Looking Beyond Banking’s Digital Revolution
Reports claim 71% of consumers globally are now using these digital banking channels weekly (RFi Group, 2020), confirming that the revolution is still sweeping through. Banking’s digital revolution was transformed, now a new set of tools for innovation including a renewed customer experience, open banking, automation, and cybersecurity became essential.
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Empowering mothers to take charge of their finances
Mothers between ages 30 to 39 — who prioritise the stability of their family and children — have three main financial objectives: to ensure a stable family life in future, appreciate assets to beat future inflation, and to finance their children's or grandchildren's education, according to an RFi Research survey commissioned by UOB.
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UOB and American Express Launch Special Cashback Card
The new cashback product meets the needs of a growing segment of consumers who want a straightforward and fuss-free way to earn cashback on all transactions. According to a UOB survey, two in three respondents said they want to earn cashback on all card spending.
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Half of millennials would rather use BPAY than direct debit
According to recent RFi research, millennials continue to be frustrated with managing direct debit. BPAY is providing new ways to keep millennials in control and stay on top of their direct debit.
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CommBank unveils new buy now, pay later offering
CommBank’s new BNPL offering available anywhere debit and credit cards are accepted, with no additional BNPL costs.
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Copy-trading has changed the game for novice investors
A UK study from RFi Group found millennials especially preferred to use simple saving accounts rather than investing, despite the minuscule returns they offer.
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