Articles with tag: banks

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KB Kookmin Bank, Hashed partner for Bitcoin custody services

11 Aug 2020 | Cryptocurrencies

South Korea-based KB Kookmin Bank (KB) has partnered with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer Bitcoin custody services.

KB Kookmin Bank, Hashed, Bitcoin, custody services, Cumberland Korea, South Korea, blockchain, venture fund, crypto exchange, Office of the Comptroller of the Currency, OCC, banks, US, digital assets

VibePay adds more UK banks to platform and launches business accounts

11 Aug 2020 | Payments General

Fintech VibePay has added more UK banks and payment providers to its platform, meanwhile it has launched a new business account function via its app, reports Verdict.

VibePay, UK, banks, business accounts, fintech, payments

OpenLegacy partners with Shimane Bank

11 Aug 2020 | Online & Mobile Banking

OpenLegacy has announced it will be supporting Shimane Bank to improve its digital platforms.

OpenLegacy, Shimane Bank, banks, digital, Japan, SBI Holdings, banking, Internet, mobile app

JCB, Agribank join forces to issue JCB Ultimate Credit and Debit Cards

11 Aug 2020 | Cards

Vietnam Bank for Agriculture and Rural Development (Agribank) and JCB International have announced the launch of Agribank JCB Ultimate Credit and Debit Cards.

JCB, Agribank, credit cards, debit cards, merchants, travel, banks

Agora launches white-label products for teens and SMBs

11 Aug 2020 | Online & Mobile Banking

US-based Agora Services has launched its white-label products designed to help banks reach small businesses and teens.

Agora, digital, banking, digital banking, SMBs, US, banks, technology, fintech, Agora Junior, cards

IFC and UBA to train Ugandan SMEs to face pandemic crisis

11 Aug 2020 | E-invoicing, SCF & E-procurement

IFC, a member of the World Bank Group, and the Uganda Bankers Association (UBA) has partnered to train financial institutions and SMEs regarding the COVID-19 crisis.

IFC, UBA, Uganda, financial, banks, SMEs, COVID-19, coronavirus, pandemic, World Bank Group, Uganda Bankers Association, UBA, partnership, digital

Japanese banks plan new settlement system for small payments

10 Aug 2020 | Payments General

A group of Japanese banks are set to initiate talks to develop a new settlement system to enable small payments, says Verdict.

Japan, settlement, small payments, digital payments, banks

Russia implements new crypto rules, as banks adapt to new exchanges

10 Aug 2020 | Cryptocurrencies

Russia has introduced new rules regarding the use of cryptocurrency its borders, coming into effect in January 2021. 

Russia, crypto rules, cryptocurrency, banks, exchanges, Bitcoin, Ether, Vladimir Putin, Kremplin, cryptocurrency law, digital currency, Russian Federation, crypto exchanges, Bitcoin mining, blockchain

Quantum Group acquires Tail

10 Aug 2020 | Online & Mobile Banking

UK-based fintech incubator Quantum Group has acquired Tail, a startup providing cashback solutions.

Quantum Group, UK, fintech, Tail, fintech, startup, cashback, Monzo, Starling, Volopa, cards, banks, mobile app, merchants, data, banking, onboarding, retailer

Rellevate launches its official platform

10 Aug 2020 | Online & Mobile Banking

Rellevate, a US-based fintech, has launched its platform, facilitating banking services through Sutton Bank.

Rellevate, digital, financial, US, fintech, banking, Sutton Bank, paychecks, Payroll, Visa Debit Card, Visa, debit cards, cards, electronic bill, payments, Bill Pay, banks, partnership, FDIC Insurance

Thought Machine joins the Banking Industry Architecture Network

10 Aug 2020 | Online & Mobile Banking

Thought Machine, a cloud native core banking technology company, has joined the Banking Industry Architecture Network (BIAN), a non-profit organisation that provides a common framework for banking.

