Egypt’s Bank NXT has deployed IBM software tools in collaboration with IT consultancy Inspire for Solutions Development to modernise its digital banking infrastructure. These software tools are IBM Instana, IBM Turbonomic, and IBM Cloud Pak. Their adoption aims to establish a foundation for “real-time” observability, automated optimisation of IT resources, and more integrated operations. The move is intended to lower operational costs, improve resource management, and support the delivery of digital se ...

Many Indians are taking advantage of this smarter banking option owing to its convenience and safety. With banks like IDFC FIRST Bank, the experience feels effortless and highly efficient.What is a digital savings account?A digital savings account works like any traditional savings account, but is completely managed online. There is no branch visit required. You can open it, verify your identity, and start using it through secure digital platforms. IDFC FIRST Bank’s digital savings account offers an entirel ...

Nu Holdings (NYSE:NU), a Latin American digital banking firm, finished Monday at $17.94, up 5.41% after setting a new intraday record. Monday’s trading highlighted investor focus on Latin American fintech growth as we move into a new year. Nu Holdings IPO'd in 2021 and has grown almost 60% since going public. Trading volume today reached 67.9 million shares, coming in about 87% above  its three-month average of 36.9 million shares. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) added 0.64% to ...

N26, the European digital bank, appointed Mike Dargan as its next Chief Executive Officer, effective from the beginning of April 2026. Dargan, who currently serves as a Group Executive Board member at UBS Group AG, will succeed co-founder Maximilian Tayenthal and interim co-CEO Marcus W. Mosen.The appointment remains subject to regulatory approval by the German financial regulator, BaFin.A seasoned banking veteranDargan brings over 25 years of leadership experience in financial services and technology to th ...

Group 1: Banking Trends - A significant shift in banking preferences is observed, with only 4% of Gen Z and Millennial customers favoring branch visits, and just 8% of all customers conducting most of their banking at a branch [1] - The majority of Baby Boomers (41%) prefer online banking via laptop or PC, indicating a broader trend towards digital banking across generations [1] - 55% of bank customers now manage their accounts primarily through mobile apps, reflecting the growing reliance on technology for banking transactions [1][2] Group 2: SoFi Technologies Overview - SoFi Technologies has evolved from a niche player to a major financial institution with a market capitalization of $35 billion, total assets of $45 billion, and $3.3 billion in revenue over the past 12 months [13] - The company is currently the 53rd largest bank by assets in the U.S., with significant growth potential as it aims to capture a larger share of the market [14] - SoFi's CFO projects the addition of over 3.5 million members and a 36% growth in adjusted net revenue, targeting $3.54 billion for the year [15] Group 3: Financial Performance and Projections - In Q3, SoFi reported $962 million in revenue, a 38% year-over-year increase, and a profit of $0.11 per share, which is 120% higher than the previous year [20] - Management has raised its full-year revenue guidance to $3.54 billion and net income forecast to $455 million, reflecting strong performance and optimistic growth outlook [22] - Analysts expect SoFi's revenue to grow to $4.44 billion in 2026, with an EPS of $0.57 [23] Group 4: Stock Analysis and Price Target - Analyst Stephen Guilfoyle suggests that current market conditions present a good buying opportunity for SoFi Technologies stock, despite a bearish posture in technical analysis [24] - Guilfoyle has set a price target of $36 for SoFi stock, with potential for significant appreciation in the long term, possibly reaching $100 [25][26] - JP Morgan has also raised its price target for SoFi to $31, indicating positive sentiment among analysts [26]

Italian fintech company Nexi said on Thursday it will not proceed with U.S. private equity fund TPG's offer to buy its digital banking unit. ...

Italy’s digital payment company Nexi SpA rejected an offer by TPG for its digital banking solutions unit, marking a new failed attempt to sell it https://t.co/b8zppK5m7s ...

To learn more about Truist's banking solutions, visit www.truist.com/checking/truist-one-banking. CHARLOTTE, N.C., Dec. 18, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the launch of electronic direct deposit switching capabilities to the Truist client digital onboarding process, further enhancing the ease and speed of opening new accounts. Developed in partnership with Atomic, this new capability is fully embedded into Truist's digital account opening process, allowing clie ...

WINTER HAVEN, Fla., Dec. 16, 2025 /PRNewswire/ -- SouthState Bank has achieved multiple national honors for banking excellence and workplace culture, earning recognition from Money, U.S. News and World Report, Financial Technology Report, and American Banker. Continue Reading SouthState Named Among America's Best Banks and Employers by Top Industry Rankings "We are honored to be recognized among the nation's top banks and workplaces—a testament to SouthState's unwavering commitment to excellence," said Rich ...

The country's largest lender, SBI, has embarked on a focused project to help its customers visiting branches migrate to cost-efficient digital banking channels, a top official said on Monday.Speaking at the launch of a new version of its Yono app, bank chairman C S Setty said the bank has begun an initiative in which dedicated executives or floor managers help customers migrate to the digital channel, which is also very convenient for them."We already have 3,500 executives in branches to help the customers ...