Misr Digital Innovation, a subsidiary of Banque Misr, has received preliminary approval from the Central Bank of Egypt to launch the country’s first native digital bank, onebank. Digital banks are influenced by the recent technological innovations of artificial intelligence, encryption and big data analytics, enhancing banking functions for customers. onebank will provide customers with fully…
Bank of America has launched a massive update to its mobile app, reimagining how clients interact with their finances. As digital engagement continues to soar, 57 million digital clients can now view and manage their full financial lives through a new, unified digital platform that consolidates five apps – Bank of America, Merrill Edge, MyMerrill,…
In recent years, Fintech has emerged as a powerful pillar offering rural communities transformative opportunities by providing improved access to financial services including loans, assistance with personal finance and digital bank accounts. According to a 2022 report, Around 62 per cent of the Indians in rural areas have access to fintech services, helping rural India…