Articles with tag like: banks

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UBS fined with USD 1.5 mln for compliance breaches by Hong Kong regulator

News | Digital Identity, Security & Online Fraud | 04 Aug 2021

Swiss bank UBS has been fined USD 1.5 million by Hong Kong’s securities regulator for failing to disclose its holdings in some companies covered in its research reports, the watchdog said.

banks, compliance, transaction monitoring

13 Canadian FIs support Interac to introduce instant digital payments for businesses

News | Online Payments | 04 Aug 2021

Interac, with the support of 13 Canadian financial institutions, has launched Interac e-Transfer for Business, a solution that builds on the widespread adoption of the Interac e-Transfer service.

B2B payments, real-time payments, banks, financial institutions, bank account

EedenBull integrates Mastercard Track for B2B payments

News | Payments General | 04 Aug 2021

B2B commercial payments fintech EedenBull has announced participation in Mastercard Track Business Payment Service to improve its Commercial Payments as-a-service (CPaaS) solution.

partnership, Mastercard, B2B payments, banks

Mercury raises USD 120 mln in Series B funding round

News | Online & Mobile Banking | 03 Aug 2021

Mercury, a startup which offers banking services for startups, has raised USD 120 million during its Series B funding round, and is now valued at USD 1.62 billion.

neobanks, banks, funding

Broadridge Financial Solutions acquires Alpha Omega

News | Payments General | 03 Aug 2021

Broadridge Financial Solutions, a financial technology company, has acquired Alpha Omega, a FIX-based post-trade solutions provider for the investment management industry.

acquisition, wealth management, banks, trade finance

Central Bank of Iran increases the credit card limit

News | Payments General | 03 Aug 2021

The Central Bank of Iran (CBI) has increased the credit card limit by four times allowing banks to offer up to USD 8,000 in credit.

banks, credit card, central bank, regulation

Itau rolls out Open Banking function in ion app

News | Online & Mobile Banking | 02 Aug 2021

The ion investment application, from Itau bank, has received a new update, the ‘Investment Aggregator’ function, according to

Open Banking, banks, data sharing

Kuda raises USD 55 mln in funding

News | Online & Mobile Banking | 02 Aug 2021

Kuda Bank has closed, via its London entity, a Series B of USD 55 million — money that it plans to use to double down on new services for Nigeria, but to prepare its launch into more countries on the continent.

challenger bank, banks, funding, digital banking

EBA's 2021 EU-wide stress level shows that banks continue building their capital base

News | Payments General | 02 Aug 2021

The European Banking Authority (EBA) has published the results of its 2021 EU-wide stress test, which involved 50 banks from 15 EU and EEA countries, covering 70% of the EU banking sector assets.

EBA, banks, COVID-19

AfDB launches Transaction Guarantee for trade transactions in Africa

News | E-invoicing, SCF & E-procurement | 02 Aug 2021

The African Development Bank, through its Financial Sector Development's Trade Finance operations, has launched a Transaction Guarantee instrument, according to Devdiscourse.

trade finance, banks, SMEs

Central Bank of Nigeria directs banks to open USD teller points

News | Online & Mobile Banking | 30 Jul 2021

The Central Bank of Nigeria (CBN) has directed banks to open teller points for USD sales.

central bank, regulation, banks

Tesco Bank to close its current accounts

News | Payments General | 30 Jul 2021

Tesco Bank has said it will close all its current accounts because most customers are no longer using them, according to BBC.

banks, bank account

Lloyds acquires Embark Group

News | Online & Mobile Banking | 29 Jul 2021

UK-based Lloyds has announced that it intends to acquire the Embark Group (Embark), a fast-growing investment and retirement platform business.

acquisition, wealth management, banks, financial services

Silkbank goes live with Temenos Infinity

News | Online & Mobile Banking | 29 Jul 2021

Pakistan-based Silkbank has selected Temenos Infinity to reimagine digital banking for its retail and business customers.

banks, Temenos, digital banking, partnership, digital onboarding

Ireland secures agreement to draft Central Bank (Individual Accountability Framework) Bill

News | Online & Mobile Banking | 28 Jul 2021

Ireland’s Minister for Finance has received agreement from his Cabinet colleagues to approve the drafting of the Central Bank (Individual Accountability Framework) Bill.

central bank, banks, regulation, fraud prevention

Financial institutions to accelerate spending in regtech, ClauseMatch survey shows

News | Digital Identity, Security & Online Fraud | 28 Jul 2021

During the pandemic, financial institutions have been accelerating spending on regulatory technology, a survey of almost 40 organisations conducted by ClauseMatch has found.

survey, KYC, regtech, banks, fintech

MsgGillardon merges with BSM

News | Payments General | 27 Jul 2021

Germany-based financial services software and consulting company msgGillardon has announced merging with BSM to form msg GillardonBSM.

merger, financial services, banks, risk management, mobile banking

Cryptomathic and UTIMACO unveil eIDAS compliant remote e-signature solution

News | E-invoicing, SCF & E-procurement | 27 Jul 2021

Cryptomathic and UTIMACO, a provider of IT security solutions, have unveiled a joint Qualified Electronic Signature (QES) solution with a security model.

partnership, EIDAS, banks, e-invoicing

Gregfins taps Salt Edge's Open Banking technology

News | Online & Mobile Banking | 27 Jul 2021

Gregfins, a UK-based PFM app, has teamed up with Salt Edge to help its end-customers to connect and access all bank accounts in one app.

partnership, Open Banking, data, banks, PSD2

JP Morgan offers retail crypto funds

News | Cryptocurrencies | 27 Jul 2021

JP Morgan has announced it will offer crypto funds to retail customers beyond the very wealthy. 

JP Morgan, banks, cryptocurrency, retail