Hakbah, an alternative financial saving platform based in Riyadh, Saudi Arabia, today announced that it has joined Visa’s Fintech Fast Track program. Through the Fast Track program, Hakbah is now able to expand its innovation around alternative financial savings to accelerate financial inclusion, cashless adoption, and launch new services and products for underbanked individuals supported by Visa’s solutions.

Amana Bank, a leading Islamic bank in Somalia today announced that it has selected iMAL, the AAOIFI-certified core banking platform from Path Solutions to replace its legacy IT system and deploy a single, cloud-based digital banking platform to underpin its banking operations.

Refinitiv today announced a strategic agreement with Trading Central for the provision of Reuters digital news and Refinitiv analytics capabilities to disruptive news portal, TC Market Buzz. 

TC Market Buzz is a news curation application for Wealth Management firms helping to modernize and differentiate digital investor portals by tackling information overload and focusing on the delivery of a consolidated view of news trends beyond the noise. 

UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the countries saw increases in card fraud losses in 2019 according to the report, based on data from Euromonitor International and UK Finance.

Lockdown has presented a huge opportunity for the banking industry. The sector has been forced to modernise its IT infrastructure to cope with the ‘new normal’ and in doing so, has made more progress in its digital transformation journey in the last six months than it has in five years.  

The last six months have presented the banking industry with challenges never before seen in our lifetime.

Paragon Bank has procured business onboarding and automated due diligence technology services from RegTech firm, TruNarrative. The decision follows Paragon Bank’s recent approval from the British Business Bank, enabling Paragon to deliver bounce back loans to SMEs coping with the Covid-19 economic situation.

Nexi, the leading Italian PayTech in digital payments, signs a partnership with Meniga, the world's leading fintech in the development of personal & business financial management solutions.

Tesco Bank is to become the first UK bank to introduce new technology that allows its 2.6 million credit card customers to more easily manage and pay their balance.

The ‘Pay by Bank’ facility will be provided by Tesco Bank and enabled by Mastercard’s Open Banking Connect™ service.  It allows Mobile and Online credit card customers to make payments directly from their current account via electronic payment services.

MYHSM, the global provider of cloud-based Payment Hardware Security Modules (HSM) as a Service today announces its partnership with Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions. Together, the companies are enabling payment providers to deploy Cloud-based infrastructure that aids growth, innovation, and success.