Tag #Digital Banking

Showing 13 to 24 of 24 results

kathimerini.gr

🌐 75% Global Worthiness

Mar 20, 13:16

tbi bank's 2024 Net Profit Up 18% to €50 Million

tbi bank reported a net profit of €50 million in 2024, an 18% increase from 2023, driven by a 32% rise in loan applications (2.2 million total) and a 26% increase in loan value (€1.177 billion). 70% of applications were digital.

tbi bank's 2024 Net Profit Up 18% to €50 Million

tbi bank reported a net profit of €50 million in 2024, an 18% increase from 2023, driven by a 32% rise in loan applications (2.2 million total) and a 26% increase in loan value (€1.177 billion). 70% of applications were digital.

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What were tbi bank's key financial results for 2024, and what factors contributed to its growth?

tbi bank, a digital bank operating in Southeastern Europe, reported a net profit of €50 million for the past fiscal year, an 18% increase compared to 2023. The bank handled 2.2 million loan applications across Greece, Romania, and Bulgaria, a 32% increase year-on-year, and disbursed over 1 million loans totaling €1.177 billion (a 26% increase).

elmundo.es

🌐 75% Global Worthiness

Feb 19, 07:08

Openbank Launches in Mexico with $2 Billion Investment

Openbank, Santander's digital bank, launched in Mexico on Tuesday, offering high-yield accounts and credit/debit cards, backed by 10,000 ATMs and a planned $2 billion investment, following its October US launch which attracted $2 billion in deposits in three months.

Openbank Launches in Mexico with $2 Billion Investment

Openbank, Santander's digital bank, launched in Mexico on Tuesday, offering high-yield accounts and credit/debit cards, backed by 10,000 ATMs and a planned $2 billion investment, following its October US launch which attracted $2 billion in deposits in three months.

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How does Openbank's Mexican strategy compare to its recent US expansion?

Santander's significant investment in Openbank's Mexican launch reflects its confidence in the country's growth potential. The bank's offerings, including a 10% yield debit account and cashback credit card, aim to attract digital-savvy customers. This strategic move builds on Openbank's recent success in the US, attracting $2 billion in deposits within three months.

bbc.com

🌐 75% Global Worthiness

Feb 2, 10:08

Barclays Outage: Thousands of Customers Affected

Barclays bank in the UK suffered a three-day outage affecting online and mobile banking, impacting millions of customers and causing payment failures, with some customers reporting serious financial hardship as a consequence; the cause remains unexplained.

Barclays Outage: Thousands of Customers Affected

Barclays bank in the UK suffered a three-day outage affecting online and mobile banking, impacting millions of customers and causing payment failures, with some customers reporting serious financial hardship as a consequence; the cause remains unexplained.

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What is the immediate impact of the Barclays banking outage on UK customers and the broader financial system?

Barclays bank customers in the UK faced a three-day disruption of online and mobile banking services, impacting payments and transactions. The outage, not attributed to a cyberattack, affected thousands and caused significant distress for some, including inability to pay taxes or move into a new home. The bank apologized and promised to compensate affected customers.

forbes.com

🌐 85% Global Worthiness

Jan 21, 22:09

Nubank Explores U.K. Relocation for Global Expansion

Nubank, Latin America's most valuable digital bank with $55 billion market cap, is considering moving its legal base to the U.K. to expand globally, driven by discussions with the British government and a more favorable U.S. regulatory environment under President Biden.

Nubank Explores U.K. Relocation for Global Expansion

Nubank, Latin America's most valuable digital bank with $55 billion market cap, is considering moving its legal base to the U.K. to expand globally, driven by discussions with the British government and a more favorable U.S. regulatory environment under President Biden.

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How might tax policies and regulations in different jurisdictions, including the U.K. and the U.S., influence Nubank's decision regarding its legal base?

