Financial wellness at a personal level..Cognizant Plenty of banks offer financial wellness tools. But by personalizing these offerings, they can support customers while also reinvigorating their brand, notes Andrew Warren, a leader in Cognizant’s UK & Ireland Banking and Financial Services practice. With the explosion of digital banking during the pandemic, financial institutions (FIs) have their sights […]
The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank account product nearly two years after announcing ambitious plans to take on the retail finance […]
Mashreqbank PSC, Dubai’s third-biggest lender, plans to move nearly half of its employees to cheaper locations and allow some others to work from home as part of a dramatic reorganization that will spare its Emirati staff, according to people familiar with the matter. The oldest privately owned bank in the United Arab Emirates notified employees […]
Working around the clock, seven days a week, the computers were part of the largest concentration of Bitcoin mining power in the world. By solving and packaging complex “blocks” of encrypted data, the machines helped secure and expand the worldwide network of digital currency. And in return for their work, they generated vast fortunes for […]
OBSERVATIONS FROM THE FINTECH SNARK TANK In 2019, half of all community banks and credit unions opened less than 5% of their new checking account applications in digital channels. Granted, there were some who opened far more than 50% of their checking accounts digitally—but they were few and far between. But community banks and credit […]