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Tag: financial services


Channels

Diamond Trust Bank Uganda partners TerraPay to enhance cross-border transfer processes

February 27, 2024

Via: FinTech Futures

TerraPay says the partnership will enable the bank to “facilitate direct account deposits from any part of the world”, allowing customers and expatriates residing outside of the country to send “real-time money transfers to their loved ones in Uganda“. Willie […]


Regulations

E-invoicing in Europe 2024: a country by country policy overview

December 14, 2023

Via: FinTech Futures

The European Commission recently unveiled VAT in the Digital Age (ViDA), a comprehensive proposal to reform the EU’s value added tax system. This reform includes significant changes in the scope of obligations regarding e-reporting and e-invoicing. EU Member States will […]


Capital and Risk, Operational

AI-driven financial services must also champion fraud prevention, FCA warns

July 13, 2023

Via: FinTech Futures

This was the primary narrative of a speech given by Nikhil Rathi, the regulator’s chief executive, at the Economist Impact event in London this week. Rathi’s speech centred around the growing impact of AI within the financial services industry, including […]


Channels

The future of financial services depends on global connectivity

February 13, 2023

Via: FinTech Futures

At the same time, the headwinds of change have also served as a catalyst for new forms of money to come to the fore – the number of cryptocurrencies tracked by CoinMarketCap reached the 22,000 mark in early December. The […]


Capital and Risk, Operational

Deutsche Bank partners Nvidia to advance the use of AI in financial services

December 7, 2022

Via: FinTech Futures

Together, the two firms aim to combine their expertise to develop applications that will improve risk management, boost efficiency and enhance customer service using Nvidia AI Enterprise, an end-to-end software suite for AI development and deployment. The partnership will also […]


Activity, Corporate Banking

Texas Regional Bank Expands Into Insurance With Acquisition of Mission Duncan

December 5, 2022

Via: Insurance Journal

Texas Regional Bank (TRB) announced the addition of insurance to its suite of financial services. TRB Insurance will offer a wide range of products and services, including home, auto, and life insurance, as well as commercial insurance. “At TRB, we […]


News

UK BNPL fintech Zilch reportedly planning to lay off around 10% of its workforce

November 30, 2022

Via: FinTech Futures

The unicorn start-up, which raised an additional $50 million in a Series C extension in June maintaining its valuation of over $2 billion, is said to be planning a restructuring that will see dozens of jobs cut and has reportedly […]


Activity, Corporate Banking

APIC achieves USD 20.4 million in net profits from continuing operations in the first half of 2022, a growth of 20.8% year on year

August 11, 2022

Via: PR Newswire

Arab Palestinian Investment Company (APIC) Chairman and CEO Tarek Aggad announced that APIC achieved net profits from continuing operations of USD 20.4 million in the first half of 2022, versus USD 16.9 million for the same period of 2021, a […]


News

Where Banks Can Find Tech Talent

August 8, 2022

Via: Bank Director

Even as the labor market cools, the need for tech talent remains particularly acute. The problem for banks is that they compete not just with other banks, credit unions and financial technology companies for data scientists, software engineers and product […]


Activity, Corporate Banking

Australia’s ANZ snaps up Suncorp Bank in $3.3bn deal

July 18, 2022

Via: FinTech Futures

The firm says the deal will boost the growth of its retail and commercial businesses “while also improving the geographic balance of its business in Australia”. The acquisition includes around $32 billion in home loans, $30 billion in deposits and […]


Capital and Risk, Channels, Operational

Why central banks need to engage the private sector on CBDCs

July 11, 2022

Via: FinTech Futures

As more governments consider launching a central bank digital currency (CBDC), they face many important questions: Why create a digital dollar, euro, or rupee? What technology best fits that purpose? How might a CBDC affect competition in the market? Policymakers […]


Activity, Investment Banking

US fintech Wahed Invest to receive $50m in Series B funding

June 20, 2022

Via: FinTech Futures

Other investors in the round include footballer Paul Pogba, who has joined Wahed as brand ambassador, and a number of family offices and institutions. The Series B round will support the start-up’s ongoing growth phase, with plans to launch an […]


Activity, Corporate Banking

Unlocking Banking as a Service for Business Customers

June 7, 2022

Via: Bank Director

Banking as a service, or BaaS, has become one of the most important strategic imperatives for chief executives across all industries, including banking, technology, manufacturing and retail. Retail and business customers want integrated experiences in their daily lives, including seamlessly […]


Channels

Why Embedded Finance Is the Next Area of Digital Revolution

May 24, 2022

Via: Bank Director

The four decades after the internet made information readily accessible has led to inventions and innovations like smart devices, mobile apps and the ability to be constantly connected. Today, companies are focusing on harnessing technology to build smoother, richer and […]


Channels

Is Crypto the Future of Money?

May 11, 2022

Via: Bank Director

Regardless of their involvement in the financial services industry, anyone paying attention to the news lately will know that cryptocurrencies are making headlines. As the worldwide economy becomes less predictable, regulatory agencies are wondering whether cryptocurrencies could be used to […]


Capital and Risk, Channels, Operational

Five open banking trends that are paving the way for a new financial experience

February 21, 2022

Via: FinTech Futures

Open banking empowers individuals to benefit from their financial data through a simple, secure connection they permission from their banks to their favorite financial app. Fintech services powered by open banking data are gaining adoption across the banking and financial […]


Capital and Risk, Operational

How Open Banking Will Revolutionize Business Lending

January 11, 2022

Via: Bank Director

There has been much chatter about open banking over the last couple of years, and for a good reason. If it stays on its current growth trajectory, it could revolutionize the financial services sector worldwide, forcing changes to existing business […]


Capital and Risk, Trading

The importance of democratising online trading

October 18, 2021

Via: FinTech Futures

With the rise of the COVID-19 pandemic, the online trading industry saw a steep surge of new users. Now more than ever, traders are emerging from all walks of life. The days of trading being accessible only to big banks […]


News

Deutsche Bank boosts online payments with Better Payment acquisition

September 23, 2021

Via: FinTech Futures

Deutsche Bank is to acquire online payment platform Better Payment, to expand its market share in payment processing and acceptance. Over the next 12 months, the Berlin-based paytech’s technology will be integrated into the financial services giant’s product range. Deutsche […]


News

Washington D.C. Expands Program to Increase Opportunities for Students in Finance

July 7, 2021

Via: Insurance Journal

Washington D.C. Mayor Muriel Bowser is working alongside the district’s Department of Insurance, Securities and Banking (DISB) to increase opportunities for high school and college students to pursue careers in financial services, including insurance, by expanding DISB’s Financial Services Academy […]