New European legislation is allowing Orwell's Ipagoo to rewrite banking by allowing customers to manage accounts in multiple countries and different currencies, the company's co-CEO tells Jane Cooper.
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Banks have always used their branch network to offer physical proximity and convenience to customers. However, now that banking is moving outside of the branch, lenders are having to find new ways of getting close to the customer.
As crowd-funding becomes an established form of investing, banks are looking at ways to take on these crowd-funders, whether it be by collaboration or competition.
Nasdaq's head of market technology, Lars Ottersgård, explains to Jane Cooper how the US-based stock exchange operator has expanded beyond its core business of equities trading into becoming a global technology provider active in more than 100 markets across the world.
A closed economy for nearly 50 years, the opportunities that have opened up in Myanmar are endless, especially in telecommunications and banking. Brian Caplen looks at how players from these sectors are collaborating and innovating in order to tap into the country's huge potential, and examines the hurdles still facing foreign entrants to the market.
Is fintech disrupting banking technology or facilitating it? And what does this mean for the old players?
If banks are to adapt to the digital age, their first step must be to replace their core systems – which, in many cases, pre-date the internet – but, thus far, there has been a reluctance to do so.
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