You Can No Longer ‘Bank’ on Customer Loyalty—Nine in Ten Brits Have Accounts with Two or More Banks

• 2 months 2 weeks ago
• Banking

New research on the British public’s opinion on banks has found that Brits are unlikely to remain loyal to one bank. The study, conducted by UserTesting, a SaaS leader in experience research and insights, found that 90% of Brits now have accounts with multiple banks. 

‘Core Technology Holding Us Back,’ Say 55% of Banks—New 10x Banking Research Reveals

• 2 months 2 weeks ago
• Banking

10x Banking, the cloud-native core banking platform, has revealed the results of its new research report ‘Core Banking without Compromise’—an in-depth study of over 200 senior IT decision-makers' attitudes towards their current technology estates and the choices they will need to make for effective future transformation.

Fabrick and TerraPay Partner to Innovate Cross-Border Payments in Europe

• 2 months 2 weeks ago
• Payments

Fabrick, an Open Finance operating company is expanding its geographical footprint by partnering with TerraPay, a company simplifying global money movement. Initially focused on the Italian market, this partnership will enable businesses to access a unified platform that streamlines payment processes, reduce operational costs, and ensure compliance with regulatory requirements.

Ozone API Updates UK Open Banking Model Bank for Open Banking Limited to Reflect v4.0 of the Open Banking Standard

• 2 months 2 weeks ago
• Open Banking

Ozone API, a global leader in open banking technology, today provided OBL with an updated UK open banking model bank in its role as the model bank provider for Open Banking Limited (OBL). The company has successfully updated the model bank to support the rollout of the UK's latest open banking standards, known as Open Banking Standards v4.0.

Iliad Solutions Renews Payments Testing Contract with Butterfield

• 2 months 2 weeks ago
• Payments

Iliad Solutions today announces it has renewed a multi-year agreement with Butterfield, the leading, independent bank and trust company headquartered in Hamilton, Bermuda.

Qonto Appoints Natalia Williams as CPO to Drive Innovation and Product-Led Growth

• 2 months 2 weeks ago
• People Moves

Qonto, the leading European business finance solution for SMEs and freelancers, today announces the appointment of its new Chief Product Officer, Natalia Williams. 

Paysafe Joins the MyBank Ecosystem

• 2 months 2 weeks ago
• Payments

MyBank, the widely used account-to-account (A2A) payment method enabling individuals, companies and public authorities to make and receive payments directly through their online banking portal/app is announcing a new partnership with leading payments platform Paysafe. 

Trustly Appoints Adam Miller as Group CFO to Drive Ambitious Growth

• 2 months 2 weeks ago
• People Moves

Trustly, the global leader in open banking payments, is excited to announce the appointment of Adam Miller as its new Group Chief Financial Officer (CFO). Based in Stockholm, Adam joins Trustly from Deliveroo, where he served as CFO for over two years, successfully leading the company through its 2021 London Stock Exchange listing and navigating significant growth during the pandemic. 

Cashflows Brings Mastercard Click to Pay to UK Businesses

• 2 months 2 weeks ago
• Payments

CoreFirst Bank & Trust Selects NCR Atleos to Expand Financial Access for Customers

• 2 months 2 weeks ago
• Banking

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that $1.2 billion-asset CoreFirst Bank & Trust has selected Atleos’ Allpoint Network to provide wider, more convenient access to everyday banking transactions for its customers.

Only 20% of Americans Leverage High-Yield Savings Accounts to Save Money, According to New Plinqit Report

• 2 months 2 weeks ago
• Personal Finance

Plinqit, an award-winning provider of high-yield and automated savings software solutions that enable financial institutions to grow deposits, attract new customers and expand their retail footprint, found that a checking account is the most common way Americans save, as 48% say they use this type of account to save money.

BLIK Registered in Romania

• 2 months 2 weeks ago
• Payments

BLIK Romania, registered in Bucharest, has obtained authorization for the operation of the BLIK payment system. This decision will enable the development of this system in local currency (RON) and open it to Romanian payment service providers. As a first step, the operator plans to focus on the development of payments in the e-commerce channel, thus responding to the dynamic growth of the online sector in Romania.

Chimney Collaborates with Jack Henry to Revolutionize How Financial Institutions Engage with Homeowners

• 2 months 2 weeks ago
• Infrastructure

Chimney™, a fintech company transforming how financial institutions use property data, announced that its product suite, including its newest innovation, Chimney Home, is now accessible through the Jack Henry™ digital banking platform.

ROSHI Report: Digital Lending Market to Hit $795 Billion by 2029

• 2 months 2 weeks ago
• Lending

The report reveals significant growth projections across various sectors of digital lending. AI-powered lending models are expected to enhance credit risk assessment, potentially improving performance by 10-15% compared to traditional models. The global peer-to-peer lending market is projected to surpass US$705.81 billion by 2030, growing at a CAGR of 26.7% from 2022 to 2030.

Almost All Banks Rule Out Guaranteed Full Refunds for APP Fraud Losses

• 2 months 2 weeks ago
• Fraud Detection

New fraud protections have come into effect today (7th October), and the personal finance comparison site