Fintech News
JULY 3, 2024
Vietnam’s digital finance landscape is undergoing a notable shift as new players emerge, established ones fade, and traditional banks rise to prominence, a new report by Decision Lab shows. However, by Q4 2023, Moca had slipped out of the top rankings, replaced by mobile apps from traditional banks.
Stax
MARCH 27, 2025
TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Thats Electronic Funds Transfer (EFT) in action. EFT is the umbrella term for all electronic transactions that transfer funds digitally between bank accounts using only bank account information.
PYMNTS
OCTOBER 7, 2020
In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. We’re also seeing existing standards such as EBICS — the Electronic Banking Internet Communication Standard — emerge across Europe,” he said.
Fintech News
MAY 23, 2024
Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,
PYMNTS
JANUARY 22, 2020
Grab , Razer , AirAsia , Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan. Some are in discussions with consultants for guidance as they ponder a move into digital banking, according to the sources, who are familiar with the matter.
Stax
MAY 7, 2024
Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. to 2.9%) while the non-qualified is the highest.
PYMNTS
JULY 18, 2017
As we work with business customers with non-prime credit, decisions around credit risk are key to the success of our business,” said Haijian Hu, head of Headway Capital. Different algorithms within the decision flow help to reduce time to customer decision like electronic bank statement data parsing models.”.
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