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: 11.08.2022.

#fintech
#banking
#AI
#MachineLearning
#finserv
#DataScience
#fisnerv
#CashlessSociety
#mortgage
#MaaS

@sallyeaves shared
On Aug 8, 2022
RT @JimMarous: AI Maturity in Banking Lags All Other Industries https://t.co/hyJf400adv #banking #fintech #AI #MachineLearning #DataScience @DeepLearn007 @rshevlin @SpirosMargaris @cgledhill @KirkDBorne @HaroldSinnott @Xbond49 @YuHelenYu @jblefevre60 @sallyeaves @Nicochan33 @ipfconline1 https://t.co/5Icsqjt0SN
Open
AI Maturity in Banking Lags All Other Industries

AI Maturity in Banking Lags All Other Industries

Despite emphasis on data and the deployment of many artificial intelligence solutions, banking is far from achieving the full benefits of AI investment.

@sallyeaves shared
On Aug 9, 2022
RT @Xbond49: Can #fintech #innovation be a force for good #socialimpact ? https://t.co/9hz60UF29u #TechForGood #ESG #finserv #FinanceInclusion @SpirosMargaris @sallyeaves @AdamRogers2030 @efipm @psb_dc @AkwyZ @jblefevre60 @JBarbosaPR @Paula_Piccard @HeinzVHoenen @Nicochan33 @JimMarous @AkwyZ
Open
Can fintech innovation be a force for good social impact?

Can fintech innovation be a force for good social impact?

With social impact rising up the corporate agenda, Paynetics CEO Mike Peplow considers the role that fintech innovation can play

@leimer shared
On Aug 8, 2022
The Bank of London to open new tech hub in Charlotte, creating 350 jobs https://t.co/dogc4Dv8b7 via @Finextra
Open
The Bank of London to open new tech hub in Charlotte, creating 350 jobs

The Bank of London to open new tech hub in Charlotte, creating 350 jobs

Global clearing and transaction banking startup, The Bank of London, is to open Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by 2026.

@SabineVdL shared
On Aug 8, 2022
Why fintechs are banking on the metaverse https://t.co/ehFTjx7KTr via @raconteur #entrepreneurship #tech
Open
Why fintechs are banking on the metaverse

Why fintechs are banking on the metaverse

Finance firms are spending big on the metaverse in a bid to establish a presence in the virtual world. But are the rewards worth the risks?

@FinMKTG shared
On Aug 8, 2022
RT @enricomolinari: [#cybersecurity + #banking] Banks to spend additional $31 bn on #AI to reduce frauds @TheStatesmanLtd https://t.co/baitIjZTuy @enricomolinari #finserv #marketing #fintech @Julez_Norton @sarbjeetjohal @bworden @DrJDrooghaag @TamaraMcCleary @stratorob @JolaBurnett @TrippBraden https://t.co/21dcqJk7EA
Open
Banks to spend additional $31 bn on AI to reduce frauds

Banks to spend additional $31 bn on AI to reduce frauds

Similarly for banking executives worldwide, fraud management is featured strongly as a priority, the IDC report mentioned.

@leimer shared
On Aug 11, 2022
RT @JimMarous: Mortgage-as-a-Service Offered by @RocketMortgage and @Q2_Software https://t.co/iRWxRbjxG8 #banking #fintech #mortgage #MaaS @rshevlin @RAlexJimenez @SpirosMargaris @psb_dc @HaroldSinnott @pierrepinna @Xbond49 @jasonhenrichs @Ronald_vanLoon @YuHelenYu @mi_jim https://t.co/w1DPpRfATB
Open
How All Banks Can Now Offer Industry-Leading Digital Mortgages

How All Banks Can Now Offer Industry-Leading Digital Mortgages

Rocket Mortgage and Q2 collaborate to provide best-in-class digital mortgage application services for traditional banks and credit unions.

@efipm shared
On Aug 8, 2022
#EmbeddedFinance: navigating the challenges #fintech @SpirosMargaris @Capital_FinServ @marcpbernegger @HaahrMarianne https://t.co/jdRxy7E2zy
Open
Embedded finance: navigating the challenges

Embedded finance: navigating the challenges

In addition to meeting regulatory requirements, there are some other challenges to be aware of before entering the world of embedded finance.

@FinMKTG shared
On Aug 8, 2022
RT @SpirosMargaris: Cost of living: People turning back to #cash as prices rise https://t.co/41wIwnlyVl #fintech #fisnerv #banking #CashlessSociety #inflation @NoorNanji @BBCNews @psb_dc @JimMarous @andi_staub @cgledhill @Visible_Banking @Xbond49 @davidjmaireles @efipm @NeiraOsci @jaypalter https://t.co/7D6aNSZcf4
Open
Cost of living: People turning back to cash as prices rise

Cost of living: People turning back to cash as prices rise

Post Offices handled a record £801m in personal cash withdrawals in July.