Tagged: banking

August 29, 2023 @ 1:53 pm By Omar Faridi  |  

At least half of retirees could be missing out on hundreds of pounds of interest each year through “keeping their savings in accounts with rates of 3% or less a year,” according to new research. As high street banks have come under fire for failing… Read More

August 29, 2023 @ 7:22 am By Omar Faridi  |  

Bank Indonesia, Bank Negara Malaysia, and the Bank of Thailand have reportedly concluded three bilateral Memorandum of Understanding (MoUs) on 25 August 2023. These MoUs are the Framework for Cooperation to Promote Bilateral Transactions in Local Currencies between the countries. The scope of the framework… Read More

August 28, 2023 @ 4:23 pm By JD Alois  |  

LHV Bank, a fully regulated bank in the UK, says the business transfer from its Estonian affiliate to the UK is now completed. LHV received its banking license in May 2023. LHV specialises in providing services for global Fintechs and SME Lending solutions for UK… Read More

August 28, 2023 @ 8:37 am By Omar Faridi  |  

P2P digital currency exchanges have reportedly assisted crypto traders with circumventing globally-enforced sanctions against Russia’s banking institutions. Crypto exchange Binance‘s recent activities might worsen its regulatory challenges in the US. The recent crackdown attempts to place a ban on transactions completed with payment cards that… Read More

August 26, 2023 @ 3:10 pm By Omar Faridi  |  

  As the banking landscape rapidly evolves, we decided to speak with Amit Dua, President at SunTec, a technology partner that claims to work with the world’s largest banks, helping them to improve their customer experience, pricing strategies, and ESG approach through technology-led solutions. Amit… Read More

August 24, 2023 @ 8:19 am By Omar Faridi  |  

Mambu, the cloud banking platform, has appointed Fernando Zandona as Chief Executive Officer. After serving as interim CEO since June – having previously held the role of Chief Product and Technology Officer at Mambu – Fernando will now “spearhead the business as it enters its… Read More

August 24, 2023 @ 8:06 am By Omar Faridi  |  

As the “only” bank in Denmark, Lunar has decided to offer positive interest rates on all types of accounts without any demands for tying up the funds. Lunar is reportedly “removing the upper limit on deposit interest rates, allowing all paying customers access to positive… Read More

August 23, 2023 @ 9:36 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, has launched ‘Vendor Payments’, a comprehensive platform that empowers businesses to streamline and manage their purchase-to-pay cycle, improving efficiency and reducing processing time. ‘ Vendor Payments’ simplifies not only vendor payments, but “other account payables including… Read More

August 23, 2023 @ 7:17 am By Omar Faridi  |  

Steve Hulme, CFO at Zopa Bank, has shared an update on their financial performance. Last year was an “exceptionally” strong year for Zopa Bank that reportedly “laid the foundations for their strong profitable growth.” The firm’s management added that as people in the UK continued… Read More

August 22, 2023 @ 9:21 am By Omar Faridi  |  

Treasury Prime, a embedded banking software company, today announced its strategic partnership with Liberty Bank, N.A., a full-service commercial bank supporting markets across California, to offer innovative embedded banking solutions to customers in the fintech space. Through the collaboration, Liberty Bank, N.A. will work “with… Read More

August 22, 2023 @ 7:12 am By Omar Faridi  |  

It can be beneficial to support new businesses through a dedicated pre-regulated service and operating account, through to a fully licensed bank. This approach can provide cost-effective “access to Faster Payments (FPS) – offering all the advantages of the UK’s faster payments infrastructure to its… Read More

August 21, 2023 @ 8:35 pm By JD Alois  |  

One of the ongoing themes of the Fintech sector is the fact that agile early-stage firms can do better with less. This is especially the case with old financial services firms, like lumbering banks. While Fintechs tend to combine industry knowledge with a vision of… Read More

August 21, 2023 @ 6:42 pm By Omar Faridi  |  

The latest Bank Financing Supply and Demand Survey conducted by Bank Indonesia in July 2023 reportedly “indicates limited growth of corporate financing, as reflected by a relatively stable Weighted Net Balance (WNB) of 17.6% compared to 17.8% in June 2023. Corporate financing was primarily sourced… Read More

August 19, 2023 @ 6:49 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Cebuana Lhuillier Bank, one of the most dynamic rural banks in the Philippines, has selected Temenos in order “to modernize its core banking platform, helping the bank, which serves seven million Filipinos, to quickly launch new banking products and scale… Read More

August 18, 2023 @ 2:24 pm By JD Alois  |  

Little Rock, Arkansas Fintech Capstone Banktech says it has surpassed one billion invoices processed. Capstone Banktech is a firm seeking to support community banks so they can better serve their small business partners. Capstone states almost half of the invoices processed took place in the… Read More

August 18, 2023 @ 2:15 pm By Omar Faridi  |  

Dock, a B2B technology company for payments and banking, announced that Tenpo, Chile’s largest digital bank with more than 2.2 million customers, is now “a customer of the Brazilian company.” Dock’s expertise and infrastructure is “behind the issuing and processing technology that Tenpo is using… Read More

August 18, 2023 @ 11:22 am By Omar Faridi  |  

NCR Corporation (NYSE: NCR), an enterprise technology provider, today announced it has expanded its partnership with Kiwibank, the largest New Zealand-owned bank. NCR will run the bank’s ATM fleet “through its ATM as a Service solution, and Kiwibank’s 200+ ATMs will be incorporated into NCR’s… Read More

August 17, 2023 @ 12:55 pm By Omar Faridi  |  

Corserv, a company that empowers banks and fintechs with payment programs, has partnered with Ohio-based Peoples Bank in order “to implement a credit card program to serve their commercial, small business, nonprofit, local municipalities, and consumer customers.” Peoples Bank is “a $8.8 billion full-service relationship… Read More

August 15, 2023 @ 5:56 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has announced its official entry into the Canadian market, “backed by the integration of Interac payment rails, with banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards,… Read More

August 13, 2023 @ 5:42 pm By Omar Faridi  |  

Fime has been selected by Bangladesh Bank to help launch the nation’s domestic card scheme. During this six-year partnership, Fime will aim to “provide consulting and testing services, and set up a certification body framework.” By establishing this independent payment infrastructure, Bangladesh Bank is “creating… Read More