Tag Archives: mobile banking

New York tourist shot on six-figure watch is a crypto expert

The 33-year-old was shot multiple times in his legs and groin when his six-digit watch was stolen Richard Mille is a French-born cryptocurrency expert who flaunted his watches on social networks. Pierrick Jamaux told police a man demanded his watch as soon as he and his companions got out of …

Read More »

Scotiabank reports digital progress amid covid pandemic

News Clint Chan Tack Just now Gayle Pazos, Managing Director of Scotiabank TT. PHOTO COURTESY OF SCOTIABANK – SCOTIABANK TT Ltd has made several strides in digital transformation during the covid19 pandemic. Chief Executive Gayle Pazos provided an update on the bank’s digital transformation initiatives at its virtual 52nd Annual …

Read More »

How Opportunity International is boosting financial inclusion through digital banking

by Charu Adesnik Northampton, MA –News Direct– Cisco Systems Inc. A group of people using mobile financial services, provided by Opportunity International. Credit: Patrick Abah. the Opportunity International’s (Opportunity) mission for more than five decades has been to reach people living in poverty and provide them with access to otherwise …

Read More »

banque muscat SAOG: special offer on Individuals, Auto and Home extended until March 31

In line with its customer-centric vision and commitment to financial inclusion, Bank Muscat, the leading financial services provider in the Sultanate, offers a host of state-of-the-art services and facilities to its large family of customers. across the Sultanate. . The bank recently announced that, in line with its vision to …

Read More »

The clear signal in RBI’s hold on Paytm Bank

NEW DELHI : New Delhi: One of India’s pioneers in the booming digital payments segment, Paytm Group, is now in the Reserve Bank of India’s crosshairs as Paytm Payments Bank was barred from onboarding new customers by the regulator on Friday. The RBI, true to form, only mentioned “material oversight …

Read More »

Leveraging Technology to Improve Financial Inclusion in the United States

By Ismail Amla, Executive Vice President, Professional Services, NCR Corporation The benefits of financial inclusion are known and numerous. Households that lack access to bank accounts or relatively affordable mechanisms for receiving, paying, and spending money end up spending a significantly higher percentage of their income on cash-intensive financial options. …

Read More »

The gender gap in financing is costing Africa $95 billion a year

Women entrepreneurs and business owners play a vital role in economies across Africa. Yet many women are excluded from the industry due to barriers that make it difficult to access credit and financial services. Many barriers, poverty, discrimination, lack of institutional support and outdated gender norms contribute to the $42 …

Read More »

Landbank’s online banking transaction value soars by 46%

The Land Bank of the Philippines (Landbank) announced that the combined value facilitated through its six major e-channels reached P2.45 trillion in 2021, up 46% from the previous year, while the volume transactions increased by 19% to 136.3 million. Cecilia Borromeo, President and CEO of Landbank, attributed the growth to …

Read More »

Africa-focused Stax raises $2.2M for seed expansion

USSD, which stands for Unstructured Supplementary Service Data, may seem difficult at first and can quickly become technical, but there are two crucial concepts to grasp for the purposes of financial inclusion. To start, you use USSD when you dial a number that starts with * and ends with #. …

Read More »

LANDBANK’s online transactions increase by 46% to reach 2.45 trillion pesos

THE VALUE of online transactions made with Land Bank of the Philippines (LANDBANK) jumped in 2021 as the lender continued to roll out digital services during the public health crisis. The value of LANBANK’s electronic banking transactions jumped 46 percent year-on-year to 2.45 trillion pesos, the state-owned bank said in …

Read More »

Online banking transactions up 16% to Rs27.2tr in July-September

KARACHI: Online banking transactions rose 16% to Rs 27.2 trillion in the first quarter of this fiscal year as convenient digital payments have not lost their charm despite the easing of pandemic-related restrictions, the central bank said on Monday. These transactions amounted to 23.3 trillion rupees during the previous quarter …

Read More »

Ranked: 10 “Most Dangerous” Mobile Banking Trojans of 2021 and How They Can Steal Your Money

Banking Trojans have increased in 2021. As most of us have been forced to use contactless digital payments due to the Covid-19 pandemic, cybercriminals have seen this as an opportunity to trick people by through banking Trojans. For those unaware, a Trojan is a type of malicious code or software …

Read More »

