Category: Banking Tech

July 24, 2024

In its fifth annual report, titled The 2024 State of Payments Report, Marqeta revealed that UK consumers are very quickly embracing a digital payment society. Fifty per cent of respondents said they were feeling positive about the changes with a […]

July 23, 2024

RC365 says the licence will open up digital money lending services for its clients in the region for the first time. Chi Kit Law, CEO of RC365, comments that the acquisition “broadens our portfolio for attracting new customers” while also […]

July 17, 2024

Alkami, a cloud-based digital banking solutions provider for financial institutions in the region of the US, has been certified by J.D. Power. Following this announcement, the certification is expected to provide the financial institution with the needed capabilities to meet […]

July 12, 2024

The research, conducted among 1,200 US consumers in the second quarter of 2024, explored the general usage and behaviour of consumers around BNPL loans. Buy now pay later is an instalment loan established at the point-of-sale for the purpose of financing a […]

July 4, 2024

The Swiss National Bank has announced it is open to expand its pilot project with wholesale CBDCs. The Swiss National Bank (SNB) considers expanding its pilot project involving wholesale central bank digital currencies (CBDCs). The bank’s officials expressed interest in developing the […]

July 2, 2024

The National Bank of Kuwait (NBK) has revealed the launch of the Instant Payment Service (WAMD) within its app, beginning on June 30, 2024. The service is part of K-Net’s introduction of a new instant domestic account-to-account payment scheme in Kuwait, authorised […]

May 24, 2024

But this issue has led to loan sharks taking advantage of these people’s financial situations, and it is time for the mainstream financial sector to address the credit vacuum, urges Fair4All Finance, a financial inclusion organisation. It says that UK […]

May 13, 2024

Cybersecurity company Kaspersky has released a report which uncovered a substantial increase in mobile banking malware and crypto-related phishing in 2023. According to Kaspersky’s annual Financial Threats Report, 2023 saw an increase in the number of users facing mobile banking […]

April 8, 2024

The partnership will see Yabx leverage the business data from PayCliq and use AI/ML algorithms on its cloud-powered digital lending platform. In doing so, it will build credit scores and personalised credit limits for each business which will not only […]

March 25, 2024

US-based Emporia State Federal Credit Union has launched its updated online and mobile banking app powered by Bankjoy, a digital banking provider. Founded in 1937, Emporia State Federal Credit Union (ESFCU) has built its reputation around improving members’ lives with […]

March 6, 2024

Viva’s Merchant Advance looks to offer transparent capital to businesses, based on merchant acquiring data. Loan disbursement is instant, to help businesses of any size or type immediately access capital for growth. Merchant Advance by Viva.com is currently available in […]

February 26, 2024

The deal, which is due to be completed by the end of Q2 2024 for an undisclosed sum, marks Dunes’ first public move since its exit from stealth mode, as the firm readies to unveil its new platform combining cryptocurrency […]

February 20, 2024

In a research paper titled “Emoji Driven Crypto Assets Market Reactions,” a team of international researchers has shed light on the significant role played by emojis in influencing cryptocurrency markets. Led by Xiaorui Zuo from Fudan University in China, Yao-Tsung […]

February 15, 2024

PayPal, a dominant force in online payments, has been a pioneer in digital transactions since its inception in 1998. With its innovative platform, PayPal facilitates online shopping, peer-to-peer transfers, and international transactions with ease and security. However, as the financial […]

February 15, 2024

With this in mind, it can be difficult to predict what kind of year BNPL is likely to have in 2024. To find out more, we reached out to some industry experts. BNPL trajectory ‘still points upward’ Barbara Vega, payments […]

February 14, 2024

Aligning with its strategy to extend its reach into new emerging markets, QuantumFy’s collaboration with the MENA Fintech Association is a step towards leveraging its expertise in the region. QuantumFy specialises in tailored banking, payment, and investment technology solutions. It […]

February 13, 2024

Tegula Trade Finance as a Service, powered by Finastra Trade Innovation and Corporate Channels, enables banks to integrate fintech applications that use the latest technologies such as artificial intelligence (AI), blockchain and automation tools. Trade Innovation is an end-to-end solution […]

February 9, 2024

However, it was pointed out to me that I took something for granted, and in hindsight, it was a great observation. In today’s world, where we are used to online shopping and mobile payments, many are not only carrying less […]

January 26, 2024

The partnership will see KIB implement the latest version of Azentio’s Islamic core banking platform iMAL, which the vendor says will enable the Erbil-headquartered bank to “launch new and innovative Sharia-compliant products at an accelerated pace” across finance, investments, deposits, […]

January 25, 2024

In 2023, it is estimated that the global mobile wallet market will be worth US$ 9.5 billion. It is anticipated that this market will be valued at US$ 11.9 billion by the end of 2024. The global mobile wallet market […]