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Financial institutions can look to financial operations strategies to manage costs when moving their operations to the cloud.  “We all know that financial institutions really operate on relatively thin margins, so having really strong governance, good controls, a good handle on your cloud costs is super important,” Donny Cross, vice president of strategy at scalable…

Things we’re reading today include … ‘Consider yourselves challenged’: Monzo CEO takes aim at legacy banks (uktech.news) Co-op Bank: Anger as payments taken twice from business accounts – BBC News World’s top banks ‘greenwashing their role in destruction of the Amazon’ | Amazon rainforest | The Guardian 7 signs you need a new bank (yahoo.com)……

I recently stumbled across an update of eIDAS. Have you heard of it, eIDAS2? It’s all about our digital identities in the European Union. The first eIDAS – short for electronic Identification, Authentication, and trust Services – tried to sort out all the ways to recognise who you are online. That first version was implemented……

ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the technology.  The pilot funnels only 2.5% of clients’ chats into its gen-AI chatbot, Chief Analytics Officer Bahadir Yilmaz told Bank Automation News at the recent Money2020 Europe event in Amsterdam. The queries sent to the chatbot are selected…

Starling Bank reported its third annual profit after higher interest rates helped boost revenue, as the British mobile lender seeks to roll out its banking software globally. The bank posted a pretax profit of £301.1 million ($384 million) for the 12 months through March compared with £195 million a year earlier, with revenue jumping to…

Technology provider Temenos will integrate Mastercard’s Mastercard Move solution to provide banks with international money transfer capabilities.  Mastercard Move will enable Temenos’ bank clients to use a range of options to cost-effectively route and deliver money, according to a June 4 Temenos release. Banks can choose from a variety of payment options, ranging from cards,…

As Revolut reports exceeding 40 million customers across Europe and Monzo raises $430 million at a $5 billion valuation, many people are thinking that the challengers are no longer challengers. They are banks. Putting it in context, in the UK, NatWest have 14 million retail customers; Monzo has over 9 million. The challenger has matured. Yet, when……

As Revolut reports exceeding 40 million customers across Europe and Monzo raises $430 million at a $5 billion valuation, many people are thinking that the challengers are no longer challengers. They are banks. Putting it in context, in the UK, NatWest have 14 million retail customers; Monzo has over 9 million. The challenger has matured. Yet, when……

As Revolut reports exceeding 40 million customers across Europe and Monzo raises $430 million at a $5 billion valuation, many people are thinking that the challengers are no longer challengers. They are banks. Putting it in context, in the UK, NatWest have 14 million retail customers; Monzo has over 9 million. The challenger has matured. Yet, when……

As Revolut reports exceeding 40 million customers across Europe and Monzo raises $430 million at a $5 billion valuation, many people are thinking that the challengers are no longer challengers. They are banks. Putting it in context, in the UK, NatWest have 14 million retail customers; Monzo has over 9 million. The challenger has matured. Yet, when……