Tag: Banks
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.
Almost half of European executives see Covid-19 digital shift as permanent,...
A study by Swedish open banking platform Tink has found 41% of European financial executives believe the shift online caused by the Covid-19 pandemic is permanent.
Temenos, Taurus join forces to bolster digital asset access for banks
Swiss banking technology firm Temenos has partnered with digital asset platform Taurus to integrate the latter’s digital asset infrastructure into Temenos’ platform.