Guaranty Trust Bank (GTBank) of Nigeria has undertaken a significant step in modernizing its operations by adopting the Finacle core banking system supplied by Infosys. This move marks a comprehensive digital transformation aimed at enhancing operational efficiency and customer experience across
Meeting the digital moment in banking In modern times, the digital-first customer expects more from every interaction, including those with their bank—convenience, security, and seamless service are just the starting points. But with the rise of fintech companies and the demand for a unique touch
In a strategic effort to bolster its wealth management sector, Standard Chartered is contemplating the sale of its wealth and retail banking units in Botswana, Uganda, and Zambia. This potential move aligns with the bank's overarching strategy to streamline its business by concentrating on
In recent years, the concept of Open Banking has gained significant traction, driven by the need for more transparent and efficient financial services. As a result, the global Open Banking market is poised for substantial growth, with its value expected to increase from USD 35.4 billion in 2024 to
In the rapidly evolving realm of cryptocurrency, a noteworthy partnership has emerged aimed at addressing one of the industry's most pressing demands: seamless, round-the-clock trading capabilities for institutional investors. OKX, Forteus, and Komainu have joined forces to create robust and
In a move that has rattled financial markets and left economists speculating about the potential fallout, President-elect Donald Trump has threatened to impose new tariffs on top trading partners, Mexico, Canada, and China. Trump announced on his Truth Social network that he plans to levy a 10%
The financial services industry is currently undergoing a seismic shift, driven by the increasing adoption of Banking as a Service (BaaS) models powered by APIs (Application Programming Interfaces). This modern approach is fundamentally changing how financial products and services are accessed and
In a significant move to bolster regulatory oversight and curtail regulatory arbitrage, the Bangko Sentral ng Pilipinas (BSP) is scrutinizing lenders operating similarly to digital banks, potentially necessitating them to obtain digital banking licenses. This initiative, led by BSP Director for
In a significant move set to transform Mexico's digital payment landscape, Mexico City-based neobank Albo has announced a strategic partnership with issuer-processor Paymentology. This collaboration encompasses various initiatives aimed at expanding Albo's portfolio of digital payment
The wealth management industry is currently navigating a transformative period, grappling with systemic issues related to data management and technology integration, which are becoming major impediments to growth and operational efficiency within Australia's sector. According to a recent
