03/03/2023
Innovate Finance calls for expanded open banking to help with cost-of-living crisis
The report also calls for a cap on fees charged to release consumers’ financial data for open banking e-commerce payments
Retail Banking
03/03/2023
Starling picks site for new Manchester office
Manchester has also been chosen by the new Centre for Finance, Innovation and Technology (CFIT) to house a financial innovation hub that will drive the government’s ambitions to make the UK a technology and science superpower.
03/02/2023
BIS invites comments on ISO 20022 harmonisation proposals
The ISO 20022 format is being introduced to adress these inefficencies, although its viability as a solution may be undermined by different interpretation of the specification in individual markets.
03/02/2023
Bank of Ireland to hire 100 new tech staff
The Bank processed 366 million contactless transactions, up 41% since 2021. Over 90% of everyday product applications are now digitised.
03/02/2023
Modern Treasury takes on Swift with Global ACH
Payments are in the midst of a massive transformation, and it's critical that we support our customers with an international footprint
03/01/2023
Revolut finally reveals 2021 accounts showing first annual profits
Revenues became increasingly diversified for Revolut in 2021, tripling to £636m compared with 2020.
03/01/2023
Mia-FinTech rolls out Payment Integration Hub
Businesses will be able to offer their customers the opportunity to choose their preferred payment method at the checkout for a better user experience, while a back office application will ensure that every single transaction is monitored in real time.
02/28/2023
JPmorgan and Commonwealth expand work on effect of emerging tech on financially excluded
This project will advance the strategic vision for, and shape the ongoing public conversation about, the impact of emerging technologies in the financial services industry.
02/28/2023
Klarna reports $1 billion loss
Q4 figures also show an uplift as operating loss shrank and GMV climbed 19%.
02/28/2023
Bank of Israel opens payment network to international payments firms
The Bank of Israel’s framework enables such entities to proceed without waiting for final legislation of the Payment Services Regulation Law
02/27/2023
CBA extends daily process window for inward international payments to 24-hours
The bank’s international transactions processing window for overseas financial institutions making payments to Australia outside of normal working hours has been extended from 22 hours to nearly 24 hours every business day, enabling faster receipt o
02/27/2023
Shanghai Commercial Bank chooses Salt Edge for open banking compliance
ShaComBank enables customers to securely connect their accounts to external apps through Salt Edge’s Compliance Solution, allowing them to stay abreast of their financial position in their preferred channels, whether on the go or in the comfort of t
02/27/2023
Is ‘buy now, pay later’ entering a new, less controversial, era?
In the near future Klarna, Zilch and other ‘buy now, pay later’ providers will have to abide by new rules set out by the UK government
02/27/2023
Klarna UK to introduce charges for late payments
The firm already charges late fees across a number of markets and said that penalising tardy shoppers in the Netherlands and Belgium had improved on-time payments by 20 per cent.
02/24/2023
Tony Blair and William Hague call for digital identity cards
The duo have authored a report entitled ‘A New National Purpose: Innovation Can Power the Future of Britain’ for the Tony Blair Institute for Global Change.
02/24/2023
Santander Bank enlists SigFig for digital investment tools
The digital services that have been and will continue to be developed through the relationship with SigFig serve as a complement to the Santander Investment Services’ financial advice
02/24/2023
Revolut launches instant cashback up to 3%
Cashback is applied automatically at checkout at shops including Boots, John Lewis, Amazon and Nike.
02/23/2023
BMO partners Agent IQ to boost digital communications
The platform also allows BMO's Personal and Business Banking customers to choose their preferred banker through Lynq
02/22/2023
The changing face of customer experience for retail banking
While the retail banking sector looks to be profitable on the back of rising interest rates, retail banks need to sharpen their drive to offer hyper-personalized experiences.
02/22/2023
Rubicon partners with Fibank Albania for nationwide ATM Network
The new ATM partnership allows Pago to offer its clients a complete and seamless banking experience.