Banking on Fintech Collaboration and Partnership

Banking on Fintech Collaboration and Partnership

By • on July 26, 2019

The IT-Online site noted that if banks are to modernize their business models to better serve their customers and meet their high expectations for convenience and value – their operating models must change. It is not only banks’ operating models that are not adequately suited to modern demands. The management culture is still all too often focused

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Bank Leumi on Creatively Solving Problems in a New Way

Bank Leumi on Creatively Solving Problems in a New Way

By • on February 14, 2019

The  Jerusalem Post quoted a spokesperson for Bank Leumi who noted that “innovation is a very broad area; innovation in the financial industry stems from both ‘internal innovation’ and ‘open innovation.’ Internal innovation involves changing the banking culture from within and empowering

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Virtusa’s Open Innovation Platform Powers Open Banking in Middle East

Virtusa’s Open Innovation Platform Powers Open Banking in Middle East

By • on January 18, 2019

The Telecompaper website reported that Virtusa, a digital business company, has announced the successful implementation of the Middle East region’s first Open Banking Sandbox with Emirates NBD, a leading banking group in the United Arab Emirates . The Open Innovation Platform, developed by Virtusa’s

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The Digital Personality of Financial Services

The Digital Personality of Financial Services

By • on August 18, 2018

The BW Business World website noted that when a leading financial institution creates a core platform and opens it up for innovation by all or many, it tends to be driven by a strategic vision of that market leader and a willingness to accelerating innovation through open collaborations. This enables

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BNP Paribas Launches New Investment Fund

BNP Paribas Launches New Investment Fund

By • on February 25, 2018

The Crowdfunder Insider website reported that BNP Paribas, the global Top-10 bank headquartered in France, announced that it is launching its very own investment fund that dedicated to financial services and insurance. The company noted that with the establishment of this new investment fund, it is

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Open Banking: Evolve Or Be Left Behind

Open Banking: Evolve Or Be Left Behind

By • on November 15, 2017

The World Finance website noted that open innovation ascertains that companies need to become less insular and look beyond their own house to cultivate new innovations that will grow their business and enhance their services for end-users. Henry Chesbrough’s philosophy is based on the central idea

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Open Banking Bandwagon

Open Banking Bandwagon

By • on November 29, 2016

The RTN.Asia website reported that Wipro Limited has launched offerings that use the Open Banking API technological platform. Open Banking platform is a Europe-based standard that lets third party developers build applications and services that tap into a bank’s core services and infrastructure. “Open

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