Category: Banking
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FSC to change rules for supervisory regulation on credit information firms
Published on: September 18, 2022 The Financial Services Commission (FSC) has announced its plans to change the rules for supervisory regulation on credit information firms, aiming to enhance the oversight and management of this critical sector. The FSC, as the primary regulatory authority responsible for ensuring the stability and transparency of the financial sector, considers…
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Deutsche Bank to strengthen Shariah custody in Southeast Asia
Deutsche Bank, a leading global financial institution, has recently announced its plans to reinforce its Shariah custody services in Southeast Asia. As the demand for Islamic finance continues to grow in the region, Deutsche Bank aims to provide enhanced support to clients through its specialized Shariah-compliant custody solutions. Meeting the Rising Demand Southeast Asia has…
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CaixaBank to develop generative AI with new multi-disciplinary team
By [Your Name] Introduction CaixaBank, one of Spain’s leading financial institutions, is set to revolutionize the banking industry with their announcement of developing generative Artificial Intelligence (AI). To achieve this groundbreaking feat, CaixaBank is building a new multi-disciplinary team dedicated to advancing AI innovation to better serve their customers and stay at the forefront of…
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Swift enables global eBL interoperability in trade finance
The rise of digitalization in the finance industry has brought forth numerous advancements, especially in trade finance. One of the significant breakthroughs is the interoperability of electronic Bill of Lading (eBL) systems facilitated by Swift. The Importance of eBL: The Bill of Lading is a crucial document in international trade. It serves as proof of…
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ila Bank partners with Gulf Air for customisable credit card rewards
ila Bank, a leading digital bank in the Middle East, has announced a strategic partnership with Gulf Air, the national carrier of the Kingdom of Bahrain. This collaboration aims to offer customers a unique and customisable credit card rewards program, providing an exceptional travel experience for frequent flyers. Flexible and personalised rewards The partnership between…
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Central Bank publishes new Pix Automatic operating rules
The Central Bank has recently announced the publication of the new Pix Automatic operating rules, which aim to enhance the efficiency and safety of instant payment transactions through the Pix system. Pix Automatic is a groundbreaking service that allows users to schedule recurring payments, creating a seamless and convenient experience for individuals and businesses alike.…
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Hong Kong allocated USD 25.6 bln for fintech and AI
Hong Kong Allocated USD 25.6 Billion for Fintech and AI Hong Kong, being a global financial hub, has recently made a significant move towards strengthening its position in the fintech and artificial intelligence (AI) sectors. The government has announced a staggering budget allocation of USD 25.6 billion to boost innovation and development in these areas.…
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ClearBank partners Thistle Initiatives
Introduction ClearBank, the UK’s first clearing bank in more than 250 years, has announced its recent partnership with compliance consultancy firm, Thistle Initiatives. This strategic collaboration aims to reinforce ClearBank’s commitment to providing innovative, secure and compliant financial services to its customers. About ClearBank ClearBank, established in 2015, is a pioneer in clearing services…
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Trovata partners with the National Australia Bank
Trovata Partners with the National Australia Bank Trovata, a leading financial technology company, is excited to announce its partnership with the National Australia Bank. This collaboration will undoubtedly revolutionize the banking industry in Australia. Trovata’s innovative solutions in financial technology combined with the robust platform of the National Australia Bank will lead to enhanced offerings…
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BankDhofar partners with Diebold Nixdorf
BankDhofar, one of Oman’s leading financial institutions, has announced a partnership with Diebold Nixdorf, a global leader in driving connected commerce. The collaboration aims to enhance the banking experience for customers and drive digital transformation in the financial sector. Diebold Nixdorf will provide BankDhofar with cutting-edge technologies to optimize the bank’s operations, increase efficiency,…
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Beacon Platform partners with ActiveViam
We are excited to announce the strategic partnership between Beacon Platform and ActiveViam, two leading providers in the financial technology industry. This collaboration aims to combine the expertise and offerings of both companies to deliver enhanced solutions for our clients and create new opportunities within the market. Beacon Platform is a cutting-edge technology company…
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FintechOS updates its fintech enablement platform
FintechOS, a leading fintech software provider, has recently announced updates to its flagship fintech enablement platform – a move that is set to transform the financial industry’s digital landscape. Empowering Financial Institutions The updated fintech enablement platform from FintechOS empowers financial institutions to accelerate their digital transformation initiatives. With the rapid advancements in technology and…
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UK regulators propose oversight for financial third parties
UK Regulators Propose Oversight for Financial Third Parties In an effort to strengthen the financial system and ensure consumer protection, UK regulators have proposed a new framework for the oversight of financial third parties. This comes as a response to the growing influence and importance of these intermediaries in the financial sector. The…
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Moody’s launches Moody’s Research Assistant
Moody’s, one of the world’s leading financial rating agencies, has just unveiled its latest innovative tool: Moody’s Research Assistant. This advanced platform aims to revolutionize the way investors and financial analysts access and interpret data and research provided by Moody’s extensive network of experts and economists. With Moody’s Research Assistant, users…
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Mastercard partners with Brim Financial
Mastercard, a global payment technology company, has announced a strategic partnership with Brim Financial, a leading Canadian fintech company. This partnership aims to enhance digital payment solutions and bring innovative financial services to customers. Brim Financial is widely recognized for its next-generation credit cards and mobile app, providing consumers with personalized financial management tools. With…
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PwC partners with Engine by Starling
London, September 15, 2022 – PwC, one of the world’s largest professional services networks, has announced its strategic partnership with Engine by Starling, a leading technological innovation firm. This collaboration aims to bring together PwC’s extensive industry expertise and Engine by Starling’s cutting-edge technological solutions to help businesses transform digitally in an ever-changing landscape. PwC’s…
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Pidgin partners with Modern Banking Systems
In a groundbreaking move, Pidgin, the popular messaging platform, has announced its partnership with Modern Banking Systems. This collaboration aims to revolutionize the way individuals and businesses interact with their financial institutions, as well as enhance the overall banking experience. Streamlining Banking Communication Through this partnership, Pidgin will integrate its user-friendly chat interface with Modern…
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FICO expands its Cloud Platform in India
Global analytics software firm, FICO, has announced the expansion of its Cloud Platform services in India, aiming to meet the growing demands of businesses in the region for advanced analytics and decision management solutions. The expansion of FICO’s Cloud Platform is in response to the increasing need for organizations to leverage data-driven insights, automate decision-making…
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Yaspa integrates instant deposits for Casino Lugano customers
Good news for enthusiastic gamblers at Casino Lugano! Yaspa, a leading financial technology company, is now integrating an instant deposit feature for seamless and hassle-free transactions. This latest development will greatly enhance the overall gaming experience for all the customers at the renowned Casino Lugano. With this integration, Casino Lugano customers will no longer have…
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Trade Republic secures full banking licence from ECB
Date: January 14, 2023 Trade Republic, a leading European neobroker, has announced that it has successfully obtained a full banking licence from the European Central Bank (ECB). This major milestone allows Trade Republic to expand its services and offer a wider range of financial products to its customers. This banking licence greases Trade Republic’s wheels…