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Category: Banking Tech


Banking Tech, Digital Lending and Credit

BNPL Impacting Credit Scores Would Result in Massive Uptake Reveals TransUnion

July 12, 2024

Via: The Fintech Times

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 […]


Banking Tech, Mobile Banking

Swiss National Bank considers expanding digital currency project

July 4, 2024

Via: ThePaypers

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 […]


Banking Tech, Mobile Banking

NBK launches the ‘WAMD’ Instant Payment service on its mobile banking app

July 2, 2024

Via: ThePaypers

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 […]


Banking Tech, LendTech

Fair4All Finance Urges Financial Services Sector to ‘Reshape Credit Market’ to Stop Illegal lending

May 24, 2024

Via: The Fintech Times

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 […]


Banking Tech, Mobile Banking

Mobile banking malware surged by 32% in 2023

May 13, 2024

Via: ThePaypers

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 […]


Banking Tech, LendTech

Yabx and PayCliq Accelerate Merchant Credit Capabilities in Nigeria

April 8, 2024

Via: The Fintech Times

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 […]


Banking Tech, Mobile Banking

Emporia State FCU adopts Bankjoy’s mobile banking app

March 25, 2024

Via: ThePaypers

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 […]


Banking Tech, LendTech

Viva Tackles ‘Critical’ Cashflow Issues for European Businesses With New Instant Credit Solution

March 6, 2024

Via: The Fintech Times

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 […]


Banking Tech, Mobile Banking

UAE start-up Dunes Financial acquires Be Mobile Africa’s tech assets

February 26, 2024

Via: FinTech Futures

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 […]


Banking Tech

Study Reveals Emoji Sentiments’ Impact on Crypto Markets

February 20, 2024

Via: Blockchain News

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 […]


Banking Tech, Mobile Banking

Why Paypal Might Be Considering Offline Payment Soon

February 15, 2024

Via: Fintech News

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 […]


Banking Tech, Digital Lending and Credit

‘Transformative’ or ‘Tough’: What Sort of Year Will BNPL Have in 2024?

February 15, 2024

Via: The Fintech Times

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 […]


Banking Tech, Mobile Banking

QuantumFy Brings Tailored Banking and Payments to MENA Through Expansion

February 14, 2024

Via: The Fintech Times

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 […]


Banking Tech, Mobile Banking

Finastra and Tesselate Partner to Help US Banks Automate Processes With Fintech Applications

February 13, 2024

Via: The Fintech Times

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 […]


Banking Tech, Mobile Banking

It’s time for core banking to get real

February 9, 2024

Via: FinTech Futures

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 […]


Banking Tech, Mobile Banking

Kurdistan International Islamic Bank taps Azentio for iMAL core banking platform

January 26, 2024

Via: FinTech Futures

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, […]


Banking Tech, Mobile Banking

Global Mobile Wallet market to reach a valuation of US$ 138.5 billion by 2034, expanding at a 27.8% CAGR

January 25, 2024

Via: Fintech News

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 […]


Banking Tech, Mobile Banking

PayTabs and Fintech Galaxy Target Payment Initiation Services in New Partnership

January 23, 2024

Via: The Fintech Times

This partnership combines PayTabs payment orchestration infrastructure with Fintech Galaxy and its open banking capabilities to deliver solutions for SME’s and enterprises. These include streamlined account verification, swift payouts, and pioneering point-of-sale lending. Teaming up with PayTabs, the primary focus […]


Banking Tech, LendTech

BNPL firm Billink fuels European expansion plans with $32m funding from Varengold Bank

January 23, 2024

Via: FinTech Futures

The Gouda-headquartered payments provider says it will apply the funding to further the uptake of its BNPL solution among web-based sellers in the Netherlands, Luxembourg and Belgium, as well as lay the groundwork for its eventual entry into the neighbouring […]


Banking Tech, Digital Lending and Credit

SME lender FundPark doubles credit facility with Goldman Sachs to $500m

January 23, 2024

Via: FinTech Futures

The expansion builds on an earlier $250 million ABS facility secured by the fintech in April 2022 through a deal that was led by Goldman Sachs as senior facility provider, and which also saw Integrated Alternative Credit Fund and Cypress […]