Frollo has launched a campaign for the mutual bank sector on Building the Bank of the Future with Open Data.

Customer-owned banks are ideally placed to benefit from the consumer data right (CDR). Frollo has created a content series to show a path forward for mutuals that want to either understand how to get started or how they can best utilise the Open Data opportunities to further improve their customer outcomes and future-proof their businesses.

According to the Australian Banking Association, of the 2.6 million businesses in Australia, the majority (98%) are small and medium enterprises (SMEs). As the sector accelerates in 2023, it also suffers from an increase in the cost of goods and services, leading to rising inflation and unemployment rates. In this scenario, entrepreneurs are eager for help.

Engage, the community banking platform has partnered with 10 credit unions to deliver its Faster Payments service which in turn provides quicker payments for nearly 100,000 members. The bulk faster payments process empowers credit unions to send money to their members in near real-time, instead of traditional BACS or CHAPS payments which typically take around three days to complete.

African mobility startup, Moove, renowned for providing revenue-based vehicle financing to mobility entrepreneurs and democratising vehicle ownership across Africa, has procured funding of $8m from Absa Corporate and Investment Banking.

This move is a stride towards expanding its vehicle fleet in Ghana, according to a report from Tekedia.

In the not-too-distant future, we’ll all be spending more time in an immersive, virtual world known as the metaverse. It feels that we’re on the cusp of a revolution in how we shop, socialise, attend meetings, travel, relax, and watch movies. The possibilities are near endless.

Baker Hill, a leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, has launched its newest offering, Baker Hill NextGen® Accelerate, a preconfigured version of their award-winning Baker Hill NextGen® commercial loan origination system (LOS), which features robust and scalable digital capabilities designed for rapi

E-commerce fraud is growing fast and financially impacting businesses across the globe, according to new research from Ravelin.

Sumsub, a global full-cycle verification platform, is honoured to announce its membership in The Payments Association. This milestone highlights Sumsub's ongoing commitment to enhancing compliance measures and offering best-in-class solutions in the vibrant payments ecosystem.

Zafin, the leading provider of SaaS product and pricing platform solutions for banks, is proud to announce it has won the 2023 Microsoft Canada ISV Impact Award. These annual Canadian awards recognize Microsoft partners who have enhanced the lives of Canadians by championing diversity and inclusion, provided exceptional customer service, and embraced digital transformation utilizing Microsoft technology.

One in six (16%) asset and wealth managers globally are expected to be swallowed up or fall by the wayside by 2027, twice the historical rate of turnover, according to PwC's 2023 Global Asset and Wealth Management Survey, published today.