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189 stories
Nationwide is to open a new digital innovation centre in London, creating over 750 new technology jobs.The news follows Nationwide’s announcement in September 2018 that it would spend an additional £1.3bn in technology over the next five years – totalling £4.1bn over the period. The new London space will house a Digital and Technology Innovation […]
Standard Chartered has opened its latest innovation lab and fintech incubator in Shanghai, in a bid to tap into the country’s vibrant tech ecosystem and expertise in AI and Big Data. The eXellerator in China builds on the Bank’s global network of innovation labs across Singapore, Hong Kong, London, Kenya, and San Francisco. The labs […]
Open Banking in Australia Open banking initiatives are suddenly popping up all over the world from Brazil and India to Japan and New Zealand, but of all markets, Australia looks to have learned most from what has happened so far in the US and Europe. The concept of open banking is hardly new because some […]
UK banks falling behind in digital transformation efforts research from Accenture. Despite investing more than $1trn globally in new technology over the last three years, the majority of banks have yet to see any financial boost from their digital transformation programmes. This is the finding from a report issued by Accenture into banks’ IT investment. […]
Natwest Collaborates with HooYu to Introduces Selfie-powered Current Account Opening NatWest Bank joins the ranks of HSBC and Lloyds who began offering “Selfie Banking” in 2016. The bank will use HooYu’s AI-enabled technology and real-time biometrics to compare the customer’s selfie picture with the image on their government-issued ID. The goal of the collaboration is […]
GOJEK adds DBS PayLah! to payment options The Indonesian ride-hailing giant hopes to change this by adding a new digital payment method. Users may now pay for trips with DBS bank’s PayLah! mobile wallet, the bank, and Gojek announced on Thursday (June 13). Besides the new option, riders may pay for Gojek trips with their […]
Iran to buy sugar from India after 5 years Iran has found a way to spend the money it has accumulated in the South Asian nation’s banks from trading oil. Iran is likely to buy sugar from India for the first time in five years in order to secure its food supply due to its […]
[dropcap]A[/dropcap]round 80% of Egypt’s 100 million population is still unbanked according to the World Bank. There is a long road ahead in terms of banking and financial inclusions in Egypt.
[dropcap]O[/dropcap]n a predominant note they have arrived at the show quite late on the late 1960s, but over the period of growth, they have not idle backed, instead of established reputed financial institutions with sorted regulatory, policies and norms to promote sustainable socio-economic development.
