Open banking provides both a threat and opportunity for financial institutions in the future. Banks and credit unions can either sit on the sideline, or leverage the power of open APIs to compete with both small and big fintech providers. Regulations around open banking, like PSD2, will soon prove to be a boon for technology giants…
As transactions continue to leave the bank branch and the cost structure of supporting physical facilities places legacy organizations at a disadvantage, more banks and credit unions are considering a digital-only delivery alternative. Is this a viable strategy for the future? Digital transformation a survival strategy for banks today. Retail banks in the United States…
Facebook-owned messaging platform WhatsApp has recently launched its payment feature in India, allowing the country’s 200 million users to transfer money through the application. Today, India is one of the biggest markets for WhatsApp. Already having been threatened by the disruptive FinTech startups, banks in India are feeling the heat from the tech giant’s new…