Elon Musk's X, formerly known as Twitter, has announced a significant partnership with Visa to launch X Money, a peer-to-peer digital payment platform expected later this year. This strategic move aims to compete with established services such as Venmo and Zelle. With Visa Direct powering the
Metropolitan Commercial Bank (MCB) has taken a significant step in its digital transformation journey by launching an enhanced consumer digital banking platform in collaboration with ebankIT. This development aims to upgrade the banking experience for MCB clients and streamline the onboarding
Lloyds Banking Group, a longstanding British financial institution, has taken a bold step in response to the evolving landscape of digital banking. Over the next four years, the bank plans to close 136 branches under its Lloyds, Halifax, and Bank of Scotland brands. This significant move reflects
Alliant Credit Union, a leading digital-only, branchless credit union in the United States with total assets amounting to $20 billion and over 900,000 members, has strategically partnered with Backbase to revolutionize its digital banking operations. This partnership is geared towards accelerating
The banking sector in the Middle East is undergoing a period of rapid transformation, driven predominantly by evolving customer preferences, the advent of innovative technologies, cost-related challenges, and increasing regulatory demands. As the financial services landscape in this region evolves,
Credit unions today face a unique challenge as they operate at the intersection of traditional banking and rapidly advancing technology. The constant need to maintain regular operations while simultaneously planning for future growth makes it vital for credit union leaders to adopt strategies that
