Our everyday lives are now embedded with personalised products, services and experiences. Whether it is what appears on our social media feeds, the new series Netflix suggests to us, clothing suppliers which will curate a new wardrobe selection, or supermarkets providing offers based on your previous purchases; personalisation now reaches almost every sector.
If bank branches seem emptier these days, it is because a majority of staff are working from home, heeding COVID-19 restrictions. And most of them prefer the WFH arrangement. Banks have had to implement a number of operational changes to accommodate the WFH model, balancing employee health with productivity and accountability concerns.
It’s no secret that SMEs play a significant role in the UK economy. As of 2020, there are 5.9 million SMEs in the UK, contributing about 50% of its GDP. It goes without saying that the pandemic has put SMEs in a precarious position. Empowering them to grow again will be vital to the UK’s recovery – they hold the key to our GDP, the job market and to their communities.
Wonder-App DaviPlata Undergoes Major Expansion in Customer Support to Massively Boost Financial Inclusion in Colombia
Colombia’s digital-banking maverick, Banco Davivienda, has strengthened its position through fully exploiting its app DaviPlata to meet the challenges imposed by the pandemic. By simplifying processes such as completing retail purchases to receiving government funds, DaviPlata has succeeded in financially including much of the population.
Fraudsters are attracted to money, and unfortunately for banks, they draw more than their share of fraudsters’ attention, resulting in the loss of sizeable amounts of revenue to hackers. Technology is helping banks fight cyberattacks but also aiding cyber-crooks. Is it a lost cause, or can banks win the battle using the right innovation?
With COVID-19 still dominating the narrative across the global banking industry, arguably the biggest challenge lenders will face in 2021 is how best to maximise the customer experience amidst such a challenging environment. Indeed, given the low interest rates that have continued to weigh heavily on banks’ net interest income (NII)
It’s fair to say that 2020 has been among the most consequential years ever for the fintech (financial technology) industry. Thanks in no small part to a deadly pandemic that swept across much of the world, consumers, households and businesses alike have all had to depend on the digital world a whole lot more than at any time previously.
We all love to be popular, but banks could forgo the increasingly sophisticated attention of cyber-criminals who are employing the latest technologies to commit cyber-theft, with the financial industry as their favourite target. Can banks do anything to protect themselves, or are they helpless victims of this new breed of bank thief? Fortunately, there are practical steps that banks—and customers—can take to strengthen their armour against cyber-security breaches.
As COVID-19 continues to transform our daily lives in significant ways, traditional banking models have come under intense pressure. Technology is facilitating a rapidly evolving landscape for financial services, with the execution of financial transactions no longer solely under the stewardship of conventional financial institutions.
BDO Unibank has been the bank of choice for Filipinos for decades, rewarded for its dedication to satisfying customers’ needs with high rankings. The Philippines’ Enhanced Community Quarantine has tested BDO’s dedication to its stated values, but it has proven faithful to its CORE commitments to clients. Even in stressful times, BDO is on track to fulfil its vision of serving as many customers as possible as expertly as possible.