About 8 in 10 Indians use mobile banking apps during COVID-19 pandemic: Report

According to a new report, more than eight in ten Indians with a bank account in metropolitan cities are now using mobile banking apps which have seen an increase amid the COVID-19 pandemic. Mobile banking apps are the most popular banking channel in Asia, with 83% of metropolitan Indians and …

Read More »

Global Mobile Payments Markets, 2022-2027 – Majority of the industry, by volume and value, is located in Asia-Pacific – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “mobile payments market by technology (SMS, beacon, NFC), location (proximity and remote), device (smartphone, wearable, implantable, other), type of user (banked, unbanked and under- banked) and solutions 2022 – The 2027 report” has been added to from ResearchAndMarkets.com offer. This report assesses the top mobile payment companies, their …

Read More »

New Xenomorph malware sneaks into the Google Play Store

Android users nowadays face a bottomless pool of threats, and as soon as one Android malware operation drops to the bottom, a new one pops up to give users headaches. Discovered and detailed in a report released today by security firm ThreatFabric, the latest of these threats is called Xenomorph. …

Read More »

Askari Bank partners with HysabKytab to integrate PFM – Business & Finance

KARACHI: Askari Bank partners with HysabKytab to integrate Personal Finance Management (PFM) solution into Askari Digital Banking. HysabKytab has signed an agreement with Askari Bank in this regard. This collaboration will allow users of Askari Bank’s internet and mobile banking applications to take better control of their financial well-being. With …

Read More »

Laxmi Bank inaugurates 11th extension counter – The Himalayan Times – Nepal’s No.1 English Daily Newspaper

KATHMANDU, FEBRUARY 18 Laxmi Bank Ltd. expanded its footprint with the inauguration of its 11th extension counter at Jhulneta of Tribeni-3 Rural Municipality in Rukum West. With the addition of this extension counter, the Laxmi Bank network now comprises 141 branches, 11 extension counters, 5 hospital counters, 172 ATMs, 2,500 …

Read More »

Payrailz delivers smarter, faster payments through Alkami’s digital banking platform

GLASTONBURY, Conn.–(BUSINESS WIRE)–Payrailz®, a digital payments company delivering smarter, more engaging payment experiences to banks and credit unions across the United States, announced that its payment services will be now available via the Alkami platform. Through this partnership, financial institutions on the Alkami platform will now be able to deliver …

Read More »

Digital Payments Technology Serving Next Generation Consumers Worldwide

Today’s fintech and digital payment solutions are at the forefront of consumer empowerment. Gone are the days of having to stand in line to wait for a bank teller. With the growth of fintech and digital payment platforms, consumers have a wide range of financial services at their fingertips, anytime …

Read More »

PPF Account Online: How to Open a PPF Account, Required Documents, Eligibility, Withdrawals, and More

The PPF is one of the most popular long-term investment programs in India. PPF stands for Public Provident Fund and all citizens of India are eligible to open a PPF account regardless of job type, salary and tax bracket. It is essentially a long-term savings and also a tax saving …

Read More »

H&R Block: No more pesky distractions – Focus on what matters (NYSE: HRB)

Street view of the H&R Block entrance – tax preparation company in Vancouver Margarita-Young/iStock Editorial via Getty Images H&R Block (HRB) is in the bucket of high-value stocks that the market thinks it can ignore until it’s gone. The valuation reflects more than that. To market credit, management has yet …

Read More »

Improving the financial health of those who need it most

Over the past decade, the stock market has climbed higher and higher, breaking records and fattening the investment accounts of many Americans. But stunning annual returns don’t necessarily translate to financial stability. In fact, more than half of Americans are on the brink of financial abyss: 56% say they don’t …

Read More »

Advice on social media and internet safety in the context of Nepal

With the rise of digital media, internet security and privacy has become a matter of concern for everyone. According to the global scenario, data leaks and increase in cyber crimes are widespread. Also in the context of Nepal, the cases of cyberattacks are increasing every day. For example, the official …

Read More »

The impact of the metaverse on financial services

Through Matthew Williamson, Vice President of Global Financial Services, Mobiquity Define the metaverse Before discussing the potential of the metaverse to permeate traditional industries, including finance, one must first establish a basic understanding of what the metaverse is. The metaverse can be understood as an innovative way for people to …

Read More »

Here are all the announcements related to the banking sector

More lines of credit for small businesses, the introduction of central bank digital currency, the push for digital banking and amendments to strengthen bankruptcy law were among the main areas of focus for the sector. banking in this year’s EU budget. Here are all the banking and financial announcements made …

