Category: Banks
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 […]
Customer Service ‘Still King’ as 40% of UK Consumers Stay With Bank Despite Switching Incentives
Financial incentives related to switching banking providers have been well-publicised across the UK. However, new research suggests that for many UK consumers, a positive customer experience ranks as a higher priority, leaving […]
Unlimit Receives Licence by Bank of Tanzania, Marking Third African Country It Has Expanded Into
The Bank of Tanzania (BOT) has approved Unlimit, the global fintech company, with a licence allowing the firm to act as an authorised payment service provider in Tanzania. The approval of Unlimit […]
Fingerprints Launches Biometric Card Payments in Turkey, in Partnership With Thales and Garanti BBVA
Fingerprint Cards AB, a Sweden-based biometrics firm, is rolling out the first biometric payment card in Turkey, in partnership with digital security company Thales. Beyond speed, security and convenience the Fingerprints biometric […]
Cisco Expands BBVA Partnership to Streamline the Bank’s IT Operations and Accelerate Transformation
Cisco has expanded its strategic partnership and signed a Whole Portfolio Agreement (WPA) with BBVA, the global financial services group, providing BBVA with faster access to Cisco’s comprehensive software and Customer Experience […]
Rwandan Financial Inclusivity Bolstered by I&M Bank (Rwanda) Plc & Network International Partnership
Many firms in developing regions are looking towards technology as a way of advancing their financial marketplaces. For example, in Rwanda, I&M Bank (Rwanda) Plc., the oldest bank in Rwanda and licensed […]
In Profile: Rajat Dayal, CEO of Yabx
The need for financial services in underbanked communities is paramount, especially in developing markets. One firm looking to democratise access to finance in said communities is Yabx. Yabx is an AI-based banking […]
Allica Bank Backs Campaign Combatting SME Savings ‘Scandal’ Leaving Small Businesses ‘Shortchanged’
Allica Bank, which offers full-service banking for SMEs with between five and 250 employees, is backing a new campaign looking to shake up the SME business savings market, which is leaving small […]
There’s No Excuse for Lazy Customer Due Diligence Anymore, Says Trapets
Compliance remains one of the biggest challenges in the financial industry for firms of all sizes across the globe. With rules and regulations constantly changing, many banks and other financial institutions are […]
Colombia president suspends ceasefire with armed rebel group following attack on indigenous community – JURIST
Colombian President Gustavo Petro announced Sunday that his government suspended the ceasefire with the EMC group of rebels in the departments of Nariño, Cauca and Valle del Cauca. The announcement comes a […]
Bitget Wallet Launches BWB Token With Total Supply of 1 Billion
In late 2023, Bitget Exchange acquired BitKeep, the Web3 wallet, and transformed it into Bitget Wallet. Over half a year later, Bitget Wallet has launched its official ecosystem token, BWB. The Bitget […]
Latvia security service initiates criminal proceedings against European lawmaker over suspected collusion with Russian intelligence services – JURIST
Latvia’s State Security Service (VDD) was reported on Saturday to have initiated criminal proceedings against Tatjana Ždanoka, a European Parliament lawmaker (MEP) and Latvian citizen, on suspicion of cooperating with Russian intelligence […]
Hong Kong court upholds real-name registration requirement for SIM cards users – JURIST
The Hong Kong Court of First Instance dismissed an application for judicial review on Friday to challenge the real-name registration regime for SIM card users. The court held that the regime is […]
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