Digital Banking
Latest news, explainers and analysis on Digital Banking. Tracking 17 stories on Arth Vani.
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Latest on Digital Banking
New LaunchAmerican Bankers Association Invests in BankTech Ventures Fund II to Boost Bank Tech
The American Bankers Association (ABA) has invested in BankTech Ventures Fund II, a venture fund focused on technology companies that help banks improve operations and customer service. This move aims to support innovation within the banking sector, particularly for community banks.
UK Bank Zopa Rolls Out AI 'Personal Banker' for Current Account Customers
UK-based bank Zopa has introduced a new conversational AI assistant for its current account customers, branding it as an 'always-on personal banker.' This move aims to provide round-the-clock support and assistance, reflecting a growing global trend in digital banking.
Global Fintech Revolut Expands: Secures Colombia Licence, Applies in Switzerland
Global financial technology firm Revolut is actively expanding its international footprint, having successfully secured a banking licence in Colombia. The company has also initiated the process to obtain another banking licence in Switzerland, underscoring its aggressive global growth strategy.
New LaunchFintech Investor Portage Closes $600 Million Fund to Back Global Financial Startups
Global investment platform Portage has successfully raised $600 million (approx. ₹5,000 crore) for its fourth venture capital fund. The fund will target early-stage fintech companies and financial services innovation across global markets.
New LaunchNubank Launches US Deposit Account, Expands Digital Banking Services
Brazilian digital banking giant Nubank has officially launched its services in the United States, offering a suite of products including a deposit account. This expansion marks a significant step for the neobank, which has a substantial customer base in Latin America.
Major Singapore Banks Pioneer Blockchain Transactions for Tokenised Deposits on Swift Ledger
Leading Singaporean banks — DBS, OCBC, and UOB — have successfully conducted live domestic transactions using tokenised Singapore dollars on Swift's innovative blockchain-based ledger. This move signals a significant advancement in banking technology, exploring more efficient and secure ways to handle digital money.
Egypt's yomo Secures Bank License, Set to Transform Digital Banking for Millions
Digital banking platform yomo, backed by Commercial International Bank (CIB), has received its first banking license in Egypt. Launched on August 21, 2026, yomo aims to simplify financial management and increase accessibility for millions of Egyptians, both domestically and abroad.
BreakingBanks in Several Indian States Closed August 26 for Eid-e-Milad-un-Nabi
Banks across several Indian states will remain closed on Saturday, August 26, 2023, in observance of Eid-e-Milad-un-Nabi. This holiday commemorates the birth of Prophet Muhammad, affecting physical banking services for customers in specific regions. While branches will be shut, essential digital banking facilities will continue to operate.
Egypt's CIB Gets Preliminary Nod to Launch New Digital Bank
Egypt's Commercial International Bank (CIB) has received preliminary regulatory approval to establish a new, digitally native bank. This move signals a significant step in Egypt's financial sector towards embracing digital transformation and catering to evolving customer needs.
New LaunchSynchrony Launches ChatGPT Plugin to Help Shoppers Find Savings and Offers
US-based consumer financial services firm Synchrony has introduced a new ChatGPT plugin designed to assist shoppers in discovering savings and exclusive offers from its marketplace. This development highlights the growing trend of integrating artificial intelligence into financial services to enhance customer experience and provide value.
New LaunchThomaston Savings Bank Upgrades ATMs with Diebold Nixdorf for Modern Banking
Thomaston Savings Bank in the US is modernizing its ATM network by deploying Diebold Nixdorf's DN Series ATMs, along with new software and managed services. This move aims to enhance the self-service banking experience for its customers.
BreakingBank Holidays This Week: Branches to Close for Up to 2 Days; Check Dates and Details
Public and private sector banks across India, including SBI and HDFC Bank, will observe closures for up to two days this week. While physical branches will be shut on August 9 and the weekend, digital banking services remain fully operational for retail customers.
Wells Fargo Pioneers 24/7 Tokenised Deposits for US Corporate Clients
Wells Fargo has introduced tokenised deposits for its corporate and commercial clients, enabling them to move, programme, and settle funds around the clock. This innovation uses blockchain-like technology to make transactions faster and more efficient.
BBVA's AI Agents Cut Customer Query Time by Over 15% in Digital Banks
BBVA, a global banking group, has deployed two generative AI assistants in its fully digital banks in Italy and Germany. These AI tools, developed by contact centre staff, have reduced the average time taken to handle common customer enquiries by more than 15%, aiming to improve service efficiency.
DPDP Act: How India's New Data Privacy Rules Will Change Your Digital Banking Experience
The Digital Personal Data Protection (DPDP) Act is set to reshape how Indian startups and fintechs handle customer information. While some companies are racing to comply, others are lagging, potentially impacting how your personal financial data is stored and protected.
RBI Proposes New Data Safety Rules for Banks and NBFCs to Protect Customer Info
The Reserve Bank of India (RBI) has introduced a draft framework to tighten how banks and NBFCs manage and secure customer data. The move aims to improve data accuracy and security through board-level oversight and strict lifecycle controls.
UK Government Backs AI Adoption in Financial Services
The UK government has endorsed a 10-point plan to integrate Artificial Intelligence (AI) into its financial services sector. This initiative, developed by leading bank executives, aims to leverage AI for efficiency and innovation. While specific to the UK, it signals a global trend towards AI adoption in banking and finance.
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