Banks need to strike the right balance for digital transformation

Banks need to strike the right balance for digital transformation

January 20, 2021 Darnetta Mahaffy 0

Every financial institution is looking to digital transformation to meet rising customer expectations for speed and convenience, lower its operating cost, and fend off competition, including from tech companies moving into financial services. Some are spending over 10% of yearly revenue on technology investments, according to Bloomberg. “This is a huge investment and most financial…

Five things you need to know about on the markets this week – Biden, big banks and central banks, bond yields, and Bitcoin

Five things you need to know about on the markets this week – Biden, big banks and central banks, bond yields, and Bitcoin

January 16, 2021 Darnetta Mahaffy 0

Summary List PlacementStock markets finished the second week of January having reached all-time highs, overlooking fairly gruesome US labor market data, the ongoing explosion in cases of COVID-19 and unprecedented political turmoil in the final days of Donald Trump’s presidency, as he faces impeachment – again.  Reflation has been the name of the game across…

UK banks’ attitude toward open banking is more positive than last year

UK banks’ attitude toward open banking is more positive than last year

September 1, 2020 Darnetta Mahaffy 0

73% of UK banks are more positive toward open banking than last year. This positive attitude could potentially create partnership opportunities for fintechs, which could be a valuable lifeline amid a decline in funding deals. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn…