Fintech

Commercial bank, Anadolubank Nederland N.V. is improving its compliance with EU Instant Payments regulation following a new partnership with payment services provider, Worldline. The new partnership will see Worldline provide Anadolubank with its cloud-based instant payments solution for five years, accelerating digital transformation while remaining compliant. Users will now be able to send and receive instant payments. Sheri Brandon, head of new […]

The majority of UK firms are more inclined to play it safe when it comes to integrating technology reveals a new report from Consulting at Davies, the professional services and tech consulting firm. In its survey of 501 senior decision-makers within UK-based financial services companies, Consulting at Davies found that 59 per cent of firms are risk averse when […]

A significant majority of US mid-sized businesses still use paper cheques, even with soaring cheque fraud research from Codat, a provider of business data and insights for banks, reveals. Cheque fraud nearly doubled between 2021 and 2022, with projected losses expected to exceed $24billion by 2024. Despite more secure digital payment methods like virtual cards gaining traction, […]

2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer […]

Businesses in Latin America (LatAm) and the Gulf Cooperation Council (GCC) are rapidly looking to diversify their economies, seeking out partnerships with firms abroad. In doing so, businesses in both regions have realised the potential of working with one another. In fact, according to the International Trade Center, GCC countries exported goods worth $10.84billion to LatAm […]

Fibabanka, a player in Türkiye’s banking sector, has completed its next step as it launches its Banking as a Service (BaaS) platform by partnering with GetirFinans, the tech firm. Businesses will find it easier to integrate financial solutions into their own offerings using the platform. The partnership with GetirFinans is the first use case for […]

Spanish lender to explore tokenisation and smart contracts in cross-border transactions as part of international Agorá initiative CaixaBank, Spain’s third-largest lender by market value, has been selected to participate in a global initiative to transform international payment systems through tokenisation and smart contracts. The project, named Agorá, is led by the Bank for International Settlements (BIS) and […]

Against a backdrop of continuing industry consolidation, community banks see digital payments as a key competitive weapon, according to newly released survey data from Bank of New York Mellon Corp. “Nearly 30% of those polled indicated that launching new technology services focused on efficiency and security, such as instant payments, are critical to maintaining a […]

Artificial intelligence-related cryptocurrencies led the crypto rally on Monday as altcoins continued to shine relative to bitcoin (BTC). Native tokens of layer-1 blockchain Near (NEAR) and decentralized computing platform Render (RNDR) advanced 18%-20% over the past 24 hours. They were the fastest horses within the broad-market benchmark CoinDesk 20 Index, which gained 1.5% during the same period. Decentralized machine learning protocol Bittensor […]

Authorized Push Payment (APP) fraud has been notoriously difficult to fight against because it involves consumers voluntarily transferring assets to  fraudulent accounts. In most cases, bad actors target their victims through social engineering or impersonating a real person or company. “There is obviously a technology piece that plays a role here, but there’s also a […]