Tag "banking"
European Banks Invest in Fintech Startups, Embrace New Tech Amid Rising Threat from Digital Challengers
In Europe, incumbent banks are responding to rising competition from platform players, neobanks and payment providers by launching their own digital-only subsidiaries, investing in technology and providing banking-as-a-service (BaaS) offerings. These strategies are arising as banks are perceiving considerable threat
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Higher Fintech Presence Causes Heightened Risk-Taking Among Banking Incumbents
A new study by the International Monetary Fund (IMF) has established a link between the prominence of fintech and the level of risk financial institutions are willing to take, revealing that greater fintech presence is associated with heightened risk-taking by
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UBS Report: Generative AI for Financial Services
In the financial services industry, generative artificial intelligence (AI), a class of AI systems designed to generate new, original content autonomously, is being deployed to automate time-consuming, tedious jobs in areas including customer service, fraud prevention, coding and information analysis.
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Digital Channels and AI: A Must for Traditional Banks, McKinsey Banking Report
The banking sector is undergoing a profound shift driven by changes and challenges in the economic, technological, regulatory and competitive landscapes. These dynamics are forcing traditional financial institutions to reevaluate banking roles, change strategies, and embrace technology including artificial intelligence
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Fintech Among Thoma Bravo’s Top Acquisition and Investment Focus
The bear market of 2022 saw stock prices and valuations nosedive, offering plenty of opportunities for investors with a long-term focus to acquire assets or other companies at a discount. Thoma Bravo, a private equity investor specializing in software technology,
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ECB Survey: Nearly All EU Banks Have Digital Transformation Strategy in Place
Advancements in technology, rising demand for digital solutions and increased competition have prompted European banking incumbents to undertake digital transformation journeys. To understand the status of banks’ digitalization efforts, the European Central Bank (ECB) launched in 2022 two major initiatives
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Swiss Banks Proven to be Innovative and Adaptable Amid COVID-19
Though often perceived by the general public as sluggish, slow and not very innovative, Swiss banks have shown that that are capable of reacting swiftly and flexibly in times of crisis, according to a new paper by industry trade group
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White Paper Outlines Need for Smaller Lenders to Collaborate with Fintechs
Community banks and credit unions are struggling to keep up with the pace of innovation due to limited capacity, lack of skills, and limited budget. Given these limitations, smaller lenders must collaborate with fintech companies to meet fast-changing customer demands
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8 Key Trends Changing the Banking Landscape
To remain relevant, banks will have to embrace emerging technologies, become flexible to adopt evolving business models, and put customers at the center of every strategy, according to Deloitte. In a Perspectives piece, the consultancy firm outlines eight main tech
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Swiss Startup Mt Pelerin Leads the Way in Compliant Asset Tokenization
About a month ago, Geneva-based fintech startup Mt Pelerin was unveiling the first tokenized shares to be issued on a blockchain infrastructure in full compliance with Swiss law, a technological and legal breakthrough that will bring liquidity and transparency to the sector.
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