Thought Machine, Banking Industry Architecture Network, BIAN, banking, network, cloud, technology, Vault, banks, Coreless Banking Initiative, Strategic Advisory Group, Infosys, Wells Fargo, PNC, Deloitte

Axis Bank partners with Innoviti

07 Aug 2020 | Payments General

India-based Axis Bank has partnered Innoviti to provide options of the bank’s debit cards through Innoviti POS terminals.

Axis Bank, banks, Innoviti, partnership, COVID-19, coronavirus, debit cards, cards, EMI, POS, India, credit, PIN, merchants, payments, billing

BankMobile merges with Megalith Financial Acquisition

07 Aug 2020 | Online & Mobile Banking

US-based BankMobile, a subsidiary of Customers Bank, and Megalith Financial Acquisition (MFAC) have entered into a definitive merger agreement.

BankMobile, technology, Customer Bank, banks, Megalith Financial Acquisition, digital banking, digital, banking, BM Technologies, US, MFAC, transaction, NYSE, loans, financial, Banking-as-a-Service, BaaS, BankMobile Disbursements, Google, White-Label, T-Monile, T-Mobile MONEY

United Overseas Bank launches its digital bank in Indonesia

07 Aug 2020 | Online & Mobile Banking

Singapore-based United Overseas Bank (UOB) has launched its digital bank TMRW in Indonesia.

UOB, digital bank, digital, bank, Indonesia, tech, Singapore, United Overseas Bank, TMRW, banking, AI, artificial intelligence, data, account opening, transactions, chatbot, TMRW Intelligence Assistant, TIA, QR, payments, merchants, banks, National Non-Cash Movement, Quick Response Code Indonesian Standard, QRIS

Major Canadian banks join up to protect open banking data

06 Aug 2020 | Payments General

Financial Data Exchange (FDX) Canada has been officially launched and comprises 31 organisations leading the Canadian financial services ecosystem, including the Big Five banks.

Banks, Open Banking, data, security, RBC, CIBC, National Bank, TD Bank Group, BMO, Desjardins, Tangerine Bank, Simplii Financial, Equitable Bank, Interac, standardisation

CIBC collaborates with Salesforce for its digital transformation

06 Aug 2020 | Online & Mobile Banking

Canadian Imperial Bank of Commerce (CIBC) has signed an agreement with global customer engagement company Salesforce to transform its banking experience for clients.

CIBC, Salesforce, digital, Canadian Imperial Bank of Commerce, banking, banks, CRM, customer relationship management, Salesforce Customer 360, Sales Cloud, Service Cloud, Einstein Analytics, data

Standard Chartered partners with Truera

06 Aug 2020 | Online & Mobile Banking

Standard Chartered has collaborated with US-based startup Truera, to use its model intelligence platform to identify and eliminate unjust biases in the decision-making process.

Standard Chartered, partnership, Truera, AI, artificial intelligence, US, startup, retail, digital, technology, data, machine learning, banks, software

Fintech Bnext raises USD 13 mln in funding round

06 Aug 2020 | Payments General

Spain-based Bnext, a provider of alternative banking services, has secured USD 13 million in a capital investment round led by its existing investors.

Spain, fintech, startup, Bnex, banking, DN Capital, Redalpine, Speedinvest, Founder Future, Enern, Digital Horizons, Kreos Capital, Cometa, Latin America, Electronic Money Issuer, Bank of Spain, banks, cards

Challenger bank Current launches points reward program for debit card users

06 Aug 2020 | Cards

US-based challenger bank Current has launched a program that will offer points-based rewards to its checking account customers. 

mobile bank, banks, Current, debit cards, cards, challenger bank, US, merchants

Libra may not deliver digital currency, but digital identity

06 Aug 2020 | Cryptocurrencies

‘In large parts of the world, Know-Your-Customer (KYC) could be replaced by Known- by-Zuck (KYZ) to the benefit of society as a whole’ The Digital Currency Revolution’ by David Birch

David Birch, Libra, CBDC, central banks, Facebook, Know-Your-Customer, identity, digital identity, identity verification, digital currency, synthetic hegemonic currency, digital wallets, Novi, Consult Hyperion