Tagged: banking

March 9, 2022 @ 11:49 am By JD Alois  |  

Bank North, a forward-thinking bank serving UK SMEs, has added several new executives to its team. According to a note from the company, the bank has appointed a Head of Valuations, Head of Financial Reporting and Financial Control, Head of Underwriting, and acting Treasurer, along… Read More

March 8, 2022 @ 3:13 pm By Omar Faridi  |  

Banking institutions appear to be ignoring the problem of fraudulent activities allegedly being carried out via Zelle, a new report reveals, with large financial service providers that founded the service not really caring or concerned about issues with the digital payments platform. Zelle has quickly… Read More

March 7, 2022 @ 7:56 am By Omar Faridi  |  

Software intelligence firm Dynatrace (NYSE: DT) announced that TSB Bank is using the Dynatrace platform to “accelerate innovation as it expands digital services for its customers.” TSB has built a multi-Cloud banking platform on AWS, IBM Cloud, and BT Cloud, to “support customers across all… Read More

March 6, 2022 @ 6:28 pm By Omar Faridi  |  

Maybank recently revealed that it has introduced its digital home financing solution “Maybank Home2u” via its MAE app which is able to provide approvals within seconds and is available to existing and new clients. Supported by Maybank’s automated decisioning engine, the solution provides a fully… Read More

March 5, 2022 @ 7:58 am By Omar Faridi  |  

Qatar Fintech Hub announced that it decided to host the fourth hackathon “to foster innovative ideas in next generation banking” Applications had been open “until 2 March 2022.” As confirmed in the announcement, pitches “take place on 10 March, and winners to be announced by… Read More

March 3, 2022 @ 8:25 am By Omar Faridi  |  

Goldman Sachs (NYSE: GS) is reportedly moving forward with its embedded finance plans. The investment bank’s collaboration with General Motors (GM) (NYSE: GM). This is the most recent step taken to capitalize on this growing Fintech trend. Goldman Sachs had taken over issuing the General… Read More

March 1, 2022 @ 11:03 pm By Omar Faridi  |  

Malaysia’s CIMB has reported a credit loss of around $67 million because of a processing error that led to some clients receiving duplicate credits to their accounts. CIMB‘s management discovered the glitch, which was related to a third-party financial remittance service, in January 2022. The… Read More

March 1, 2022 @ 9:35 pm By Omar Faridi  |  

Douugh Ltd (ASX: DOU), the banking super app on a mission to help clients “autonomously budget, save and invest their money to live financially healthier lives,” is pleased to confirm a partnership with TrueLayer in order to access Open Banking data in Australia. Open Banking… Read More

March 1, 2022 @ 11:15 am By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM) announced on Monday (February 28, 2022) that it would be making an investment in TRM Labs, a blockchain analysis company, becoming the latest in a growing number of Wall Street giants who are expanding their footprint in the crypto and DLT  industry…. Read More

February 28, 2022 @ 10:42 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the financial services sector is changing, and ensuring loyalty is “increasingly difficult.” Blend writes in a blog post that clients are now looking for all-digital experiences that are fast, easy, as well as more efficient. And they… Read More

February 28, 2022 @ 10:09 pm By Omar Faridi  |  

On February 25, 2022, within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore, HDBank signed a cooperation agreement with Thought Machine group – a core banking solution provider. In Vietnam, HDBank will be working with Thought Machine to “develop the latest version… Read More

February 28, 2022 @ 5:44 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, recently announced that Canada Life UK, a subsidiary of Canada Life Group, has officially gone live with Temenos Multifonds  in order to support its UK investment accounting operations. Administration of life and pensions funds is “highly governed” and… Read More

February 27, 2022 @ 6:21 pm By Omar Faridi  |  

Pakistan’s NayaPay Pvt. has reportedly acquired $13 million in early-stage capital as it aims to onboard consumers who an underbanked or financially underserved. The Karachi-headquartered Fintech firm’s seed round has been led by Zayn Capital, MSA Novo and Silicon Valley’s early-stage investor Graph Ventures, CEO… Read More

February 27, 2022 @ 4:45 pm By Omar Faridi  |  

MX, the financial data platform and provider of modern connectivity, has announced a partnership with Rize, an embedded banking platform, in order to support financial technology developers and non-financial firms to efficiently “build, launch, and scale new financial products and services via a single API.”… Read More

February 26, 2022 @ 10:31 am By Omar Faridi  |  

LatAm Fintech Belvo notes that enrichment products are able to offer out-of-the-box insights based on clients’ transactional data in order to enhance decision-making and allow firms to better understand customers. But how do these products work and what can you build with them, the team… Read More

February 25, 2022 @ 5:09 pm By Tony Zerucha  |  

FV Bank, a U.S. licensed global digital bank offering a vertically-integrated suite of traditional and digital asset banking and custody services to Fintech and blockchain firms, has introduced its first application programming interface (API) to advance bank automation and integration for its clients’ operations. FV… Read More

February 24, 2022 @ 8:23 am By Omar Faridi  |  

European Fintech challenger bunq notes that managing your funds has become even easier when using their platform. The team at bunq writes in a blog post that consumers do not want to spend a lot of time on money admin, because there are so many… Read More

February 23, 2022 @ 8:48 am By JD Alois  |  

Zopa, a digital bank, has launched a new, branded savings product called “Smart Saver.” The savings vehicle currently offers a 0.72% return for “immediate access to savings,” a return which is said to be 72 x the standard high street offering during a time of… Read More

February 22, 2022 @ 9:17 pm By Omar Faridi  |  

Jack Wilson, Head of Public Policy at TrueLayer, notes that Open banking started back in 2018 thanks to appropriate regulations (PSD2) which gave consumers the right “to access their bank account data using third parties called account information services providers (AISPs).” However, these same set… Read More

February 17, 2022 @ 5:00 am By Omar Faridi  |  

indó, an Icelandic Fintech focused on the consumer virtual banking space, has announced that it is emerging from stealth mode with $4.5 million in seed funding. indó is reportedly the first challenger bank to launch in Iceland. The motivation behind indó was the 2008 financial… Read More