High Street Bank Ramps Up Anti-fraud Efforts as It Registers Under the Contingent Reimbursement Model (Crm) Code
Virgin Money, the UK’s sixth largest bank, is the latest firm to become fully registered to the Contingent Reimbursement Model Code (the CRM Code) – a voluntary standard overseen by the primary self-regulatory body of the financial services industry, the Lending Standards Board (LSB). The CRM Code sets out protections to prevent, detect and mitigate Authorised Push Payment (APP) scams. It also stipulates that firms should reimburse customers who... more
First Sustainable Wallets Launched to Reduce Carbon Emissions from Checkout Payments
- 3 years 4 hours ago
- Banking
HELPFUL, in partnership with Railsbank, has launched digital branded wallets that make checkout payments more affordable for businesses and better for the planet HELPFUL wallets combined with open banking to offer a payment method that can save up to 80% on CO2 emissions from each transaction It's estimated that 75% of all global payment transactions by 2026 will be done by open banking direct payments, with a projected market value of $116b
Lloyds Banking Group and Bink Partner to Create a New Channel for Retailers to Reach Millions of Loyalty Customers
Lloyds Banking Group has entered a strategic partnership with fintech Bink. Together they will transform the way customers of the bank’s retail brands are able to connect with retailers and their reward and loyalty programmes. Bink’s technology links a customer’s payment cards to participating retailers’ loyalty and customer engagement programmes. This ensures customers are identified and rewarded by retailers every time they shop with their... more
PACE Anti-Piracy Raises the Bar in White-Box Encryption Protection for Bank, PSP, and Payment Scheme Applications
- 3 years 4 hours ago
- Banking
Next-gen ‘White-Box Works’ code generator launches complete with EMVCo Software-Based Mobile Payment security evaluation certificate Banks, payment service providers (PSPs), schemes, and other financial institutions can now benefit from a uniquely high level of sensitive data protection and application attack resistance, following today’s launch of White-Box Works, a next-generation EMVCo-evaluated White-Box code generator, from PACE Anti-Piracy...
Payment Platform Cheddar Expands into Open Banking With its Acquisition of Upside
The purchase marks the beginning of Cheddar’s move to grow its offering with open banking innovation
Temenos Named a Leader for 12th Time in Gartner® Magic Quadrant™ for Global Retail Core Banking
- 3 years 6 hours ago
- Transaction Banking, Core Banking
Positioned furthest for ‘completeness of vision’ in the Leaders’ quadrant Temenos, the banking software company, today announced that industry analyst firm Gartner, Inc., recognized Temenos as a Leader for its ability to execute and its completeness of vision in the report ‘Magic Quadrant for Global Retail Core Banking’ (GRCB)*. Temenos achieved the furthest overall position for its completeness of vision based on the company’s market... more
Capital Bank of Jordan launches Blink neobank using Codebase Technologies DigibancTM platform.
- 3 years 7 hours ago
- Digital banking, Banking
Capital Bank of Jordan partnered with Codebase Technologies to build Blink, the first digital-only neobank in Jordan. The project officially commenced in late 2021 and in February 2022, Blink went live for Jordanian customers.
TSB Partners with Farewill to Offer Customers Simple and Affordable Wills and Probate Services
- 3 years 8 hours ago
- Banking
Three in five (over 30 million) UK adults do not currently have a will TSB partners with Farewill to empower customers to take control of their finances and protect their loved ones Customers will be able to write a will in as little as 15 minutes and at a 10 percent discounted rate - half the cost of traditional providers
Equity Investment in Smaller Businesses Doubled in 2021, Finds Latest British Business Bank Research
- 3 years 8 hours ago
- Investment, Banking
̶ Equity investment in smaller businesses surged 130% to £14bn in the first three quarters of 2021 relative to the same period in 2020 (£6.1bn) and on course to double compared to 2020[1] ̶ Bank lending returned to close to pre-pandemic levels, with 2021 lending down 45% from 2020
Banking Competition Remedies Ltd (BCR) publishes progress updates
- 3 years 8 hours ago
- Banking
Pool A, B, C, D & F Capability and Innovation Fund recipients provide quarterly updates on Public Commitments Incentivised Switching Scheme residual funds recipients provide final progress updates on Public Commitments Progress updates for Pool A, B, C, D & F recipients
Comment / UK Visa Concessions for Ukrainians: Zopa Bank to Immediately Sponsor 50 Work Visas Following New Home Office Guidance, Calls on Wider UK Fintech Community to Extend Support
- 3 years 9 hours ago
- Banking
We have been observing with growing alarm and concern the unfolding of a fully-fledged armed conflict in Ukraine.
Objectway Confirmed as Key Partner in Rathbones’ Digital Strategy
- 3 years 1 day ago
- Banking
Objectway, a global top 100 wealth, banking & asset management software provider, has been confirmed as a strategic digital partner to Rathbones according to their recently published 2021 annual statement.
Fintech Ceo: Feds Must Make an Example Out of Bitmex Founders
- 3 years 1 day ago
- Banking
Thursday, the co-founders of BixMex pled guilty to “violating the Bank Secrecy Act by willfully failing to establish, implement, and maintain an anti-money laundering program” at their exchange. The pair will pay a collective $20 million in criminal fines.
FV Bank Launches API to Enable Fintech and Blockchain Businesses to Seamlessly Integrate Banking Automation
- 3 years 1 day ago
- APIs, Blockchain, Banking, FinTech StartUps
FV Bank (www.fvbank.us), the U.S.
Canada Life UK Goes Live with Temenos Multifonds
- 3 years 4 days ago
- Banking
The assurance and pensions firm will administer more than £40 billion of assets on the Temenos fund accounting platform Temenos, the banking software company, today announced that Canada Life UK - a subsidiary of Canada Life Group - has gone live with Temenos Multifonds to support its UK investment accounting operations.
