Search results for "traditional banks "

Silvergate's Planned Liquidation Fuels Another Crypto Rout

Silvergate Capital Corp, one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily. MARKET REACTION Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank […]

Fintech Telecoms: Making Fintech Safer for You

In the digital age, telcos have become the natural partner of many industries, including the metaverse. Our interest in this article lies in the fintech sector. In a previous article, we stated why telecom companies are attractive to the fintech industries. Through such a partnership, these two industries hope to expand their services to the […]

A View of the Future: UAE’s Financial Ecosystem

The world is intensifying its adoption of digital means to conduct its finances. The accelerated use of the Internet and smartphones has impacted the burgeoning of digital banking and any financial ecosystem. The United Arab Emirates (UAE) is no stranger to transforming one of its primal sectors’ frameworks as the financial sphere becomes increasingly technologically […]

MyMonty: A Banking Arm for the Underserved

“MyMonty is a life project. Building a bank is a very complex endeavor. It will become the flagship of the Monty Finance brand. This means added responsibility while focusing on the team’s passion and accepting challenges wholeheartedly,” Cesar Jabr, Deputy CEO, Monty Holding What is MyMonty’s scope of activity? The financial company’s sole focus is […]

Digitalization of Banking in the UAE

The current digital transformation in the UAE banking sector is thriving. What we are witnessing today is more than just a simple change in how we make transactions; it goes well beyond simply transitioning from a traditional into a digital world. This entire concept of digital transformation strategy in banking is integral to how banks […]

Redefining Finance by Deconstructing Digital-only Banking Models

When comparing traditional and digital banking, we will find a remarkable number of advantages for digital banks. Their capabilities exceed those of ordinary banks with the mounting flexibility wave of financial technology’s (Fintech) emerging new technologies with the likes of cloud computing securing businesses globally. But what does digital banking really provide to both the consumers […]

'Buy now, pay later' catches on just in time for holidays

As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments. Fueled by several hot Silicon Valley startups as well as a push by the big credit card companies, “buy now, pay later” is now available for purchasing […]