Read More »

LandBank launches its own phishing investigation

The state-run Land Bank of the Philippines is currently coordinating with the Department of Education (DepEd) for the list of teachers who have allegedly been phished. In a statement over the weekend, the government bank said it was conducting its own investigation into the accounts of teachers who recently fell …

Read More »

Cooperative banking issues affect mobile and online banking – what we know

Customers of The Co-operative Bank have reported outage issues with many unable to access online or mobile banking apps. The reports began appearing on Down Detector, a website outage reporting service, around 7:27 a.m. on Thursday, January 27. The issue peaked at 8:12 a.m. with over 100 reports on Down …

Read More »

What Gen Z wants from fintech

Generation Z does not know a world without mobile banking. And that presents opportunities — and challenges — for fintech companies. Millennials ushered in the era of fintech as we know it by embracing payment apps like Venmo and investment platforms like Robinhood and Acorns. But Gen Z has grown …

Read More »

Thai banks use digitalization to evolve into various value-oriented organizations – OpenGov Asia

The Thai government is seizing the opportunities offered by digital technology to improve the lives of citizens and increase the country’s economic competitiveness regionally and globally. Through the national “Thailand 4.0” strategy which includes major investments in digital infrastructure, big data platform and analytics for education, health and agriculture, as …

Read More »

How Credit Cards Work

D Depending on who you listen to, credit cards are either a savvy buyer’s best friend, or they’re crazy, bad, and dangerous to use. If you’ve never had one, credit card terminology can certainly seem a little inscrutable. Flashing the plastic involves jargon all its own, including “credit limits,” “APRs,” …

Read More »

78% of bankers see fraud increase in 2 years: Survey

TNN Mumbai: Around 78% of bankers expect fraud to increase over the next two years due to the current business disruption due to the pandemic. The fear of fraud is triggered by the reduction in human contact due to large-scale remote working and an increase in customers using non-bank channels …

Read More »

Parallex Bank Limited promises unlimited possibilities

As part of efforts to embrace digital banking, Standard Chartered Plc is closing about half of its Nigerian branches. A Bloomberg report reveals that the London-listed lender’s local unit already began closing some offices in December and will eventually operate just 13 branches in the West African country. Sources close …

Read More »

VCs invested more money than ever in start-ups last year

Hopin founder and CEO Johnny Boufarhat. Get in Venture capitalists invested more than $ 675 billion in start-ups around the world in 2021, doubling the previous record of 2020, according to data released Thursday by venture capital analysis firm Dealroom and the agency. British promotion London & Partners. Despite the …

Read More »

Capita: Pay360 by Capita partners with Ordo to facilitate the processing of open bank payments in the public sector

London, United Kingdom – January 11, 2022 –Pay360 per capita and Ordo today announced a partnership that will integrate Ordo’s open banking platform into the Pay360 payment services solution. The partnership will see the two companies facilitate payments for public sector companies with the aim of providing the customer for …

Read More »

Standard Chartered to close 50% of its Nigerian branches

• The bank focuses on the digital space Emmanuel Addeh in Abuja with agency report Standard Chartered is closing about half of its Nigerian branches as part of its digital banking expansion. People familiar with the matter said the international bank made the move as the financial sector comes under …

Read More »

Mobile banking set to continue in Hatherleigh, North Tawton and Chagford

Chagford Borough Councilor Cllr Nicky Heyworth and Lloyds Bank local branch manager Keith Mills in Chagford. CENTRAL DEVON MP Mel Stride praised Lloyds Bank’s commitment to continue providing mobile banking services in his Central Devon constituency despite a drop in footfall. Mobile service to Chagford, Hatherleigh, North Tawton, Moretonhampstead, Ashburton …

Read More »

Dealing with ethical challenges remains key to advancing facial recognition technology

Through Cary Springfield, International Banker This article originally appeared in the Fall / November 2021 edition of International Banker In June, European privacy supervisors, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS), joined forces to call for a ban on use of facial recognition technology …

Read More »

Mobile banking usage increased to over 34% in 2021, Central Bank of Kenya says

The covid 19 pandemic increased the use of mobile banking services in Kenya from 25.3% in 2019 to 34.4% in 2021. This is indicated by a survey report by the Central Bank of Kenya (CBK) in collaboration with the Kenya National Bureau of Statistics (KNBS) and the Financial Sector Deepening …

Read More »

