03/02/2021
Klarna confirms mammoth $1 billion fund raise
The company says it intends to pledge one percent of the capital raised to a new initiative that addresses sustainability challenges around the world.
Retail Banking
03/01/2021
Bank One bags Citigroup’s STP Performance Excellence award
Bank One successfully achieved an STP rate of 100% (USD) and 99.8% (Euro) for treasury payments and 98.80% (USD) and 99.65% (Euro) for commercial payments.
02/26/2021
NatWest initiates Open Banking payments for business customers
He says the bank is currently working on plans to enhance its Open Banking compatibility
02/25/2021
Time for a digital scale-up in Africa to unlock the continent’s untapped creative economies, panelists say
The Africa Investment Forum was working to promote content deals as well as digital infrastructure projects to advance creative industries, including support to smaller players
02/25/2021
Go "beyond banking" with an open, customer-centric ecosystem
The study reveals that open banking enables institutions to offer a wide range of innovative products for private and corporate customers, in cooperation with third-party providers.
02/24/2021
How the EU is catching up to the U.K. in open banking adoption
TrueLayer raised $25 million in September 2020, PayPal Ventures put £9 million into Modulr in November 2020, Tink raised €85 million in December 2020, and Token raised $15 million in January 2021.
02/24/2021
UAE BaaS provider NymCard launches fully public APIs for MENA
Said to be built from the ground up, the objective of NymCard is to simplify the complex world of payments by bridging the gap between old legacy systems and modern cloud-native API first platforms.
02/24/2021
Receipt Bank rebrands to Dext as it passes 1m users
A shiny new name and logo for the receipt-scanning fintech.
02/24/2021
Mastercard and Deutsche Bank deepen collaborations on digital payments
This starts with card issuance and merchant acceptance and extends to cover payments clearing in the domestic and foreign markets as well as additional services such as currency hedging, cash flow forecasting or even fraud management services.”
02/23/2021
BBVA records jump in customer acquisition through digital channels
Out of all of BBVA’s customers in Spain, 67% are digital and 61% use their cell phones to engage with the bank.
02/23/2021
Banking industry-funded police unit cracks down on Covid-19 scams, preventing £20m of fraud in 2020
The unit remains on the frontline in protecting the public against fraud and is currently investigating over 150 live cases, including several Covid-related scams.
02/21/2021
Why fintech is on the brink of rapid expansion in the GCC
The GCC is catching up with developed markets in terms of financial inclusion
02/19/2021
Infinet Wireless provides NBO with reliable connectivity
It has over 60 branches and 173 ATMs and cash deposit machines spread across the country, serving a considerable portion of the country’s five million population.
02/18/2021
ClearBank selected by Manchester Credit Union to power its payments
Through the partnership, Manchester Credit Union will be able to strengthen its banking services, offering the people of Manchester a more viable alternative to payday lenders.
02/18/2021
Revolut to roll out QR code payments for business customers in 25 countries
The touch-free payment method allows for instant payments, with small business owners able to see if a payment has been successful right away,
02/17/2021
Payments Fintech Nears Swiss Regulatory Nod
The license would be the second granted after Yapeal, under a Swiss scheme to foster financial start-ups.
02/17/2021
National Bank of Bahrain goes live with Backbase-built digital banking platform
Partnering with Backbase to accelerate our digital transformation and launch our new app has helped us more readily address our clients' needs throughout various stages of their customer journey, guaranteeing excellent service and a sophisticated exp
02/15/2021
Asian authorities clamp down on digital lenders
Officials in credit-hungry economies have struggled to control the fast-growing sector
02/15/2021
Commercial Bank of Dubai goes live on UAE KYC Blockchain Platform
UAE KYC Blockchain Platform is part of Dubai Economy's vision to enhance business competitiveness and accelerate the digital transformation of the UAE economy
02/15/2021
Nigeria's Interswitch launches Quickteller Business to support the growth of the SMEs across Africa
Quickteller Business will also offer a three-month zero transaction fee incentive for SMEs that sign up now, as part of its launch offer.