Tag "banks"
Traditional Financial Institutions Accelerate Digital Assets Efforts
Traditional banking and financial institutions from around the world continue to expand their digital assets offerings, embracing not only tokenization but also cryptocurrencies at a fast-pace in a bid to tap new growth opportunities, improve efficiencies and enhance transparency. In
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Canadian Fintech Industry Set to Witness Strong Grow: Report
The Canadian fintech industry has seen tremendous growth in recent years and is expected to continue to expand exponentially as collaborations between fintechs and traditional financial institutions, new and improved regulations, and leadership in the financial services space continue to
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New Report Spotlights Nordic and Baltic Region Thriving Fintech Industry
The Nordic and Baltic region is increasingly becoming a hotspot for fintech innovation. Fintech success is not in short supply in the region, which has so far given birth to half of Europe’s six fintech unicorns, according to a new
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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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