Tagged: digitalization

February 24, 2022 @ 8:53 pm By Omar Faridi  |  

Michael Froman, Vice Chair and President, Strategic Growth at Mastercard (NYSE: MA), notes that shuttered storefronts might be a lingering symbol of the pandemic’s “economic fallout.” However, entrepreneurship is continuing to soar, “with a record 5.4 million new business applications filed in 2021, according to U.S…. Read More

February 23, 2022 @ 3:36 pm By Omar Faridi  |  

Juniper Research reveals in a recent update that the digital advertising market has reached maturity, after having originated back in 1994. But the Juniper Research team also notes that the rise of new online platforms and innovative tech seems to have energized the world of… Read More

February 20, 2022 @ 6:35 pm By Omar Faridi  |  

Mastercard (NYSE: MA) recently joined forces with retail group Massmart in order to connect Small, Medium and Micro-Enterprises (SMMEs) to cost-effective e-commerce solutions, “enabling a safe transition away from cash.” During the latter half of last year- following the period of social unrest – SMMEs… Read More

February 19, 2022 @ 6:18 pm By Omar Faridi  |  

In their latest white paper, ‘Payments without barriers: Focus on Denmark’, the team at Banking Circle has looked into the opportunities and challenges for cross-border trade in the country. Although slow settlement times and high costs are a barrier for firms wanting to trade in… Read More

February 19, 2022 @ 9:46 am By Omar Faridi  |  

Trulioo, the international identity verification firm, recently announced four new banking clients: Bambu Systems, Guardian Gold, Nerve and Simba. With Trulioo GlobalGateway, one of the largest networks of identity data and services, financial institutions can “deploy identity checks that help them satisfy Know Your Customer… Read More

February 16, 2022 @ 3:56 pm By Omar Faridi  |  

The business sector is facing an influx of innovation: changing consumer behavior and preferences, digital transformation as well as geopolitical shifts. In order to assist businesses with evolving and supporting their growth enterprise-wide, Mastercard (NYSE: MA) announced that it is expanding its payments-focused consulting service… Read More

February 14, 2022 @ 4:10 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, has announced that Commerce Bank (NASDAQ: CBSH) is now live with Temenos core banking platform. This milestone completes Commerce Bank’s modernization project to transition from its outdated legacy systems for deposits “to a modern, agile and open platform… Read More

February 9, 2022 @ 11:55 am By Omar Faridi  |  

Sila Inc., a Fintech software platform that offers payment infrastructure as a service, announced that it teamed up with TrueAccord, the debt collection firm offering intelligent, digital-first collection and recovery solutions, “to make it easier for Sila’s customers to use TrueAccord’s products and services.” Having… Read More

February 8, 2022 @ 11:39 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services tech, announced that it entered a definitive agreement to acquire Finxact, Inc., the developer of the Cloud-native banking solution that is “powering digital transformation throughout the financial services sector.” The transaction advances the… Read More

February 5, 2022 @ 9:06 pm By Omar Faridi  |  

Bank of Baroda, one of India’s largest banking institutions, had been looking to boost efficiencies, implement the latest digital technology and provide a more connected customer experience. With these objectives in mind, it chose NCR Corporation (NYSE: NCR), an international enterprise tech provider, and its… Read More

February 2, 2022 @ 3:19 pm By Omar Faridi  |  

The team at ComplyAdvantage has released their new report, titled The State of Financial Crime 2022. ComplyAdvantage’s outlook for 2022: From supply chains in crisis to “high-wire” geopolitical standoffs and the implementation of updated regulatory frameworks, it’s going to be “a landmark year for compliance… Read More

February 2, 2022 @ 8:18 am By Omar Faridi  |  

The 2022 list of firms making up the French Tech Next40/120 indices was recently announced by the nation’s government. As a reminder to industry participants, these initiatives provide support intended specifically for French scaleups that are capable of becoming “world-class” technological leaders. The Next40 and… Read More

February 2, 2022 @ 2:18 am By Omar Faridi  |  

Fintech Australia has introduced a third resource for the industry, publishing a new map outlining Fintechs in the local ecosystem. Following on from regulatory and investor maps, the ecosystem map from Fintech Australia offers a detailed overview of Fintech platforms currently in this market. The… Read More

February 1, 2022 @ 2:56 pm By Omar Faridi  |  

Many US consumers face complications, challenges or adversity when carrying out purchases because the name on their debit card doesn’t match “who they truly are.” T-Mobile (NASDAQ: TMUS) announced (on January 31, 2022) True Name® by Mastercard® for T-Mobile MONEY, allowing all clients, including transgender… Read More

February 1, 2022 @ 1:15 pm By Omar Faridi  |  

Newgen Software, an international provider of the NewgenONE Digital Transformation Platform, recently announced an integration of Newgen’s Commercial Loan Origination Software (CLOS) with Factual Data “for seamless access to the bureau credit information.” By leveraging Newgen’s CLOS, financial institutions can effectively automate their commercial lending process,… Read More

January 29, 2022 @ 4:59 pm By Omar Faridi  |  

The ICICB Group claims that it has an established track record of launching innovative businesses and propositions with consistency. The Group is known for reviewing the scope of possibilities, from initial strategy to technical development. As mentioned in an update shared by the ICICB Group,… Read More

January 28, 2022 @ 10:04 am By Omar Faridi  |  

Surecomp has announced that Rabobank, the second-largest Dutch banking institution, is now fully operational with its integrated back and front-office digital trade finance services DOKA-NG and allNETT. Rabobank has introduced one of its Marketplace partner services – the digital adoption platform Walkme™, which is reportedly… Read More

January 25, 2022 @ 8:11 am By Omar Faridi  |  

Digipost, one of Norway’s largest digital mailbox providers, has reportedly chosen the Neonomics unified API platform in order to support the introduction of account-to-account payments to its 2,7 million clients. Digipost is one of the most actively used digital invoicing services in the Nordic region…. Read More

January 24, 2022 @ 4:36 pm By Omar Faridi  |  

The team at LatAm Fintech Belvo has shared an update titled the State of Open Banking in Latin America in 2022. Belvo writes in a blog post that open banking – the opening of financial markets via technology, data, and the creation of new digital… Read More

January 23, 2022 @ 10:03 pm By Omar Faridi  |  

CIMB Philippines recently revealed that it has teamed up with Zoloz, an e-KYC tech provider, in order to enhance its virtual banking services. The banking institution will reportedly use Zoloz’s digital KYC solution for supporting secure and seamless customer onboarding as well as an improved… Read More