Articles with tag: development

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Central Bank of Kenya releases plan to implement Open Banking

News | Online & Mobile Banking | 13 Jan 2021

The Central Bank of Kenya (CBK) has released a draft document outlining a five-year digitalisation plan to modernise the country’s domestic payment landscape, according to fintechnews.ae

Kenya Central Bank, open banking, CBK, digitalisation, payment, regulator, API, development, API specifications

Asian Development Bank to support the purchase of COVID-19 vaccines

News | E-invoicing, SCF & E-procurement | 17 Dec 2020

The Asian Development Bank (ADB) has unveiled a USD 500 million facility to support the purchase of COVID-19 vaccines and related equipment.

Asian Development Bank, ADB, supply chain finance, Covid-19, TSCFP, World Health Organization, mapping tool

UNDP, MAS partner to help SMEs in developing countries to access global opportunities

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The United Nations Development Programme (UNDP) Global Centre for Technology, Innovation, and Sustainable Development has partnered with the Monetary Authority of Singapore (MAS) to help SMEs leverage technology to better access global value chains. 

UNDP, MAS, SME, developing countries, United Nations Development Programme, Monetary Authority of Singapore, Cultiv@te, Business sans Borders, API Exchange, APIX

Maldives Monetary Authority to implement instant payments with TietoEVRY

News | Online Payments | 04 Nov 2020

Maldives Monetary Authority (MMA) has signed an agreement with Finland-based IT solutions provider TietoEVRY, to implement an Instant Payments System in the Maldives. 

Maldives Monetary Authority, TietoEvry, partnership, Maldives, instant payments, Maldives Payment System Development Project, online payments, Instant Payments System, PSP, Asia, APAC

TDB Bank of Mongolia to offer crypto-related services

News | Cryptocurrencies | 30 Oct 2020

The Trade & Development Bank of Mongolia (TDB Bank) has partnered with companies Hexland and Delio to offer crypto-related services.

TDB Bank, Mongolia, The Trade & Development Bank of Mongolia, Hexland, Delio, MDKI, cryptocurrency, blockchain

sync. selects Qatar Fintech Accelerator, announces Middle East expansion

News | Online & Mobile Banking | 14 Oct 2020

Digital smart open banking app sync. has announced its selection in the Qatar Fintech Accelerator, which starts on 14 October 2020, according to the official press release.

sync., Qatar, fintech, accelerator, Middle East, expansion, digital app, smart open banking app, open banking, Qatar Fintech Accelerator, Qatar World Cup, Qatar Development Bank, Qatar Fintech Hub, startup

UK-based Railsbank becomes part of SAP.iO

News | Online & Mobile Banking | 14 Oct 2020

BaaS platform Railsbank has entered the SAP.iO Foundry Singapore Fall 2020 acceleration programme which has just been launched, according to the official press release.

UK, Railsbank, SAP.iO, BaaS, platform, acceleration programme, SAP.iO Foundry Singapore Fall 2020, enterprise application software, startups, APIs, COVID-19, recovery, fintech, spend management, Singapore Economic Development Board, SAP Concur, travel, expense management

Uncapped, Salt Edge partner to accelerate eligibility checks for companies' funding

News | Online & Mobile Banking | 13 Oct 2020

Revenue-based finance provider Uncapped has partnered with open banking solutions provider Salt Edge to accelerate the funding process for companies.

Uncapped, Salt Edge, eligibility check, funding, open banking, revenue based finance, entrepreneurs, Partner Program, financial resources, banks, data aggregation, automatization, ecommerce, SaaS, direct to consumer, gaming, app development, data enrichment

JP Morgan pledges USD 30 bln for reducing racial wealth gap

News | Payments General | 08 Oct 2020

JP Morgan has declared it would commit USD 30 billion to address racial inequality over the next 5 years, according to Reuters.

JP Morgan, racial wealth gap, racial inequality, Reuters, mortgage, Black borrowers, Latino borrowers, housing project, small business loans, banks, philanthropy, minority suppliers, Bank of America, Citigroup, Community Development Financial Institutions, CDFIs, loans

SWIFT, IMDA partner for global trade digitalisation

News | E-invoicing, SCF & E-procurement | 05 Oct 2020

SWIFT and Singapore-based Infocomm Media Development Authority (IMDA) have signed a Memorandum of Intent (MOI) for global trade digitalisation.

