Managers of Wealth Fintech

Pandemic speeds up UAE’s transition to cashless ecosystem

UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes daily

Ecobank Group launches an eCommerce solution for African MSMEs

Ecobank has operations in East, Central, West, and Southern Africa with 1,300 branches across 36 countries

Banks Attract N37tn Deposits Despite COVID-19 Disruptions

The growth was attributed majorly to the deployment of technology as well as banks’ aggressive marketing of their alternative banking channels.

Finding The Tech-Human Balance In B2B Payment Optimization

Now, with electronic processes in place in accounts payable (AP) and accounts receivable (AR) departments, businesses are in a more strategic position than ever before to elevate workflows and strengthen B2B relationships.

Demand soars for fintech, big tech loans

The credit flows of both fintech and big-tech companies have increased tremendously in the last few years in highly developed countries.

Arab Monetary Fund announces full live operations of Buna

Buna fully ready to operate and execute payments cross-border

PagoFX launches international money transfer service in Spain

Due to the pandemic and travel restrictions, PagoFX is helping Spanish residents with a no-fee programme, which lets all users to send up to €1.000 in different transactions at no fee until 28 February 2021, and higher amounts at a low cost.

Banks take the lead in embracing digital payments

According to a research paper published by the Boston Consulting Group (BCG), the volume of digital payments is soaring and by 2020 is likely to approach $5 trillion worldwide.

Fiserv Enhances Digital Experiences with Acquisition of Ondot

Complementary and comprehensive portfolio of digital capabilities will enable Fiserv clients to deliver seamlessly integrated, enriched and frictionless financial services

UK fintech GoCardless raises $95m funding

Funding round led by Bain Capital Ventures will fuel open banking strategy, accelerating delivery of next-generation bank-to-bank payments

French fintech firm Lydia raises $86 million

Amit Jhawar, former general manager of PayPal’s mobile app Venmo and Accel venture partner, will join Lydia’s board.

Kenya-based fintech wins 2020 AFI Inclusive Fintech Showcase

The showcase is an initiative operating under the 2018 Sochi Accord with AFI’s membership that aims to participate in systemic dialogue-driven platforms and partnerships with fintech firms and technology providers that regulate policies.

Banco Sabadell lets biz customers make payments from accounts with other banks

This is not the first Open Banking move by Sabadell, which has been letting customers aggregate accounts held with other financial institutions since April.

UK Supreme Court paves the way for £14 billion Mastercard class action

The judgment, upholding a Court of Appeal decision last year, could set the scene for Britain’s first mass consumer claim brought under the new legal regime.

FIS rolls out token management service

FIS will also enable Click to Pay with Visa, which provides online shoppers with a smarter, streamlined checkout experience.

Bank of America launches cross-border payments tracker with Swift gpi

The CashPro enhancements coincide with an expansion of Bank of America’s SWIFT gpi international coverage supporting 140+ currencies worldwide.

Bank of England warns of Brexit payment disruption

To the extent that gaps remain at the end of the transition period, they are likely to result in some disruption to both EU and UK customers and businesses seeking to make and receive such payments.

African Banks Perfectly Poised to Benefit from Chat Commerce

Clickatell believes banks, particularly in the emerging markets, can increase their reach by a factor of three if they implement chat

Is 'buy now, pay later' the future for Gulf digital payments?

Fintech provider Tabby wins $23m funding to grow its 'instant credit' network

Virgin Money South Africa is now Spot Money – A new open banking platform

A few months after the app’s launch, Virgin Money released a new version of Spot that was built on blockchain technology.

Retail Banking