Articles with tag: national bank

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BIS, central banks publish CBDC report laying out key requirements

12 Oct 2020 | Cryptocurrencies

The Bank for International Settlements (BIS) together with a group of seven central banks have published a central bank digital currency (CBDC) report laying out key requirements for CBDC.

CBDC, BIS, Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank, Swiss National Bank

National Bank of Bahrain launches 'Tap & Go' payment

29 Sep 2020 | Mobile Payments

National Bank of Bahrain has announced the activation of ‘Tap & Go’ contactless payment service across its point of sale (POS) terminals and cards.


National Bank of Bahrain, tap and go, mobile payments, online payments, card payments, contactless payments, POS, e-wallet, Bahrain, MENA, NFC payments

Standard Chartered completes live transaction on blockchain trading platform Trusple

25 Sep 2020 | Cryptocurrencies

Standard Chartered has successfully completed a cross border live transaction on blockchain enabled trading platform Trusple.

Standard Chartered, cross border payments, trading platform, blockchain, AntChain, international banking, SMEs

National Australia Bank launches its 'StraightUp' interest-free credit card

11 Sep 2020 | Cards

The National Australia Bank has launched its NAB 'StraightUp' card that provides access to staged credit limits up to a maximum of USD 3000 for a flat monthly fee of between USD 10 to USD 20, Mobile Payments Today reports.

installments, National Bank of Australia, credit card, interest-free, finance

TransferMate expands North American regulation with Mexico licence approval

08 Sep 2020 | Online Payments

Cross-border B2B technology payments provider TransferMate has secured a new payments licence in Mexico.

National Banking and Securities Commission, TransferMate, remittance, online money transfer, online payments, money licence, e-money licence, payment technology, Mexico, Latin America

Sterling National Bank and Cashfac announce strategic business alliance

04 Sep 2020 | Payments General

Cashfac, a global provider of back-office cash management software, and Sterling National Bank (“Sterling”), have announced a strategic agreement to expand Sterling’s Escrow account origination and servicing capabilities. 

Sterling National Bank, Cashfac cash management, escrow, account origination

National Bank of Cambodia implements retail payments system using blockchain technology

21 Aug 2020 | Cryptocurrencies

National Bank of Cambodia (NBC), has partnered with Tokyo-based Soramitsu, a blockchain developer, to modernise the country’s legacy retail payments with the help of the Hyperledger Iroha blockchain framework.

Cambodia, banks, retail, payments, blockchain, technology, National Bank of Cambodia, NBC, Tokyo, Soramitsu, Hyperledger Iroha, Banking, digital, digital currency, merchants, mobile app, network

Revolut enables instant transfers in Euro for business account holders

18 Aug 2020 | Payments General

Revolut has enabled instant transfers in EUR for business account holders to support customer payments to European bank accounts.

Revolut, payments, transfers, Europe, banks, International Bank Account Number, Single European Payments Area, SEPA, SWIFT

National Bank of Oman introduces cardless ATM transactions

12 Aug 2020 | Mobile Payments

National Bank of Oman (NBO) has added cardless ATM transactions to its digital banking and payment solutions. 

National Bank of Oman, banks, Oman, cardless, ATM, transactions, NBO, digital banking, digital, banking, payments, smartphone, mobile app, transactions

Major Canadian banks join up to protect open banking data

06 Aug 2020 | Payments General

Financial Data Exchange (FDX) Canada has been officially launched and comprises 31 organisations leading the Canadian financial services ecosystem, including the Big Five banks.

Banks, Open Banking, data, security, RBC, CIBC, National Bank, TD Bank Group, BMO, Desjardins, Tangerine Bank, Simplii Financial, Equitable Bank, Interac, standardisation

Cambodia-based fintech Clik secures USD 3.7 mln funding for financial inclusion

05 Aug 2020 | Payments General

Fintech startup Clik has completed the final close of its USD 3.7 million seed round for mobile payments, loyalty programmes, data visualisation, business intelligence, and cloud data services. 

