Tagged: digital banking

May 8, 2023 @ 7:19 pm By Omar Faridi  |  

PT Bank Maybank Indonesia, Tbk. (Maybank Indonesia or the Bank) announced its Consolidated Financial Results ended 31 March 2023, “with Profit before Tax (PBT) increased by 33.3% to Rp750 billion from Rp562 billion last year.” This was “derived from improved earning on its assets composition… Read More

May 8, 2023 @ 8:02 am By Omar Faridi  |  

Money is the number one cause of quarrels for three out of 10 couples in the UK, according to a survey by Starling Bank. Couples aged 45-54 reportedly “have the most disagreements (39%), along with parents (37%).” The research, which “questioned 4,000 over 16s in… Read More

May 7, 2023 @ 2:59 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has reportedly imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement, “following the widespread unavailability of DBS Bank’s digital banking services on 29 March 2023 and a subsequent disruption to its digital banking and ATM services on… Read More

May 5, 2023 @ 8:21 am By Omar Faridi  |  

Tarabut Gateway, which claims to be one of MENA’s leading open banking platforms, announces the completion of a US$32 million Series A fundraise. The investment round was “led by Pinnacle Capital, a leading alternative investment firm that focuses on KSA investments to provide unique alternative… Read More

May 1, 2023 @ 9:43 pm By Omar Faridi  |  

Mr. Tharith Panpiemras, Assistant Governor of the Financial Institutions Policy Group, announced that after the Bank of Thailand (BOT) released the Virtual Bank Licensing Framework for public consultation “between January 12 and February 12, 2023, the BOT reportedly received questions and helpful feedback from stakeholders… Read More

April 30, 2023 @ 5:18 pm By Omar Faridi  |  

Mutual Vision, a community-owned technology provider, announced it will adopt Mambu’s cloud banking engine. Mambu will “underpin Mutual Vision’s services and bring a unique proposition to its expanding customer base of 27 building societies and banks in the UK.” Mutual Vision provides “a digital platform… Read More

April 28, 2023 @ 5:39 pm By Omar Faridi  |  

Digital banking innovator Tyfone, Inc. announced a major transaction that includes a significant investment from Demopolis Equity Partners and a merger with digital banking provider Cubus Solutions, “resulting in the combined entity operating under the Tyfone brand.” This move will aim to accelerate “the adoption of… Read More

April 28, 2023 @ 8:29 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, reportedly reached the milestone of 80 million customers in Latin America “in the first week of April 2023, where it maintains operations in Brazil, Mexico and Colombia.”… Read More

April 24, 2023 @ 6:47 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital financial services platforms, announces NuPay – which is described as “the exclusive online payment service for Nubank customers – as the newest payment method on iFood, a Brazilian technology company.” As of… Read More

April 22, 2023 @ 11:26 am By Omar Faridi  |  

Revolut, a digital bank that reports over 27 million retail customers worldwide, has announced a successful finalization of “a direct connection to Single Euro Payments Area (SEPA) financial network.” By joining more than 3000 financial institutions including the world’s biggest banks already participating in SEPA,… Read More

April 20, 2023 @ 8:31 am By Omar Faridi  |  

The digital bank N26 announced its new campaign, “Security Explained Simply” in order to help “decode the increasingly complex landscape of security in digital banking.” Each of the five updates featured in the campaign “discuss a separate security concept narrated by a character that relates… Read More

April 18, 2023 @ 2:08 pm By Omar Faridi  |  

Finastra announced that Plaid, the open finance provider, is now integrated within Finastra’s Fusion Digital Banking platform. The partnership, delivered via Finastra‘s FusionFabric.cloud open APIs, “provides financial institutions of all sizes within the Finastra ecosystem with account verification tools, making it easier and more secure… Read More

April 17, 2023 @ 8:30 am By Omar Faridi  |  

The European Investment Bank (EIB) is granting a €100 million loan to illimity which, in turn, “undertakes to invest an additional €100 million for small businesses through b-ilty, the illimity Group’s digital bank.” As noted in the update, 30% of the resources will be “channeled to… Read More

April 13, 2023 @ 4:18 pm By JD Alois  |  

KeyBank (NYSE:KEY) will see its digital banking product receive an upgrade as Quolo has announced that it will power KeyBank’s banking services, including payment solutions, virtual accounts and more. As a KeyBank customer, it has been a pretty rough ride, so expectations are pretty high… Read More

April 12, 2023 @ 10:57 pm By Omar Faridi  |  

Maybank’s Kill Switch solution is now introducing a new security add-on, in addition to the Maybank2u access’ deactivation feature launched in late January this year. The new security add-on via Maybank2u (M2U) web and the MAE app “will allow customers to swiftly and conveniently temporarily… Read More

April 11, 2023 @ 10:19 pm By Omar Faridi  |  

OCBC Bank has opened the doors to a different banking experience on leading Metaverse platform Decentraland. Named after the address of the bank’s headquarters on Chulia Street, Singapore, OCBCx65Chulia “allows visitors to learn about OCBC’s historical milestones along with the latest banking products and services.”… Read More

April 10, 2023 @ 4:35 pm By Omar Faridi  |  

Nubank (NYSE: NU), one of the world’s largest digital financial services platforms, launched the campaign” “Those who have Nubank have more security and less concerns.” The action aims “to highlight the company’s security features, high technology, and data protection tools offered to more than 70… Read More

April 4, 2023 @ 6:17 pm By Omar Faridi  |  

Hadhramout Commercial Bank (HCB) has successfully gone live on ICS BANKS Innovative Core banking, Digital Banking, and Islamic Banking solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions. Hadhramout Commercial Bank is “a newly established Yemeni bank… Read More

April 4, 2023 @ 11:17 am By Omar Faridi  |  

NAB has started introducing more proactive prompts to digital banking to help customers identify potential scams and “to make sure money is going to the right recipient when they’re making a payment.” The initiative will “present customers with real-time, personalized messages based on the type… Read More

April 3, 2023 @ 6:42 am By Omar Faridi  |  

In yet another initiative with the aim of taking care of our planet, C6 Bank launched the Carbon Extract, being the “first” bank in Brazil to launch a tool of this type in its application. In this new bank tool, it is possible “to calculate… Read More