Articles with tag like: banks

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Rimuut, Nium to enable international payment services for businesses and freelancers

News | Online Payments | 12 May 2021

Rimuut, a global invoicing and payments platform, has tapped into Nium’s, a financial services platform, payout network and cross-border collection service to support businesses and freelancers.

partnership, Nium, cross-border payments, gig economy, banks, payment processing

South African banks to charge more for instant payments

News | Payments General | 11 May 2021

South African banks have little choice but to charge extra for processing immediate electronic payments between clients of different banks, according to Business Insider.

real-time payments, banks, payments infrastructure, instant payments, money transfer

Kazakhstan to launch a CBDC pilot with private financial companies

News | Cryptocurrencies | 11 May 2021

The National Bank of Kazakhstan has announced plans to pilot its prototype of a digital tenge within the private companies of the financial industry in the first stage.

CBDC, digital currency, central bank, payment processing, banks

Banking Circle joins the P27 Nordic payment initiative

News | Payments General | 11 May 2021

Global financial infrastructure provider Banking Circle has joined the P27 Nordic payment initiative, taking a lead role in creating bulk-clearing for the Danish Krone.

Banking Circle, banks, cross-border payments, real-time payments

UBS to consider offering cryptocurrency exposure to wealthy clients

News | Cryptocurrencies | 11 May 2021

UBS, a large Switzerland-based bank, has become the latest bank to explore offering its wealthy clients access to cryptocurrency, according to a report from BNN Bloomberg citing unnamed sources.

digital assets, cryptocurrency, trading platform, crypto asset, banks

Treasury to sell GBP 1.1 bln in NatWest shares

News | Payments General | 11 May 2021

The UK government has launched the sale of a GBP 1.1 billion stake in NatWest to cut the British taxpayer’s holding in the bank.

banks, central bank, COVID-19, treasury

1MDB sues Deutsche Bank, JP Morgan, and Coutts

News | Payments General | 11 May 2021

Malaysia-based now-defunct 1MDB state fund has sued subsidiaries of Deutsche Bank, JP Morgan, and Coutts to recover billions in alleged losses from a corruption scandal at the fund.

Deutsche Bank, JP Morgan, banks, financial institutions

Neobank Fair to launch in the US

News | Online & Mobile Banking | 11 May 2021

Fair, a multilingual digital bank and financial services platform, has announced it is launching to the public after raising USD 20 million in 40 days earlier in 2021.

digital banking, banks, financial services, product launch, online banking, debit card, partnership

Jack Henry and Akoya to offer customers API-based access to their financial data

News | Online & Mobile Banking | 11 May 2021

Jack Henry has joined the Akoya Data Access Network, enabling more than 400 banks and credit unions to connect with fintechs and data aggregators through the API-based network.

Jack Henry, financial institutions, API, data, banks, fintech, partnership

Vista Bank selects Radar Payments to drive its payment processing activities in West Africa

News | Online Payments | 10 May 2021

Vista Bank Group (Vista) has selected Radar Payments to drive its global payment processing activities in West Africa.

Vista Bank, Radar Payments, banks, retail, mobile banking, e-wallet

Tokenised blockchain banking solution provider Adhara gets USD 7.5 mln

News | Cryptocurrencies | 10 May 2021

Adhara has raised a USD 7.5 million Series A round led by Germany’s Yabeo and the UK’s Force Over Mass Capital (FOM).

blockchain, funding, tokenization, CBDC, banks, settlement

US Justice Department is probing fintechs over PPP loan calculations: Reuters

News | Payments General | 10 May 2021

The US Department of Justice has been investigating whether financial technology companies may have erred while distributing billions of dollars in pandemic aid to struggling SMEs.

fintech, SMEs, SME lending, COVID-19, lending, banks

Federal Bank partners with Mashreq Bank to offer money transfers form UAE to India

News | Online Payments | 10 May 2021

Federal Bank has partnered with Mashreq Bank, a UAE-based financial institution, to facilitate money transfers from the UAE to India.

banks, financial institutions, mobile banking, online banking, cross-border payments, digital payments

Citi considers launching into crypto world after a surge in client interest

News | Cryptocurrencies | 10 May 2021

Citigroup, a currency trading bank, has announced it is considering taking its first steps into cryptocurrency markets after a surge in interest from clients.

Citi, product launch, cryptocurrency, banks, Bitcoin

11Onze launches its private social network

News | Online & Mobile Banking | 10 May 2021

Neobank 11Onze has launched its private social network (PSN) encouraging customers to register, connect, and engage on the social platform – a private social network about money. 

fintech, banks, product launch, Facebook, digital banking

Frictionless cross-border payments – no longer a pipe dream

Voice of the Industry | Payments General | 10 May 2021

Most banks still see cross-border payments as a core solution. But how can they compete with more agile FinTechs? Banking Circle’s Anders la Cour examines the challenges and possible solutions. 

Banking Circle, cross-border payments, fintech, banks

Central Bank of the UAE works with SWIFT to improve cross-border payments

News | Online Payments | 07 May 2021

The Central Bank of the UAE (CBUAE) has been working with SWIFT on an initiative to improve the speed and transparency of cross-border payments.

SWIFT, cross-border payments, banks

Remitly hires banks preparing for initial IPO

News | Payments General | 07 May 2021

Remitly has hired investment banks to prepare for an initial public offering (IPO) in New York in 2021, being said it could value the company at around USD 5 billion.

remittance, IPO, banks, JP Morgan, Barclays, Amazon

Athena Home Loans receives AUD 2 bln in funding

News | Payments General | 07 May 2021

Australia-based Athena Home Loans has inked a funding deal worth AUD 2 billion with global alternative investment group Cerberus and its non-bank lender subsidiary Bluestone.

funding, fintech, banks

Jack Henry strengthens its Loan Marketplace with new tools

News | Online & Mobile Banking | 07 May 2021

Jack Henry has announced acquiring a suite of tools and analytics from Stackfolio to strengthen its Loan Marketplace.

Jack Henry, partnership, product upgrade, banks