09/22/2022
Stackwell releases robo-investing app to close racial wealth gap
At its core, Stackwell's platform is designed specifically to overcome the fear and mistrust of the financial system and institutions in this country
Retail Banking
09/21/2022
Hamburg Commercial Bank Transfers its SEPA Processing to Broadridge's BPO Payments Service
Average straight-through processing rate of 99.9%
09/21/2022
The FedNow payments system is scheduled for rollout between May and July next year
Payments made through the FedNow system will be processed instantly, allowing money to pass through the financial system at any time of day, all year round, regardless of an organization’s size or location.
09/21/2022
Revolut rolls out BNPL product in Ireland
Customers can also activate Pay Later on-the-go with one tap of the Revolut app, and view their balance and transaction history.
09/20/2022
UniCredit first in Italy to launch the new Swift - Beneficiary Account Pre-validation service
Businesses will be able, before initiating a payment transaction
09/15/2022
CBA switches on PayTo for recurring payments
CBA partnered with A2A payments fintech Paypa Plane - in which it holds a 19% stake - to trial the system with business customers Telstra and The Shepherd Centre.
09/15/2022
Africa’s payments startups are about to face competition from a Brazilian unicorn
“Flutterwave provides technology, infrastructure, and services to enable global businesses, payment service providers and Pan-African banks to accept and process payments on any channel (Web, Mobile, ATM & POS)”
09/14/2022
JP Morgan acquires payments fintech to rival Stripe and Block
Renovite is the latest in a string of fintech acquisitions for JP Morgan under CEO Jamie Dimon.
09/14/2022
TD Bank partners DailyPay for on-demand earned pay
Powered by DailyPay, the solution will empower TD clients to offer employees access to their earned pay
09/14/2022
Paysend Enables Consumers and Businesses to Send Instant Cross-Border Payments to Accounts In 25 Countries For $1
The rise of instant payments has shifted the expectations of consumers and businesses alike who have experienced greater speed, ease and reliability when making domestic payments and now expect a similar experience when making payments to other countries.
09/13/2022
Aurora Payments buys One Payment
With One Payment’s East Coast presence and extraordinary success selling into a traditionally difficult-to-penetrate market, the transaction will diversify Aurora’s distribution channels that expand its go-to-market capabilities.
09/13/2022
Banco Angolano de Investimentos taps VMware for tech overhaul
It’s a system that’s not just working for us today but allows us to look to the future and visualise how we can use technology to differentiate our value proposition and develop innovative products and services
09/13/2022
FIS unveils Worldpay for Platforms
Along with the solutions within the new API-driven developer portal – SMBs have access to the tool to assist with everything they need for long-term success through their software provider.
09/12/2022
Revolut unveils online checkout feature
The e-commerce play comes months after Revolut made its move into in-person payments with the launch of a card reader payment terminal.
09/12/2022
DBS enters the metaverse to promote ESG efforts
"We also look forward to harnessing it as an additional innovative platform to spread the word on important ESG issues and to shine a spotlight on communities and partners doing good work to address them."
09/08/2022
Temenos and Bahwan CyberTek join forces to expand Asian market
Financial institutions in these geographies will benefit from Temenos’ world-class banking platform and BCT’s global professional services and regional expertise.
09/08/2022
Standard Chartered tests solution to mitigate duplicate trade finance fraud risk
Trade finance providers register select document information by sending the information via API.
09/07/2022
Banking hubs set to open in 13 locations across UK
The others are set to open across England, including in Devon, Lincolnshire, Leicestershire, Wiltshire, Derbyshire and Yorkshire.
09/07/2022
KPMG preps Singapore embedded finance hub
The hub will look to facilitate collaboration between non-finance sector players and the FS sector as they test services as well as provide access to APIs that can be embedded in external channels and applications.
09/06/2022
Revolut under pressure over internal audit
The FRC also flagged deficiencies in Revolut's payment processing.