Open banking has opened up new possibilities for financial services and technology, allowing businesses to tap into consumer data like never before. For example, third-party service providers can now access customer bank account information, account balances, financial history, and more. through the bank link and the consent of the customer. Growth and enhancement through in-depth
UK digital challenger Zopa is in talks to raise $100 million in what could be its final funding round before going public, according to Sky News. The raise, which would value the bank somewhat higher than its £750 million valuation from a £220 million round last October, is currently being discussed by the bank with both new
Bendigo Bank has today launched its new PayTo digital payments service delivering new levels of control and transparency for its online and mobile banking customers. PayTo is a novel, digital means to pre-authorize one-time or recurring payments straight from a bank account. It was created locally utilizing the real-time payment capabilities of the New Payments Platform,
MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, and Jingle Pay, a financial super-app based in the United Arab Emirates (UAE), today announced a partnership to enable convenient and fast global money transfers through the Jingle Pay app. Consumers in the UAE can use the Jingle Pay app – powered
October 5-7, 2022 Hilton Barbados Resort
October 5-7, 2022 Hilton Barbados Resort Join us to deep dive into the critical evolution underway in financial services and what it means to entrepreneurs, investors and financial institutions. Immerse yourself in the full Fintech Islands Experience (Fix). Beyond captivating speakers and cutting-edge exhibits. Read More
Continuous advancements in fraud prevention software are needed to protect consumer funds as cybercriminals continue to adapt to new defenses imposed by banks, merchants, buyers, and processors. reason given. It’s a cat and mouse game. The goal of the game? Find and exploit the vulnerable link in the chain of defense. Advanced technologies like machine
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that PeoplesBank, an independent community bank based in York, Pennsylvania, is live on nCino’s Small Business Banking Solution. The $2.3 billion asset PeoplesBank had previously deployed nCino’s Commercial Banking Solution, creating a single, cloud-based platform to meet the
Genesis Global, the low-code application development platform purpose-built for financial markets organizations, today announced that the Genesis platform will provide new trade automation and client portal system for Itaú Securities. The Genesis solution will automate pre-trade workflows, minimizing data checks, trade input, order routing, and other administration needed of Ita Securities traders, and combine transaction
Lemonade, the insurance company powered by AI and social impact, today launched in the United Kingdom. Residents across the UK can now get Lemonade Contents insurance instantly, from anywhere, on any device, as well as file claims and get paid in seconds. Today’s launch follows Lemonade’s previous launches in France, Germany, and the Netherlands. Founded
On stage at Converge22, Circle announced an accelerated crypto payments roadmap enhanced by the recent acquisition of Elements, a merchant and developer-first payments orchestration platform. The announcement includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of entry for merchants to access next-gen payments and financial services. The new
Smart money app Plum and fintech unicorn Bitpanda have joined forces to make crypto investing available to Plum’s rapidly growing European customer base. The development underlines the growing demand from investors in Europe for easy access to safe cryptocurrency trading that allows them to diversify their investment holdings. Plum’s specialized financial services app is now completely linked with Bitpanda’s
While the financial services industry is viewed as lacking significant diversity, many studies have shown a strong business case for promoting diversity and inclusion. A recent study, The Journey of African American Insurance Professionals, offers some practical suggestions for recruiting and retaining African Americans, a group that is underrepresented in the industry. The study, conducted in
