Global Banking Monitor

Wednesday, February 21, 2024

Tag: digital

HSBC Issues Apology After Digital Banking Glitch Locks Out Thousands of UK Customers

Thousands of HSBC (HSBA.L) customers in Britain on Friday reported they were unable to access some mobile and online banking services, the latest in...

ADIB: Best New Digital Feature 2023

We'd like to congratulate the digital banking team at ADIB (Abu Dhabi Islamic Bank) for enhancing their international payments capability in both their mobile...

Riding the Digital Wave: Fintech Trends Reshaping Kazakhstan’s Finance Landscape

Explore the fintech trends reshaping Kazakhstan's financial landscape, from the rise of digital payments and open banking to the growth of super-app ecosystems and the democratisation of capital markets.

OPay Plans to Launch Digital Bank in Egypt

OPay has announced its intention to apply for a digital bank licence in Egypt with a capital of $60m. The company said that this step...

Grab and Sea Urge Singapore to Remove Deposit Cap for Digital Banks

Singapore’s new digital banks backed by Grab Holdings Ltd. and Sea Ltd. are pushing the country’s central bank to lift a cap on deposits...

Digital Transformation of Small Businesses Could Contribute Billions to the Economy

Digitalisation can bring many benefits for New Zealand businesses, including increased productivity, innovation, and better sustainability – and now a new report estimates it...

Kenya Central Bank Deems Digital Currency Not a ‘Compelling Priority’

Kenya's central bank does not consider the issuance of a digital currency a "compelling priority" but it will continue monitoring developments in the area...

RBI Unveils Draft Guidelines to Bolster Security Controls for Digital Payments

The Reserve Bank of India (RBI) on Friday issued a draft master direction on cyber resilience and digital payment security controls for payment system...

Monzo, British Digital Bank, Achieves Monthly Profitability Milestone Following Surge in Lending

Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of the U.K.’s most prominent...

Cambodia Experiences Significant Growth in Digital Payment Usage

In a new report, the National Bank of Cambodia (NBC) said that the country has witnessed a significant increase in mobile payments as more...

Nymbus Secures $70M Funding to Drive Digital Transformation in Banking Sector

Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers, today announced that it raised...

Zimbabwean Banks Explore Offering Loans Supported by New Digital Currency

Banks in Zimbabwe may offer loans using the newly released gold-backed digital tokens as collateral. The digital money that the central bank envisages as eventually...

Gulf’s legacy banks have potential to reinvent themselves as modern digital entities

Banks will face a make-or-break period - or they will be consumed by the digital financial ecosystem movement. These platform-based ecosystems offer jointly developed...

Aravindan Thillai appointed as Chief Digital Officer of Karur Vysya Bank India

We are continually monitoring senior appointments across banks and our attention was caught by the appointment of Aravindan Thillai as Chief Digital Officer of...

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