Category: Banking Tech

December 1, 2023

Now in their 24th year, the awards acknowledge key developments in banking, finance, and technology. This year, we recognised a broad range of organisations, from established players to emerging fintech start-ups. The awards ceremony took place at the 5-star Royal […]

November 29, 2023

This month, Philip takes an in-depth look at GenAI in financial services. I’ve stayed away from writing a ‘state of play’ piece on generative artificial intelligence (GenAI) due to the sheer pace of change and my concern that any analytical […]

November 15, 2023

But for financial institutions of all sizes, there are key challenges and obstacles to success. What are these key challenges and obstacles and how are they overcome? Fintech Futures, with Moneythor, conducted a survey to identify key issues around new […]

November 13, 2023

Specifically, Klarna is expanding its self-service advertising platform, ‘Ads Manager’, in the UK and Sweden. This will enable better engagement between retailers and high-intent shoppers. Then across the pond, Klarna has made ‘Creator Shops’ live in the US, in turn […]

November 10, 2023

Instant payments enable people to transfer money within ten seconds at any time of the day, including outside business hours, not only within the same country but also to another European Union member state. The new instant payment rules will […]

November 8, 2023

At this exclusive new event taking place in Blackfriars, London, you’ll get essential insights into the latest AI trends including generative AI, strategies and advancements, and what the future holds for the technology, and have the unique opportunity to connect […]

November 7, 2023

The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend […]

October 27, 2023

UK digital bank Monese is parting ways with Thought Machine three years after signing up for its Vault core banking platform, with the company instead implementing new core tech developed in-house by the company’s recently launched fintech subsidiary XYB. Monese […]

October 27, 2023

Squeeze, the fast-growing US tech platform helping consumers manage, evaluate, and save on their recurring insurance contracts, has acquired Youtility, a UK technology start-up who partners with banks and financial technology companies to deliver embedded home finance management services. Youtility’s […]

October 26, 2023

US-based commerce technology provider Payoneer has partnered with Etsy to support the latter’s expansion into emerging markets and simplify payments. Through this collaboration, Etsy can streamline payments to sellers and help develop economic opportunities for more entrepreneurs in emerging markets. […]

October 26, 2023

As part of its revised guidance for 2023, Worldline states it now expects 6% to 7% in organic growth with respect to revenue, as opposed to its previous forecast of 8% to 10% growth for the year. It attributes the […]

October 25, 2023

With the new licence, Elavon says it will be able to “grow and provide the right payments and banking solutions for UK clients” including authorisation, settlement, card machines and banking services. The licence also covers the full extent of Elavon’s […]

October 24, 2023

Launching initially for European B2C e-commerce firms, the Paris-based fintech will provide a full-service payment platform enabled via API integrations. Its core suite will include cash-in features such as support for multiple payment acceptance capabilities and cash-out features such as […]

October 18, 2023

Amazon Payment Services, a digital payments provider operating across the MENA region, has been granted a Retail Payment Services licence by the UAE Central Bank. The press release states that this licence enables Amazon Payment Services to unlock a better […]

October 18, 2023

The deployment forms part of the bank’s core banking replacement project ‘Cosmos’. In its first phase, the new cloud-native platform will power all of the bank’s corporate and SME loan operations and will see the migration of about 60% of […]

October 16, 2023

Authorised push payment fraud involves deceiving payers into sending payments to criminals. Here’s a particularly vicious example: a first-time house buyer goes to transfer their deposit to their solicitor to complete the deal, only to find out the solicitor’s email […]

October 11, 2023

Digitisation and the use of emerging technologies such as AI are rapidly showcasing the many benefits tech can have on the financial world. However, these are not being used to their fullest extent – especially when it comes to inclusion. […]

October 9, 2023

BitMEX co-founder Arthur Hayes says two key catalysts will spark an “epic” bull market for the digital assets industry. In a new interview with Crypto Banter, Hayes says that the commercialization of artificial intelligence (AI) and historic money printing by […]

October 9, 2023

The round also saw participation from existing Japan-based investor SBI Holdings, and succeeds the platform’s $23.5 million Series C of March 2020, which was led by MUFG Innovation Partners and Bank Rakyat Indonesia Ventures. As part of the round, Investree […]

October 6, 2023

The cryptocurrency exchange has landed a Major Payment Institution (MPI) licence from the regulator, and comes just one year after it also received its In Principle Approval (IPA), enabling it to kickstart operations and offer its products and services in […]