Category: Banking Tech

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 […]

September 28, 2023

Visa has partnered with UK-based retail banking company Lloyds Bank to launch a new virtual card solution for businesses of all sizes. As of the announcement, Visa Commercial Pay is available for Lloyds Bank customers, aiming to address businesses’ payments […]

September 20, 2023

Having already seen significant growth in the region, PayU GPO predicts further growth across LatAm – and suggests its e-commerce market could grow by 25 per cent in volume across the likes of Argentina, Brazil, Chile, Colombia, Mexico, and Peru […]

September 8, 2023

In its recent Big Ask survey, “a good job” was the top future priority among 69% of nine to 17 year olds. 37% of this age group said that not getting a good job was a worry, with girls and […]

September 8, 2023

Essentially, its goal is to make you a healthier person. Following the programme should have many benefits ranging from, but not limited to, better sleep, better cognitive awareness, better health and increased energy. It starts by measuring your blood glucose […]

August 30, 2023

According to Bloomberg citing undisclosed sources, the US private equity company Apollo Global Management, investment firm Sixth Street and the AI fintech Pagaya Technologies are all actively engaged in the bidding process. Bloomberg says Apollo has formed a bidding group […]

August 29, 2023

The spokesperson adds that this timeline provides cardholders with a “wind-down period” to convert holdings in their Binance wallets, and that there is “no impact” on any other crypto programme. Binance’s customer support team wrote on X last week: “The […]

August 22, 2023

The BNPL feature adds another way Koverly is helping businesses pay each other. This is in addition to reduced foreign exchange rates (up to 50 per cent less) and no wire transfer fees (enabling firms to save up to $40 […]