Market News

HSBC and Walmart have announced the roll-out of a sustainable supply chain finance programme that pegs a supplier’s financing rate to its sustainability performance. This global programme allows Walmart’s suppliers who demonstrate progress in Walmart’s Project Gigaton or Sustainability Index Program to apply for improved financing from HSBC based on their sustainability ratings. Project Gigaton […]Read More

South African financial services and credit provider, Ithala SOC Limited, has selected Intellect Design Arena’s Digital Core solution with an aim to enhance customer satisfaction, simplify operations and deliver an upgraded digital banking experience. Ithala plans to expand its offerings to niche developmental customer segments, focusing on the underbanked population. Danny Zandamela, CEO, Ithala SOC […]Read More

US-based payments infrastructure company Stripe has acquired a Dublin-based tech company called Touchtech Payments. It has also introduced a series of updates to its product stack for its businesses across Europe. Stripe’s new products are aimed at assisting merchants to implement SCA-ready authentication methods to their checkout page and dynamically trigger SCA when required. Strong Customer […]Read More

Fiserv Inc. has announced that the New York-based NBT Bancorp Inc, the parent company of NBT Bank, has selected Fiserv’s Architect with an aim to deliver a customized digital banking experience across online, mobile and tablet devices. The platform’s software development kit (SDK) will facilitate the creation of tailored offerings for respective customers and will enable […]Read More

Sopra Banking Software, a subsidiary of Sopra Steria Group, has unveiled a software(its third digital wallet) that will facilitate banks to roll out the market’s digital wallets and assist them with their digital transformation. Jean-Charles Ricomini, payments expert at Sopra Banking Software, added, “We are supporting our customers with their digital initiatives; today, with initiatives […]Read More

CYBAVO’s institutional wallet CYBAVO VAULT will gain the highest available levels of protection thanks to a new partnership agreement between CYBAVO and Sepior. The new agreement allows Sepior’s private key protection technology to be integrated into the CYBAVO wallet. CYBAVO VAULT now offers cryptocurrency exchanges, asset managers, custodians and other blockchain-enabled companies a fully-featured institutional […]Read More

NatWest has announced the launch of a new biometric payment approval feature, which allows business and commercial banking customers to make payments of any size through their Bankline Mobile app using Face ID or Touch ID, without the need for a card reader – a UK banking first. The new feature also allows businesses to […]Read More

Ameen Al Iraq Islamic Bank has selected Path Solutions’ iMAL Islamic core banking platform for its new digital bank in Iraq. Kamal Suhail Abdulla, Chief Executive Officer, Ameen Al-Iraq Islamic Bank for Investment and Finance, said, “Our ambition is to quickly become a true banking partner for individuals, professionals and businesses, particularly through an equitable, […]Read More

My article last month talked about the immense value accelerators are adding to the fintech industry globally, not only in terms of capital but also in terms of infrastructure and ecosystem creation. If you remember, I also spoke briefly about the massive Gulf (GCC) opportunity where I also mentioned IBS Intelligence’s new FinTech Lab in […]Read More

Wirecard has announced an expansion of its partnership with the telecommunications provider O2 Czech Republic in a bid to provide their enhanced mPOS(mobile Point-of-sale) project to a wider group of merchants across Europe. The two companies are expanding their scopes to Slovakia, aiming to assist retailers to comply with upcoming changes in the fiscal laws. […]Read More

Refinitiv has announced the introduction of real-time coverage for the BRVM (Bourse Régionale des Valeurs Mobilières) for equity and fixed income markets. The BRVM is the regional stock market for WAEMU’s (West African Economic and Monetary Union) eight member states including Senegal, Niger, Ivory Coast and more. Dr. Edoh Kossi Amenounve, Chief Executive Officer of […]Read More

Accuity, a financial crime compliance, payments and KYC solutions provider, has announced its AI-driven account screening capability, ‘Firco Automated Alert Reduction’. The solution, as the supplier states, aims to increase the accuracy level in detecting and evaluating screening matches during the KYC process. The module will be able to integrate with the WorldCompliance data in […]Read More

Capital Bank of Jordan (CBoJ) has partnered with BackBase, provider of omnichannel digital banking platform with an aim to digitally transform its institutional and retail banking platforms. The supplier states that in order to achieve its transformation goal and sustain in the digitally emerging markets, Backbase 6 and its IAM capabilities is expected to provide the […]Read More

Prudential Co-operative Credit Union, of Barbados, has become the first customer to sign up for iFinancial’s product range on Microsoft Azure. iFinancial is working together with their local partner – Global Integrated Fintech Solutions (GIFTs) – who signed the deal. Prudential’s decision to install the software is the first step in the transition from their […]Read More

Unreliable communication platforms are undermining productivity and collaboration in the financial services sector with an overwhelming majority (76 per cent) of staff claiming their ability to share their screen or content during a call could be significantly improved. This is according to a recent survey from StarLeaf, conducted by Vanson Bourne, which highlights that although improving productivity is one […]Read More