Emerging Technology

Bain & Co: Banks are Losing Customers to Fintech and Tech Giants
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Bain & Co: Banks are Losing Customers to Fintech and Tech Giants

Traditional banks are losing customers to nonbank competitors because they still lag the digital experience offered by leading fintechs, established specialist companies and major technology companies. In order to stay in the game, retail banks must improve their digital channels’ interface and functionality, according to research by Bain & Company. […]

Estonian e-Residency MD: No deal Brexit is no problem thanks to digital identity
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Estonian e-Residency MD: No deal Brexit is no problem thanks to digital identity

Digital residency could nullify the worst-case scenario of a no-deal Brexit for small companies and entrepreneurs, according to Ott Vatter, managing director of Estonia’s e-Residency programme. “E-residency can be a solution for some companies due to the uncertainty,” he tells Finextra Research. While much of the uncertainty around Brexit has […]

Lithuania’s fintech sector now fastest growing in EU
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Lithuania’s fintech sector now fastest growing in EU

Lithuania is home to the fastest-growing fintech sector in the European Union, and the second-fastest growing in Europe, behind only the UK. A study carried out by Invest Lithuania and Rockit Vilnius, which looked at the state of fintech in 2019, reveals an impressive 24 per cent increase in the number […]

Apple Pay is on pace to account for 10% of all global card transactions
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Apple Pay is on pace to account for 10% of all global card transactions

Apple’s mobile wallet is gobbling up a growing chunk of card payments around the world. As the service grows, it’s becoming a greater challenge to rivals like PayPal and attracting the attention of competition watchdogs. Apple Pay accounts for about 5% of global card transactions and is on pace to […]

Why 67% of companies fear they can’t sustain privacy compliance
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Why 67% of companies fear they can’t sustain privacy compliance

True privacy depends on where and how data travels. Data privacy management and protocol got a facelift with the enactments of the General Data Protection Regulation and the California Consumer Privacy Act. Many companies failed to meet compliance standards in time for GDPR. And for companies that met the deadline, 67% fear […]

Starling Bank raises £60 million
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Starling Bank raises £60 million

Starling Bank, “the leading UK digital bank,” has raised £60 million from its existing investors, Merian Global Investors and JTC. The investment will bring the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. Starling has opened […]

Revolut rolls out Open Banking tool
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Revolut rolls out Open Banking tool

Revolut has launched an Open Banking feature, giving UK customers the ability to see their bank accounts from other providers from within the challenger’s app. Revolut teamed up with financial API specialist TrueLayer to enable all of its retail and business customers to see balances and transactions from other high […]

Red Deer teams up with Cappitech to improve MiFID II compliance
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Red Deer teams up with Cappitech to improve MiFID II compliance

Research platform Red Deer has teamed up with Cappitech, a regulatory reporting and intelligence solution for financial services has formed a partnership to improve MiFID II and MAR compliance. As part of the deal, the company will offer the other’s services to its respective clients, providing an integrated solution which […]

Temenos and Google Cloud Announce Global Strategic Partnership to Accelerate Banks’ Digital Transformation in the Cloud
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Temenos and Google Cloud Announce Global Strategic Partnership to Accelerate Banks’ Digital Transformation in the Cloud

Temenos showcases leadership in the cloud delivering its software across hybrid and multi-cloud environments; will be the first global banking software provider to run on Google Cloud Anthos Temenos and Google Cloud will jointly go-to-market with leading-edge financial services offerings in the cloud to drive scalability, operational efficiency, time-to-market, and […]

Big Tech will push deeper into finance this year
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Big Tech will push deeper into finance this year

Technology giants from Google to Apple are looking to take on the financial services industry. Last year, Apple debuted its credit card; in 2020, Google is set to launch consumer bank accounts. But Big Tech companies share one thing in common: they don’t want to be regulated like banks. Big […]