Our Scans
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(FS.1.08) Future Of Banking
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Weekly Summary
[New] Apple has denied users access to digital wallets that would have provided a wide variety of enhanced features and denied digital wallet developers - often banks - the opportunity to provide advanced digital payments services to their own customers.
FinExtra
[New] The Bank for International Settlements and three central banks have developed a generative artificial intelligence tool to help measure climate risks in the financial system.
Central Banking
[New] Central banks worldwide are exploring the potential of issuing digital currencies on blockchain networks.
Analytics Insight
[New] The World Bank promotes inclusive and sustainable economic growth, with an emphasis on providing good jobs, ensuring equal access to opportunities, and fostering innovation in fields such as renewable energy and digital technology.
The Student Lawyer
[New] The proliferation of technology has greatly increased organisational exposure to complex cyber risks, while the surge in e-commerce and digital banking across the Middle East has generated a heightened need for security.
Intelligent CIO Middle East
[New] Central Bank, a leading Midwest regional bank, will use TCS BaNCS to update its core technology infrastructure, drive innovation, and strengthen customer relationships.
MarketScreener
[New] The licenses granted by the Central Bank of the UAE enable EITC to introduce innovative financial solutions that will contribute to the development of an advanced, modern, future-ready financial ecosystem across the UAE.
Observer Dubai
[New] Central Bank Digital Currencies (CBDCs): Central banks worldwide are exploring the potential of issuing their own digital currencies, known as CBDCs, to modernize financial systems and enhance monetary policy effectiveness.
Deccan Chronicle
With open banking in Europe and the rise of variable recurring payments, there is an opportunity to address challenges and offer more seamless and cost-effective processes than traditional bank transfers.
Raconteur
Apple, which allows customers to connect their bank accounts to their iPhone's Wallet app, will account for the majority of activity in open banking - a system paid for by major banks - by the end of 2024.
The Telegraph
Bringing together leading executives from finserv, banking, insurance and more across the Middle East and Africa, FinTech LIVE Dubai will gather leading executives from the Fintech industry to deep dive into the current trends, innovations, movements and more.
BizClik Media Ltd.
Bringing together leading executives from finserv, banking, insurance and more across North America, FinTech LIVE New York will gather leading executives from the Fintech industry to deep dive into the current trends, innovations, movements and more.
BizClik Media Ltd.
Lloyds Banking Group plans to cut hundreds of jobs across its branches, increasing the focus on its digital offering given more customers bank online.
MarketScreener
The SSM supervisory priorities for 2024-26 establish that banks should address the information and communication technology (ICT) and security risks stemming from the digitalization of banking services.
FinExtra
With the adoption of RuPay technology, the MauCAS card scheme of Mauritius will enable banks in Mauritius to issue RuPay cards domestically, which can be used at ATMs and point of sale (PoS) terminals locally in Mauritius as well as in India.
Lexology
As the digital euro could be pivotal in retail banking and how people in the EU operate financially in the future, it's a good time to catch up on what we know about the digital euro as of 2024, and what when we can expect further advancements.
FinExtra
In 2024, open banking will go beyond the pilot services and consumers will get a new experience in banking services.
The Astana Times
The digital transformation of banking is well underway, but 2024 will be a pivotal year as financial institutions double down on the next generation of technology and data analysis.
FinExtra
The Spanish banking sector is poised for significant progress in the area of digital banking, a growth which will be driven by increased innovation in the business banking category.
Fintech Schweiz Digital Finance News - FintechNewsCH
By proactively addressing climate risks, banks can safeguard their financial stability and contribute to the broader effort to combat climate change and protect the planet for future generations.
EPAM Anywhere
With the adoption of RuPay technology, the MauCAS card scheme of Mauritius will enable banks in Mauritius to issue RuPay cards domestically.
Bank of Mauritius
In addition to increased consumer vigilance, 2024 will deliver global regulatory change focused on consumer protections, underscoring the need for banks to address the challenge head-on and quickly.
SAS Voices
The adoption of Ripple technology by banks has the potential to disrupt traditional banking models, making them more competitive and customer-centric.
Business Matters
Last updated: 28 March 2024
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