Articles with tag: innovation

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BisB announces strategic partnership with CBB Digital Lab FinHub 973

27 Oct 2020 | Online & Mobile Banking

The Bahrain Islamic Bank (BisB) has announced its strategic partnership with FinHub 973: CBB (Central Bank of Bahrain) Digital Lab, the kingdom’s latest open application programming interface (API) innovation platform. 

Bahrain Islamic Bank, FinHub 973, API, fintech, innovation

FinTech Scotland teams up with Lloyds for Innovation Lab

21 Oct 2020 | Online & Mobile Banking

FinTech Scotland has teamed up with Lloyds Banking Group to launch a new fintech programme aimed at improving and creating innovative collaborations.

FinTech Scotland, Lloyds Banking Group, partnership, Launch Innovation Lab, innovation, fintech

Mastercard to streamline digital transformation for Ethiopian commerce

20 Oct 2020 | Online Payments

Mastercard has announced a partnership with the Ethiopian Ministry of Innovation and Technology (MINT) to develop and implement strategies for a more digitised economy in Ethiopia.

Mastercard, Ethiopian Ministry of Innovation and Technology, Ethiopia, digital transformation, online payments, digitalization, digitised payment solution, Africa, MENA, SMB, SME,

Open Payments Coalition opens more doors for wallets, exchanges, and developers

13 Oct 2020 | Online Payments

The Open Payments Coalition, an organisation developed by Ripple and over 40 global companies and nonprofits, has announced updates and new features for PayID.

Ripple, open payments, Open Payments Coalition, Ripple, wallet, developers, cloud, innovation

GLEIF clarifies Validation Agent role for banks and FIs

07 Oct 2020 | Digital Identity, Security & Online Fraud

The Global Legal Entity Identifier Foundation (GLEIF) has introduced a new ‘Validation Agent’ role and explained what it will mean for financial institutions and banks.

GLEIF, Validation Agent, banks, FIs, financial institutions, Global LEI System, LEI issuance, digital innovation, Validation Agent Framework, KYC, AML, onboarding, Local Operating Unit, LOU, know your customer

EBA publishes work programme for 2021, with focus on innovation and fighting AML/CFT

01 Oct 2020 | Payments General

The European Banking Authority (EBA) has published its annual work programme for 2021, describing the activities and tasks of the Authority for the coming year and highlighting its key strategic areas of work.

AML/CFT, EBA, financial innovation, banks, financial sector, Environmental, Social, Governance, Covid 19

The Global Open Banking Report 2020 – Beyond Open Banking, Into the Open Finance and Open Data Economy

01 Oct 2020 | Online & Mobile Banking

The Global Open Banking Report 2020 follows the journey from Open Banking to Open Finance and Open Data Economy and provides key insights about the benefits of Open Finance for different areas of financial service

Open Banking, Open Finance, Open Data, data, digitalisation, payments, merchants, corporates, SMEs, fintech, innovation, banks, financial inclusion, security, agile, fraud prevention, standardisation, third party providers, API, cash management, personal finance management, use cases, account aggregation, request to pay, compliance, regulation, onboarding, partnership, developers, treasury, account-to-account payments, coronavirus, covid-19, pandemic, actionable insights, consumers, mapping, data sharing, finance, banking, know your customer, KYC, credit scoring, TPP checking, repository, API security, authentication, strong customer authentication, lending, affordability, savings, insurance, Data Strategy, banking-as-a-service, core banking, risk management, payment initiation, consent, customer experience, open payments

One way to improve e-invoicing is through the use of artificial intelligence

30 Sep 2020 | E-invoicing, SCF & E-procurement

Maciej Sikora from Comarch provides key insights on how e-invoicing can benefit from artificial intelligence 

Maciej Sikora, Comarch, e-invoicing, artificial intelligence, innovation

LUXHUB announces strategic partnership with SIX Group

15 Sep 2020 | Online & Mobile Banking

LUXHUB has announced a new strategic partnership with Swiss technology infrastructure provider SIX Group.

