02/16/2021
Mode to launch Open Banking platform in Q2
The solution will be initially available in the UK, but Mode is considering an expansion into Europe in due course.
Mobile Banking
02/15/2021
Are Australian businesses missing out on fintech benefits?
According to the survey, businesses across APAC cited high banking fees (48%), slow and manual service delivery (35%) and the inability to set up global bank accounts (29%) as the top pain points.
02/15/2021
Nest selects Atos to digitise its pension scheme operations
Atos’s state-of-the-art technology and cloud hosting platform will provide a scalable, agile and low-carbon solution for all processing and administrative IT, which can adapt to future requirements.
02/12/2021
Pinterest CEO’s Wealth Tops $5 Billion on Microsoft News Report
With a market cap of $53.7 billion, Pinterest would be Microsoft’s largest acquisition ever -- more than double the $26.2 billion it paid in 2016 for LinkedIn Corp.
02/12/2021
BML warns against sharing internet banking credentials on third party websites
Assuring that such websites would be monitored and that steps would be taken to mitigate any potential risks, BML reiterated the message to refrain from sharing personal banking information.
02/11/2021
Pandemic accelerates Bank of Canada's CBDC work
The Bank of Canada has accelerated work on a central bank digital currency in response to Covid-19 and its impact on cash usage, says a senior official who nevertheless cautions that a digital loonie is still not a "forgone conclusion".
02/11/2021
Italian digital bank illimity reports €31 million profit
The fourth quarter provided a significant contribution to the annual results, posting a pre-tax profit of 8.3 million euro, despite investments were made in new strategic projects whose positive effects will only be felt in future years.
02/10/2021
Dukhan Bank adds Fitbit Pay, Garmin Pay to D-Pay platform
These two services will surely enhance our customers’ experience by enabling them to perform contactless payments in a way that is seamless and safe, reflecting clearly the banks’ commitment to creating advanced payment methods that meet the c
02/09/2021
Saudi Arabia to introduce faster interbank instant money transfers this month
New system will allow payments to be processed 24 hours a day and within seconds
02/09/2021
HSBC's business clients in UAE can now make 'virtual' card payments
UK bank says it's a regional first and comes with promise of enhanced security
02/09/2021
Revolut makes virtual cards free for Irish customers amid Covid-19 ecommerce boom
The use of Revolut’s virtual cards was previously only available to its customers paying for its premium services.
02/08/2021
European Banks Form Coalition to Boost Public Cloud Adoption in the Finance Industry
Vitally, an SD-WAN can also centralise security policy orchestration and automatically direct application traffic accordingly, allowing for rapidly-deployable, uniform security policy enforcement across the network.
02/07/2021
Philippines: BSP releases Guidelines on the Establishment of Digital Banks
The Bangko Sentral ng Pilipinas issued Circular No. 1105, series of 2020, the Guidelines on the Establishment of Digital Banks. It took effect on 23 December 2020. The Circular considers digital bank as a distinct classification of bank and provides the f
02/07/2021
Beijing to issue 10 million yuan online ‘red packets’ in a broader digital currency trial
Analysts said the trial will pave the way for the digital yuan's broader use and globalization.
02/05/2021
International Development Bank in Iraq goes live on Path Solutions' iMAL*BL
This project is fundamental to IDB’s digital transformation strategy to improve customer experience
02/05/2021
Barclays adds itemised digital receipts to its banking app in partnership with fintech Flux
Early last year, Barclays announced that it has invested in Flux, taking a minority stake, so the strengthening of its partnership isn’t too much of a surprise.
02/04/2021
HMRC awards Open Banking contract to Ecospend
Under the new systems, payments will be sent directly from a payer’s bank account, using validated HMRC details to address the problems with fat finger errors.
02/04/2021
CIBC adds insights to mobile app
Using AI and machine learning, CIBC Insights notifies clients of savings opportunities and unusual transactions, while providing guidance that can support better everyday spending decisions.
02/04/2021
Singapore Fintech TranSwap Ventures to U.K.
TranSwap called the U.K. a «pivotal market» to accelerate the firm's next phase of expansion.
02/04/2021
7 FinTech Trends to Keep an Eye on in 2021
While mobile banking apps are not new to the market, there is still room for innovative solutions that can serve customers in a more effective and efficient way.