Come Clean: Wise Demands Banks Reveal FX Markups - as Hidden Fees Lead Frustrated Brits to Lose Faith in Banks
- 3 months 1 week ago
- Transaction Banking
Barely a fifth of Brits trust their bank to give them a fair deal, a situation exacerbated by hidden FX fee markups, according to new research by Wise, the international money account. New research shows that major UK high street banks charge a hidden fee in its exchange rate*. HSBC charges the highest, with a 3.7% hidden markup. The bank recently launched Zing, a new product that is transparent about its fees - but HSBC does not offer this... more
LHV Savings Account Now Allows You to Save Up Flexibly
- 3 months 1 week ago
- Cash management
LHV Pank has launched a Savings Account solution that makes saving up even more convenient and flexible. LHV will pay 2% interest on the funds deposited into the Savings Account, and funds from the account can be withdrawn at any time.
VOXI Provides Customers Free Access to Moneyhub’s Financial Management App
- 3 months 1 week ago
- Management, Financial
VOXI by Vodafone has expanded its partnership with Moneyhub, the award-winning top global fintech, to offer customers 12 months of free access to its financial wellness app.
Synpulse and Instinct Digital Announce Strategic Collaboration to Enhance Digital Transformation for Asset and Investment Managers
- 3 months 1 week ago
- Management
Synpulse, a leading management consultancy specializing in the financial services industry, and Instinct Digital, a cutting-edge technology product company focused on digital-first investment communication platforms, have formed a strategic partnership.
Assisted Self-Service Terminals are Helping Banks Optimise Their Physical Networks
- 3 months 1 week ago
- Transaction Banking
The number of Assisted Self-Service Terminals (ASSTs) installed both inside and outside branches worldwide continues to see double-digit growth. These devices are instrumental in migrating transactions away from the teller line and extending access both in terms of service hours and geographic reach Banks seek to “do more with less” as the number of branches worldwide declines
Payhawk and Astrid & Miyu Collaborate to Celebrate Entrepreneurs and Improve Spend Management
- 3 months 1 week ago
- Management
Payhawk, and contemporary jewellery brand Astrid & Miyu
Trade Republic Celebrates its 5th Birthday with 4 Million Customers and Introduces a New Card with a 1 Percent Saveback Reward for Every Card Payment
- 3 months 2 weeks ago
- Management
Five years after launch, Trade Republic has grown to Europe’s largest broker and leading savings platform. Currently, 4 million customers in 17 countries invest with Trade Republic, managing assets of around 35 billion euros. While passing ECB interest rates of currently 4 percent p.a. to customers, Trade Republic closed its financial and calendar year in 2023 with a net profit.
Hitachi Payment Services Completes Acquisition of Writer Corporation’s Cash Management Business
- 3 months 2 weeks ago
- Cash management
Hitachi Payment Services, India’s leading end-to-end payments and commerce solutions provider, today announced that it has completed its acquisition of Writer Corporation’s Cash Management Business and unveiled its new name – Hitachi Cash Management Services, in line with Hitachi’s single brand identity. Hitachi Cash Management Services Pvt. Ltd. would be a wholly owned subsidiary of Hitachi Payment Services Pvt. Ltd.
Bitso Business Enabled US$8 Billion Payment Transactions in 2023
- 4 months 1 week ago
- Transaction Banking
Bitso, the leading financial services company powered by crypto in Latin America, announced that during 2023 reached a 60% growth in its operation of the Bitso Business division, which reached an annualized volume of 8 billion dollars globally. Over the past year, 1,700 institutional clients traded at least once a month through Bitso. Such organizations use Bitso payment rails and blockchain-based technology for mass pay-ins and pay-outs to... more
FOMO Pay and Zand Bank Partner to Facilitate Cross-border Payments, Enhancing Financial Connectivity Between Asia and MENA
- 4 months 2 weeks ago
- Transaction Banking
FOMO Pay, a Singapore-based digital payment leader, has joined forces with Zand Bank, the UAE's first digital bank, in a strategic partnership to facilitate seamless cross-border payments between the dynamic markets of Asia and the Middle East and North Africa (MENA).
LHV Bank Joins Flagstone for its Personal Savings Products
- 4 months 3 weeks ago
- Personal Finance, Cash management
LHV Bank, one of the UK's newest licensed banks, has announced that its Personal Savings products are now available on Flagstone, the UK’s leading cash deposit platform. Both organisations share a like-minded digital-first heritage, with a clear focus on delivering a streamlined and accessible customer experience. The Flagstone platform will be a key channel to market for LHV Bank ahead of the planned launch of its consumer savings offering via... more
61% of Brazilians That Travel Abroad Still Use Cash
- 4 months 3 weeks ago
- Cash management
Revolut, a global financial app with over 35 million customers around the world, identified that 61% of Brazilians who travel abroad still use cash and buy foreign currency in exchange brokers. The information is part of a study developed by the company to understand the behaviors of Brazilian travelers when it comes to financial products for international travel.
ASDA Expands Use of NCR Atleos ATMs to Enable Convenient In-Store Cash Access
- 5 months 2 hours ago
- Cash management, ATMs
NCR Atleos Corporation (“Atleos”), a leader in expanding financial access for financial institutions, retailers, and consumers, today announced that Asda Stores Limited (ASDA), a leading U.K.-based retailer, has selected Atleos as its ATM network partner to provide its shoppers with easy, secure access to c
Cashflows Advance Launches to Meet Demand for Flexible, Fixed-fee Business Funding
- 5 months 4 days ago
- Cash management
Today, Cashflows, the platform that makes it easy for businesses to accept payments, launches Cashflows Advance – a new service that enables eligible merchants to access frictionless funding without the fixed monthly repayments of traditional funding.
Coincover and Utila Partner to Enhance Crypto Asset Management
- 5 months 5 days ago
- Management
Coincover, the blockchain protection company, has joined forces with Utila, a cutting-edge enterprise-grade crypto operations platform. This strategic partnership brings together Coincover’s renowned protection solutions and Utila’s secure, non-custodial wallet infrastructure.
