Deutsche Bank Raises Concerns Over AI Growth Deutsche Bank has issued a stark warning about the artificial intelligence boom. According to its latest analysis, the current pace of AI growth is unsustainable unless technology spending rises dramatically. The bank noted that this level of “parabolic” spending is highly unlikely in the near term. The Cost […]
Category: BankingTech
RUUT: A New Challenger Set to Enter the UK Digital Banking Market.
RUUT Prepares to Disrupt UK Banking A fresh competitor, RUUT, is preparing to step into the UK digital banking scene. With the rise of fintech innovation, RUUT aims to offer customers a smarter, faster, and more transparent way to manage money. Challenger Banks on the Rise Over the past decade, digital-only banks such as Monzo, […]
Fiinu to Acquire FX Firm Everfex in £12M Reverse Takeover.
UK-based fintech company Fiinu has announced plans to acquire foreign exchange specialist Everfex in a £12 million reverse takeover, marking a significant step in its growth and diversification strategy. The deal is expected to strengthen Fiinu’s service portfolio and open new opportunities in the global FX market. A Strategic Growth Move Fiinu, best known for […]
Citizens’ Bets on ‘Open Banking’ to Ease Account Switching.
In a strategic move to enhance customer experience and embrace financial innovation, Citizens Financial Group is placing its bet on open banking to simplify one of the most painful processes in consumer banking—switching accounts. For years, changing banks has been a headache for customers. From re-routing direct deposits to updating automatic payments, the process is […]
Trump’s Tariff Shock May Complicate RBI’s Rate Call
Global Headwinds Hit Home With Donald Trump signaling a potential return to aggressive tariff policies, global markets are bracing for renewed trade tensions. For India, this development could directly impact the Reserve Bank of India’s (RBI) monetary policy decisions in the upcoming quarters. Pressure Builds on Inflation and Imports Trump’s proposed tariffs on Chinese goods […]
Big Banks Are Upgrading Their SMB Offerings—But Community Banks Still Have the Edge.
As large banks double down on digital transformation to attract small and medium-sized businesses (SMBs), a competitive shift is underway in the financial sector. From AI-powered insights to custom fintech partnerships, big banks are investing heavily to capture more of the SMB market. Yet, community banks continue to hold a strong advantage—one built on personalization, […]
Accenture Acquires Aristal to Boost Southeast Asia Banking Tech.
Accenture has announced the acquisition of Aristal, a Singapore-based technology firm specializing in core banking solutions and digital transformation services. The move is part of Accenture’s ongoing strategy to strengthen its position in Southeast Asia’s fast-growing financial services market. This acquisition underscores the consulting giant’s commitment to helping banks modernize legacy systems, accelerate cloud adoption, […]
Quantum Technology’s $622 Billion Opportunity Could Transform Banking and Finance: WEF.
According to the World Economic Forum (WEF), quantum technology holds a staggering $622 billion opportunity, with the potential to reshape the banking and financial services sector. As the industry grapples with evolving security threats, data complexity, and the demand for lightning-fast analytics, quantum computing is emerging as a game-changer. 💡 What Is Quantum Technology? Quantum […]
ACI Worldwide Partners With MongoDB and Microsoft to Meet New Global Banking Regulations.
In response to tightening global financial regulations, ACI Worldwide, a leader in real-time payments software, has announced strategic partnerships with MongoDB and Microsoft. The collaboration aims to modernize payment infrastructure and help banks worldwide comply with emerging regulatory standards while ensuring seamless, secure, and scalable digital transactions. The Regulatory Push Global banking is undergoing a […]
SoftBank Founder Pitches $1 Trillion U.S. AI Hub to TSMC and Trump Team.
In a bold and futuristic move, SoftBank founder Masayoshi Son is reportedly pitching the idea of a $1 trillion artificial intelligence hub in the United States, aimed at turning the country into the global epicenter of AI development and semiconductor manufacturing. According to recent reports, Son has approached key stakeholders, including Taiwan’s semiconductor giant TSMC […]
