Tagged: banking

February 1, 2023 @ 8:17 am By Omar Faridi  |  

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and… Read More

January 27, 2023 @ 8:57 pm By Omar Faridi  |  

Zafin, which claims to be the world’s leading SaaS cloud-native product and pricing platform,  announces the launch of a new Transformation & Modernization group, created “to provide end-to-end management for the company’s priority banking accounts.” The new unit will “accelerate Zafin’s momentum in the market… Read More

January 25, 2023 @ 8:22 pm By Omar Faridi  |  

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.” Singapore-based Tyme Group, which has partnered with Gokongwei… Read More

January 25, 2023 @ 3:00 pm By Omar Faridi  |  

Managing compliance risks can feel intimidating, “especially because identity crime and fraud attempts jumped by 36% in 2021 relative to 2020,” according to the Identity Theft Resource Center. As global regulations and accessibility increase, so do compliance risks. To ensure secure operations and offer a… Read More

January 22, 2023 @ 3:32 pm By Omar Faridi  |  

Bank Nagelmackers, which claims to be one of the leading personal and private banks in Belgium, has selected Objectway, a Pan-European Wealth & Asset Management software and services company, in order “to implement a new private client wealth management platform for the bank’s advisory, discretionary… Read More

January 19, 2023 @ 11:07 am By Omar Faridi  |  

Dock, an innovator in financial technology infrastructure across Latin America, has launched Dock One, an integrated cloud-based platform for banking and payments that “allows companies to easily scale business operations anywhere in the world by offering financial services enablement to their customers.” The innovative platform… Read More

January 19, 2023 @ 7:57 am By Omar Faridi  |  

WeLab Bank, which claims to be the most innovative bank in Hong Kong, launched the Exclusive Limited-time Offer: Tesla-dedicated Loan with 0% APR “for selected Tesla owners and staff from selected organizations across Hong Kong.” Eligible customers will also “enjoy bonus offer including free supercharging1,… Read More

January 17, 2023 @ 11:01 am By Omar Faridi  |  

NTT DATA UK&I, which claims to be a trusted global innovator in banking and IT services, has announced that it has appointed four new senior hires to its banking practice (banking solutions division), “demonstrating continued growth as an advisory business of the highest quality.” Banking… Read More

January 15, 2023 @ 10:26 pm By Omar Faridi  |  

Qonto has revealed its roadmap for the integration of Penta. Qonto, which claims to be the European market leader in digital financial management for SMEs and freelancers joined forces with Penta, the digital business banking provider for SMEs and freelancers in Germany last summer. The… Read More

January 14, 2023 @ 9:40 am By Omar Faridi  |  

The European Banking Authority (EBA) published its peer review on authorization of payment institutions and e-money institutions under the revised Payment Services Directive (PSD2). The review generally found “increased transparency and consistency of the information required in the authorization process.” However, it also “identified significant… Read More

January 12, 2023 @ 11:26 pm By Omar Faridi  |  

Intergiro, a Swedish business account provider and payment processor, has announced that it will offer free banking services “to merchants who open a merchant business account with the company.” This move comes in response “to rising inflation rates and uncertain market conditions, which places pressure… Read More

January 12, 2023 @ 8:24 am By Omar Faridi  |  

Small business loan approval percentages at big banks “slipped again, falling from 14.6% in November to 14.5% in December, which tied with January for the lowest monthly approval rate for big banks in 2022,” according to the latest Biz2Credit Small Business Lending Index™ released on… Read More

January 11, 2023 @ 8:48 am By Omar Faridi  |  

Tide, the UK’s business banking platform, has announced the appointment of Vinay Ramani to the new role of Chief Product Officer. Vinay will drive Tide’s vision “for its global product strategy, broaden Tide’s small business-focused offering in the UK and India, and progress Tide’s members’… Read More

January 7, 2023 @ 9:22 am By Omar Faridi  |  

Axis Bank, India’s third largest private sector bank, has partnered with the world’s fastest-growing digital banking enterprise, OPEN, “to provide a fully native digital current account journey for its customers including SMEs, freelancers, homepreneurs, influencers and more.” This partnership “offers the larger business community access… Read More

January 6, 2023 @ 7:55 pm By Omar Faridi  |  

ICICI Bank (NYSE:IBN) announced the launch of digital solutions for exporters, “a comprehensive set of banking and value-added services on a single platform.” In a first-of-its-kind initiative in the industry, the suite of solutions “digitize the entire export life-cycle– from discovery of export markets, export… Read More

January 6, 2023 @ 7:27 pm By Omar Faridi  |  

Maybank announced that it is offering Flood Relief Assistance to individual, SME and other non-retail customers “affected by floods arising from heavy rainfall recently.” The relief assistance is “aimed at easing the financial burden of Maybank customers impacted by the floods.” The Flood Relief Assistance… Read More

January 5, 2023 @ 9:16 am By Omar Faridi  |  

A survey of more than 1,000 European business leaders based in the UK, Belgium and the Netherlands, by Vodeno/Aion Bank has found: More than half (51%) believe BaaS will make traditional banking obsolete 58% said BaaS providers offering a licence alongside a tech solution will… Read More

January 3, 2023 @ 11:32 pm By Omar Faridi  |  

GoCardless, which claims to be a global leader in direct bank payment solutions, has  announced it is “officially live in the market with PayTo, an instant account-to-account payment method that has been designed to replace Australia’s traditional Direct Debit network in approximately three to five… Read More

January 3, 2023 @ 10:29 pm By JD Alois  |  

Earlier today, the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the US Federal Reserve made the interesting move to jointly issue a statement cautioning banks about working with crypto firms. The joint statement… Read More

January 3, 2023 @ 9:56 pm By Omar Faridi  |  

Caixa Geral de Depósitos (CGD), the Portuguese state-owned banking corporation, and the largest bank in Portugal, has chosen “to implement regulatory reporting software from Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR).” OneSumX for Regulatory Reporting “combines bank data into a single source of data… Read More