Fintech

Truist is among the top 10 in the US and 67th in the world rankings by assets ($535 billion.) As a large bank, there is opportunity for differentiation and specialisation that Ward believes helps Truist stand out among its regional and national peers. Ward joined the Charlotte, North Carolina-based institution, a key sponsor of the AFP conference […]

The survey collected data from over 1000 investment banks, brokers, and insurance firms. The results could indicate that more employees are willing to speak out when facing difficulties in the workplace, with not all participants in the survey having whistleblowing or disciplinary policies in place. 26% of the concerns were related to bullying and harassment, […]

Alternative investment firm Castlelake backs YouLend’s revenue-based lending with a three-year agreement as the platform expands its reach YouLend, an embedded finance provider that delivers revenue-based lending through partners including Amazon and eBay, has secured a financing facility from Castlelake to develop its US operations. The facility enables YouLend to extend up to US$1bn in revenue-based financing to […]

Santander launches US digital subsidiary Openbank, extending North American footprint as it targets deposit growth with cloud technology Santander, the Spanish banking group with €1.3tn (US$1.4tn) in deposits, is launching its digital banking subsidiary Openbank in the US market, marking the group’s first nationwide retail banking offering beyond its Northeast American branch network. The US […]

Google Cloud partners with financial regulatory body AIR to propose new guidelines for managing generative AI risks in financial institutions Financial institutions need to revamp their model risk management frameworks to account for the emergence of generative artificial intelligence, according to a new paper from Google Cloud and the Alliance for Innovative Regulation (AIR). The […]

As much as two in three European banks may not be prepared to meet the EU’s instant payment deadline, a new survey by the transaction data management firm, Intix, has revealed. Intix reveals that while only 33 per cent of respondents said they are ready to meet these deadlines, a further 41 per cent also claimed […]

HSBC is expanding the trade financing solutions it offers for businesses trading on e-commerce platforms in mainland China and Hong Kong, in partnership with Dowsure Technologies. The partnership aims to benefit SMEs facing challenges in securing trade finance by integrating an e-commerce data solution from Dowsure with HSBC banking solutions. By streamlining the credit assessment process for Amazon merchants […]

Afin Bank, a new digital bank planning to serve the African diaspora living and working in the UK, is set to begin lending next year, after securing a banking licence from the Prudential Regulation Authority (PRA). Afin Bank plans to help people from Africa who find it difficult to get mortgages because of their nationality, […]

TerraPay, a facilitator of cross-border money movement, has announced a strategic partnership with Tenpay Global, Tencent’s cross-border payment platform, to enable international transfers directly to Weixin Pay users in China. According to the World Bank, global remittances are projected to reach $913 billion by 2025, with a significant portion directed towards developing nations. China, being […]

We’ve all heard the story: someone at work or on a podcast shares how they—or perhaps a friend, or a friend of a friend—forgot their wallet at home one morning yet managed to navigate the day, buying lunch, commuting, and making purchases, all with just their phone. The moral is clear: the world is filled […]