Tagged: financial services

March 20, 2023 @ 10:07 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently said that Singapore’s banking system “remains sound and resilient amid heightened volatility in global financial markets following the recent closure of banks in the US.” The Singapore Dollar money market and foreign exchange market “continue to function well.”… Read More

March 20, 2023 @ 9:58 pm By Omar Faridi  |  

Sopra Banking Software (SBS), the global fintech company creating a new breed of banks to power financial services in every industry, announced the consumer-focused findings of its second annual Digital Banking Experience (DBX) Report. This year’s report, “produced in partnership with Forrester and IPSOS, reveals… Read More

March 20, 2023 @ 4:27 pm By Omar Faridi  |  

SMA Technologies, a provider of automation solutions for financial services and the maker of OpCon Workload Automation & Orchestration, announced an expansion of its relationship with Jack Henry (Nasdaq: JKHY) in order “to include banks after successfully scaling digital business transformation with OpCon for Jack… Read More

March 20, 2023 @ 3:40 pm By Omar Faridi  |  

Engage People, which claims to be the only loyalty network that enables program members to pay with points (PwP) directly at checkout, “reported 22 billion points redeemed and a total of 1.8 million in transactions across its loyalty network in 2022.” As the demand for… Read More

March 20, 2023 @ 8:20 am By Omar Faridi  |  

Manchester-based Fintechs, BankiFi and Financielle have announced the joint launch of a new playbook for small-to-medium sized enterprises (SMEs), “giving business owners back their most valuable asset – time.” The new playbook has been designed “to help SMEs, especially those that are female led, to… Read More

March 20, 2023 @ 8:18 am By Omar Faridi  |  

Treasury Prime, the embedded banking software platform, recently announced the launch of OneKey Banking. This “first-of-its-kind” technology enables Treasury Prime customers “the ability to unlock the full potential of the industry’s largest bank network (15+ financial institutions) using instant cross-bank transfers (network transfers).” OneKey Banking… Read More

March 19, 2023 @ 7:21 pm By Omar Faridi  |  

FS-ISAC, the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, announced that Google Cloud has joined its Critical Providers Program, designed “to strengthen the security of the financial sector’s supply chain.” The partnership will “focus on reducing third-party cyber risk… Read More

March 19, 2023 @ 7:19 pm By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for leading businesses, announces that it has further “advanced its digital authentication solution, with ongoing pilots realizing a conversion uplift of up to 7%.” Engineered to optimize authorization and therefore end revenue, the company’s expanded… Read More

March 19, 2023 @ 2:50 pm By Omar Faridi  |  

Juniper Research specializes in identifying and appraising new high-growth market sectors within the digital ecosystem. They provide market research covering 90 technology markets. Their research reports form the basis on which their analysts make various predictions. As noted in an update shared by Juniper Research,… Read More

March 19, 2023 @ 2:43 pm By Omar Faridi  |  

The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) signed recently a Memorandum of Understanding (MoU) in Abu Dhabi, United Arab Emirates to enhance cooperation and jointly enable innovation in financial products and services. Under the MoU, the… Read More

March 18, 2023 @ 11:52 am By Omar Faridi  |  

Xapo Bank now supports near-instant pounds Sterling payments and from the United Kingdom. Xapo Bank confirmed in a blog post that they are pleased to announce that they have joined the Faster Payment System (FPS). This means their members can now “send Pounds Sterling directly… Read More

March 18, 2023 @ 11:46 am By Omar Faridi  |  

GoCardless, a global firm focused on bank payment solutions, has integrated with Zapier, the key player supporting no-code automation, in order “to help businesses save time and energy when managing their payments.” Businesses can now “build Zaps — Zapier’s automated workflows — for GoCardless, eliminating… Read More

March 17, 2023 @ 9:03 am By Omar Faridi  |  

Robinhood Inc (NASDAQ:HOOD) has reportedly decided to make an exception to its short position ban for customers who had placed winning “puts” against failed lender Signature Bank (Nasdaq: SBNY), the FT revealed on Thursday (March 16, 2023). Put options are essentially contracts that provide a… Read More

March 17, 2023 @ 8:59 am By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised an additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding reportedly comes as “a part of PhonePe’s ongoing fundraise of up to $1 billion in… Read More

March 16, 2023 @ 7:33 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, announced OpenAI has chosen Stripe to power payments as it “moves to commercialize its groundbreaking ChatGPT and DALL·E generative AI technologies.” Stripe is also “incorporating OpenAI’s new natural language technology, GPT-4, into its products and services.” Peter Welinder,… Read More

March 15, 2023 @ 10:38 pm By Omar Faridi  |  

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing service designed “to empower SMEs (small and medium enterprises) to pursue their ambitions by meeting… Read More

March 14, 2023 @ 10:49 pm By Omar Faridi  |  

Astra Tech’s PayBy, a Central Bank-UAE licensed Fintech offering a variety of financial technology services, has achieved a significant milestone in the MENA region fintech space by becoming one of the first fintech player “to obtain a Mastercard (NYSE: MA) principal membership license.” This achievement… Read More

March 14, 2023 @ 5:16 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services, announced that it has launched its new LIBOR Benchmark Replacement Index solution “to support the industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) as… Read More

March 13, 2023 @ 10:10 pm By Omar Faridi  |  

Homegrown financial services company Singlife has appointed Citi and BlackRock Aladdin to “provide it with a comprehensive technology platform to unify and transform its asset management capabilities across its front, middle and back-office offering.” Citi and BlackRock Aladdin previously “entered into an alliance to leverage… Read More

March 13, 2023 @ 8:54 pm By Omar Faridi  |  

Paymob, the financial services enabler in the MENA region and Pakistan (MENAP) and Shahid, the Arabic streaming platform by MBC GROUP, announced their signing of a new partnership agreement. The partnership “enables Shahid customers in Egypt to pay for their subscriptions via electronic wallets processed… Read More