Nubank's consideration of the U.K. as its new legal base highlights the growing competition among nations to attract fintech companies. The decision is influenced by tax policies and the U.S.'s increasingly favorable regulatory environment for fintech, contrasting with uncertainties introduced by potential tax changes in other regions. This strategic move underscores Nubank's ambitious global expansion strategy.

cincodias.elpais.com

🌐 75% Global Worthiness

Dec 16, 10:09

WiZink Pivots to B2B Strategy, Reevaluates WiZink Center Sponsorship

WiZink, a digital bank, plans a strategic shift from B2C to B2B services by 2028, aiming to increase B2B's contribution to its bottom line from 20% to 40%, reevaluating sponsorships like the WiZink Center, and canceling the sale of its Portuguese subsidiary.

WiZink Pivots to B2B Strategy, Reevaluates WiZink Center Sponsorship

WiZink, a digital bank, plans a strategic shift from B2C to B2B services by 2028, aiming to increase B2B's contribution to its bottom line from 20% to 40%, reevaluating sponsorships like the WiZink Center, and canceling the sale of its Portuguese subsidiary.

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How will WiZink's strategic shift affect its sponsorship activities, and what are the potential economic consequences of this change?

This strategic shift reflects WiZink's success in B2B partnerships with companies like Cepsa and Aliexpress. The bank aims to leverage this momentum for growth, particularly in Spain, while maintaining a more balanced approach in Portugal. This realignment is expected to improve the bank's financial performance and potentially return to profitability.

nos.nl

🌐 75% Global Worthiness

Dec 6, 19:10

Millions of Dutch Struggle with Digital Banking

A report reveals millions of Dutch adults struggle with digital banking services like online payments and account openings, highlighting the need for improved accessibility and support for vulnerable groups.

Millions of Dutch Struggle with Digital Banking

A report reveals millions of Dutch adults struggle with digital banking services like online payments and account openings, highlighting the need for improved accessibility and support for vulnerable groups.

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What are the primary factors contributing to the growing number of people requiring assistance with banking services?

The increasing reliance on digital banking exacerbates existing inequalities, particularly affecting older adults (3.7 million 65+). Lack of internet access (200,000), visual or hearing impairments, and digital illiteracy contribute significantly to this issue. The inability to independently contact banks for assistance further compounds the problem.

bbc.com

🌐 75% Global Worthiness

Feb 28, 13:11

Widespread UK Banking App Outage Disrupts Payday Transactions

Thousands of UK banking app users experienced outages on Friday morning, impacting Lloyds Bank, Halifax, TSB, and Bank of Scotland apps, disrupting transactions on payday, highlighting over-reliance on technology.

Widespread UK Banking App Outage Disrupts Payday Transactions

Thousands of UK banking app users experienced outages on Friday morning, impacting Lloyds Bank, Halifax, TSB, and Bank of Scotland apps, disrupting transactions on payday, highlighting over-reliance on technology.

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What factors contributed to the severity of the disruption caused by the Lloyds Banking Group app outage?

The widespread banking app outage impacted numerous UK customers on payday, highlighting the increasing reliance on digital banking and the potential consequences of technological failures. This incident follows a similar Barclays outage in January, further emphasizing the vulnerability of the system.

welt.de

🌐 75% Global Worthiness

Feb 10, 13:08

ING Germany's New CEO Focuses on Growth Amidst Heightened Competition

Lars Stoy, new CEO of ING Germany since January 2024, aims to drive growth after a year where the bank attracted 600,000 new customers, despite facing increased competition from younger banks and the upcoming entry of J.P. Morgan.

ING Germany's New CEO Focuses on Growth Amidst Heightened Competition

Lars Stoy, new CEO of ING Germany since January 2024, aims to drive growth after a year where the bank attracted 600,000 new customers, despite facing increased competition from younger banks and the upcoming entry of J.P. Morgan.

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What are the immediate challenges and opportunities facing Lars Stoy as the new CEO of ING Germany?

Lars Stoy, ING Germany's new CEO, started his role in January 2024, succeeding a period of customer service challenges at his previous employer, Deutsche Bank. His appointment surprised many due to his perceived lack of recent success at Deutsche Bank, although no specific failures were attributed to him.

faz.net

🌐 75% Global Worthiness

Jan 29, 19:11

German Banks Invest in Modern Branches to Counter Digitalization

Despite Germany seeing a decline in bank branches, institutions like Deutsche Bank are investing in modern branch concepts emphasizing personal consultations to build trust and offer expert advice, recognizing that human interaction is crucial for complex financial decisions.

German Banks Invest in Modern Branches to Counter Digitalization

Despite Germany seeing a decline in bank branches, institutions like Deutsche Bank are investing in modern branch concepts emphasizing personal consultations to build trust and offer expert advice, recognizing that human interaction is crucial for complex financial decisions.

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What are the specific challenges and opportunities presented by the declining number of bank branches, and how are banks responding?

Many banks initially closed branches due to decreased foot traffic, but now recognize the need for a new approach to customer engagement. Investments in modern branches aim to maintain personal contact, understand customer needs, and build trust, which is seen as a key differentiator in the financial sector and cannot be replicated by digital channels alone. This shift counters the initial assumption that digitization would lead to a complete abandonment of physical branches.

jpost.com

🌐 75% Global Worthiness

Jan 10, 10:08

Lili Wins Top Ranking for Best SMB Banking App

Lili, a U.S. fintech startup, won Tearsheet's top ranking for best SMB banking app, offering a free, all-in-one platform with AI-powered tools to over 600,000 U.S. business owners, simplifying financial management.

Lili Wins Top Ranking for Best SMB Banking App

Lili, a U.S. fintech startup, won Tearsheet's top ranking for best SMB banking app, offering a free, all-in-one platform with AI-powered tools to over 600,000 U.S. business owners, simplifying financial management.

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What is the primary impact of Lili's win on the U.S. SMB financial services landscape?

Lili, a U.S. fintech startup, secured first place in Tearsheet's ranking for best bank and app for small and medium-sized businesses (SMBs). Its fee-free platform, serving over 600,000 users, streamlines banking, accounting, and tax management, offering features like AI-powered financial guidance and educational resources.

nos.nl

🌐 75% Global Worthiness

Dec 6, 19:10

Millions of Dutch Adults Struggle with Banking Services

A report reveals that millions of Dutch adults struggle with online banking and other banking services, highlighting a significant decline in self-sufficiency over the past four years, despite bank initiatives aimed at improving digital literacy.

Millions of Dutch Adults Struggle with Banking Services

A report reveals that millions of Dutch adults struggle with online banking and other banking services, highlighting a significant decline in self-sufficiency over the past four years, despite bank initiatives aimed at improving digital literacy.

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What is the extent of the problem and what are the immediate consequences of the rising number of Dutch adults requiring assistance with their banking transactions?

The number of Dutch adults needing help with banking, especially online banking, has significantly increased over the past four years, impacting millions. This is according to a report by Maatschappelijk Overleg Betalingsverkeer, involving banks, the Dutch central bank, and consumer groups. Self-sufficiency in various banking services has declined across the board.

news.sky.com

🌐 75% Global Worthiness

Dec 5, 01:11

Zopa Secures £80m in Funding, Boosting IPO Prospects

Zopa, a British digital bank, secured £80 million in funding this week from investors including AP Moller and Silverstripe, boosting its valuation and furthering its plans for a London Stock Exchange listing.

Zopa Secures £80m in Funding, Boosting IPO Prospects

Zopa, a British digital bank, secured £80 million in funding this week from investors including AP Moller and Silverstripe, boosting its valuation and furthering its plans for a London Stock Exchange listing.

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How will Zopa's £80 million funding round impact its growth and potential IPO?

Zopa, a British digital bank, secured £80 million in funding this week, exceeding its previous valuation. This includes investment from AP Moller's investment arm and existing investors like Silverstripe, solidifying its position as a tech unicorn.

Showing 13 to 24 of 24 results