SWIFT, IMDA, global trade, digitalisation, Infocomm Media Development Authority, Singapore, Memorandum of Intent, MOI, global trade digitalisation, financial institutions, corporates, cross-border trade, paperless trade, trade processing, trade financing, TradeTrust, framework

Castles Technology completes Spire Payments acquisition

News | Payments General | 05 Oct 2020

Taiwan-based PSP Castles Technology has acquired the business and assets of UK-based Spire Payments, according to electronicpaymentsinternational.com.

Castles Technology, Spire Payments, payment solutions, software app, payment development, transactions, online payments, PSP, user experience, in-store acceptance, value-added, merchants, retailers, Taiwan, UK, United Kingdom

ClearBank, Tide partner to grant GBP 25 mln to SMEs

News | Payments General | 23 Sep 2020

Cloud-native clearing bank ClearBank and UK-based business banking platform Tide have been awarded GBP 25 million to help UK-based SMEs grow after the coronavirus pandemic.

ClearBank, Tide, SMEs, UK, United Kingdom, grant, award, clearing bank, business banking platform, coronavirus, pandemic, financial support, Brexit, government, digital services, open banking, funding, debt, equity, digital payments, business development

Ziglu opens crowdfunding round

News | Cryptocurrencies | 21 Sep 2020

Challenger and FCA-authorised Electronic Money Institution Ziglu have opened a crowdfunding round to the public. 

Ziglu, crowdfunding, challenger, FCA, authorisation, Electronic Money Institution, product development, global challenger, investors, crypto exchange, cryptocurrency, p2p payments, digital payments, UK account, digital assets, cyber-attacks, fiat currencies, 5th money laundering directive, crypto assets

European Bank for Reconstruction and Development to guarantee lending to SMEs by Raiffeisen Bank Albania

News | E-invoicing, SCF & E-procurement | 14 Sep 2020

The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, has partnered with Raiffeisen Bank Albania on a risk-sharing facility of EUR 50 million (USD 59.2 million).

European Bank for Reconstruction and Development, lending, SMEs, Raiffeisen Bank Albania

Mastercard, ADB partner to digitalise Asia's supply chains

News | E-invoicing, SCF & E-procurement | 11 Sep 2020

Mastercard and its partners (N-Frnds, SGeBIZ, and Finastra) have announced a collaboration with Asian Development Bank (ADB) to help digitalise supply chains for retailers.

Mastercard, N-Frnds, SGeBIZ, Finastra, Asian Development Bank, ADB, digitalisation, supply chain, financing, cash flow, SMEs, trade finance

Mastercard forms Supply Chain Digitisation alliance with partners

News | E-invoicing, SCF & E-procurement | 09 Sep 2020

Mastercard, N-Frnds, SGeBIZ, and Finastra have partnered with the Asian Development Bank (ADB) to provide funds for small and medium enterprises (SMEs) in Asia.

Mastercard, supply chain, digitisation, alliance, N-Frnds, SGeBIZ, Finastra, Asian Development Bank, ADB, SMEs, Asia, covid-19, pandemic, MSBs, banks, trade networks, supplier, demander, funds, International Chamber of Commerce, fintech

US Bank to provide USD 1 mln grants to black-led CDFIs

News | Payments General | 13 Aug 2020

US Bank Community Development Corporation (USBCDC) has announced USD 1.15 million in grants to more than a dozen Black-led Community Development Financial Institution (CDFI) partners.

US Bank, grants, black-led, CDFI, USBCDC, US Bank Community Development Corporation, Community Development Financial Institution, covid19, financial stress, black businesses, African American Alliance

ARO, Fiserv partner for card management and processing in Africa

News | Cards | 04 Aug 2020

Payments fintech Fiserv has announced a partnership with Absa Regional Operations (ARO) to support credit card management and processing in nine African nations. 

Absa ARO, Fiserv, card management, card processing, Africa, Absa Regional Operations, card platform, Barclays, Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Tanzania, Uganda, Zambia, FirstVission, processing, risk management, loyalty programme, card issuing, API, application development

USD 26 mln in grants to help recovery of small businesses

News | Payments General | 31 Jul 2020

Minister for Regional Growth and Local Government has announced that smaller businesses in UK will benefit from USD 26 million of new government funding.

Minister for Regional Growth and Local Government, UK, SMBs, funding, technology, Kickstart Scheme, England European Regional Development Fund, Growth Hubs

HSBC, Asian Development Bank partner for Covid-19 supply chains support

News | E-invoicing, SCF & E-procurement | 30 Jul 2020

HSBC and the Asian Development Bank (ADB) have announced a supply chain finance programme to support companies that provide Covid-19-related supplies.

HSBC, Asian Development Bank, covid19, supply chain finance, Asian SMEs, medical supply chains, financing, suppliers, banks, manufacturers, investors, healthcare professionals