Tag "banks"

IBM Studies: Banks, Financial Markets Institutions Ramp up Blockchain Development

Blockchain solutions are rapidly being adopted by banks and financial markets institutions as they seek to anticipate disruption and stay ahead of fintech competition, according to IBM studies. Released last week, the reports are based on two separate surveys. The

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Deutsche Bank Releases ‘Fintech 2.0’ Whitepaper, Advises Startups and Banks to Collaborate

Banks and fintech startups should collaborate rather than compete against each other, says Deutsche Bank. In a new whitepaper entitled ‘Fintech 2.0: Creating new opportunities through strategic alliance,’ Germany’s largest bank calls for “a shift in mindset from one of

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Banks Vs. Fintech: ‘Fintegration’ Is The Smartest Move

Banks and fintech startups have more business interests in common than issues that divide them, according to a new report from The Economist Intelligence Unit (EIU). The document, entitled ‘The Disruption Of Banking,’ is based on surveys of more than

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Fintech Startups Are More Agile And ‘Excel’ In Meeting Real Consumers’ Needs

Fintech startups are “cannibalizing banks,” attacking every single service typically provided by financial institutions ranging from lending to wealth management among many other areas. Their key strengths: they understand much better the real consumers’ needs and “excel” in meeting those

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Insufficient Technology Expertise In Bank Boardrooms, Says Accenture

Bank boardrooms dramatically lack technology expertise with only 6% of board directors and 3% of CEO of the world’s biggest banks having expertise in the field, according to a report from Accenture. At the time when banks’ major challenges are

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