Fintech

Recent data from BofA shows that only 47% of college students feel financially prepared for the “real world”. And while 90% of parents believe they bear responsibility in teaching their child financial literacy skills, finding the right tools can be challenging. The SafeBalance Banking for Family Banking account is designed to address this, helping children […]

Working with JP Morgan’s blockchain unit Onyx, FAB completed time-based and threshold balance-based account funding into deposit accounts to execute a payment obligation. The partners say this opens up the possibility of a dynamic and automated funding and settlement solution to FAB and JP Morgan’s mutual clients. FB says traditional cash concentration structures often lack […]

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 […]