Unit, the New York-based banking-as-a-service platform (BaaS), has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to offer their customers an easy, seamless way to fulfill both domestic and international banking needs.

Unit is a banking-as-a-service platform that empowers companies to embed banking features into their product to build and launch next-generation bank accounts, cards, payments, and lending products.

Despite growing up with the digital revolution, younger people want online banking to form a range of services rather than replace human interaction completely, according to a new survey.

Prior to the pandemic, internet banking was already an integral part of banking for many, but during the pandemic, customers moved online in considerably larger numbers.  In the past year we have seen a significant boost to the digitalisation of banking due to COVID-19. 

Summary: New Zealand’s Dollar, referred by FX traders as the Kiwi, had its wings clipped after the RBNZ raised rates by 25 basis points. The move was widely expected, and coupled with a firmer US Dollar, the Kiwi tumbled to 0.6870, from 0.6952, a loss of 1.17%. Earlier in Asian trade, the NZD/USD pair hit a high at 0.6956 following the RBNZ’s move to raise the Official Cash Rate to 0.75% from 0.50%. RBNZ Governor Adrian Orr said that it would better for the bank to take small steps when raising the OCR to observe the development of the economy.

Q&A with Anurag Bhatia, Senior Vice President and Head of Europe at Mphasis

Do you see real time data as a priority for organisations looking to boost cost and operational efficiencies?

TrueLayer, Europe’s leading open banking platform, today announced its collaboration with innovative Spanish broker Ninety Nine to deliver an improved investor experience using open banking payments.

 BSO, a global pioneering infrastructure and connectivity provider, has announced that it is now listed in the OVHcloud partner directory as an Advanced Partner for its expertise in cloud managed services.

BSO joins fellow Advanced Partners in managed services including ViRSO, Certilience and Irontec. The partnership programme is designed to better support the digital transformation of organisations by facilitating access, knowledge, product training and technical support. The programme enables every member organisation to innovate with the next generation of cloud solutions.

We welcome this proposal by Niti Aayog as the need of the hour. It's not geographical presence, but an agile technical stack and robust security technology that will help redefine banking for the underserved segment, and this idea if brought into action will enable us (fintechs) to take financial services to a larger set of population in a secure and compliant manner. India indeed has a huge scope, potential and appetite for open banking, developing open API platforms will help banking services and benefits reach a larger section of people.

• LIST’s trading infrastructure solutions increase connectivity options for Spectrum members
• Collaboration will focus on access for brokers, followed by market makers
• Latest in a series of agreements to expand ecosystem of local technology partners

Spectrum Markets, the pan-European trading venue for securitised derivatives, has announced a new partnership with international trading solutions specialist LIST that will make it even more straightforward for new members to connect to Spectrum.