09/06/2022
Revolut under pressure over internal audit
The FRC also flagged deficiencies in Revolut's payment processing.
Retail Banking
09/06/2022
LendInvest opens Scottish office
LendInvest is recruiting for technology roles as well as its Scotland-based Credit and Operations team, seeking hires with exceptional understanding and experience of the Scottish mortgage market.
09/05/2022
Lloyds: almost 9 in 10 card payments now contactless
The growth of contactless has been accelerated by the Covid-19 pandemic, which prompted the limit to rise from £30 to £45 and then again to £100.
09/05/2022
Upgrading UK's payments infrastructure to boost GDP by $3.8bn by 2026
According to the Cebr, the ‘untapped potential’ of real-time payments in the UK is enormous
09/05/2022
Lloyds: almost 9 in 10 card payments now contactless
While tap and pay has proved highly popular, Lloyds says it has seen strong uptake for its feature allowing customers to set their own limit.
09/02/2022
Ajman Bank and Mastercard team on card for visually impaired
The notches are designed to address a problem that many blind and partially sighted people have - quickly determining whether they are holding their credit, debit or prepaid card.
09/02/2022
Digital Dollar Project launches sandbox programme
The project is designed to provide the federal government, policymakers, and private sector organisations with a stronger, clearer picture of what implementing a CBDC in the US
09/01/2022
First National Bank of Omaha launches credit card-as-a-service solution
This solution allows brands to partner with the experience of a nationally chartered bank, while unlocking flexibility through modern technology that allows for customization and embeddable card experiences.
09/01/2022
BaaS platform Solid raises $63 million
Fintech programs that build and launch on Solid own the experience and have little or no regulatory overhead.
08/31/2022
Discover opens Chicago advanced analytics resource centre
The launch of the AARC@606 advances Discover’s investment in technology and analytics as well as its commitment to bringing jobs to Chicago.
08/30/2022
NearPay launches virtual crypto cards and wallet apps
NearPay Wallet already supports 38 cryptocurrencies, including NEAR, BTC, ETH, and USDT.
08/30/2022
Fiserv partners Rutgers-Newark to drive fintech inclusion and innovation
A major program component will be a new innovation center on Washington Street, which will house technology and provide ample space for collaboration and research between faculty, students, and city business owners.
08/30/2022
Nationwide introduces sweeping for new online savings accounts
Starting with the bank’s fixed-rate online bond, sweeping will be rolled out more widely later this year.
08/30/2022
NatWest's Payit and JS Group join forces
A new payment solution can help reduce the time students have to wait to receive these payments.
08/29/2022
FIS targets central banks with real-time payments and CBDC tech
Our latest offering sets out to change that, bringing consumers, businesses, financial institutions and governments closer together in the payments ecosystem.
08/26/2022
Nationwide partners Moneyhub for open banking payments tech
Moneyhub chief commercial officer (CCO) Dan Scholey says open banking enables “frictionless payments, easy connections and endless possibilities” for customers and financial services providers.
08/25/2022
NatWest rolls out menopause support app for employees
Women of menopausal age (45-55) make up a fast-growing demographic of the UK workforce
08/25/2022
UK supermarket rolls out BNPL loans to tackle rising food costs
Walker says the Food Club has been developed in partnership with Fair For You, a charity-owned ethical lender.
08/24/2022
OneBanx taps regtech PassFort for know your business
OneBanx plans to offer SME-specific features including the ability for business managers to deposit funds into a business account in a compliant manner without the need for a bank card.
08/24/2022
UBS invests in AIOps platform BigPanda
Reflecting changing consumer banking habits, UBS in May launched a purely digital product line, UBS key4, for clients who want to carry out all of their banking transactions from their smartphones.