Volante Technologies has formed a strategic alliance with Standard Bank to modernize payment infrastructures across Africa, starting with South Africa. This partnership aims to revamp Standard Bank’s payment operations using Volante’s Payments as a Service (PaaS) platform and Embedded Preprocessing
How Will CFPB's New Rule Transform Consumer Financial Data Rights? The Consumer Financial Protection Bureau (CFPB) unveiled its final rule on personal financial data rights on October 22, 2024, under Section 1033 of the Consumer Financial Protection Act (CFPA). Also referred to as the
The shifting dynamics in small business capital acquisition reveal a significant transformation driven by fintech companies like Pipe. Traditionally, small businesses depended on banks to set up accounts, secure credit, and receive financial advice. However, this traditional model is evolving as
Despite substantial investments in cybersecurity, many banks remain vulnerable due to fundamental security oversights that could easily be addressed with more stringent protocols and training. Scott Weinberg, CEO of Neovera, emphasizes that even as banks invest heavily in securing their IT
The Bank of England (BoE) is contemplating the introduction of a digital pound, a Central Bank Digital Currency (CBDC), should commercial banks fail to innovate effectively in their payment systems. This consideration comes amidst diminishing cash usage and a significant rise in digital payments
As digital banking becomes the new norm, Santander has strategically launched its digital banking platform, Openbank, in the U.S. market. This move signifies a major step towards harnessing the potential of digital-first financial services, aimed at a market known for its competitiveness and high
