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The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. This will make the Norwegian krone the fourth currency available for settlement in TIPS, in addition to the euro, the Swedish krona and the Danish krone, which is scheduled to join in April 2025. The inclusion of the Norwegian krone in TIPS, which is part of the Eurosystem’s TARGET Services, is planned for the first half of 2028 and will enable
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MontyPay has been awarded the “Payment Innovation of the Year” accolade at the eCommerce Expo 2024, held in London. MontyPay has been contributing to the payment landscape with cutting-edge solutions that meet the ever-evolving needs of global businesses, which culminated in this prestigious recognition. The eCommerce Awards celebrate excellence and innovation in the online retail space.
Reem Finance , a corporate and retail finance specialist regulated by the UAE Central Bank , has selected Temenos , the composable banking platform, to power a new digital community bank in the United Arab Emirates. Transitioning to a cloud-based solution from Temenos is part of a broader strategy for Reem Finance, as it looks to embrace digital transformation and enhance its service offerings.
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Research from Moneyhub , the Open Banking data and payments platform, has revealed that younger generations are more likely to have been victims of financial fraud than older generations, who have traditionally been seen as the primary target. The research, which surveyed over 2000 people, brings into focus the extent and scale of the issue across the country and across the generations.
cheqd, a decentralised payment and trust infrastructure provider, has announced a strategic partnership with ID Crypt Global, a leading digital identity and security company, to integrate cutting-edge identity and security solutions into Apex Digital Exchange (ADEX), a prominent player in the decentralised finance (DeFi) space. This collaboration is designed to tackle two critical challenges facing the cryptocurrency and DeFi markets: user trust and identity verification.
NORBr , a no-code, omnichannel-ready Payment Infrastructure as a Service (IaaS) provider, has raised €3 million in funding, led by Alstin Capital as the lead investor, with participation from previous round’s lead investor, Portfolion. This capital will support NORBr’s expansion of omnichannel solutions, including advanced features for managing payment terminals, operational efficiency (payops), and compliance, strengthening its offerings to meet the fast-evolving needs of payment operators worl
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Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, today announces a partnership with payment solutions and services provider Secupay to provide asylum seekers with payment cards, enabling them access to financial support from the German Government. By integrating E6’s powerful enterprise-grade card issuance and transaction processing technology, and supported by Visa Ready for Government Disbursements, Secupay can ensure the safe and c
The Clearing House’s Real Time Payments network is seeing growth in adoption and transaction volume as consumers, small- and medium-sized businesses and large enterprises demand instant payment capabilities. Now in its seventh year, the network has 800 banks, reaches 70% of the market and is averaging 1 million transactions per day, Jim Colassano, senior vice […] The post Instant payments ‘really kick up’ during holidays appeared first on Bank Automation News.
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HSBC has lost its appeal against a EUR 31.7 million fine imposed by the European Commission for participating in a cartel to manipulate benchmark Euribor rates.
Asset manager Fidelity International has announced a partnership with Maybank to launch the MAMG Alpha Capital & Income Opportunities fund, a multi-asset fund in Malaysia.
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Renowned luxury jeweller, Fabergé, will be commissioned to create its first-ever Christmas Egg Objet by Konvi, Europe’s leading luxury assets fractional investment platform.
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Starling Bank announces the appointment of Michele Rousseau as its Chief Marketing Officer (CMO) as part of moves to strengthen its leadership team under Group CEO Raman Bhatia. As a member of the bank’s executive committee, Michele will be responsible for driving Starling’s next phase of growth through brand development, customer engagement, and product marketing.
NFU Mutual has entered a strategic partnership with Synectics to strengthen its fraud prevention measures and improve the experience for genuine customers.
KPMG UK has joined FinTech Scotland, the cluster management organisation for fintech in Scotland. The two organisations will work closely together to help foster innovation, accelerate growth and drive technology adoption within the Scottish financial technology sector.
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Money transfer giant Wise was ordered by European regulators to put in place a formal remediation plan over issues with its anti-money laundering controls, according to the Financial Times.
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