COGNICURRENT

Lloyds Bank will no longer allow the opening of certain accounts in branches, pushing customers to use its digital platform instead.

MitID is currently down, preventing access to services that require this digital identity solution.

Nordea is experiencing significant service issues, with many users reporting that their account balances have dropped to zero.

Klarna reports that its app has surpassed 280,000 monthly active users in Greece, marking a significant increase over the past year.

Colombian bank Bancolombia has publicly apologized to its clients for failures in its digital and transactional services, ensuring it is working on stabilizing its systems.

Klarna reports a significant increase in active users in Greece, surpassing 280,000 with a year-on-year growth of 65%.

This article provides essential advice on securing bank accounts against increasing digital banking fraud.

The article discusses the concept of financial health in Latin America and the Caribbean, stressing that access to banking services alone is insufficient for true financial inclusion.

The RBI has ordered banks to remove dark patterns from mobile apps and websites by July 2026, focusing on issues like hidden charges and misleading notifications to enhance transparency in digital banking.

The Reserve Bank of India (RBI) has mandated banks to eliminate misleading practices from their apps to enhance transparency in digital banking by 2026.

The article discusses the potential impact of Open Banking in Mexico, likening it to how Spotify revolutionized music access by creating a more integrated and user-friendly experience.

CaixaBank has introduced an AI agent aimed at assisting customers in the process of acquiring banking products through its mobile application.

Hana Bank has launched a new service called 'Digital 9 PM Lounge' that allows banking operations until 9 PM on weekdays, catering mainly to working professionals and small business owners.

Greek banks are aggressively targeting younger generations with tailored financial products to compete against foreign digital banks that have garnered a significant clientele.

The Spanish digital bank BBVA plans to launch a credit card for its German customers ahead of the summer travel season, expanding its services to compete with other neobanks.

Plata has received authorization from the CNBV to begin operations as a Multiple Banking Institution in Mexico after a three-year regulatory process.

Plata has been authorized by the CNBV to operate in the Mexican banking sector, marking a significant advancement in digital banking.

The article discusses immediate actions individuals can take in online banking to reduce the risk of falling victim to scams.

A report indicates that 71% of Nigerians feel that in-app support on banking applications is ineffective, revealing significant usability issues in the digital finance sector.

A study shows that customers with checking accounts at local banks in rural areas of Germany often pay higher fees than those in urban areas, particularly for digital payments.

Traditional banks in France are increasingly offering 100% online banking services to compete with digital banks like BoursoBank and Revolut.

Private banks in Ecuador will provide limited services during the carnival holiday, ensuring customers can perform various transactions via ATMs, non-bank correspondents, and digital banking.

In Bhubaneswar, an elderly couple was coerced for over 35 hours by cyber fraudsters who threatened them with a fabricated link to terrorism, demanding ₹1 crore but ultimately causing no financial loss due to banking issues.

The United Bank for Africa has launched a new Aggregator Sales Structure to enhance its Agency Banking Network and promote financial inclusion in Nigeria.

Nu Mexico plans to invest $4.2 billion in the country by 2030 as part of its strategic plan.

Lloyds Banking Group has announced the closure of 95 branches across the UK, affecting customers of Lloyds Bank, Halifax, and Bank of Scotland, with closures scheduled from May 2026 to March 2027.

Mobile deposits are a banking product managed exclusively through mobile applications, allowing users to save conveniently without visiting a bank branch.

Brazilian banks will be closed for in-person services during Carnival from February 16 to 17, 2026, but online transactions will remain available.

Kuda Microfinance Bank has received a national microfinance bank license from the Central Bank of Nigeria, enabling expansion of its operations across the country.

Indonesia is leveraging digital finance solutions to enhance banking access for its unbanked population, focusing on regional collaborations and international partnerships.

The head of a major European bank consortium has called for the EU to urgently reduce its reliance on US payment systems like Visa and Mastercard.

The head of the European Payments Initiative emphasizes the urgency of establishing a payment system independent from US companies like Visa and Mastercard due to rising dependency and geopolitical risks.

Many Estonians with new ID cards issued since November are experiencing malfunctioning chips, preventing access to banking and tax services.

OP is experiencing a service outage affecting its website and mobile app during a maintenance period.

The owner of Tresory Bank, Eduardo Scatambulo Ribeiro, is under investigation by the São Paulo Civil Police for suspicion of financial system crimes, money laundering, fraud, and organized crime.

This article discusses how OTP scams, often initiated through phone calls posing as bank officials, have become a rapidly spreading form of cybercrime in India, particularly with the increase in digital payments.

Nubank, a Brazilian fintech company, aims to establish a presence in the United States as it strives to become the most valuable digital bank in the West.

During the 'World Governments Summit' in Dubai, leading figures from the tech and finance sectors discussed how changing digital habits are transforming banking, governance, and everyday services.

Daniel Becker, president of Banca Mifel, predicts the Mexican banking system will develop into a hybrid model that integrates both digital and physical channels by 2026.

The article discusses the challenges faced by banks and financial institutions in Latin America as they navigate the growing trend of digital payments while managing cash usage, digitalization, financial inclusion, and operational efficiency in 2026.

Nubank, a Brazilian fintech founded 13 years ago, is competing in the digital banking sector with a market value of $90 billion after going public in New York.

Nubank's rise in the digital banking sector poses a significant challenge to Revolut, which is experiencing a decline despite its recent valuation increase.

OPay has been awarded Fintech/Digital Bank of the Year 2025 by The Sun Publishing Limited, marking the first time this category has been introduced at the awards.

The 'Clarity Act' draft restricts interest payments on stablecoins, sparking outrage in the digital sector and halting its approval in the Senate.

Iute Group, an Estonian fintech, has finalized an agreement to establish a fully digital bank in Ukraine, expanding its operations into the country's wartime banking sector.

Italian MEP Guido Crosetto emphasizes Italy's strong position on key issues like automotive, green housing, and digital euro during an event in Limone Piemonte.

British digital bank Revolut has rapidly gained 65 million customers in just ten years, posing a significant threat to traditional banking institutions, particularly in Germany.

The British digital bank Revolut has rapidly grown to 65 million customers in just ten years, posing a significant threat to traditional banks, particularly in Germany, according to CEO Nik Storonsky.

Analysts warn that the European banking sector could lose over 200,000 jobs in the next five years due to the accelerated adoption of artificial intelligence and the closing of branches, pushing banks to cut costs and shift operations to digital channels.

Trade Republic is the fastest-growing bank in Germany, having gained over ten million customers in just seven years, though its business model has some drawbacks.