With all the digitization efforts (PSD2 went live in January and GDPR will take effect in two days) in the banking sector, European traditional #banks still face a problem with #onboarding new retail customers: prospective customers drop out before they complete the onboarding process. The #issue has only gotten worse over the years. According to […]
Bank Innovation
#Wells #Fargo will begin underwriting customers for their “entire credit limit” later #this #year, Avid Modjtabai, head of payments, virtual solutions and innovation (PVSI) group said during the bank’s investor day today. Currently, customers seeking credit need to apply for individual products– such as #loans or credit cards&8211; separately, Modjtabai said. But starting in the […]
Bank Innovation
Spanish banking giant #Santander is working on a project that explores how it could digitize customer #cash using the public ethereum #blockchain.
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