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Tag: Bank

Who said it?: “Our goal is to look for the win-win between the bank and the startup”

The EFMA meeting brought together for two days representatives of global banking and the sector ‘fintech’ with disruptive products, to show how banks are integrating innovative solutions and new business models in their strategy, the result of collaboration with different startups. David Martín, in his panel with Laurent Herbillon, director…

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Everyone wants to go “digital”: How are banks coping with it

With Monday’s announcement by the Central Bank (BCRA) that guarantees that the interest rate will maintain a floor of 62.5%, the monetary entity seeks that the banks raise their rates of the fixed terms, which it considers to be low, with the objective of making them more attractive for investors…

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The Revolut fintech reaches 200,000 customers in Spain

The Fintech Revolut, founded by the investment exbanqueros of Credit Suisse and Deutsche Bank Nik Storonsky and Vlad Yatsenko as a digital alternative to the big banks, has reached 200,000 clients in Spain after a year and a half of operations. Registered operations The entity, based in London, landed in…

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Alternatives to bank credit: FinTech, Crowdlending and direct banks

Self-employed persons, traders and small companies are particularly affected by the new regulations Basel III for banks for lending to companies: For smaller loan amounts of up to 100,000 euros, the ratio between expenditure and income is considered too low or too lucrative from the Bank’s point of view ,…

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Digital transformation: Change in internal culture is the main challenge in banking

Since a little over four years ago, banking in Peru is going through a process of digital transformation, seeking to bring financial services closer to customers, taking advantage of available technologies. In this sense, El Comercio together with Telefónica and Wayra organized the second edition of the CEO Summit Open…

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Banking and fintechs are closer than ever

Open innovation involves opening the innovative processes of a company to many types of information and contributions from abroad. In that direction, the Peruvian financial system has become an example and a reference of what can be achieved from its relationship with ‘startups’, ‘fintechs’ and ‘insurtechs’. The evolution of this…

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What are the challenges of banks in the era of technological revolution?

In the framework of the second edition of the CEO Summit Open Innovation, the main banks of Peru expressed the importance of betting on open innovation hand in hand with the fintech. The central theme of the meeting was “Open Innovation in Financial Services and Banking” and reflected on the…

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Digital banking vs. traditional banking: differences and opportunities

There is no doubt that the irruption of the digital is no longer just a change in the ways of life but a progress of it. Traditional banking can no longer be maintained if it does not update its services and adapts to the demands of increasingly digitized consumer profiles.…

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Google moves its payment services from London to Dublin for the Brexit

The subsidiary Google Ireland Limited will take over the payment platforms in Europe, which until now were managed by Google Payment Ltd. in London The technological giant Google confirmed that it will move from London to Dublin, Ireland, its payment services, given the uncertainty posed by the departure of the…

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Why should banks have a business model like Google and Facebook?

The Bank of Spain is concerned about the progress that large technological corporations such as Google and Facebook can have within the financial sector. Although it is still not clear what role they will play, nor what will be adopted by the big fintechs, the regulator does believe that it…

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