Banking Software Vendors Won’t Differentiate With Just Functionality For Long

Forrester's Customer Insights

A few days ago, Forrester published two Forrester Waves, one focusing on retail banking, the other on corporate banking. With these Forrester Waves, we separated off-the-shelf banking back ends for retail and corporate banking for the first time.

Singapore central bank tests blockchain for bank-to-bank payments

Computer Weekly

Singapore's central bank is overseeing a project that could lead to a single blockchain system being used for banks to transact with each other

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Banks Have A Variety Of Islamic Banking Platforms To Choose From

Forrester IT

The World Bank explains Islamic finance as "equity-based, asset-backed, ethical, sustainable, environmentally and socially responsible finance." In previous Forrester research, we have described many of the core principles of Islamic banking: limitations on interest, certain contractual considerations, and the prevention of gambling -- which limits many of the speculative aspects of financial services. Islamic banking. banking. banking platform transformation.

The FI and fintech opportunity with open banking (VB Live)

Venture Beast

Open banking is about to change the way financial data is accessed and shared in the U.S.offering numerous benefits to those posistioned to leverage it. Big Data Business Commerce Dev Enterprise Entrepreneur category-/Business & Industrial/Business Finance category-/Finance Envestnet | Yodlee open banking open banking APIs opening banking in the U.S.

Blockchain Set to Revolutionize Banking Sector

CTOvision

Read Pratip Biswas explain how blockchain technology can revolutionize the banking sector by using the Hyperledger on Dzone Blog : The banking sector forms the backbone of any economy. With the technology innovations making way into the arena, the banking sector has been moving away from traditional methods.

How AI is Revolutionizing the Banking Sector

CTOvision

Read Oliver Smith explain how artificial intelligence is revolutionizing the banking sector on Infosec Magazine : Artificial Intelligence (AI) is becoming ubiquitous in recent years and its uses are seen in every industry from health, to travel, to banking, to hospitality and finance. According to the IHS Markit’s “Artificial Intelligence in Banking” report, the global […].

Tesco Bank halts online banking after weekend hacker fraud

Computer Weekly

Tesco Bank halts online banking after thousands of current account customers were hit by fraudulent transactions by hackers at the weekend

Challenger bank Starling gets UK banking licence

Computer Weekly

Starling Bank, which will offer smartphone-based current accounts, has been given a UK banking licence

How to Create Online Training Programs for Bank Employees

Kitaboo

Such upskilling is especially critical in the banking sector. . Things to Consider While Creating Online Training Programs for Bank Employees. Incorporation of technologies such as artificial intelligence can help banks reduce daily operation costs by up to 25%.

JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

CTOvision

Investment banking giant JPMorgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. The blockchain-based Interbank Information Network (IIN), set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017, currently […].

Lloyds Bank digital banking problems an industry warning

Computer Weekly

Lloyds Bank’s digital banking problems still unresolved after a second day

Banks Can Now Hold Cryptocurrencies, As a Treat

GizModo VR

Comptroller of the Currency, the federal group responsible for the security of the banking system, banks are now allowed to hold cryptocurrencies. banks cryptocurrencies bitcoinAccording to a public letter from the U.S. Read more.

The Future Of Banking Has Arrived

Forrester's Customer Insights

Forrester’s view on the future of banking is here – examining the changes that we expect to play out over the next decade of retail banking. The drivers of the future are evolutions of the past – some playing out now, others that will be far more prominent by 2025 and table stakes by 2030. […].

Open banking in the U.S.: What it is and how to prepare (VB Live)

Venture Beast

The open banking global trend is about to change the way financial data is accessed and shared. Big Data Business Commerce Enterprise Entrepreneur category-/Business & Industrial category-/Finance/Banking Envestnet | Yodlee Fintech open bankingJoin the VB LIve event to learn how. Read More.

Starling Bank opens API with hackathon

Computer Weekly

Challenger bank Starling opens its API up to developers in hackathon at Google’s London Campus

The Right to Be Banked: How fintech entrepreneurs can benefit from a financial inclusion law

GeekWire

Then there is the less-discussed issue of banks denying startups access to essential services, like an account. In most cases, this is due to banks being risk-averse. The Right to Be Banked Campaign is seeking to pass a financial inclusion law in Washington State. BigStock Photo.

CIO interview: John Mountain, Starling Bank

Computer Weekly

Starling Banks CIO tells Computer Weekly about life at a bank that is challenging traditional IT thinking

The Future Is Here: Google Moves Forward With Its Banking Marketplace

Forrester's Customer Insights

As discussed in Forrester’s recent research on the future of banking, success for many banks will come from powering products and distributing through others’ marketplaces. Late last year, I blogged about Google’s move into banking and […]. The future is here. And Google is now moving ahead with its plan to launch one of those marketplaces.

