Fintech
DBS Bank India and EaseMyTrip partner to launch an environment-friendly green debit card
![](https://thefintechbuzz.com/wp-content/uploads/2022/03/DBS-Bank-India-and-EaseMyTrip-partner-to-launch-an-environment-friendly-green-debit-card-1.jpg)
DBS Bank India has partnered with EaseMyTrip to launch an environment-friendly international debit card made using 99% recycled polyvinyl chloride (PVC) material. The digibank EaseMyTrip Green Debit Card provides exclusive travel-related offers to customers and rewards them for adopting eco-friendly practices while encouraging them to reduce their carbon footprint.
Recycled PVC material is quickly gaining popularity worldwide due to the lower carbon emissions generated from its production processes. By launching an eco-friendly debit card, DBS Bank India and EaseMyTrip are enabling their customer base to make sustainable choices, thereby conserving the environment and resources involved in the production of cards.
The digibank EaseMyTrip Green Debit Card offers exclusive best-in-class deals on bookings made through the EaseMyTrip website and mobile app, offering a 10% discount up to INR 2000 on flight ticket bookings and up to 17% discount on stays at select eco-friendly hotels & resorts.
This international debit card provides customers with special recognition and discounts globally across retail, dining, travel and entertainment establishments. Among the travel benefits, cardmembers have one airport lounge access per quarter across India. This card allows withdrawal up to INR 1,50,000 per day from any bank’s ATM in India and overseas and allows purchases worth up to INR 1,50,000 in India and up to INR 1,00,000 across merchant outlets globally. Existing digibank customers can apply for this co-branded debit card through the digibank app, while new customers can download the app in just a few clicks and apply for the same during their digibank account opening journey.
Kartik Jain, Head – Product, Platform & Partnerships, Consumer Banking Group, DBS Bank India, said, “We believe in inclusive sustainability. digibank by DBS – India’s first digital bank – delivers a paperless, straight-through experience across all the banking transactions helping you to go green, even as you live more, bank less. The digibank EaseMyTrip Green Debit Card made from 99% recycled PVC builds on this ethos providing customers with a unique international debit card made from sustainable material and rewards that encourage an eco-friendly lifestyle. We are excited about this offering as it aligns with DBS’ commitment to supporting sustainable business practices that positively impact the community and the environment.”
Speaking about the partnership, Nishant Pitti, CEO and Co-Founder, EaseMyTrip, said, “Sustainability has been a key focus at EaseMyTrip. We have been actively looking to incorporate practices that align with our vision of a sustainable future. The rewards provided for the patronage of eco-friendly establishments will also encourage travellers to opt for sustainable travel and tourism options, thereby making the adoption of eco-friendly practices an enticing choice for customers. Through this collaboration with digibank by DBS, we look forward to creating a positive impact on our industry and the environment and will look at further integrating sustainability-focused methods across our offerings.”
Through this collaboration, EaseMyTrip aims to promote sustainability and incentivise sustainable tourism. This is further encouraged by the numerous rewards offered through the digibank EaseMyTrip Green Debit Card for people opting for eco-friendly and sustainable booking options through the EaseMyTrip website and mobile app.
The bank furthers its commitment towards sustainability with this eco-friendly card that helps reduce the carbon footprint. Customers will also be able to proactively check their carbon footprint and contribute towards a greener planet through the carbon calculator now live on https://go.dbs.com/greencard.
digibank EaseMyTrip Green Debit Card design
The digibank EaseMyTrip Green Debit Card with a green skyline of a montage of key sights around the world upholds the bank’s sustainability proposition whilst reflecting its partnership with EaseMyTrip. The silver coat embedded with travel-related graphics in green gives a premium look to the card. The ‘recycle’ icon reminds users to continue making sustainable choices in their day-to-day lives.
DBS Bank has been committed to conducting business more sustainably and managing its environmental footprint. The bank has undertaken several initiatives to support and address crucial ecological, social, and governance (ESG) challenges. In 2020, DBS Bank introduced a wholly digital and innovative payments solution for Transport Corporation of India Limited (TCIL). The solution enables TCIL to make real-time payments into the bank accounts of the fleet operators and drivers, eliminating the need to travel to a local centre to collect payments.