5 digital services that have changed the face of banking

Banks have always been at the forefront of the digital revolution. Internet banking services became a reality as early as the 1990s. Mobile banking was possible in the early 2000s. The past two decades have seen several digital innovations that have made banking services more accessible to customers. Fintech applications …

Read More »

Netstars Vietnam partners with M-service to promote cashless payment for TeteShop users

Netstars Vietnam will cooperate with Mobile Online Services JSC (M service) to provide grocery stores with online and offline payment solutions. The collaboration agreement signed by Netstars Vietnam Co., Lt (Netstars Vietnam), a member of the multinational fintech startup Netstars, and M service, a leading fintech company that operates the …

Read More »

Multitude SE: Multitude SE: Multitude Group’s financial calendar for 2022

DGAP-News: Multitude SE / Keyword (s): Miscellaneous Multitude SE: Multitude SE: Multitude Group’s financial calendar for 2022 27.12.2021 / 12:00 The sender is solely responsible for the content of this advertisement. Multitude Group’s financial calendar for 2022 Helsinki, December 27, 2021 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or …

Read More »

EDITORIAL: Crow and Hickenlooper stand up for new businesses | Editorials

Without small businesses, the United States would not be the country where people of all educational, financial, religious, and ethnic backgrounds could be successful and lead good lives with a good day at work. Without small businesses, we wouldn’t have big businesses. Whether we’re talking about Microsoft, Whole Foods, Facebook, …

Read More »

AU Small Finance Bank Launches One-Stop Lifestyle Marketplace on Mobile App

Listen to this article AU Small Finance Bank has launched the One Stop Lifestyle Marketplace for its mobile banking app. This market allows the bank’s customers as well as their UPI users to purchase mobile top-ups, send gift cards to loved ones, and book trips to hundreds of destinations within …

Read More »

Apiture to Provide Basic Xpress Banking Solution to Missouri’s First State Bank

Digital banking solutions provider Apiture was approached to upgrade First State Bank of Saint Charles’ online and mobile banking offering for home and business customers. Apiture is headquartered in North Carolina The 150-year-old Bank of Missouri will migrate its legacy digital banking solution to Apiture Xpress. Apiture says its Xpress …

Read More »

How to budget for success in 2022

By Bob Juliano, Vice President and Director of Corporate Giving and Financial Literacy at WSFS Bank The change in schedule brings a fresh start while providing an opportunity to assess your finances and build your plan for the future. A recent study by the WSFS Bank Money Trends found that …

Read More »

Hong Leong Bank awards ‘Best SME Bank in Malaysia’ for third year in a row to customer trust

Kuala Lumpur, Malaysia, December 17, 2021 / PRNewswire / – For the third year in a row, Hong Leong Bank (“HLB” or the “Bank”) moved back “Best SME bank” in Malaysia Awards 2021 by The Asian Banker, one of the most prestigious international awards in the financial services industry. HLB …

Read More »

Kumari Foneloan – Buy Now, Pay Later in Nepal: Instant Loan, Pay on EMI

Kumari Bank, a commercial bank in Nepal, has introduced a Buy now, pay later (BNPL), which allows customers to get an EMI loan instantly right from their mobile banking app. Foneloan – Buy now Pay later The concept of instant lending through a mobile banking app is nothing new. About …

Read More »

Bank of Georgia launches investment platform on mobile banking app

Bank of Georgia (BoG) has launched an investment platform on his mobile banking app that provides “affordable access to invest in US stocks for the first time” in Georgia. Customers are able to trade shares of international companies such as Apple, Amazon, Microsoft, Tesla, Google and others with the lowest …

Read More »

County Stark seizes two former banks in Canton

TOWNSHIP – Two of the once majestic bank buildings in downtown Canton are facing foreclosure proceedings. The former KeyBank tower at 126 Central Plaza N and the former National City Bank at 315 Tuscarawas St. W – which were auctioned off in 2019 by owner PJT-Pointe West LLC – may …

Read More »

HSBC banking app not working on Google Pixel 6 & 6 Pro, fix in progress

New updates are added at the bottom of this story ……. The original story (published November 23, 2021) follows: Since the launch of Google Pixel 6 and Pixel 6 Pro, users have complained about various types of issues with these handsets. And it looks like the bug streak isn’t over …

Read More »

