Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of its first deposit account, for retail savers.

The FSCS protected accounts will offer a 1.49% rate of interest, fixed for 12 months. Accounts can be opened online and managed through the bank’s internet banking platform and secure messaging service.

Lithuanian EMI SatchelPay has announced a partnership with AMLYZE, a financial crime prevention platform also based out of Lithuania, aimed at proactively dealing with regulatory compliance and improving the online banking platform’s security.

After the Bank of Lithuania moved to resume all of SatchelPay’s services in November of 2019, the fintech firm has shown itself eager to establish a more evolved institutional paradigm, conducive to growth and in tune with industry projections.

As charities around the world are feeling the unprecedented pressure caused by COVID-19, the UK charity sector is expected to lose over £4 billion in the upcoming weeks and months due to fundraising events being cancelled and places of worship closing their doors. In these uncertain times, mobile technology is enabling charities to collect donations remotely.

ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software.

OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries.

Meniga (www.meniga.com), a leading provider of digital banking technology, has partnered with global banking and financial services company, UniCredit, to launch an enhanced version of the popular Smart Banking app in the Czech Republic.

The development of the new Smart Banking app follows Meniga’s and UniCredit’s collaboration on the successful launch of the Mbanking app, in Serbia in 2019.

Today, a new report by Klarna, the leading global payments provider enabling over seven million consumers in the UK to pay later in store and online, analyses the psyche of consumer purchasing habits and what retailers can do to stay relevant in a post COVID-19 world.

Qadre, a high-growth fintech trusted by leading institutions to deliver certainty with blockchain technology, today launched its new brand that aims to demystify blockchain and drive increased understanding and practical applications of the technology in financial markets.

Big question. Let’s break this down. Let’s start with “What is Escrow?” then move on to “What is Infrastructure as a service?” and finally we’ll discuss how the combination of the two is going to revolutionise the way transactions are made - especially in markets like construction and delivery where in 5 years time it will be the standard way to pay and protect yourself. 

MYPINPAD (“MPP”), the global leader in secure personal authentication for payment solutions, has achieved Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Android software-based PIN entry on a Commercial off-the-shelf (SPoC) solution –the first software only Android SPoC solution that does not rely on any hardware-based security.