Digital Banking – DIGIT INFO

India’s HDFC Bank Launches New UPI and CBDC Features

DIGIT — Mon, 02 Sep 2024 06:46:13 +0000

HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed in partnership with fintech companies like Kreditpe, Tonetag, and Payu, aim […]

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A brief history of digital banking

DIGIT — Thu, 20 Apr 2023 13:07:00 +0000

Explore a brief history of digital banking, tracing its evolution from early automation to the integration of new technologies, such as IoT and blockchain.

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Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

DIGIT — Mon, 20 Mar 2023 21:30:16 +0000

On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the […]

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Report: Traditional Banks in Africa Hold Trust Advantage Over Fintechs

DIGIT — Sat, 13 Nov 2021 21:19:42 +0000

A recent report by CR2 on Africa’s fintech transformation suggests traditional financial institutions can still be a part of the fintech financial revolution if they leverage one of their most significant assets: client trust. Partnerships Between Banks and Fintechs The report urges financial institutions that wish to accelerate their advance to success in the fintech […]

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Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments

DIGIT — Sat, 09 Oct 2021 22:00:01 +0000

In preparation to regulate its fintech space, the government of Sri Lanka has established a special committee tasked to formulate the country’s policy on digital banking and crypto-related activities. The committee comprises professionals from the public and private sectors. New Committee to Propose Rules for Blockchain Industry in Sri Lanka Sri Lankan authorities have unveiled […]

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Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund

DIGIT — Fri, 01 Oct 2021 12:30:47 +0000

Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech companies. According to a report, this fund is expected primarily to target the digital banking and financial services sector. Fintech Apps Targeted Fintech apps that can extend banking and financial services to all segments of […]

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Q2’s Banking Platform to Enable Over 18 Million Users to Buy, Sell, Hold Bitcoin

DIGIT — Thu, 24 Jun 2021 15:00:24 +0000

Q2’s digital banking platform, which currently powers nearly 30% of the top 100 banks in the U.S., will allow more than 18.3 million registered users to buy, sell, and hold bitcoin. Q2 Holdings Inc. (NYSE:QTWO) provides digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies globally. According to the company, […]

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