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Mobile Banking

12/09/2020

Under threat from digital challengers, Middle East banks revamp processing platforms

The momentum is aided by legislation mandating payment of salaries into accounts instead of cash, for example in the UAE, said Francesco Burelli, a partner at Hamburg-based Arkwright Consulting.

12/09/2020

Secure Trust Bank expands use of Open Banking

Moneyway has adopted Open Banking, instead of asking for customers to send in bank statements, allowing for huge improvements in its loan processing times.

12/09/2020

Over 200m new mobile banking users forecast in four APAC markets by 2023: report

The Philippines is expected to add 16 million users, to reach a total of 41 million, and is closely followed by Vietnam, which could add 14 million users, to reach 36 million.

12/08/2020

French digital payments company IDEMIA snaps up Saudi company

Saudi Arabia's Pcard is into card personalisation services

12/08/2020

Emirates NBD makes mobile banking app available on Huawei AppGallery

These features are further reinforced by the HUAWEI AppGallery, which provides a safe platform for finance apps through its full-cycle security and protection system.

12/08/2020

FCA backs new ‘digital giants’ regulation

If implemented, the new regime will govern the most powerful UK tech firms – those with ‘strategic market status’ (SMS).

12/07/2020

StanChart Explores Second Digital-Only Bank

This will give us the option to explore an additional banking license.

12/04/2020

Belgian banks enlist Auriga for shared ATM network

The infrastructure will run on a single software platform based on Auriga’s multivendor integrated ATM acquiring solution called Auriga WinWebServer.

12/04/2020

India's PhonePe to raise $700 million in partial spin-off from Flipkart

In the financing round, PhonePe is raising $$700 million in primary capital at a post-money valuation of USD $5.5 billion from existing Flipkart investors led by Walmart.

12/04/2020

Stripe makes banking-as-a-service play

Stripe says more functionality will come next year, in part thanks to a US partnership with Goldman Sachs.

12/03/2020

Goldman Sachs invests in digital banking tech vendor Amount

"Amount enables banks to navigate digital transformation through its modular and mobile-first platform for financial products."

12/03/2020

Online insurance sales: Is it enough?

Insurance companies have long begun to digitise their processes.

12/03/2020

Telkom launches WhatsApp payment service

They will then be able to message this contact and follow the prompts to enable Telkom Pay.

12/02/2020

Russian Banking Giant Sber Sheds Finance For Tech, Debuts Smart Display and Voice Assistant With Multiple Personalities

One element that does make the SberPortal and SberBox stand out is the Salute voice assistant supporting them.

12/02/2020

Quilter expands e-signature offering

The additional providers have been added based on the most popular requests from financial advisers.

12/01/2020

How COVID-19 is driving consumers and banks to embrace digital technology

Digital-first banks and even some of the biggest legacy banks that were early adopters of digital technologies experienced a less dramatic shift

12/01/2020

Google Plex: The Mobile Banking App Every Bank Wants

When I spoke to representatives of six of the then eight partners in August, not one would comment on what the product would look like or what features would be included.

11/30/2020

UAE, Saudi Arabia progress with common digital currency for central banks

Aber project results show that the distributed ledger technology would enable central banks to develop new payment systems

11/30/2020

Emirates NBD Debuts Omnichannel Corporate Banking Program

The aggregation model works to provide advice for clients on business requirements to help enact a one-stop shop for banking products.

11/29/2020

Online portal for UAE economic substance regulation notifications to go live

The MOF said licensees that had already submitted notifications will now need to re-submit the notification via the portal. Failure to submit or re-submit notifications will attract a fine of AED 20,000 (€4,600).

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