Banking

Navigating the lending boom: How US banks can leverage AI to manage new risks 

Prior to his consultancy career, Yerbol Orynbayev served as the Deputy Prime Minister of Kazakhstan from 2007-2013 and Aide to the President on economic policy from 2013-2015. In this article, Orynbayev discusses the recent Fed rate cut, its potential...

Bread Financial launches IRA retirement savings and CDs

Bread Financial, a tech-forward financial services company, has introduced its IRA Retirement Savings and CDs, a new individual retirement account (IRA) offering that includes High-Yield Savings Accounts (HYSA) and Certificates of Deposit (CD) options. The ...

“It simply isn’t good enough” – Revolut calls for Meta to commit to sharing reimbursement of fraud victims 

Revolut, the global FinTech with over 45 million global customers, is calling on Meta to commit to sharing reimbursement of fraud victims, arguing that its recently announced data-sharing partnership with UK banks and financial institutions falls woefully...

HSBC launches new embedded finance venture

HSBC has launched its new jointly owned venture, SemFi by HSBC, which aims to deliver Seamless Embedded Finance solutions to business clients.  The new technology company is a joint venture between HSBC and B2B global trade network Tradeshift. SemFi...

SpotMe, Chime’s fee-free overdraft, surpasses US$30 billion in spotted transactions

Leading consumer financial technology company, Chime, has announced that its fee-free overdraft feature, SpotMe, has covered its members with more than US$30 billion in transactions since the product launched in 2019. SpotMe empowers everyday people to...

Meta partners with NatWest to combat scams 

Meta and NatWest are expanding a first-of-its-kind information sharing partnership to help protect people against fraud. The Fraud Intelligence Reciprocal Exchange (FIRE) is a threat intelligence sharing programme for financial institutions, allowing banks...

The BNPL boom: How new payment options are defining the customer loyalty race

The frenzy of Christmas and Halloween marketing is already in full swing, with date reveals of Christmas market returns to pumpkin patch locations, retailers are gearing up to execute their strategies as the Golden Quarter approaches. This year, however,...

Airwallex report reveals 92% of Aussie startups struggle with their financial operations

Airwallex, the Australia-founded leading financial platform for modern businesses, has released The Startup Financial Confidence Report which reveals the opportunities and business challenges facing Australian founders right now.  Further findings from the ...

Coreless banking provider XYB to modernise core banking with IBM 

XYB,  the leading Coreless Banking Platform business, has announced its plans to help banks modernise their core systems. XYB is working with global tech leader IBM to provide technologies and consulting expertise that can help financial services...

Crypto.com receives payment service provider licence from Central Bank of Bahrain 

Crypto.com has received full approval to provide payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding to the com...

Kuwait’s Boubyan Bank selects Temenos to modernise retail, corporate and private banking platform

Temenos has announced that Boubyan Bank, the second largest Islamic bank in Kuwait, has selected Temenos to modernise its core banking systems. The bank is migrating to Temenos’ core banking platform for Retail, Corporate Banking and Wealth Management to e...

Bank of America recognised globally for digital leadership and commitment to innovation

This year, Bank of America has been recognised by many of the most influential industry groups and global banking award organisations around the world for its digital leadership. As the company continues to see record growth in digital engagement among...