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Lloyds Bank has confirmed that two of its branches in Sussex (Beach Road in Littlehampton and The Street in Rustington) will close in May and June of 2023.
banks, online bank, regulation, ATM, digitalisation
Switzerland-based digital bank Alpian has become a core member of Visa, enabling it to issue cards in Switzerland.
online bank, Visa, partnership, debit card, Issuer
Europe-based digital banking platform Revolut has reportedly been under pressure from its auditors to improve internal controls after UK-based regulators found flaws in the bank’s auditing accounts.
fintech, regulation, regulatory sandbox, FCA, mobile banking, online banking, online bank, digital banking, cryptocurrency, banking license, report
US-based financial institution JPMorgan has announced its plans to launch a full travelling agency that will allow prospects to plan and guide journeys as easy as a home flight or as complex as a full vacation.
expansion, travel payments, product launch, retail, online bank, cashback
UK-based digital banking Starling, backed by Goldman Sachs with a GBP 50 million investment, has withdrawn its application to obtain a European banking license from the Irish central bank.
online banking, banking, online bank, banks, retail banking, regulation, banking license, central bank
Provider of next-gen core banking platforms to the US regional banking sector Finxact has announced that Battle Financial, a Colorado-based company building Battle Bank has selected the former to be its platform for banking operations.
online banking, API, SaaS, partnership, cloud services, cloud banking, online bank
Investment banking company JPMorgan Chase has announced it completed research on a quantum key distribution (QKD) blockchain network that fights against quantum computing attacks.
JP Morgan, metaverse, online bank, blockchain, cryptocurrency, bot attacks, quantum computing
UK-based startup Fintech Farm has raised over USD 7 million to launch neobanks in eight countries until 2024.
digital banking, online banking, mobile banking, mobile money, online bank
Standard Bank, one of the largest bank groups in Africa, has introduced Apple Pay as an alternative payment method for its clients in South Africa.
online bank, Apple, Apple Pay, mobile payments, contactless payments, digitalisation, digital wallet
US-based banking as a service platform (BaaS) Unit has announced it joined forces with Currencycloud to offer mutual clients an easy and seamless way to handle domestic and international transfers.
BaaS, partnership, online bank, money transfer, online payments, virtual card
Pan-African banking conglomerate Ecobank has released a new version of its Ecobank mobile app that allows customers access to online banking 24/7.
online banking, product upgrade, online bank, online banking e-payment, cross-border payments, online payments
National Australia Bank (NAB) has revealed it will buy out digital bank 86 400 in a bid to grow its UBank offering.
NAB, 86 400, acquisition, Australia, uBank, digital banking, online bank, merger
UK-based online banking platform Cashaa has announced plans to launch a crypto-friendly online bank in India.
Cashaa, UK, India, cryptocurrency, crypto, online bank, B2B, banking, fintech, lending
Russia-based fintech Yandex has agreed on a USD 5.5 bln deal to acquire online bank Tinkoff.
Yandex, Tinkoff, challenger bank, banking, online bank, digital bank, fintech, financial technology, mergers and acquisitions, acquisition, Russian Federation, Russia
buguroo, partnership, Puleng Technologies, SA, banking, online, online fraud, fraud, online bank, banks, South Africa, South African Banking Risk Information Centre, SABRIC, fraud, mobile bank, COVID-19, coronavirus, pandemic, account takeover, ATO, biometrics, bugFraud
Starling Bank, banks, challenger bank, neobank, COVID-19, coronavirus, UK, digital banking, banking, digital, US, Business Toolkit, SMEs, online bank, invoices, payments , software, loans, National Insurance Contributions, transactions
Trustly, payments , Folksam, insurance, Sweden, payouts, online bank, direct debit, network, online payments, merchants, PSD2
Digital Bank Revolut has added “Perks” to all UK customers according to a company release.
Revolut, digital bank, online bank, Perks, online banking, reward system, banking platform, UK, United Kingdom
A new subscription-only bank Aion has launched in Belgium designed to help customers maximise their money.
Aion, digital bank, bank launch, Belgium, subscription banking, digital banking, online bank, challenger, neobank, Europe
Neobank Niyo has partnered with National Payments Corporation of India (NPCI) in order to promote greater financial inclusion.
neobank, NiYO, National Payments Corporation of India, NPCI, financial inclusion, Niyo Bharat, ERP, payroll app, payroll platform, digitalisation, India, Asia, APAC, online bank, neobank