend three to five years rebuilding its...
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838Fintech News
How Banking Innovation Is Creating New Financial Opportunities
Ten years ago, getting a small business loan in Indonesia meant visiting a bank branch, submitting paper documents, waiting two to six...
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306Fintech News
Why Fintech Is Leading Banking Transformation
When ING Group decided to rebuild its retail banking platform in 2018, it did not hire IBM or Accenture. It partnered with...
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385Fintech News
How Digital Banks Are Building Scalable Financial Platforms
Nubank processes over 2 billion transactions per quarter for 100 million customers across Brazil, Mexico, and Colombia. Its technology team numbers around...
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413Fintech News
The Evolution of Modern Banking Technology
The first ATM was installed outside a Barclays branch in Enfield, north London, on 27 June 1967. The customer inserted a paper...
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372Fintech News
Why Banking Infrastructure Is Becoming Digital
In March 2023, Silicon Valley Bank collapsed in 44 hours. The trigger was a bank run, but the speed was digital. Depositors...
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342Fintech News
The Role of Technology in Future Banking Systems
The European Central Bank began a two-year preparation phase for a digital euro in November 2023. The Bank of England launched a...
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311Fintech News
How Fintech Platforms Are Powering Banking Innovation
In 2021, a community bank in rural Nebraska with 14 employees and $200 million in assets launched a fintech-powered savings product that...
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311Fintech News
How Digital Banking Improves Customer Experience
In 2019, the average wait time to speak with a customer service representative at a major US bank was 11 minutes. By...
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344Fintech News
Why Fintech Is Driving Banking Evolution
In 2014, Jamie Dimon, CEO of JPMorgan Chase, wrote in his annual shareholder letter that Silicon Valley was coming to eat banking’s...
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312Fintech News
Why Technology Is Transforming Banking Operations
HSBC’s global payments division processes approximately 4.5 million transactions per day. In 2019, a single compliance check on a cross-border payment required...
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322Fintech News
The Next Generation of Banking Platforms
Antony Jenkins spent five years as CEO of Barclays, one of the world’s largest banks, trying to modernise its technology from the...
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343Fintech News
How Fintech Companies Are Building Banking Infrastructure
Marqeta went public in 2021 at a $15 billion valuation. The company does not issue credit cards to consumers, does not hold...
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309Fintech News
Why Banking Innovation Is Accelerating
JPMorgan Chase spent $17.1 billion on technology in 2024. That figure, larger than the annual revenue of most fintech companies, represents a...
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248Fintech News
The Future of AI in Digital Banking
Bank of America’s virtual assistant Erica crossed 2 billion client interactions in October 2024, six years after its launch. In the most...
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264Fintech News
The Impact of AI on Financial Automation
HSBC processes over 1.3 million anti-money laundering alerts annually. Before deploying AI, each alert required a human compliance analyst to review the...
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219Fintech News
How AI Platforms Are Transforming Banking
In September 2023, Goldman Sachs quietly disclosed that it had deployed an internal AI platform capable of generating code, summarising documents, and...
