Category: digital currencies

Core provider Jack Henry is offering a way to ensure financial institutions can select vendors that align with their required levels of risk and compliance.  © Can Stock Photo / artursz The Vendor Management Program integrates into Jack Henry’s Governance, Risk and Compliance (GRC) Suite, and runs an automated risk assessment on banks’ external service…

Automated treasury payments solutions at Banc of California will be powered by Finexio, the companies announced last week. Finexio, an accounts payable fintech with previous buy-in from Mastercard and communications firm Nordis Technologies, received $1 million from Banc of California during a funding round. Now, Finexio will fuel embedded accounts payables processes the $9.6 billion…

The benefits of open banking payments have been outlined in a new report from Tink, which indicated that financial institutions across Europe are continuing to bet big on the technology. According to three-quarters of respondents to Tink’s B2B open banking payments report, increased payment security and fraud mitigation are the two main benefits associated with…

Tarabut Gateway, an open banking platform in the MENA region with a market presence in Bahrain, the UAE and KSA, announces four new key banking partnerships in KSA. As part of its expansion in Saudi Arabia, and the developments in open banking, Tarabut Gateway revealed it has been selected by some of the leading banks…

Every Wednesday, we delve into the latest fintech updates from across the UK. This week sees the first VRP offered for ‘non-sweeping’ cases; while a UK fintechs aim to incentivise early payment. First VRP offered for ‘non-sweeping’ use-cases NatWest Group has become the first of all UK banks to offer Variable Recurring Payments (VRP) for…

Suade, a global risk and regulatory technology company, has announced its partnership with Darlington Building Society, to manage its end-to-end regulatory reporting process by responding quickly and efficiently to regulatory changes while delivering data harmonisation, transparency, performance, and advanced analytics. Suade harnesses the power of its Financial Regulatory open-source data standard (FIRE) in combination with…

The spend management company Cardlay is to integrate its payment cloud solution into the expense management service of SAP Concur, enabling businesses that engage with its portfolio to benefit from an integrated, carbon-neutral and secure virtual card offering without changing their current bank relationship. Cardlay’s payment cloud supports the real-time issuing of corporate virtual cards,…

Here is our pick of the 3 most important Stablecoin news stories during the week. Now what!?? As the dust settles on the cataclysmic collapse of the Terra (UST) ecosystem, an on-chain deep-dive carried out by blockchain analytics firm Nansen highlights two major takeaways. Only a few (7 wallets) along with deep knowledge (maybe inside) of…

The value of biometrically authenticated remote mobile payments is forecast to top $1.2trillion globally by 2027; rising from the $332billion recorded in 2022. These transactions use biometrics, typically facial and fingerprint recognition, to authenticate remote mobile payments. This is according to a newly-released study from Juniper Research, which indicated that the introduction of strong customer…

Cashless societies, open banking, digital transformation and financial inclusion were some of the hot topics under discussion on day one of Seamless Middle East 2022 in Dubai. More than 10,000 visitors are registered for the event with 350 speakers lined up – with live attractions, demonstrations and product launches on the Dubai World Trade Centre…