Category: Banks
Digital Banks Continue to Capture Users, As Android Banking App Downloads Increase by 13% in 2023
While digital banks continue to sit at the forefront of innovation and agility in the banking world, traditional banks continue to dominate regarding the number of customers they serve. However, a shift […]
In Conversation at Pay360: Watch Lloyds Bank and CoBa Technology Discuss New Partnership
At this year’s PAY360 conference held at London’s Excel – one of the largest payment events of the year in the UK – more than 5,000 payment and finance professionals from around […]
Afreximbank Joins Forces With Sterling Bank to Launch Supply Chain Finance Product in Nigeria
African Export-Import Bank (Afreximbank) has partnered with Nigeria-based financial institution Sterling Bank to launch its supply chain finance product ‘Payables Finance’ across Nigeria. Under this arrangement, Afreximbank will provide financing to corporates […]
Could Visa and Mastercard Credit Card Settlement Cause Issues for Issuing Banks and Consumers?
Earlier this week, payment giants Visa and Mastercard agreed to lower fees charged to merchants for credit card transactions in the US, following a lawsuit spanning almost two decades. In a move […]
Preventing Future Fraudsters After Five Convicted for £500,000 Shell Company Money Laundering
Five people, including convicted fraudster Neale Rothera, were sentenced for their involvement in a fraud and money laundering scheme which cost banks over £500,000 earlier this week. But with the money unrecoverable, […]
Over 2,000 Copycat Banking Sites Reported in 2023; Which? Urges Government to Act
Consumer champion Which? is calling for new laws to force domain registrars to do more to prevent scam banking ‘copycat’ websites appearing in the first place; after it revealed that over 2,000 of […]
BKN301 Launches BaaS Orchestrator to Enable Fintechs and Banks to Extend Services
BKN301 Group, the digital payments and banking-as-a-service (BaaS) provider in the MENA region, has launched its new BaaS Orchestrator solution, aiming to empower fintechs and banks of all sizes, helping them incorporate […]
China UnionPay Launches Project Excellence in Line with PBOC Payment’s Market Roadmap
Payment preferences in China are evolving. However, some hurdles remain in payment services’ infrastructure which is stopping the payments market from achieving its full potential in the region. Providing a solution to […]
Crack Down on Fraud or Delaying Consumer Transactions? Industry Response to Anti-Fraud Legislation
The UK Government has published a draft legislation to extend payment service providers’ (PSPs) time to analyse potential fraudulent transactions, by 72 hours on top of the current business day they already […]
Griffin Raises £19Million, Secures UK Bank Licence and Prepares to Launch Fully Operational Bank
In a move that enables it to launch as a fully operational bank, Griffin, the full-stack banking-as-a-service (BaaS) platform, has received approval from the Prudential Regulation Authority (PRA) and Financial Conduct Authority […]
Germany expert commission releases report recommending legalization of early-stage abortion and amended laws for later-term pregnancies – JURIST
The Commission on Reproductive Self-Determination and Reproductive Medicine in Germany on Monday submitted a final report recommending the legalization of abortion within the first 12 weeks of pregnancy in the country.The German […]
Australia judge rules in defamation trial that former government adviser raped a colleague in parliament – JURIST
Australia Federal Court Justice Michael Lee found that former government adviser Bruce Lehrmann raped a colleague in a Parliament House office on Monday. The judge dismissed a defamation lawsuit Lehrmann brought against […]
Poland classifies attack on humanitarian aid workers as murder, demands Israeli cooperation in investigation – JURIST
The Polish government on Friday labeled the death of Polish aid worker Damian Soból as murder, following the deaths of seven humanitarian aid workers from the World Central Kitchen (WCK) serving in […]
Amnesty International urges immediate investigation into war crimes in Merawi, Ethiopia – JURIST
Amnesty International asserted Friday that African and global human rights bodies must urgently investigate alleged war crimes committed by the Ethiopian National Defense Forces (ENDF) in the town of Merawi, Amhara region, […]
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