02/25/2021
PayThink Open banking's not just for Europe anymore
This can involve the use of artificial intelligence (AI) or machine learning, for example.
Innovation & Startups
02/25/2021
Taking The On-Ramp To Financial Modernization
Many of the tools now being used to accelerate modernization initiatives were already available, though perhaps not widely adopted.
02/25/2021
Cognizant steps up its hiring process; expects to bring in more new hires in Q1 2021 than ever before
There are reports that the company has set up a USD 30-million “retention fund” to hold back top performers and digitally-skilled employees.
02/24/2021
Fronted becomes second fintech to launch on Yobota’s core banking platform
Fronted is aiming to help renters afford deposits when signing new tenancy agreements, with many UK adults lacking savings to front-up potentially thousands of pounds when moving rental property.
02/24/2021
South African bank challenger Tyme to launch in Asia
Lender launched by billionaire Patrice Motsepe will set up in the Philippines as part of deal
02/24/2021
European banks seek technical partners to help build rival to Visa and Mastercard
The European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa, has put out a Request for Information for 'qualified technical partners' to help build its central infrastructure.
02/24/2021
Standard Bank Group establishes Africa’s first Hedera network node
Standard Bank Group has been a pioneer in leveraging blockchain and distributed ledger technologies to bring speed and transparency to its large and growing customer base across Africa.
02/24/2021
PE considers a trip back to Bravura
The group makes most of its income implementing its market-leading Sonata wealth management software, which is deeply integrated into clients’ IT systems.
02/23/2021
UK fintechs seek ‘cure for Brexit’ in Lithuania
Some two dozen have links to Britain.
02/23/2021
$9bn by 2024
Yousuf Mohamed Al Jaida, Chief Executive Officer, Qatar Financial Centre, said: “The outbreak of the COVID-19 pandemic created new opportunities for financial innovation, which has attracted an influx of tech and FinTech companies seeking to set up
02/23/2021
Access Bank Commences Accelerator Program, to Empower Startups
The accelerator program which opened its entries last month, received 306 registrations and after rigorous assessments was later shortlisted to 30 participants.
02/23/2021
Saudi-based fintech Tweeq signs partnership deals with Mastercard and Paymentology
The partnership with Mastercard and Paymentology are in line with Vision 2030 which aims to develop the FinTech environment and provide financial inclusion for all sections of society.
02/23/2021
EBA calls on national authorities to take supervisory actions for the removal of obstacles to account access under the Payment Services Directive
The Opinion sets out the EBA’s expectations on the actions NCAs should take to ensure that remaining obstacles are removed from the interfaces of account servicing payment service providers (ASPSPs).
02/23/2021
SMEs can now use facial recognition to apply for DBS online banking accounts
Customers will be able to access their corporate account online in about 20 minutes from the point of application, said DBS.
02/23/2021
Putting customers at the heart of digital change
Mashreq Bank may be the oldest privately owned bank in the UAE, but it has always been a leader in the pioneering use of technology to improve the customer experience
02/23/2021
Virtual and augmented reality could enhance future corporate reporting
In particular, the FRC sees a role for such technology in its future corporate reporting framework, currently under consultation.
02/23/2021
additiv identified as offering one of the best WealthTech platforms within independent industry evaluation
It includes a vendor evaluation using aperture’s The Market Map software assessment methodology, which highlights those WealthTech solutions that are best suited to help wealth managers meet digital age demands, placing additiv at the top of its &am
02/23/2021
Tarabut Gateway secures $13 million in its seed round
As part of Tarabut Gateway’s growth planned for the next year, the business aims to hire 40 additional team members across MENA by the end of 2021.
02/23/2021
Qatar to launch FinTech venture capital fund
Moving forward, we expect more initiatives in this area,” Mohammed Al Emadi, Head of Angel Investment at Qatar Development Bank (QDB), said in the Qatar Financial Centre Authority’s (QFCA) Qatar FinTech Report 2021.
02/23/2021
Open Banking a Global Revolution in Progress, finds Economist Intelligence Unit Report for Temenos
The report states that incumbent banks could be the biggest beneficiaries, provided they adopt adequate technology strategies to compete with nimble new entrants.