The Future Of Banking

D360 Bank launches operations in Saudi Arabia 🇸🇦 Saudi Central Bank – SAMA has granted D360 Bank approval to commence banking operations in Saudi Arabia. SAMA confirmed D360 Bank as one of three locally licensed digital banks in the Kingdom. Investors in D360 include the Public Investment Fund (PIF) and, Derayah Financial Co. complemented by several financial and investment connoisseurs within the Kingdom. Source/More info: https://lnkd.in/efyVu-Px #digitalbanking #banking #bankingindustry #bankinginnovation

Revolut Launches Major Migration to Romanian Branch Revolut is moving 4M+ Romanian customers from its Lithuanian entity to a local branch, introducing Romanian IBANs in a massive operational shift. Why this matters: • Part of Revolut's aggressive European expansion • Follows similar moves in Ireland, France, Spain, Netherlands, Germany & Italy. Key details: → Gradual migration process throughout 2024 → Old IBANs remain active until December 31, 2024 → EUR 100k deposit protection continues under Lithuanian scheme → Local IBAN will better serve both retail & business customers "Given the size of our portfolio, this complex operational process will take place gradually. While we are confident that our users understand our efforts to simplify their transition to the new service, we also recognize that challenges may arise," said Gabriela Simion, General Manager of Revolut Bank UAB Romania. Customers will receive in-app and email notifications to keep them informed throughout the migration process. Source/More info: https://lnkd.in/evNWGrx4 #banking #bankingindustry #digitalbanking #neobank #challengerbank

UK 🇬🇧 neobanks outpace traditional banks in mobile app downloads for the first time. The digital banking surge has been particularly pronounced in 2024, with neobanks adding 18.6 million users compared to traditional banks' 7.5 million. Digital challengers reaching 71.78 million Android users compared to legacy banks' 71.58 million, according to new data from SplitMetrics. Revolut has emerged as the clear leader among digital challengers, accumulating 15.6 million downloads in 2024. Monzo Bank followed with 1.8 million downloads, while Starling Bank secured 463,000 new users. Traditional banks showed more modest growth, with Lloyds leading at 1.2 million new downloads, followed by Barclays with 1.1 million. Source/more info: https://lnkd.in/d2wQwdxE #digitalbanking #banking #bankingindustry #neobank #challengerbank

Marcel’s Weekly Digital Banking Newsletter | 2024 #51 Weekly Digital Banking news up to Monday, 16th of December 2024. HEADLINES/Featuring: Monzo Bank, audax, Tuum, Lunar, ABN AMRO Bank N.V., 118 118 Money, Santander, Revolut, MNT-Halan, RBC, MobiFin, INETCO Systems Limited And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

Yearly Profit/Loss after tax by independent banking players👇 Source: C-Innovation #banking #bankingindustry #digitalbanking

Marcel’s Weekly Digital Banking Newsletter | 2024 #50 Weekly Digital Banking news up to Monday, 9th of December 2024. HEADLINES/Featuring: Revolut, Lunar, Zopa Bank, NatWest, Santander, HSBC, Barclays, J.P. Morgan, Klar, Mambu And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

Enterprise-Wide AI is a Stepping Stone to Autonomous and Intelligent Banking. Retail banks need to implement AI and generative AI at an enterprise-scale with: ► Robust cloud infrastructure and a solid data foundation; ► Accessible LLM under strong AI governance; and ► In-house expertise and stringent protocols. Further, intelligence needs to be infused throughout all banking operations encompassing products, services, customer care, and engagement. The over-arching goal should be to lay the groundwork for autonomous and intelligent self–driving banks, similar to self-driving car concepts. Read the complete #fintechreport by Capgemini for more interesting info on this topic: https://lnkd.in/eBRUeY9e #digitalbanking #banking #bankingindustry

The Evolution of Retail Banking 👇

Where Are the AI Opportunities for Banks? Many banks remain on the sidelines, waiting for proven results before adopting new technologies. This cautious approach limits AI’s potential and hampers competitiveness. Explore how you can embrace AI with CleverTap’s core four—Trust, Technology, Transactions, and Touchpoints 👇 Download and read the complete #fintechreport for more info: https://lnkd.in/dcsE9jh3 #digitalbanking #ai #banking #bankingindustry

Indian 🇮🇳 Digital Banking Ecosystem by The Digital Fifth 👇 Any companies missing in this market map? Source: https://lnkd.in/dyAU7X2T #banking #digitalbanking #bankingindustry #neobank #corebanking #fintech #india