Are the banks ready for tomorrow?
All the banks around the world are trying to evolve with the ever evolving trends of the banking sector. Middle Eastern banks are racing to catch up the technology updates shaping the way they operate and serve their customers. And one such financial institute Deloitte, recently launched their reports which has the strategies and key […]
Banking As a Service
A trend which is rapidly growing in a gathered pace over the last 18 months or so is BAAS i.e., Banking as a service. Many of us are now familiar with the concept of software as a service ( SaaS ) , which is the licensing and delivery model that allows users to do various activities […]
Banking meets Artificial intelligence
Dictated by the decisions we make, our entire lives are made both inside and outside. As we are hardwired to continuously learn even in our subconscious , from our mistakes , from our surroundings. Especially to avoid taking bad decisions and questioning our capabilities of improving our decision making when faced with consequences in the […]
KBC bank – Mr. Thijis shares some insights in tackling the crisis
Based in Belgium with a wide reach that encompasses core countries in central and Eastern Europe , Ireland and a selective past of British Isles is the KBC group. North America and south east Asia being the Europe’s top bank insures since 1998 as a result of the merge between two banks and insurer. The […]
Global insolvency
The general manager, Agustin Carstens, of Bank for International Settlements (BIS) said and quotes “We have only just overcome the liquidity phase of the crisis in countries that are now relaxing restrictions. In many others, the health crisis is still acute. And the epidemic could flare up again anywhere. Importantly, the shock to solvency is […]
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 […]