The journey from the traditions to modernization
National Bank of Greece (NBG) the traditional, formerly state-owned bank that can be found in most of the Greek markets. Established in 1841, it was the first bank to be set up in the Modern Greek State. It was destined to be a part of the Greece’s economy throughout the 180 year course of history and […]
The opportunity at hand created by API
Banks are a place with the high reputation, that it is a place where the money can be stored with utmost safety. But it can also become a haven for the data entered. The power to share the customer data with the other firms who offer new services is given by ( API ) application […]
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 […]
The new norm of digital banking!
Kuwait’s Al Ahli bank (AHB) has established itself as the leading retail and corporate banking provider services in not only Kuwait but also in Egypt and the United Arab Emirates. It belief in delivering transformative power of technology to its customers is what enables the bank to be more efficient and thus the bank is […]
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 rise of contact-less payments
These days the hard cash payments have reduced drastically which is replaced by or has increased the cashless payment or what we can say as the contactless payment. There is a virtual war between the digital payment investors since years. It can be to give better standards for digital payments or to adopt stable, sustainable […]
BANK STRATEGIES TO COMPETE NEW DIGITAL PLAYERS
Professor Catherine Karyotis from NEOMA Business School states that, banks need to develop new strategies in order to compete the developing market with new challenges from the new players born from digital transformation, who are causing a gradual loss in banks monopoly. There have been many upheavals within the banking community that needs drastic transformations […]
The rise of digital banking and the security concerns around it.
The rapid evolution of digital banking is helping the customers have more convenience in managing their finances through online markets. Allowing them to finish the tasks within days which before took weeks to accomplish. Also these advancements is a plethora of security risks that the firms must address in order to continue delivering the best, […]