In a significant move to bolster its e-commerce acquiring services, Mutual Trust Bank (MTB) in Bangladesh has transitioned to a new payment gateway provided by UK-based Compass Plus Technologies. The transformation, completed in just six months with the assistance of Dhaka-based ITC Consultants,
The Global Open Banking market is on the brink of a substantial expansion, with projections indicating a rise from USD 35.4 billion in 2024 to a significantly higher value by 2032. This growth is driven by the secure sharing of financial data through APIs (Application Programming Interfaces), which
The landscape of business banking in the UK is undergoing a significant transformation, with mobile banking rapidly becoming the preferred channel for small and medium-sized enterprises (SMEs). As the backbone of the British economy, SMEs account for 60% of employment and half of all turnover in
In an unprecedented move to combat the ever-increasing threat of fraud and scam activities in Australia, the nation's major financial institutions have joined forces to launch the 'BioCatch Trust Australia' network, an innovative interbank intelligence-sharing system. This
In an impressive demonstration of agility and innovation, SEB Embedded successfully leveraged Thought Machine's cloud-native core banking platform, Vault Core, to launch the Hemköp Matkonto service in less than ten months. This rapid development is particularly noteworthy given the
In a groundbreaking development aimed at streamlining payment processes and enhancing fraud controls, Payfinia, Inc. has announced the launch of a new Credit Union Service Organization (CUSO) in collaboration with Star One Credit Union. This initiative is centered around the newly developed Instant
