Latin American banks’ road to recovery
As we are witnessing the air getting clearly surrounding the pandemic across the globe recovery steps are starting to begin. It is not wrong to say that the most hit region is Latin America without a doubt. And inspite of the difficult health situation , banking systems thrived so far. They have responded well to […]
Middle East’s one of the finest! -Mashreq Bank
Mashreq Bank in the United Arab Emirates is one of the oldest private banks. Being so it is still the most innovative, intended towards adding value to its services. The headquarters is based in Dubai and roots go back to 1967 when it first started its operations as the bank of Oman before being renamed […]
Offshore Banking: Why Millennials are looking for options overseas?
Every millennial is now on the race to acquire a state of financial stability sooner, rather than later. With increasing cost of living, climbing house prices, the need to save money for rainy days, many millennials are planning to set up a savings account in overseas banks and institutions. This very facility is called Offshore […]
Does embedded finance pose the biggest threat to traditional banking?
Traditional banking models are under intense pressure as Covid-19 continues to alter our daily lives. With the rapidly evolving technology, financial services are no longer under the stewardship of conventional methods. Democratisation of finance is taking place as several non financial companies are putting themselves in a position of proving financial products. These companies might […]
Does the future of Banking lie in the hands of NEOBANKS
Utilising several of the new waves of disruptive technologies such as big-data analytics, artificial intelligence (AI) and cloud computing, neobanks across the world are fundamentally transforming the very notion of banking. And given the restrictive impact that the coronavirus pandemic is having on the global population, there is now a growing belief that this new […]
Why negative interest rate environment may prove a boon for High Net Worth angel investors
Bank of England is about to witness a negative interest rate environment – a first in its 326 year history. Central bank officials have announced an additional £150 Billion stimulus package with an interest rate of 0.1% in order to boost consumer spending. While the negative interest rates now has become the reality, banks can […]
Biometric payment cards
Biometric payment cards have ticked several important boxes in the last year. The technology has achieved certification from major payment networks, costs have reduced, and manufacturing has become simpler, and the first commercial launches have begun. Many banks offers this technology to their customers, it is important to consider design. The payment card is one […]
Banking Consumer Study
Without any doubt one can say that the global pandemic COVID has made the matters worse; however, there are some positives to look at. The positives can be, the bank clients had to utilise the digitalized channel, 50% of bank customers communicate with their bank via their respective mobile apps as well as their website. […]
Cash was our past, contactless is our present, contextual payments are the future
In 80s and 90s the payments were purely through cash gradually came the cheque concept. When the contactless payment concept was introduced in 2007 lot of consumers migrated to it; the transaction was made through phone or card which mad the transaction seamless, in future we will definitely be doing the payments based also on […]
The advent of banking sector in France
Open Banking is an initiative which has revolutionized the way we approach finance both as consumers and as an industry. Open Banking may drive the most significant change for the next few years, according to 24 percent of professionals. By revolutionizing open banking, there shall arrive the financial wellbeing, improves customer experience and increases competitiveness. […]