Articles with tag: commercial bank

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Commercial Bank of Kuwait, Thales team up to boost mobile payments

21 Sep 2020 | Mobile Payments

French-based payment gateway Thales has announced it is supplying Commercial Bank of Kuwait with its Gemalto Trusted Services Hub (GTH).

Commercial Bank of Kuwait, Thales, Gemalto Trusted Services Hub, tokenization, android smartphone, payment card, mobile payments, fraud protection, wearables, encrypted token

Pakistan rolls out online banking for expats

18 Sep 2020 | Online & Mobile Banking

The Pakistan Government has introduced the Roshan Digital Account, an online banking initiative for expatriates. 

Pakistan, Roshan Digital Account, online banking, initiative, expatriates, expats, fund transfers, bill payments, investment, central bank, State Bank of Pakistan, SBP, commercial banks, digital account, online account, bank branch

Mastercard initiates Central Bank Digital Currencies (CBDCs) testing platform

10 Sep 2020 | Cryptocurrencies

Mastercard has launched a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) use cases.

CBDC, digital currency, Mastercard, payments, central banks, commercial banks, technology providers, payments processors, testing platform

Fed joins MIT's digital currency initiative to explore Central Bank Digital Currency

04 Sep 2020 | Cryptocurrencies

The Federal Reserve Bank (FRB) has taken CBDCs seriously and has been engaged in efforts to research a path toward implementation.

distributed ledger, CBDC, FED, MIT Digital Currency Initiative, digital currency, US, central banks, commercial banks

eCurrency brings CBDC benefits to all in ecosystem utilising digital secure currency technology

04 Sep 2020 | Payments General

‘Choices around the technology used for CBDC are important as they would have a significant impact on the extent to which CBDC meets our overall objectives’, The Bank of England

Central Bank Digital Currency, Lars Arvidsson, eCurrency, Bank of England, DLT, digital wallets, central banks, commercial banks, Digital Secure Currency, payment cards, mobile money wallets

Commercial Bank of Kuwait gets mobile payments moving with Thales

03 Sep 2020 | Mobile Payments

France-based multinational company Thales has announced it is supplying Commercial Bank of Kuwait (CBK) with its Gemalto Trusted Services Hub (TSH).

Commercial Bank of Kuweit, Thales, financial services, mobile payments, contactless payments, Kuwait, MENA, Middle East

Major Chinese cities announce testing of Central Bank Digital Currency

21 Aug 2020 | Cryptocurrencies

Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.

Central Bank Digital Currency, CBDC, China, digital yuan, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, digital wallet app, accounts, money, payments, money transfer

China-based Ant Group to launch consumer finance company

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

Ant Group, Alibaba’s fintech arm and mobile payments company, has planned to set up a consumer finance firm in the southwestern city of Chongqing, according to Reuters.

China, Ant Group, consumer finance, fintech, mobile payments, tech, Tencent, Bytedance, financial services, ecommerce, Alibaba Group Holding, financial licenses, payments, online banking, insurance, micro lending, Nanyang Commercial Bank, China TransInfo Technology, Contemporary Amperex Technology

Mastercard leads the payments industry forward to a more sustainable future

22 Jul 2020 | Cards

Mastercard has worked with global industry players to develop a sustainable card programme for all card issuers globally.  

Mastercard, sustainable card programme, card issuers, Crédit Agricole, Mauritius Commercial Bank, Santander, Doconomy, RE100, SBTi, SMEs

TSB, ApTap roll out bill management pilot

10 Jul 2020 | E-invoicing, SCF & E-procurement

ApTap has launched a pilot with TSB for its bill management service as the bank looks to provide more solutions for customers to help them manage their money.

TSB, ApTap, bill management, bank, UK, United Kingdom, fintech, fintech accelerator program, TSB Labs, proof of concept, bills, subscription, banking, retail bank, commercial bank, Banco Sabadell

Transfast, Habib Bank partner for remittances in Pakistan

30 Jun 2020 | Payments General

US-based cross-border payments company Transfast has teamed up with Pakistan-based Habib Bank to allow people to transfer money to Pakistan.

