The EU Digital Operational Resilience Act (DORA) is operational as of today. DORA aims to harmonize the rules regarding digital operational resilience that apply to financial services firms like banks and more. DORA seeks to improve the incident reporting methodology with a single network which should… Read More
The UK Payment Systems Regulator (PSR) has updated the status of APP scam protections. APP scams incorporate digital fraud, where users of financial or transactional Apps send money to bogus sites or fraudsters. The PSR says that in 2023, there were over 250,000 cases of… Read More
Yesterday, it was reported that CHAPS, or the Clearing House Automated Payment System, the system that enables real-time gross settlement payments in the United Kingdom, had gone offline, impacting some “high-value” payments and transfers. The Bank of Engaland did not reveal the cause of the outage,… Read More
As embedded finance continues to transform the financial services sector, Currencycloud questions how banks will shape that future. The cross-border payments Fintech notes that this is the question “on the minds of industry insiders — and with the rise of embedded finance, it’s never been… Read More
Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company. Currencycloud is a global, multi-currency account provider where customers are able to collect, convert, pay, and manage multiple currencies, anywhere in the… Read More
Payments platform Tribe Payments announced on Wednesday it received certification from Mastercard as an issuer and acquirer processor across Europe. According to Tribe, the certification means that the platform’s customers, which are banks, challengers, and fintechs that offer payment services to merchants and consumers, may… Read More
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