Future of Money

Digital Transformation in Banking News

Digital Transformation in Banking by Essentials is the daily digest that only curates the most insightful news from trusted experts in the industry of online banking. Discover all the latest in digital banking trends, find out what's in store for the future of fintech, and much more.

Top news of the week: 02.12.2021.

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Digital Transformation In Banking

@stratorob shared
On Nov 29, 2021
RT @richardturrin: 6 #Digital Banking Transformation Trends for 2022 #Digitaltransformation 6 of 10 say only partially deployed! @psb_dc @BetaMoroney @leimer @spirosmargaris @efipm @BrettKing @stratorob @jimmarous #fintech #CashlessChina #CBDC https://t.co/Qak1iEjNQU https://t.co/5fmqpH4R5e
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6 Digital Banking Transformation Trends for 2022

6 Digital Banking Transformation Trends for 2022

Banking still lags in several key areas of transformation. The difference now is that the urgency to move forward quickly is much greater.

@SabineVdL shared
On Nov 30, 2021
RT @psb_dc: Thought Machine closes $200M for its #cloud native #banking SaaS and becomes a #unicorn cc @avrohomg @YuHelenYu @SabineVdL https://t.co/SD184ZyZf4 via @riptari https://t.co/i1k2bQonUh
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Thought Machine closes $200M for its cloud native banking SaaS and becomes a unicorn

Thought Machine closes $200M for its cloud native banking SaaS and becomes a unicorn

Thought Machine, a 2014 (Xoogler) founded startup that sells cloud-based b2b banking services, has closed a $200 million Series C round and announced that it’s achieved unicorn status (aka, ...

@efipm shared
On Nov 30, 2021
📌 Congrats to @thoughtmachine for $200M raise + new #unicorn A #fintech helping banks enter the #cloud hits $1B valuation in JPMorgan-backed investment https://t.co/EJWFX1WjYv #Saas #data @Damien_CABADI @Visible_Banking @ChrisGGarrod @Nicochan33 @linasbeliunas @SusanneChishti https://t.co/GIEii9QeFn
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A fintech helping banks enter the cloud hits $1 billion valuation in JPMorgan-backed investment

A fintech helping banks enter the cloud hits $1 billion valuation in JPMorgan-backed investment

Thought Machine says its software helps big banks move away from legacy IT infrastructure to a modern, cloud-based platform.

@efipm shared
On Nov 30, 2021
RT @JimMarous: The X1 Credit Card Has Everything a Younger Customer Wants. https://t.co/0ydDrTeyN0 #banking #fintech #CreditCard #GenZ #X1Card #BankingTransformed @x1creditcard @sidbatra @SpirosMargaris @pierrepinna @rshevlin @cgledhill @Xbond49 @dmgerbino @efipm @HaroldSinnott @stratorob https://t.co/GVrUQi5YfA
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The X1 Credit Card: A Unique Option for Younger Consumers

The X1 Credit Card: A Unique Option for Younger Consumers

« VIEW FULL LIST OF PODCASTS FEATURING: Siddharth Batra, co-founder of X1 Card The X1 credit card harnesses the power of technology to offer higher credit

@sammaule shared
On Dec 1, 2021
Good. Cannabis and banking vets launch credit card for dispensaries https://t.co/Osv7RfzbXW via @techcrunch
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Cannabis and banking vets launch credit card for dispensaries

Cannabis and banking vets launch credit card for dispensaries

Most consumer cannabis transactions are done in cash, legal or not. Since the United States classifies cannabis as a Title IV drug, the banking industry is unwilling and unable to provide ...

@BrettKing shared
On Dec 2, 2021
RT @JimMarous: The Expanding Gap in Financial Performance Between Banks and Fintechs Should Frighten Bankers. https://t.co/zdS9vjHKJj #banking #fintech #finserv @SpirosMargaris @DeepLearn007 @ipfconline1 @rshevlin @McKinsey @jblefevre60 @RAlexJimenez @HaroldSinnott @sallyeaves @Nicochan33 https://t.co/8dpfaQDPSz
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The Expanding Gap in Financial Performance Should Frighten Bankers

The Expanding Gap in Financial Performance Should Frighten Bankers

There is a significant performance gap between digitally-ready financial institutions and those encumbered by legacy business models.

@cgledhill shared
On Nov 30, 2021
Are Neobanks Really The Future of Banking? https://t.co/TWoxj2Pe4F #fintech https://t.co/5Yzp1K4atF
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Are Neobanks Really The Future of Banking?

Are Neobanks Really The Future of Banking?

Neobanks are changing the face of the Fintech community and they might replace traditional banks but are neobanks the future of banking?. Let's find out

@Finextra shared
On Nov 30, 2021
Finextra Long Read: Banking as a Service requires an ‘outside-in’ approach https://t.co/btyca79ceU #fintech https://t.co/ZdqJjpRaxL
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Banking as a Service requires an ‘outside-in’ approach

Banking as a Service requires an ‘outside-in’ approach

A mindset shift is permeating the banking sector. Historically, banks were closed shops, focused on ...