HSBC has expanded its Tokenised Deposit Service (TDS), an innovative blockchain-based solution that allows corporate clients to securely move currencies in real-time with instant 24/7 settlement, to support cross-border transactions. In September, the service completed its first USD cross-border transaction between Hong Kong and Singapore, to optimise treasury management for Ant International, the solution’s pioneer customer.
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ISX Financial EU Plc (ISXX), a regulated Electronic Money Institution provider of transactional banking and real-time payments technology across Europe and the UK, today announced the renewal of its sponsorship agreement with APOEL FC, extending the partnership for both 2025-2026 and the 2026–2027 seasons.
United Arab Bank (UAB), one of the UAE’s oldest homegrown banks, has partnered with the ENTERTAINER, the leading lifestyle savings app in the region, to offer complimentary 12-month membership with its new Credit Cards.
VersaBank, a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced it has implemented new, internally developed, state-of-the-art artificial intelligence (AI) capabilities within its proprietary core banking technology. The new AI capabilities enable VersaBank to now actively monitor the entirety of its Receivable Purchase Program (RPP) portfolio continuously in real time, further enhancing its already low-risk credit asset model. The Bank is developing innovative new financing options
The British Business Bank has agreed an ENABLE Guarantee with finance provider 4Syte, supporting a facility of up to £100m. The transaction will unlock additional capacity, increasing 4Syte’s invoice finance and asset-based lending to smaller UK businesses.
The British Business Bank is guaranteeing a portion of the funding, which is provided by NatWest Bank, and will help to support a doubling of the existing funding facility.
Paysafe, a leading payments platform, today announced its new partnership with CMC Markets, a global provider of online trading and investment services.
TerraPay, a global money movement company, announced a strategic partnership with D360 Bank, the innovative Saudi Sharia-compliant digital bank, to power inbound money movement into the Kingdom of Saudi Arabia (KSA).
Telr, the award-winning online payment gateway, is proud to announce a strategic partnership with Kema, a UAE-based fintech platform offering a SaaS solution designed to help B2B SMEs optimize and automate their cash flow processes across the region. This collaboration combines Telr’s comprehensive payment solutions with Kema’s agile platform, empowering merchants to build and scale world-class payment experiences with just a few clicks.
Ahead of the one-year anniversary of the FCA’s Cash Access regulatory regime on 18th September 2024, NCR Atleos, the UK’s largest ATM operator and a leading provider of shared banking services, anonymously surveyed the public through an On Screen Questionnaire at 7,334 ATMs nationwide. The findings highlight the importance of cash in a time of financial strain: the FCA’s Financial Lives 2024 report revealed that 13.1 million adults have low financial resilience.