Author: TMC Admin

The Spanish financial services company Banco Santander is to transition fully to a cloud-based core banking system.  The core banking platform forms the most critical part of a bank’s IT infrastructure, being where the main financial transactions, such as money transfers, deposits and loans, are processed. Santander has become one of the first major banks…

With offices in Singapore, the American multinational identity and access management software company ForgeRock is to launch ForgeRock Autonomous Access, an artificial intelligence (AI) powered solution that seeks to prevent identity-based cyber attacks and fraud. ForgeRock Autonomous Access provides a service that monitors real-time login requests in an attempt to block malicious activity, adds authentication…

The Payment Systems Regulator (PSR) has taken action against National Westminster Bank Plc, Royal Bank of Scotland Plc, Ulster Bank Ltd and Coutts & Company for overcharging interchange fees on credit cards. The regulator has fined the banks £1.82million for failing to comply with regulations after an investigation found that the banks wrongly profited from…

The pandemic has highlighted the importance of quick and convenient payment transactions. Combined with the ever-growing pressure on businesses to provide good customer service, the need for an all in one solution to both make payments and a strong community is needed more than ever.  Indiana Gregg is the CEO and founder of Wedo. 25…

Hub71, Abu Dhabi’s global tech ecosystem, has accepted 16 startups to join its growing community as part of accelerating the Emirate’s position as a leading innovation hub. By launching operations in Abu Dhabi, the new startup cohort, which has already raised more than AED 231million in funding, will have the opportunity to develop advanced technologies…

Precis Digital, the data-driven digital marketing agency, and research company, Forrester Consulting, have found that 80 per cent of marketers rank customer satisfaction as the number one most important outcome for their marketing programmes. However, only 49 per cent indicate that they would go beyond what regulations such as GDPR require, to adopt more ethical…

As the pivot to financial apps accelerated during the pandemic, the number of over 55s turning to them has been no different. The financial app Revolut has reported an increase of over 215 per cent in the number of UK users aged between 55 and 74 over the past two years. Eighty-five per cent of…

Artificial intelligence (AI) has become a necessity for organisations in the financial sphere to succeed. As the attitude of waiting to see how regulations impact the technology is fazed out in favour of embracing innovation as it is developed, organisations must be aware of guidelines and regulations in place, and how these will also develop.…

In this episode of The Fintech Times Podcast, we discuss the explosion of buy now, pay later technology with George Denisenko of Visa. Buy now, pay later (BNPL) continues its rapid rise across Central Europe, Middle East and Africa (CEMEA). Visa’s latest CEMEA COVID-19 Impact Tracker reports that more than 80 per cent of consumers surveyed…