Tag: Banks

UK customers are changing banks due to poor complaints handling processes

Research by global software firm Nuix has found that UK customers are leaving their banks due to complaint mishandlings during the pandemic.

Banks and asset managers not yet prepared to meet climate risk...

A barometer measuring the climate risk preparedness of the global banks and asset managers has found a lot still needs to be done in terms of practical implementation.

PayTechs replace banks as most important business partners for SMEs

Research by FinTech firm YouLend has found PayTechs and website and webshop providers have overtaken banks as the most important business partner for SMEs.

How can traditional banks deal with the coming wave of embedded...

The embedded finance market is currently going from strength to strength. Thanks to companies like PayPal and Klarna, many non-financial institutions are integrating financial services into their platforms. As the sector continues to expand, how can traditional banks compete?

RBI panel recommends new regulatory framework for cooperative banks

A Reserve Bank of India (RBI) panel has proposed a new four-tier structure for regulating and improving urban cooperative banks (UCBs).

MAS reveals plans to launch new banking data-sharing platform

The Monetary Authority of Singapore (MAS) has revealed it has been working with legal and industry partners to develop a platform to help banks securely share information.

Token driving UK open banking payments expansion, research finds

Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.

Digital banking use to exceed half of global population in 2026,...

A study by Juniper Research has found around 53% of the global population will access digital banking services in 2026.

Financial consortium calls for new social, environmental reporting rules for banks

A financial group has called for the adoption of impact-reporting standards that account for social and environmental factors to speed up a sustainable transition for banks.

EBA finalises EEA bank supervisory reporting cost study

The European Banking Authority (EBA) has completed its study of the cost of compliance of European Economic Area (EEA) banks with the supervisory reporting requirements.

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