Banking

Jaja Finance breaks into the near-prime credit card space   

Jaja Finance has opened up to applications from new customers to bring more competition and choice to the near-prime lending market, giving UK borrowers the chance to reclaim their purchasing power with the new Jaja Vanta Purchase Credit Card.  ...

Study shows one in three nations now on the Open Banking journey 

A new study from the Open Finance technology and advisory services provider, Konsentus, has found that there are now more than 65 national open banking programmes globally.  Konsentus has updated its Global Open Banking and Open Finance Map to include...

How are banks leveraging technology to handle the complexities of ‘politically exposed persons’? 

Following the NatWest and Nigel Farage scandal, banks are still coming under increased scrutiny. The Treasury wrote to the ombudsman in September asking it to provide the complaints data showing a monthly rate of more than 268 complaints per month, made up...

PayPal announces investments to advance economic empowerment for women and girls 

PayPal has announced it has invested in Sweef Capital’s Southeast Asia Women’s Economic Empowerment Fund and Quona Opportunity Fund to support their shared mission to advance women’s inclusion in the global economic and financial...

US shoppers leverage AI for holiday budgeting with credit debt concerns 

New Klarna holiday research reveals spending resilience, AI adoption and rising demand for interest-free payments as half of consumers say they are unlikely to settle their holiday credit card bills.  The average budget for gifts in the US is $740,...

Get To Know: Paul Scott, CTO, Matrix Booking 

Paul Scott, CTO, Matrix Booking, speaks to us about his company, current major areas of investment within the industry and his most memorable achievement.   Can you tell us about your current position?  I’ve been the Chief...

How are FinTech startups disrupting traditional banking and financial services?  

FinTech startups are revolutionising the financial landscape by leveraging technology to challenge traditional banking and financial service providers. Through innovation in areas such as digital payments, lending, wealth management and Blockchain...

HSBC UK issues urgent fraud warning against dummy apps 

The warning comes as the bank has seen a spike in the number of cases, with dozens of customers downloading a dummy app within the last couple of weeks. One of these fake apps is called ‘PDF AI’ which impersonates a genuine app with a similar...

Commercial Bank of Dubai deploys Freshworks to enhance customer service digitisation 

Freshworks, a cloud-based customer service software company and the Commercial Bank of Dubai (CBD), a prominent banking institution in the UAE, have elevated its customer service operations through the implementation of Freshdesk. By utilising...

Astra Tech and Ant Group to launch first-of-its-kind Alipay+ cross-border digital payments solution in the UAE  

Astra Tech, the leading consumer technology holding group in the MENA region, announced a partnership with Ant Group, one of the world’s largest digital payment platforms. This collaboration will witness the integration of Alipay+’s global...

Paysend and RemotePass partner to offer instant payments to contractors globally  

  Paysend, the global card-to-card payments pioneer and RemotePass, the global onboarding and payroll platform, has announced a partnership to facilitate instant and more cost-effective transfers to international workers in 80 countries.  Through...

Mukuru becomes the first remittance company in Africa to re-introduce Naira payouts directly into Nigerian bank accounts

Mukuru, one of Africa’s leading fintech providers, introduces pioneering Naira bank top-ups to streamline remittances in Nigeria. Simplifying USD-to-Naira conversions, this innovation addresses customer pain points and caters to Nigeria’s vast...