Transfast, Habib Bank, remittances, Pakistan, US, cross-border payments, State Bank of Pakistan, commercial bank, money transfer, expatriates

Commercial Bank Dubai teams up with Thunes

26 Jun 2020 | Payments General

Commercial Bank of Dubai (CBD) has partnered Thunes, a cross-border payment provider, to facilitate transaction flows between the UAE and the rest of the world.

Commercial Bank, Dubai, Thunes, partnership, remittances, cross-border, payments, transactions, UAE, India, Philippines, Pakistan, Bangladesh, banks, mobile wallet, CBD, CBF Mobile App, online banking, banking

SYNQA secures USD 80 mln in Series C

23 Jun 2020 | Cryptocurrencies

Thailand-based SYNQA, the parent company of OMG Network, has raised USD 80 million in a Series C funding round led by Siam Commercial Bank.

OMG Network, SYNQA, Thailand, Siam Commercial Bank, Japan, Toyota Financial Services, Sumitomo Mitsui Banking, SMBC Venture Capital, Aioi Nissay Dowa Insurance

Pagaya wealthtech secures USD 102 mln investment

22 Jun 2020 | Payments General

US-based wealthtech Pagaya has secured USD 102 million of Series D funding to develop its technology.

Pagaya, funding, US, AI, asset management, institutional investment, real estate, asset classes, fixed-income, auto loans, assets, mortgage, corporate credit, Aflac Global Ventures, Poalim Capital Markets, Viola, Oak HC/FT, Harvey Golub, Clal Insurance Ltd, GF Investments, Siam Commercial Bank

i2c announces expansion across America

18 Jun 2020 | Payments General

i2c has revealed an expansion of its business in both North and South America as demand continued to accelerate for its innovative solutions. 

i2c, expansion, America, digital payments, Open Banking, fintechs, commercial banks, credit cards, debit cards

Central Bank Kenya to acquire Imperial Bank

27 May 2020 | E-invoicing, SCF & E-procurement

Central Bank Kenya (CBK) has decided to acquire Imperial Bank, which is now under receivership.

KCB, Kenya, Imperial Bank, Central Bank of Kenya, commercial bank, banks, banking, Kenya Deposit Insurance Corporation, KDIC, The National Treasury and Planning

Rakuten teams up with IBF Financial to establish a joint venture in Taiwan

21 May 2020 | Online & Mobile Banking

Japan-based ecommerce company Rakuten, together with IBF Financial have set up a joint venture in Taiwan.

Rakuten, IBF Financial, banking, Taiwan, Japan, ecommerce, Rakuten International Commercial Bank, RICB, Taipei, electronic banking, Rakuten Card, online banking

ICBC to provide banking services in New Zealand

19 May 2020 | E-invoicing, SCF & E-procurement

The Industrial and Commercial Bank of China Limited (ICBC) has registered to provide banking services in New Zealand.

Industrial and Commercial Bank of China, ICBC, New Zealand, banks, banking, Reserve Bank

Modulr secures GDP 18.9 mln for alternative payments solution

13 May 2020 | Payments General

Modulr, a UK-based fintech, has secured GDP 18.9 million in funding to develop ‘Payments as a Service’ as an alternative to commercial and wholesale transaction banking.

Modulr, payments as a service, transaction banking, commercial banking, Highland Europe, Frog Capital, payments platform, Capability and Innovation Fund, Faster Payments, Bacs, bank payments schemes, fintech, Visa, alternative banking, lending, Revolut, Sage, Liberis, Salary Finance, Iwoca

SFC fines Mega International Commercial Bank with almost EUR 850.000

11 May 2020 | Payments General

The Securities and Futures Commission (SFC) has announced that it has reprimanded and fined China-based Mega International Commercial Bank (MICBC).

SFC, Mega International Commercial Bank, MICBC, Hong Kong Monetary Authority, HKMA, CISs, banks, China