Tag: financial services

June 4, 2024

Jio Financial Services states that the app, which has been launched in beta and is currently inviting “user input for refinement”, will provide users with a “consolidated view of accounts and savings” and enable customers in India to execute UPI […]

February 27, 2024

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 […]

December 14, 2023

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 […]

July 13, 2023

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 […]

February 13, 2023

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 […]

December 7, 2022

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 […]

December 5, 2022

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 […]

November 30, 2022

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 […]

August 11, 2022

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 […]

August 8, 2022

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 […]

July 18, 2022

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 […]

July 11, 2022

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 […]

June 20, 2022

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 […]

June 7, 2022

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 […]

May 24, 2022

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 […]

May 11, 2022

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 […]

February 21, 2022

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 […]

January 11, 2022

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 […]

October 18, 2021

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 […]

September 23, 2021

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 […]