03/02/2020
Tech companies eying banking
The banks were run with large manual ledgers, bankers had to put thousands of manual entries in those ledgers each day.
Retail Banking
03/02/2020
Dubai’s DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform
The platform will make it easier for new companies to do business in the UAE, removing existing paper-based KYC processes
03/02/2020
Bain & Co: Banks are Losing Customers to Fintech and Tech Giants
According to the research, customers in many countries, but most particularly those in emerging markets, are willing to try banking with a tech company such as Facebook or Google.
03/02/2020
BCG evaluates Commerzbank strategy for German Government
According to the Financial Times, which published the comments in February 2020, the ECB took issue with the lender’s 4% return medium-term goal for equity.
02/28/2020
Deutsche Bank recently released its The Future of Payments research report
They are instrumental in helping retail banks in Italy, Belgium, France, UK, Portugal and Mexico to take a different approach to how branch networks are cut back and how ATMs can be used to generate revenues and offer more services.
02/27/2020
Finablr’s BayanPay secures Saudi Arabia licence
Vision 2030 aims to increase non-cash payments to 70 per cent of all payments by 2030
02/27/2020
Finastra boosts retail banking service with addition of four FinTech apps
With the use of Finastra’s APIs and the intelligent application of transactional and third-party data, these apps bring much sought after experiences to consumers, helping financial institutions deliver on the promise of innovation through collabora
02/27/2020
Al Rayan Bank launches new digital banking app
In addition to this, existing customers who do not have a smartphone will be provided with a free hard-token device that will enable them to continue banking online.
02/27/2020
Bank of the Bahamas Selects Newgen Software to Automate Retail Lending and Account Opening Processes
Bank of the Bahamas Selects Newgen Software to Automate Retail Lending and Account Opening Processes
02/26/2020
Mastercard, Rakuten Viber Team To Bring P2P Transfers To Romania
This partnership is just another example of how Mastercard Send is providing innovative new solutions for customers and consumers all around the world, enabling them to send and receive money – when, where and how they want.
02/26/2020
Mastercard's strategy for open banking addresses risk, trust
The European Union has mandated open banking through its PSD2 regulation, which facilitates bank account-based consumer payments to merchants as alternatives to credit cards.
02/26/2020
Dubai Economy with 6 banks to launch the first KYC Consortium in the UAE
The platform will offer a digital ‘Instant Bank Account’ functionality, allowing for faster and less cumbersome onboarding journey with banks and significantly improving the experience of new investors looking to establish themselves in the UA
02/25/2020
Brazil Launches Nationwide Instant Payments System
During a demonstration, the bank showed the platform being used to pay for everyday purchases, utility bills and taxes and to transfer funds between accounts.
02/25/2020
Credit card company is developing technology that will recognise you from the way you WALK
They would automatically open if matched person's walk with valid bank account
02/25/2020
Affin Bank crowned winner of ‘Best Digital Customer Experience in SME Banking’
The bank is picked for its active role in providing the SMEs with meaningful propositions by being a key partner throughout their business journey
02/24/2020
Nikolay Storonsky’s Revolut freezes accounts in money-laundering bungle
Digital bank says sorry after wrongly suspecting customer
02/21/2020
CIMB Bank Singapore Introduces Virtual Account with Distinct Benefits for Corporates
Banking need not be so complicated in today’s environment, and we intend to provide financial services and solutions for a better banking experience,”
02/21/2020
Barclays scraps Big Brother-style spyware on staff computers
The software, which was provided by Sapience, told staff to “avoid breaks” as it monitored their productivity and recorded toilet breaks as “unaccounted activity”.
02/21/2020
PayPal thinks it has the answer for small business lending in Australia
It also sees identity verification as the biggest value of the Consumer Data Right.
02/19/2020
Bahrain's GFH buys 70% stake in Dubai Fintech major Marshal
Dubai-headquartered Marshal, established in 1981, is the largest and oldest enabler of payment technology in the Middle East