Clik, fintech, Cambodia, funding, financial inclusion, mobile payments, loyalty programmes, data visualisation, business intelligence, cloud data services, Openway, Poems Pte, angel investors, National Bank of Cambodia, NBC, Central Bank Digital Currencies, Bakong, payment aggregator, payments, cards, wallets, bank accounts, mPOS, SoftPOS, eKYC

Lion International Bank partners with Singapore-based Thunes to launch cash pickup service

04 Aug 2020 | Payments General

Lion International Bank has partnered with global cross-border payment provider Thunes to launch a cash pickup service in Ethiopia. 

Lion International Bank, Thunes, cash pickup, remittances, Ethiopia

OCC issues letter regarding banks' crypto custody services

23 Jul 2020 | Cryptocurrencies

US-based bank regulator OCC has posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. 

Office of the Comptroller of the Currency, OCC, US, United States, national banks, federal savings associations, cryptocurrency, crypto, custody services, fintech, innovation, banking, digital assets, state banks

Flinks raises CAD 16.2 mln in Series A funding

08 Jul 2020 | Online & Mobile Banking

Flinks, a Canada-based startup that helps financial institutions gain financial insights and connect user bank accounts, has closed its Series A round at CAD 16.2 million.

Flinks, US, Canada, banks, NAventures, National Bank, Luge Capital, Panache Ventures, Intact Ventures, startup

BIS Innovation Hub to expand to new locations in Europe and North America

01 Jul 2020 | Payments General

BIS Innovation Hub has announced plans to extend its reach with new centres over the next two years in collaboration with central banks from Europe and North America.

BIS Innovation Hub, Europe, North America, central banks, BIS Innovation Hub, fintech, Bank of Canada, Bank of England, European Central Bank, Eurosystem, Danmarks Nationalbank, Central Bank of Iceland, Central Bank of Norway, Sveriges Riksbank, Federal Reserve System, Hong Kong Monetary Authority, Monetary Authority of Singapore, Swiss National Bank

Pacific National Bank taps NYMBUS to launch FACILE

27 May 2020 | Online & Mobile Banking

US-based Pacific National Bank (PNB) has gone live with NYMBUS to outsource the technology and remote full-service operations of its digital-only bank, FACILE.

FACILE, Pacific National Bank, NYMBUS, PNB, technology, digital bank, partnership, cloud, SmartEcosystem

Rwanda waives charges on digital payments

26 May 2020 | Mobile Payments

The National Bank of Rwanda has instructed mobile network operators (MNOs) to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.

The National Bank of Rwanda, Rwanda, MNOs, wallets, merchant fees, mobile payments, mobile transactions, COVID-19, digital payments, cash

MKB and MTB partner to launch joint holding company in Hungary

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

Hungary-based MKB Bank and savings and loans group Magyar Takarekszovetkezeti Bank (MTB) have signed a letter of intent to establish a joint financial holding company.

Hungary, MKB Bank, Magyar Takarekszovetkezeti Bank, MTB, banking, banks, Magyar Bankholding Zrt, National Bank of Hungary, NBH

Uzbekistan planning to reform banking system

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

The president of Uzbekistan has announced planning to reform the banking system and sell off state shares in six Uzbek banks.

Uzbekistan, banking, Ipoteka Bank, Uzpromstroybank, Asaka Bank, Alokabank, Qishloq Qurilish Bank, Turonbank, National Bank for Foreign Economic Affairs, Agrobank, Microcreditbank, financial, loans

Liberty National Bank partners with Teslar Software to streamline commercial lending

06 Apr 2020 | E-invoicing, SCF & E-procurement

Teslar Software has announced that Liberty National Bank has selected its platform to increase transparency across exceptions tracking and reporting, helping to streamline the overall commercial lending process.

Liberty National Bank, Teslar Software, commercial lending