Managers of Wealth Fintech

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

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

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

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

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.

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.

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

Revolut launches instant cashback up to 3%

Cashback is applied automatically at checkout at shops including Boots, John Lewis, Amazon and Nike.

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

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.

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.

Revolut rolls out credit cards in Ireland

The Revolut Credit Card is designed with a focus on transparency, control, responsibility, and rewards.

Neobank Bunq hits profitability

Ending 2022 with a quarterly profit of €2.3m, Bunq expects to keep turning a profit through 2023.

‘Buy now, pay later' firms see 36% jump in complaints

The rise in complaints comes at a time of a proposal for new regulation of the BNPL sector as the market continues to grow in popularity.

Credit card spending on the rise in the UK

74 per cent of all debit card transactions in the UK were made with contactless.

Bank of Japan kicks off CBDC pilot

The trials will entail simulated transactions with retailers and consumers alongside the establishment of a CBDC forum with private sector institutions in the payment space.

Siam Commercial Bank Plans to Be a Fully Digital Bank

In terms of its wealth management service offerings, SCB has formed a network of relationship managers, an array of investment products, and reputable partners.

Barclays records surge in contactless transactions

There was also rapid growth in the value of mobile wallet contactless payments over the £100 card limit.

In Vietnam, Rural Adoption Is the Driving Force for Cashless Payments

This was to the detriment of cash usage, where withdrawals processed through the NAPAS system decreased by half.

Monzo launches 3% instant access savings option

The digital bank’s new savings option matches JP Morgan Chase’s.

Retail Banking