DBS also advocates the scaling up of transition finance and supporting like-minded clients and their ecosystem of supply chain partners to adopt sustainable business practices. To scale up India’s cotton industry, the bank partnered with fashion retailer Inditex, one of the world’s largest retailers, to arrange financing for the Farmer Producer Organisations (FPOs) to procure organic cotton from the farmers in a timely fashion. In 2020, DBS issued its first two green loans in India totalling INR 10.5 billion to CapitaLand, breaking new ground for its sustainable financing agenda.
Fintech
Banking in the United Arab Emirates stands at an inflection point between the traditional branch-based model and a digital AI-enabled future – new Capco survey
![banking-in-the-united-arab-emirates-stands-at-an-inflection-point-between-the-traditional-branch-based-model-and-a-digital-ai-enabled-future-–-new-capco-survey](https://thefintechbuzz.com/wp-content/uploads/2024/09/54515-banking-in-the-united-arab-emirates-stands-at-an-inflection-point-between-the-traditional-branch-based-model-and-a-digital-ai-enabled-future-new-capco-survey.jpg)
A desire for more insights into personal finances, a willingness to share data to unlock individually tailored services, and a high level of comfort with AI-driven guidance are key themes to emerge from the new survey of UAE retail banking customers conducted by Capco, the global management and technology consultancy.
As the UAE pushes forward with ambitious plans to grow its digital economy, Capco’s Bank of the Future survey of over 1,200 UAE banking service users aged between 18 and 65 found that 89% have become more confident in using mobile and digital banking services over the last two years. Eight in ten (83%) now use mobile apps to access banking, offering a solid foundation for future banking innovation.
In addition, 87% of respondents say they would be attracted to an app that offered personalized insights into their finances, including 41% who say this would be ‘extremely attractive’. The survey also reveals that 72% would ‘definitely’ or ‘probably’ share additional personal data – such as social media profiles or wearables data – to unlock personalized products, services or offers.
In support of its main survey, Capco conducted more focused polling of 500 consumers that looked specifically at the adoption of digital-first banking services. This found that nine in ten UAE respondents (89%) now have digital-first accounts, including both international and UAE-based firms. Three-quarters (76%) have an account with a UAE-based digital-first provider.
Capco’s survey findings highlight opportunities for UAE banks and fintechs to capitalize on positive attitudes to data sharing and innovation to deliver the products and services that consumers say they want. It also offers recommended paths forward for banks as they explore how best to apply the latest approaches to data analytics and AI to address customers’ aspirations.
James Arnett, Managing Partner, APAC & Middle East at Capco, said: “Consumers in the UAE are looking for products and services that provide a more bespoke user experience, including personalized financial insights. Seizing this opportunity will require an ever more nuanced understanding of individual consumer’s aspirations, and banks and other providers will need to prepare by investing in improved data management and advanced analytics.”
Naim Alame, Managing Partner, Middle East at Capco, said: “Consumers want convenient, integrated financial services and seamless digital journeys enabled by improved connectivity, data analytics and AI. Delivering the products and experiences that consumers want will require more agile banking models and significantly greater collaboration with third parties in order to embed value-added financial services ever more deeply into customers’ lives.
“For the bank of the future, collaboration may prove to be as important a priority as disruption. Offering a mobile-first experience that embeds payment aggregations, finance options and other ecosystem services to provide a more seamless and holistic experience will be the key to keeping customers engaged.”
Other key findings in Capco’s UAE survey report include:
86% of respondents would be attracted by a banking app that integrates financial services with the non-financial services they use in their daily lives, such as ride hailing and e-commerce.
- 37% would find such an app ‘extremely attractive’.
The characteristics that would convince a respondent to use a specific bank or financial institution include ‘a wide range of services’ (51%) and ‘more accessible services’ (45%).*
- ‘Trust in the company’ (39%) and ‘highly personalized products’ (34%) are also seen as important.
Four in ten of respondents (41%) cite cashback options as a value-added feature they consider when selecting a new card or account.*
- Other important features respondents would consider include discounts on travel (33%), monthly offers such as retail discounts (32%) and the ability to use points to make purchases (32%).
As digitalization accelerates, 72% of those using payment services identify online payments as a preferred payment method and 69% mention digital wallets.*
- Cash remains a preferred payment method for 51% of respondents, and cheques continue to be preferred by 28%.