Credential phishing attack impersonates Bank of America

Tech Republic Security

The phishing email leads recipients to a phony BOA landing page in an attempt to steal their banking credentials, according to Armorblox

Financial Conduct Authority concerned about cyber security of banks

Computer Weekly

The FCA expresses concern about the cyber security of banks after 9,000 Tesco Bank customers lost £2.5m in fraudulent transactions

Barclays Bank opens startup hub in London

Computer Weekly

Bank aims to support fintech firms in their early stages

Swedish fintech Klarna gains full banking licence

Computer Weekly

Swedish online payments provider Klarna becomes one of “the largest banks in Europe” after being granted an EU-wide banking licence by the Swedish Financial Supervisory Authority

BBVA tops Forrester mobile bank app chart

Computer Weekly

Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research

Blow for Australian banks in Apple dispute

Computer Weekly

Australia's big banks might not be granted leave to collectively bargain with and boycott Apple over its Apple Pay service

Forrester 2018 Mobile Banking Industry Wave™: BBVA Offers World-Class Mobile Banking Services

Forrester's Customer Insights

Digital banks are not eating the incumbent banks’ lunch (yet!) banking benchmarks digital business digital money management mobile apps mobile services user experience Banking Digital Banking Industry Wave Mobile Banking

Lloyds Bank launches technologies to improve and secure customer services

Computer Weekly

Lloyds Bank is investing in the latest technologies to provide customers with convenient and secure banking services

Lloyds Bank hit by massive DDoS attack

Computer Weekly

It has emerged that UK banks have been targeted by a DDoS campaign that affected services intermittently only at the Lloyds Banking Group

UAE banks share information to combat cyber threats

Computer Weekly

Banks in the United Arab Emirates will share information on cyber attacks through a platform instigated by the country’s banking federation

CIOs Help Banks Prepare For The End Of The World

The Accidental Successful CIO

CIOs at banks have a great deal to worry about. As though this wasn’t bad enough, every bank is connected to every other bank. What this means is that if something bad happened to a connected bank, then your bank could also suffer. In order to prevent doomsday scenarios like this from happening, the people in the bank CIO position have come up with a plan. Preparing For The End Of The World In Banking. In the past the banks had counted on the U.S.

Metro Bank moves IT infrastructure to cloud

Computer Weekly

Metro Bank moves its IT infrastructure to a private Rackspace cloud platform, which will allow it to keep up with the latest technologies and reduce costs

SAP tackles Banking segment

IT Toolbox

The banking industry has never been a strong suit of SAP but this may be changing

SAP 100

Three-quarters of Brits use mobile banking

Computer Weekly

Europeans are rapidly taking up mobile banking which, combined with the adoption of contactless cards, is driving the digital payments sector

FBI warns about cybercriminals exploiting mobile banking apps

Tech Republic Security

With increased use, phony apps and banking trojans will try to steal account credentials, according to the FBI

Fascinating Examples Of How Blockchain Is Used In Insurance, Banking And Travel

CTOvision

Blockchain technology promises to revolutionize many aspects of how we do business and, if you believe the blockchain hype (of which there is plenty), may even be as disruptive as […].

Travel 238

Open banking: the lucrative benefits for smaller FIs and fintechs (VB Live)

Venture Beast

One of the biggest changes coming with open banking is in how transaction data from user end accounts gets aggregated, using standardized APIs." Big Data Business Enterprise Entrepreneur category-/Business & Industrial category-/Computers & Electronics category-/Finance Envestnet | Yodlee FinGoal open bankingRead More.

A Glimpse Into The Future Of Banking

Forrester's Customer Insights

COVID-19 is recasting the foundations of the future of banking and reshaping the digital agenda and priorities for many banks. Alyson Clarke and I have been interviewing financial services experts around the globe as part of our upcoming research report on the future of banking. We see four clear themes forming in the research. Many […].

Keep devices charged on the go with this dual-port power bank

Mashable VR

TL;DR: Save time and charge multiple devices with the RAVPower 20,000mAh dual port power bank for $24.99, a 32% savings as of Sept. The RAVPower 20,000-mAh Dual Port Power Bank , which is normally $36, is on sale for $24.99 Power Bank Mashable Shopping Cool Gadgets Tech Consumer Tech

ING Bank datacentre fire suppression system test knocks banking services offline

Computer Weekly

Bank apologises after planned test of datacentre fire suppression system knocks out servers and storage, leaving Romanian customers unable to access funds

Fintech is increasing operational risk to banks

Computer Weekly

European Banking Association report reveals fear of greater operational risk because of increased take-up of fintech in financial services sector

Why Banking Industry Cloud Strategies Lag Behind

Information Week

Research shows that banks have been slow to embrace the cloud, but maybe the reasons behind their reluctance don't apply any more

Interview: How Swedish bank prepared robot for customer services

Computer Weekly

SEB bank is currently integrating artificial intelligence into its customer services channels, following an internal trial of the technology

Mobile Banking Apps Take Center Stage As Australians Embrace Digital Banking

Forrester's Customer Insights

How we bank has also changed dramatically. Age of the Customer banking digital business digital disruption financial services Australia Digital Banking Financial Services financial well-being; financial wellness; digital strategy; digital banking; mobile banking; financial services; customer experience Mobile apps Mobile BankingIt’s mid-July 2020, and the world is a very different place than it was six and a half months ago!

The Future Of Banking: Invisible, Connected, Insights-Driven, And Purposeful

Forrester's Customer Insights

Leading banks are pivoting and rebooting their strategy — capitalizing on the pace of change and innovation and setting their course for the next decade. By 2030, banking will be invisible, connected, insights-driven, and purposeful. Banks will have to selectively leverage and extend the trust they already have and will carefully select their key battlegrounds. […].