UK Expects to be Nearly Cashless by 2024 as Use of Digital Payments Accelerates, New Worldpay From FIS Report Finds

• 4 years 10 months ago
• Payments, Financial

The use of cash in the UK has significantly reduced, with the COVID-19 pandemic fueling a shift in consumer payment preferences, according to a new report recently released by financial technology leader FIS® (NYSE: FIS).

Market Cap of Europe's Largest Banks Jumped by 30% in Six Months and Hit $438B

• 4 years 10 months ago
• Banking

The year 2020 was a challenging year for the European banking sector, with many of Europe's largest financial institutions coping much worse with the crisis than their US peers. However, the last few months have witnessed a significant recovery, with the market cap of Europe's largest banks reaching almost pre-pandemic levels. According to data presented by BuyShares.co.uk, the combined market capitalization of the largest banks in Europe jumped...

CaixaBank Implements a New Technology Platform in its ATMs to Offer the Same User Experience as Mobile and Web Online Banking

• 4 years 10 months ago
• Banking, Online Banking

• The ATMNow project makes CaixaBank the world's first bank to offer a fully omni-channel experience, with the same quality, image and service on all its digital channels.  • The bank plans to adapt its 9,000 ATMs to the new system by the end of July. 

New Survey Indicates UK Businesses are on The Road To Recovery With Plans to Step Up B2B Spending to Drive Growth

• 4 years 10 months ago
• Payments, Consultancy

Today, American Express unveiled the Global Business Spend Indicator (GBSI), its new survey of global businesses conducted with the Centre for Business and Economic Research (CEBR)[1]. 

Klarna’s Influencer Council Releases Influencer Marketing Whitepaper to Provide Greater Clarity on Advertising Guidelines

• 4 years 10 months ago
• Payments

Klarna, the leading global payments and shopping service, and its industry-wide Influencer Council, have released their Influencer Marketing Whitepaper to serve as a guide for influencers and brands to advertise online responsibly.

Bittrex Global Partners with Emerchantpay to Enhance their Payment Offering

• 4 years 10 months ago
• Payments, Credit Cards, Cryptocurrencies

emerchantpay, a global payment service provider, and leading cryptocurrency exchange platform Bittrex Global, have today announced a partnership that enables customers to purchase digital assets instantly usin

Wise Brings Pioneering International Money Transfer Service to India

• 4 years 10 months ago
• Money Transfers

Wise, a global technology company building the best way to move and manage money internationally, announced the launch of its low-cost and fast international money transfers from India today. With this launch, Indians will be able to send money from the country to 44 countries globally, including the UK, US, Singapore, Malaysia, UAE, and countries in the Eurozone. The service is available across Android, iOS, and the web. At launch, Wise’s...

Temenos Accelerates Banking Innovation for SMEs With the Launch of Temenos Virtual COO at TCF Online 2021

• 4 years 10 months ago
• Payments, Banking, Core Banking

SMEs make up 95% of businesses in many countries, and yet they are consistently underserved by banks around the world. Temenos and Canadian Western Bank (CWB) have innovated together to develop an Explainable AI-driven (XAI) solution, Temenos Virtual COO. Following TCF Online 2021, Temenos, the banking software company, announces that it has launched Temenos Virtual COO globally.

Operator Messaging Revenue to Reach $88 Billion Globally by 2025, Despite SMS Revenue Decline

• 4 years 10 months ago
• Data, Consultancy

NFU Mutual Selects Invest|Pro from Financial Risk Solutions to Support Investment Administration of its Life Insurance Business

• 4 years 10 months ago
• Investment, Financial, Technical, Insurance

Financial Risk Solutions (FRS), a leading provider of investment administration software to life and pensions companies worldwide, today announced NFU Mutual has selected Invest|ProTM to support the investment administration of its GBP 6 billion unitised life insurance business.

Mohammed Kateeb, Winner of the Financial Services Technology Leadership Award 2021

• 4 years 10 months ago
• People Moves

Path Solutions is thrilled to announce that the company’s Group Chairman & CEO, Mohammed Kateeb has been recently recognized for his achievements and thought leadership in the fintech sector, winning the ‘Financial Services Technology Leadership Award’ at the MEA Finance Banking Technology Awards 2021.

Global IT Spending to Hit Over $4B in 2021, Software and Cloud-Based Projects to Account for 50% of Total IT Budgets

• 4 years 10 months ago
• Cloud

Although the COVID-19 did reduce global IT spending last year, many companies were still forced to increase their IT budgets to adapt to new operational requirements and set up their employees to work from home.

21Shares Chooses CryptoCompare For Crypto Data Services To Expand Market Participation

• 4 years 10 months ago
• Asset Management, Data

21Shares, the pioneering Swiss Crypto ETP issuer, has chosen CryptoCompare, the digital asset market data specialist, to provide settlement pricing for all of its single asset ETP data effective June 1st 2021. The daily delivery of high-quality data to the market to 21Shares’ stakeholders is paramount to ensuring market participants can correctly price with confidence the liquidity profiles investors demand in actively growing crypto markets.

LenDenClub Launches InstaMoney Plus - First P2P Platform to Offer Digital Credit Card and UPI

• 4 years 10 months ago
• Lending, Payments

LenDenClub, India's largest peer-to-peer lending platform, has launched ‘InstaMoney Plus’ to its customers. It gives premium advantages to customers, such as first of its kind Digital Credit Line, Digital Credit Card along with UPI to offer easy access to credit across both online and offline platforms. With its latest feature, users can make payments, shop online or pay at any retail stores.

Saxo Bank Becomes First Bank to Earn a Cloud Security Alliance (CSA) STAR Level 2 for Its Investment Infrastructure as a Service Offering

• 4 years 10 months ago
• Banking, Cloud, Security

Saxo Bank becomes the first bank in the world to earn the Cloud Security Alliance STAR Level 2 Attestation and Trusted Cloud Provider accreditation. It is a clear testament to the bank’s successful technology transformation journey.