LUXHUB, partnership, SIX Group, Open Banking, Open Finance, complaince, innovation

ABN AMRO and Techstars partner to accelerate innovation

01 Sep 2020 | Payments General

ABN AMRO and Techstars, the global platform for investment and innovation, have agreed to a three-year partnership to accelerate innovation. 

ABN AMRO, Techstars, innovation, banking, startupsm digitalisation

After soft launch of digital yuan wallet, Chinese bank disables the app

31 Aug 2020 | Cryptocurrencies

China Construction Bank (CCB) had opened a wallet service for China’s central bank digital currency to public users, however it has disabled it after the feature gained widespread attention.

DCEP, digital yuan, central bank digital currency, China, China Construction Bank, innovation, mobile wallet, mobile app

EVO, OTI partner to provide contactless payment solutions for unattended retail

27 Aug 2020 | Online Payments

EVO Payments has partnered with On Track Innovations (OTI) to provide payment solutions to independent software vendors (ISVs) and merchants focused on unattended retail. 

EVO Payments, On Track Innovations, OTI, payment solutions, independent software vendors, ISVs, merchants, unattended retail, kiosks, automated retail, vending machines, micromarkets, EV, cashless payments, contactless payments

Nordic challenger bank Lunar selects open banking from Nordic API Gateway

20 Aug 2020 | Online & Mobile Banking

Challenger bank Lunar has selected open banking platform Nordic API Gateway to create value-added, multi-banking features to its customers.

Nordics, fintech, open APIs, PSD2, challenger bank, Lunar, open banking, Nordic API Gateway, innovation

JPMorgan Chase partners with Commonwealth

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

JPMorgan Chase and Commonwealth have announced a two-year initiative to address the challenges and opportunities emerging technologies present to people of lower- and moderate-income.

JPMorgan Chase, Commonwealth, finance, fintech, innovation, COVID-19, coronavirus, pandemic, financial, inclusion, data, artificial intelligence, AI

TradeCore partners with ComplyAdvantage and TrueLayer

19 Aug 2020 | Online & Mobile Banking

TradeCore has announced two new partners to its platform. 

TradeCore, ComplyAdvantage, TrueLayer, partnership, innovation, UK, financial, technology, fintech, AML, anti-money laundering, open banking

Singapore's MAS earmarks USD 182 mln

18 Aug 2020 | Payments General

Singapore has pledged to invest USD 182.1 million over the next three years to drive technology innovation in the financial services sector, with added focus on AI. 

Singapore, MAS, fintech, innovation, technology, financial, AI, artificial intelligence, tech, Proof-of-Concept, POC

Envestnet | Yodlee offers hyper-personalisation to financial services industry via new solution

06 Aug 2020 | Payments General

Envestnet | Yodlee, a data aggregation and analytics platform providing dynamic, cloud-based innovation for digital financial services, has launched Insights Solutions.

Envestnet | Yodlee, data aggreggation, financial services, cloud-based innovation, digitalisation, financial planning, APIs, product launch

The Government of Western Australia and Newfound initiate virtual UK trade mission

05 Aug 2020 | Ecommerce

The Government of Western Australia and global expansion specialists Newfound have launched a virtual trade mission in September 2020.

Government of Western Australia, trade mission, commerce, innovation, collaboration, technology, UK, Australia,

Does China's Digital Currency have a chance to supplant a digital dollar as a global reserve currency?

05 Aug 2020 | Cryptocurrencies

The principal threat to the role of the dollar as Prime currency comes not from Facebook but from China’ ‘The Digital Currency Revolution’ by David Birch

David Birch, digital currency, central bank digital currency, Facebook, China, trade, economy, central bank reserves, central bank, payments, innovation

BNY Mellon offers SWIFT gpi Case Resolution service

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

BNY Mellon has collaborated with SWIFT to offer the gpi Case Resolution service to US-based clients.

BNY Mellon, SWIFT, gpi, Case Resolution, US, United States, client-centric payment services, global payments innovation, cloud, banks, inquiries, compliance, payments, cross-border payments, fees