Banking on Fintech Collaboration and Partnership
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
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
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 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
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
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
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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