Fintech

Citi, the banking partner for institutions with cross-border needs, has forged a new partnership with Google Cloud, the global AI, infrastructure, developer, data and security service provider, to modernise its technology infrastructure and enhance employee and client experiences on cloud-based applications. Through a strategic, multi-year agreement, Citi will migrate multiple workloads and applications to secure and […]

Fintechs Bizcuit, Valerian Capital and tilt are among the 10 recipients of Mastercard’s Strive EU Innovation Fund, each awarded €500,000 to develop solutions that address the unique challenges facing small businesses across Europe. The Mastercard Strive EU programme, part of Mastercard’s global Strive initiative, is designed to strengthen and grow Europe’s small business community by supporting innovations that help businesses […]

Sibstar, the debit card and app for people living with dementia in the UK, has launched a new campaign calling on banks and governments to work closer together to ensure safer spending for financially vulnerable people. Dubbed ‘Safe Spending for All’, the Sibstar campaign has received backing from two investors from the BBC’s Dragons’ Den; Deborah […]

It’s common to think about the importance of cash at the onset of weather emergencies like Hurricanes Helene and Milton. At the same time, people who are evacuating in anticipation of natural disasters or working to repair homes and neighborhoods in the aftermath also need digital access, as reinforced by the Atlanta Fed’s Katrina’s Classroom curriculum. In […]

Marqeta has unveiled a new solution that delivers buy now, pay later (BNPL) payment options inside payment apps and digital wallets. The new Marqeta Flex is being developed with payment providers Klarna and Affirm and payments platform Branch, Marqeta said in a Monday (Oct. 28) press release. “Marqeta Flex is about building upon the transformational […]

Digital wallet usage is skyrocketing, according to a recent J.D. Power study. It showed that almost half of Americans had used a digital wallet in the previous 90 days. They’re such a convenient way to store debit and credit cards, loyalty cards, gift cards, and more, that I often leave my actual wallet at home. […]

With the upcoming launch of its first digital bank, Egypt now has a massive opportunity to boost financial inclusion across the country, not to mention lay the groundwork for a thoroughly modern, customer-centric banking system. In early May, the Central Bank of Egypt (CBE) granted preliminary approval to Misr Digital Innovation (MDI), the investment subsidiary […]

In a letter to the World Bank Group this week, nine industry groups, including the Electronic Transactions Association and the Payments Leadership Council, expressed their “strong support” for the World Bank Group’s digital public infrastructure (DPI) initiatives, but expressed concern about DPI policies that don’t “adhere to international guidance and best practices.” The letter outlined […]

Spanish lender Santander (SAN.MC), opens new tab will have a full-service digital bank in the United States by the end of 2025, its executive chair, Ana Botin, said on Thursday. She made the comments during the Institute of International Finance conference in Washington. Santander formally launched its digital bank, offering high-yield savings accounts in the […]

This year they received 133,019 financial complaints compared to 93,114 in 2023. The majority of the complaints were related to banking and credit, with 101,031 complaints lodged in 2024, whilst only 56,690 were filed in 2023. In addition, in 2024 more than half of the banking and credit-related complaints were brought by professional representatives, as […]