- In Capco’s recent Kingdom of Saudi Arabia (KSA) banking survey, online payments (65%) and cards (65%) were the leading preferred methods of payment, while 57% of respondents cited digital wallets, 55% mentioned cash, but only 11% chose cheques.
The UAE played host to the COP28 global climate conference in late 2023, and almost nine in ten respondents (88%) say it is important that their primary bank has a proactive stance on ESG issues.
- In our KSA banking survey, 80% of respondents stated that this is important.
*Multiple responses permitted
Capco’s UAE survey report can be accessed here.
The post Banking in the United Arab Emirates stands at an inflection point between the traditional branch-based model and a digital AI-enabled future – new Capco survey appeared first on HIPTHER Alerts.
Fintech
RegVerse Boosts Compliance Support for RIAs with Avery Platform Update
![regverse-boosts-compliance-support-for-rias-with-avery-platform-update](https://thefintechbuzz.com/wp-content/uploads/2024/08/54457-regverse-boosts-compliance-support-for-rias-with-avery-platform-update.jpg)
RegVerse, a leading provider of compliance solutions, has announced a significant update to its Avery platform, designed to enhance compliance support for Registered Investment Advisors (RIAs). The latest update brings new features and functionalities that address the evolving regulatory landscape, helping RIAs stay compliant with the latest rules and regulations.
What’s New in the Avery Platform Update?
The Avery platform update introduces several enhancements aimed at making compliance easier and more efficient for RIAs. These updates are designed to help firms navigate complex regulatory requirements, reduce compliance costs, and improve overall operational efficiency.
Key Features of the Avery Platform Update:
- Enhanced Regulatory Reporting: The updated platform includes new reporting capabilities that allow RIAs to generate detailed compliance reports quickly and accurately. This feature is particularly useful for meeting the reporting requirements of regulators such as the SEC.
- Automated Compliance Checks: Avery now offers automated compliance checks that monitor for potential violations in real-time. This proactive approach helps RIAs identify and address compliance issues before they become significant problems.
- Improved Document Management: The platform’s document management system has been upgraded to support secure storage, retrieval, and sharing of compliance-related documents. This helps RIAs maintain organized records and ensures that they can provide necessary documentation during audits.
- Customizable Dashboards: The update includes customizable dashboards that provide RIAs with a comprehensive view of their compliance status. Users can track key metrics, set alerts for potential issues, and gain insights into their overall compliance performance.
Benefits of the Avery Platform for RIAs
The Avery platform update is designed to address some of the most pressing challenges faced by RIAs in today’s regulatory environment. By providing advanced compliance tools and streamlined processes, Avery helps RIAs achieve the following benefits:
- Reduced Compliance Burden: Automated compliance checks and streamlined reporting reduce the manual workload for compliance teams, allowing them to focus on more strategic tasks.
- Enhanced Risk Management: Real-time monitoring and proactive alerts help RIAs identify and mitigate risks early, reducing the likelihood of regulatory violations and associated penalties.
- Improved Client Trust: By maintaining high compliance standards, RIAs can build trust with their clients, demonstrating a commitment to operating with integrity and transparency.
The Future of Compliance for RIAs
As the regulatory landscape continues to evolve, RIAs must stay vigilant and proactive in managing their compliance obligations. The latest update to the Avery platform reflects RegVerse’s commitment to supporting RIAs with innovative solutions that simplify compliance and reduce risk.
Looking ahead, RegVerse plans to continue enhancing the Avery platform with new features and integrations that address emerging regulatory challenges. By staying at the forefront of compliance technology, RegVerse aims to help RIAs navigate the complexities of the regulatory environment with confidence and ease.
For RIAs seeking a comprehensive compliance solution, the updated Avery platform offers a powerful toolset that can help them achieve their regulatory goals and maintain a strong compliance posture in an increasingly complex market.
Source: Investment News
The post RegVerse Boosts Compliance Support for RIAs with Avery Platform Update appeared first on HIPTHER Alerts.
Fintech
Jumio Now Available on AWS Marketplace: Simplifying Digital Identity Verification for Enterprises
![jumio-now-available-on-aws-marketplace:-simplifying-digital-identity-verification-for-enterprises](https://thefintechbuzz.com/wp-content/uploads/2024/08/54459-jumio-now-available-on-aws-marketplace-simplifying-digital-identity-verification-for-enterprises.jpg)
Jumio, a global leader in digital identity verification, has announced that its solutions are now available on AWS Marketplace. This move aims to simplify the process for enterprises looking to integrate advanced identity verification services into their operations, enhancing security and compliance in the digital age.
