Open banking technology provider, Ozone API, has provided an updated UK open banking model bank for Open Banking Limited (OBL), the implementation entity tasked with building the UK’s open banking standard to drive competition, innovation and transparency in UK retail banking. Ozone API explained that by updating the model bank, it is supporting the rollout of the latest […]
Fintech
New Bank of Bahrain Investment Product Pairs Bitcoin Growth Potential With Capital Security
In a move to offer accredited investors the ability to capitalise on Bitcoin’s long-term growth while ensuring capital preservation, the National Bank of Bahrain (NBB) has launched a new Bitcoin-linked investment product, developed in partnership with digital asset financial services firm ARP Digital. During an unveiling at Fintech Forward 2024, an industry fintech event held in Riyadh, Saudi Arabia, the […]
TikTok Shop Implements Cash Flow Solution for Sellers in Partnership With Storfund
If you’ve had any experience with TikTok in the last few years, you’ve likely become familiar with the app’s e-commerce offerings. The video-sharing site has pushed its shop feature to its users in a variety of ways, through user videos, discounts, and ads. Now, Storfund, a UK-based fintech, is partnering with TikTok Shop to introduce […]
Paysend Libre Launched in Mexico to Improve Access and Speed of Remittances
Remittances act as a lifeline in developing markets where access to finance is limited. As a result, many organisations are looking to make sending and receiving money from abroad as simple and convenient as possible. The latest to do so are Paysend, the UK payment ecosystem, and Mastercard, the global payments processor. In their new partnership, […]
Fintech Australia Backs Scams Prevention Framework Proposal but Pushes for Accompanying Reforms
In September, the Australian government proposed the introduction of a ‘Scams Prevention Framework’ (SPF), which would implement new scam obligations across all sectors. In response to the consultation period for this proposal, FinTech Australia, the industry body which represents over 420 fintech companies and startups across Australia, is supporting the need to take preventative action to […]
Ozone API Upgrades Open Banking Model Bank, Enabling Banks and FIs to Test API Implementations
Open banking technology provider, Ozone API, has provided an updated UK open banking model bank for Open Banking Limited (OBL), the implementation entity tasked with building the UK’s open banking standard to drive competition, innovation and transparency in UK retail banking. Ozone API explained that by updating the model bank, it is supporting the rollout of the latest […]
New Bank of Bahrain Investment Product Pairs Bitcoin Growth Potential With Capital Security
In a move to offer accredited investors the ability to capitalise on Bitcoin’s long-term growth while ensuring capital preservation, the National Bank of Bahrain (NBB) has launched a new Bitcoin-linked investment product, developed in partnership with digital asset financial services firm ARP Digital. During an unveiling at Fintech Forward 2024, an industry fintech event held in Riyadh, Saudi Arabia, the […]
Intelligence Fabric Layer Introduced by Backbase to Make Integrating AI Into Banks Easy
Artificial intelligence (AI) can help accelerate banks’ productivity however it can be challenging to integrate. Looking to make this process more seamless, Backbase, the engagement banking platform, has introduced its Intelligence Fabric layer. Intelligence Fabric will allow banks to embed a powerful set of data and AI infrastructure and development into their platforms. Backbase will enable banks to implement Agentic […]
HSBC Launches SemFi by HSBC to Improve Spend Management for UK SMEs
British universal bank, HSBC has partnered with B2B global trade network, Tradeshift to launch a new embedded finance solution that will help its business clients called SemFi by HSBC. SemFi by HSBC has been created to help SME suppliers on e-commerce venues to access digital invoice financing from HSBC. Furthermore, it aims to offer SMEs greater flexibility and security in […]
Curve Ups Fee-Free Spending Limits to £100,000 and Introduces 1% Cashback on International Spend
Global wallet provider Curve has launched a new foreign spending scheme, increasing fee-free spending limits and cashback on international spend, in a move to eliminate foreign transaction fees. As part of its ongoing mission to reshape the mobile wallet experience, Curve has increased fee-free spending limits up to £100,000, saving travellers up to three per cent on […]
