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Tag: Banking Tech


Banking Tech, LendTech

Aave temporarily freezes lending markets to fend off further attacks

November 28, 2022

Via: Cointelegraph

The lending markets were frozen right after its governance members passed a vote that aims to temporarily freeze assets considered to be volatile and have low liquidity. The assets included in the list are Yearn Finance (YFI), Curve Finance (CRV), […]


Mobile payments, Paytech

NETS launches prepaid card

November 22, 2022

Via: ThePaypers

Singapore-based payment services group Network for Electronic Transfers (NETS) has launched the NETS Prepaid Card, a ‘smart’ stored-value card for retail and transit. When purchasing the NETS Prepaid Card, no minimum age, income requirement, annual subscription fees, or credit checks […]


Blockchain, Crypto

Quant, UST to accelerate institutional digital assets adoption

November 22, 2022

Via: ThePaypers

Blockchain for finance pioneer Quant has partnered with digital transformation solutions company UST to provide technical integration and tokenisation services to central and commercial banks and capital markets participants. The partnership will release services which will reportedly help financial institutions […]


Blockchain, Crypto

US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry

November 22, 2022

Via: Bitcoin.com

Three U.S. senators sent a letter to Fidelity Investments CEO Abigail Johnson Monday regarding the financial services firm’s bitcoin offerings in 401(k) retirement plans. The letter was signed by senators Elizabeth Warren (D-MA), Richard J. Durbin (D-IL), and Tina Smith […]


Banking Tech, PayTech

Ireland is emerging as a global hub for payments

November 15, 2022

Via: FinTech Futures

With banks subject to higher regulatory requirements, fintech and payments companies are at the forefront of technological innovation in financial services. As such, the fintech and payments sector has grown at an unprecedented rate and spawned companies in verticals of […]


Blockchain, Crypto

FTX collapse could mean ‘cascade’ of failures in crypto sector

November 14, 2022

Via: Fintech News

FTX, once the third largest crypto exchange by trading volume, collapsed over the past week as its native token, FTT, lost over 80 percent of its value. The firm has now filed for Chapter 11 bankruptcy protection, and its collapse […]


Mobile payments, Paytech

Checkout.com lands major paytech deal with Sainsbury’s

November 14, 2022

Via: FinTech Futures

The paytech says the first stage of its “long-term innovation partnership” is the roll-out of new till-free technology. It explains: “The new Checkout.com-enabled SmartShop functionality will allow customers to pay for their shopping without having to visit a till. Instead, […]


Invest tech, Markets

Digital Dollar: All There is to Know With Industry Views From Anchorage Digital, Verto, and More

November 14, 2022

Via: The Fintech Times

Aarti Dhapte is a senior analyst at the analysis company Market Research Future. She explained the challenges to overcome to make success of the digital dollar. She said: “There may be drawbacks to a CBDC, notwithstanding the possibility that it […]


Invest tech, RegTech

New York Fed collaborates with Singapore MAS to explore CBDCs

November 11, 2022

Via: Cointelegraph

The New York Innovation Center (NYIC) of the Federal Reserve Bank of New York and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test the wCBDCs […]


Paytech, Wholesale

Vietnam’s Sacombank taps Temenos for digital banking platform

November 10, 2022

Via: FinTech Futures

Sacombank is one of Vietnam’s largest banks, with more than 15 million retail and business banking customers. The adoption of Temenos Infinity will allow it to deliver a unified and enhanced omnichannel experience for these increasingly digitally savvy customers. Sacombank […]


Banking Tech, LendTech

ANEXT Bank announces embedded financing programme

November 3, 2022

Via: ThePaypers

Singapore-based digital wholesale bank ANEXT Bank has unveiled its initiative to drive further industry collaboration to enable inclusive financing for SMEs. The initiative aims to improve and scale embedded finance for SMEs, making it easier for businesses to access financing, […]


Banking Tech, Mobile Banking

UnionDigital Bank taps Thought Machine and Callsign to power its mobile app

November 2, 2022

Via: FinTech Futures

The UnionDigital Bank app, which is now live for a limited set of customers, is a subsidiary of the Union Bank of the Philippines, which is looking to expand the range of digital banking services available to Filipinos. It is […]


Invest tech, Trading

Mastercard to deliver crypto trading abilities to banks

October 18, 2022

Via: ThePaypers

Mastercard has introduced Crypto Source, a new programme to enable financial institutions to bring crypto trading capabilities and services to customers. In partnership with regulated and licensed crypto custody providers, Mastercard’s financial institution partners will gain access to a comprehensive […]


Banking Tech, Digital Lending and Credit

US-based card start-up Mercantile launches with $22m in hand

October 14, 2022

Via: FinTech Futures

The capital raised includes a $15 million Series A led by Index Ventures, with participation from seed investors First Round Capital, General Catalyst, SV Angel, Operator Partners, Box Group, among others. With the fresh funding, Mercantile plans to further its […]


Paytech, Retail

SurePay selected by Railsr as confirmation of payee vendor

October 11, 2022

Via: FinTech Futures

Embedded finance solutions provider Railsr has selected SurePay as its UK Faster Payments (UKFP) confirmation of payee (CoP) vendor. The authorised push payment (APP) fraud is sharply on the rise in the UK, according to UK Finance – from £420.7 […]


Paytech, Wholesale

Police Bank Australia taps Temenos for core banking upgrade

October 6, 2022

Via: FinTech Futures

Temenos says its cloud-native core processing engine will allow the bank to roll out new digital services at speed as it embarks on a multi-year digital transformation drive. Craig Bennett, managing director of Asia Pacific at Temenos, says its technology […]


Banking Tech, Mobile Banking

Jiko wants to help companies park their cash in T-Bills as everyone yield hunts

October 6, 2022

Via: TechCrunch

Jiko started its life as a mobile bank for consumers. But over time, the fintech startup has evolved its model – mostly fueled by demand – and is now making a push into corporate money storage. In 2020, Jiko made […]


Banking Tech, PayTech

The Payments Innovation Jury: “Payment Innovation: myths and realities”

October 4, 2022

Via: Fintech News

The Payments Innovation Jury today releases its 2022 global report titled: “Payment Innovation: Myths and Realities”, which reveals some surprising insights from senior decision makers across the industry. The 2022 report explores several key areas where payment innovation is currently […]


Banking Tech, LendTech

SME financing platform Rapid Finance acquires lendtech firm Thrive

October 4, 2022

Via: FinTech Futures

Designed for banks, non-bank lenders and credit unions, Thrive’s end-to-end digital lending tech boosts operational efficiencies in the origination and underwriting processes for both SMEs and consumers. The acquisition of the platform by Rapid Finance “represents a significant addition” to […]


Banking Tech, PayTech

Real-Time Payment Markets to Watch For 2022

October 3, 2022

Via: The Fintech Times

Indonesia is due to launch the BI-Fast real-time payments scheme in 2022, as part of the government’s Indonesia Payment System Blueprint 2025 vision to improve digital payments availability and adoption. It is a late entrant to real-time payments in the […]