Why Jumio’s Presence on AWS Marketplace Matters
AWS Marketplace is a digital catalog that makes it easy for businesses to find, purchase, and deploy software solutions in the cloud. By making its solutions available on AWS Marketplace, Jumio is streamlining the procurement process for enterprises, allowing them to quickly access its industry-leading identity verification services.
Key Benefits of Jumio on AWS Marketplace:
- Easy Integration: Jumio’s presence on AWS Marketplace simplifies the integration of its identity verification services with other AWS-powered applications. Enterprises can quickly deploy Jumio’s solutions without the need for complex configurations or lengthy setup processes.
- Scalable Identity Verification: As businesses grow, their identity verification needs become more complex. Jumio’s solutions are designed to scale with businesses, providing robust verification capabilities that can handle high volumes of transactions with ease.
- Enhanced Security and Compliance: Jumio’s identity verification services help businesses comply with regulatory requirements, such as KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. By using AI and biometrics, Jumio ensures that identity verification is both secure and reliable.
- Cost Efficiency: Purchasing through AWS Marketplace allows businesses to take advantage of flexible pricing models, including pay-as-you-go and annual subscriptions. This cost-effective approach helps businesses manage their budgets more effectively while accessing cutting-edge technology.
The Role of Identity Verification in Digital Transformation
As more businesses undergo digital transformation, the need for reliable identity verification solutions has never been greater. Identity verification is crucial for preventing fraud, ensuring compliance, and building trust with customers. Jumio’s solutions, available through AWS Marketplace, provide businesses with the tools they need to navigate the challenges of the digital economy.
Applications of Jumio’s Identity Verification Solutions:
- Financial Services: Banks and fintech companies can use Jumio’s solutions to onboard customers securely, reduce fraud, and meet regulatory requirements.
- eCommerce: Online retailers can enhance their customer experience by using Jumio’s verification services to streamline account creation and payment processes, ensuring that transactions are legitimate.
- Healthcare: Jumio’s identity verification solutions help healthcare providers protect patient data and comply with regulations like HIPAA, ensuring that only authorized individuals have access to sensitive information.
Looking Ahead: The Future of Digital Identity Verification
The availability of Jumio on AWS Marketplace is a significant step forward in the evolution of digital identity verification. As cyber threats continue to evolve, businesses must prioritize security and compliance, making solutions like Jumio’s an essential part of their digital strategy.
Looking ahead, Jumio plans to continue expanding its offerings on AWS Marketplace, providing businesses with even more tools to protect their operations and build trust with their customers. As the demand for secure, scalable, and compliant identity verification grows, Jumio’s presence on AWS Marketplace positions it as a leader in the digital identity space.
Source: Fintech News Singapore
The post Jumio Now Available on AWS Marketplace: Simplifying Digital Identity Verification for Enterprises appeared first on HIPTHER Alerts.
-
Fintech PR4 days ago
Basware Officially Registered as PDP Service Provider as French Businesses Prepare for Mandatory E-Invoicing
-
Fintech6 days ago
Banking in the United Arab Emirates stands at an inflection point between the traditional branch-based model and a digital AI-enabled future – new Capco survey
-
Fintech PR3 days ago
IMF: Financial and Regulatory Reform Agenda Contributed to Accelerating Saudi Economy’s Growth
-
Fintech PR3 days ago
Bybit Web3 Kicks off Babylon Season With Unprecedented Access and Rewards, Uplifting Liquidity in BTC Ecosystem
-
Fintech PR3 days ago
ICEYE and Aon expand collaboration with flood and wildfire data agreement to enhance event response
-
Fintech PR3 days ago
Purchase Order Financing Market to Reach $12.9 Billion, Globally, by 2033 at 8.7% CAGR: Allied Market Research
-
Fintech PR3 days ago
Jamie Mullarkey named Markel’s Global Executive Underwriting Officer for Property and First Party Lines
-
Fintech PR4 days ago
Quadrature Climate Foundation surpasses US$1 billion in philanthropic commitments, emphasising strategic, science-led climate action