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Tag: banking
Digital Trends and Technologies Transforming CX in Banking and Finance
Article was originally published at TenFold. The financial services sector is in for a challenge. By 2020, it’s estimated that digital natives will make up half of the world’s population. These digital natives will not just comprise the new workforce, they will also define the new breed of customers for financial services companies. The taste of this […]
A rare bipartisan moment allows a timid rollback of banking regulation
REPUBLICANS in the House of Representatives had hoped to cut a swathe through the Dodd-Frank act, a titanic set of financial regulations passed in 2010 in the wake of the 2007-09 crisis. The “Financial Choice Act”, drafted last year, would have lessened bureaucratic oversight and relied more on stiff capital requirements. Responsibilities and penalties would […]
Billionaire banking heir and cryptocurrency investor Matthew Mellon dies in rehab at 54
Dimitrios Kambouris/Getty Images for Dom Perignon Billionaire Matthew Mellon is dead at 54. He died at a rehab facility in Mexico after struggling with an addiction to painkillers. Mellon is a descendant of the founders of Mellon Bank and investment bank Drexel Burnham Lambert. In recent years he made a reported $ 1 billion investing in […]
Deutsche Bank’s cohead of investment banking is reportedly thinking about leaving
REUTERS/Kai Pfaffenbach Garth Ritchie, Deutsche Bank’s top markets chief and global cohead of investment banking, is thinking about leaving the firm as soon as this year, according to a report from The Wall Street Journal. The WSJ’s Jenny Strasburg reports that Ritchie has had “multiple conversations” with Deutsche Bank’s chairman, Paul Achleitner, about leaving the […]
IDENTITY VERIFICATION IN BANKING: How banks are using new authentication methods to boost conversions and keep their customers loyal
BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. The way incumbent banks onboard and verify the identities of their customers online is inconvenient and insecure, resulting in lowered customer satisfaction and loyalty, and security breaches leading to compensation […]
European mobile banking startup N26 raises $160 million from Tencent and Allianz
Mobile banking startup N26 has raised $ 160 million in a series C round of funding from Allianz Group’s investment arm Allianz X and Chinese tech titan Tencent. Founded in 2013 as “Number26,” the Berlin-based startup rebranded as N26 two years ago when it obtained its own banking license. The company serves 850,000 customers across…Read […]
Heidi Heitkamp Takes On Elizabeth Warren Over the Senate Banking Bill
Don’t expect Heidi Heitkamp and Elizabeth Warren to be campaigning together anytime soon. For the past week, Warren has been telling anyone who will listen that one-third of her fellow Democrats in the Senate are caving to Wall Street and bank lobbyists by joining Republicans in legislation to roll back a part of the 2010 […]
IDENTITY VERIFICATION IN BANKING: How banks are using new authentication methods to boost conversions and keep their customers loyal
BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. The way incumbent banks onboard and verify the identities of their customers online is inconvenient and insecure, resulting in lowered customer satisfaction and loyalty, and security breaches leading to compensation […]
A Provision Hidden in the Banking Bill Could Hurt Black Homeowners
Imagine two families in Mobile, Alabama, trying to buy a home. The households are similar in many ways. They have roughly the same income and employment history. They are seeking to buy similar three-bedroom ranches in comparable, quiet neighborhoods. They both want a loan from the same local bank, and both want to put down […]