07/13/2023
How Small Banks Can Seize Tech Opportunities And Compete
I also see smaller banks as more agile and able to more quickly adapt.
Retail Banking
07/13/2023
Emirates NBD revamps digital bank Liv with new value proposition targeting Gen Now
It is the first digital bank to introduce The Bonus Multiplier Account, with a gamified structure and rewarding customers for their loyalty, giving them a 3% increment on their salaries every month.
07/12/2023
American Express Note ‘Uplift’ in SME Owner Confidence for Future; Despite ‘Challenging’ UK Economy
The annual American Express barometer survey of 1,000 UK SME decision-makers found that 35 per cent think running a business has become harder over the last year.
07/12/2023
Citi to Pilot Digital Platform for Commercial Banking Clients in Singapore, India, HK
This is part of Citi’s significant strategic investment plan to meet the growing global needs of these clients by delivering a single-entry point digital platform.
07/12/2023
Evolve and BT join forces to take pain out of payment processing
By aggregating multiple payment transactions, the acquirer or payment processor is presented with a single interface.
07/11/2023
Citi Commercial Bank launches digital client platform
Clients can also digitally open accounts and request new products and services.
07/10/2023
VR, AR and the future of payments
As a technology, VR - and with it augmented reality (AR) - is still in its relative infancy.
07/10/2023
FOO works with Infinios to deliver digital-first card issuing platform
The Digital First Card Platform is designed to enhance digital offerings for businesses across industries, ultimately improving the end user’s customer experience.
07/10/2023
Revolut lost $20 million to criminals exploiting payment loophole
The fault was detected in late 2021 by a partner bank to Revolut in the US, and was corrected in Spring 2022.
07/07/2023
BofE taps Nuggets for digital pound privacy layer
Now, the firm is being asked by the central bank to design a private and secure system that prevents the tracking and correlation of transactions, as well as stop fraud and money laundering.
07/07/2023
Bank-backed Irish payments app faces more delays
Synch is building a money-transfer app, called Yippay, on behalf of AIB, Bank of Ireland, KBC Ireland and Permanent TSB to help the banks take on the likes of Revolut.
07/07/2023
The future of ATMs: adapting to the digital age
Paymentology’s data backs this claim, with the number of ATMs in Europe falling by over 10% since 2016.
07/07/2023
Moneyhub and MX Enhance Financial Wellness Through Open Finance
Moneyhub enables European consumers to share data on their terms
07/06/2023
Mastercard AI tool helps UK banks take on real-time payment scams
The payments giant has launched its 'Consumer Fraud Risk' technology in the country, using large-scale payments data to help identify scams before funds leave a victim’s account.
07/06/2023
Mach Alliance expands into fintech with PayPal as first member
The move by PayPal represents the expansion of MACH Alliance into the fintech sector and highlights the sector’s readiness for MACH.
07/05/2023
Revolut arrives in New Zealand
Revolut hopes that New Zealand will prove fertile ground, noting that a recent survey by Consumer NZ found that almost 40% of Kiwi consumers don’t trust their banks.
07/04/2023
E-money accounts outstrip bank current accounts in the UK
With an industry that is lightly regulated and growing in size and significance, and an increase in business failures anticipated due to deteriorating economic conditions, action is needed.
07/04/2023
Crowdcube joins new retail investment platform
By joining RetailBook, it means that Crowdcube’s retail investors will be able to participate in IPOs on the same terms as institutional investors.
07/04/2023
Monzo hits 7.5 million customers, annual losses remain stable
Monzo has recorded an annual loss in the twelve months to March but also says it is now operating at a profitable level on a monthly basis.
07/04/2023
Real-time Digital Payments Fuels Growth Across APAC
It also underlines that payment experiences differ significantly across different regions, thereby eliminating the possibility of a one-size-fits-all solution, and making each market uniquely interesting.