#digital-banking
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fromTearsheet
1 week agoThe servicing paradox: Why banks are building platforms through customer problems, not tech strategies - Tearsheet
While banks announce AI deployments and digital transformations, the real platform shift is happening through something more mundane: solving customer servicing headaches one API call at a time. Banks have a servicing problem masquerading as a platform opportunity. You won't read the evidence in their press releases, but you can see it in how they're actually solving operational friction for business customers who want banking to work well.
Tech industry
Startup companies
fromTearsheet
2 weeks agoChime, SoFi, Nubank: How three different roads are converging into one digital banking paradigm shift - Tearsheet
Chime, SoFi, and Nubank pursue different scaling and profitability strategies as digital banking matures, with Chime going public after improving results.
fromThe Oaklandside
3 weeks agoTalk to your kids about money
It's never too early to start having a conversation with your kids - whether they're in elementary school, high school or college - about smart ways to navigate finances. Starting the conversation earlier will help create healthy money habits as they grow, ultimately benefiting their financial future. To help you get started, here are tips that make it easier for kids of all ages to learn how to save, budget and begin managing their finances more independently:
East Bay (California)
fromFortune Asia
3 weeks agoSoutheast Asia's 'incredibly dynamic' Islamic finance market is drawing in non-Islamic players
Over 280 million Southeast Asians, about 40% of the region's population, identify as Muslim. That's spawned demand for goods and services that cater to a more Islamic lifestyle. It's more than just halal food: Muslim consumers also demand more modest fashion or cosmetics that don't use pig-derived products or alcohol. Even Southeast Asia's finance sector is becoming more halal. Islamic finance in Southeast Asia totaled roughly $859 billion in 2023, up from $754 billion in 2020.
Startup companies
fromTearsheet
1 month agoFrom 'banks as destinations' to 'banks as infrastructure': How J.P. Morgan Payments, Citi, and U.S. Bank are embedding themselves into the digital economy - Tearsheet
The transformation from banks as destinations to banks as infrastructure is reshaping the financial landscape as banks embed themselves into existing platforms, providing seamless financial services.
E-Commerce
fromLondon Business News | Londonlovesbusiness.com
2 months agoEight bank branches shuttered every week since 2016 in England, despite rapid business growth - London Business News | Londonlovesbusiness.com
The closure of 3,700 bank branches in England from 2016 to 2024, averaging eight weekly closures, demonstrates a shift towards digital financial solutions.
E-Commerce
fromHackernoon
4 years agoWhy Banks Are Prime Cyber Attack Targets-and How They Can Fight Back | HackerNoon
Cyber attacks are digital assaults against computers, networks, and/or databases, which can disable systems, steal data, or interfere with operations, making banks particularly vulnerable.
Information security
fromTechCrunch
2 months agoAspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora | TechCrunch
Inward remittances to India rose significantly, escalating from $55.6 billion in 2010-11 to an expected $160 billion by 2029, demonstrating the growing financial dynamics within the diaspora.
European startups
#fintech
fromSilicon Canals
4 months agoEuropean startups
Amsterdam's FINOM reportedly secures 92.7M from General Catalyst: Know more - Silicon Canals
FINOM secured â¬92.7M in funding to accelerate growth, doubling its annual recurring revenue and entering direct lending for SMEs.
The funding will primarily focus on expanding services rather than operational costs.
fromsilive
3 months agoThis stunning 100-year-old Staten Island bank building is closing after a century of service
"Santander Bank continues to refine its branch footprint and retail presence, including introducing new formats and investing in digital capabilities to better accommodate our customers and meet their evolving needs."
NYC real estate
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