Targeted cryptocurrency attacks by cybercriminals to grow in 2022: Kaspersky

Infostealers, which are a kind of malware that steals sensitive information and information from the compromised system, will see acceleration at least as a first-stage data collector, according to the report. (Image: Pixabay) State-sponsored groups will target the global cryptocurrency industry next year, while cybercriminals will take advantage of investors …

Read More »

Kina Bank launches its website | Buckle PNG

Kina Bank CEO Greg Pawson at the launch of the website, calling it “world class,” said it complements a number of digital products and services already on the market. He said: “Digital banking is growing in the country because of its convenience and speed of access, and people need to …

Read More »

DBS customers unable to access banking services, bank working to resolve situation, Consumer News & Top Stories

SINGAPORE – Some DBS / POSB customers were unable to access the bank’s internet and mobile banking services on Tuesday 23 November. The disruption began around 10 a.m., according to the Downdetector outage monitoring website, which tracks outages by collating status reports from a range of sources, including errors submitted …

Read More »

NatWest mobile bank misses three visits to Berkeley

The failure of the NatWest mobile banking van to show up to Berkeley for its last three scheduled visits was called “unacceptable” by a local adviser. Mobile banking visits Berkeley every other Thursday after the city branch closed in 2015. However, he did not show up on his last three …

Read More »

Link CU – at your fingertips

Link Credit Union Staff: Rosemarie O’Brien, Theresa Cooney, Corina McElroy, Teresa Reilly, Tina Flanagan and Sinead Flanagan Posted: Thu, Nov 18, 2021, 6:03 PM Last update: Thu, Nov 18, 2021, 7:26 PM Link Credit Union offers all of its members a checking account, which includes a Mastercard debit card accepted …

Read More »

Oportun buys challenger bank Digit for $ 213 million

Consumer lender Oportun has agreed to buy challenger bank Digit in a deal that the buyer says will accelerate its plans to offer a more comprehensive range of banking services. Timely, a Silicon Valley lender that offers personal loans and credit cards to consumers, on Tuesday announced a deal worth …

Read More »

Moven Partners with Oz Nixil ICT Integration Provider

Moven is pleased to announce that it has recently partnered with Australia-based leading banking information and communications technology (ICT) integration provider, Nixil Pty Ltd, with the goal of establishing a footprint. in the dynamic digital banking space that is opening up in the region. . By partnering with Nixil, Moven …

Read More »

Ontario teenager who failed to report missing bank card asked to reimburse $ 16,000 in fraudulent charges

TORONTO – An Ontario teenager got his first bank card at age 14, but said he never bothered to read the fine print in his service agreement. Now he is 18 and he would love to because his bank says he is responsible for $ 16,000 in fraudulent checks. Angus, …

Read More »

The volume of SAR mobile payments in January-September has already doubled compared to the whole of 2020

Mobile payment transaction volume reached MOP 12.7 billion (US $ 1.5 billion) in the first three quarters of this year, triple the amount reported in the same period last year and already double the amount recorded for all of 2020, according to data provided by the Macao Authority (AMCM) reveals. …

Read More »

Receive message (text)? | ABA bank journal

By Karen Epper Hoffman MBomb phones have been a lifeline for many of us during the pandemic. So it’s perhaps not surprising that, like many other financial institutions, FirstBank of Colorado, the country’s third-largest private bank, uses mobile messaging to develop and evolve deeper “virtual relationships” with its customers. With …

Read More »

OCBC Bank continues to hire despite tough times

KUALA LUMPUR: OCBC Bank (M) Bhd is strengthening its workforce with the hiring of more talent at all levels despite the Covid-19 pandemic. The increases are primarily in business and personal banking, compliance and technology. As one of the country’s leading foreign banks, OCBC has no plans to downsize or …

Read More »

Validea Martin Zweig Strategy Daily Update Report – 10/30/2021

TToday’s updates for Validea’s growth investor model are based on Martin Zweig’s published strategy. This strategy seeks growth stocks with a persistent acceleration in earnings and sales growth, reasonable valuations and low leverage. TOWNEBANK (TOWN) is a mid-cap value in the Regional Banks sector. The rating according to our strategy …

Read More »

BancorpSouth Bank and Cadence Bancorporation complete their merger

TUPELO, Miss. and HOUSTON, October 29, 2021 / PRNewswire / – Cadence Bank (NYSE: CADE) today announced the successful completion of its previously announced merger in which the former Cadence Bancorporation has merged with BancorpSouth Bank, with BancorpSouth as the surviving company. Upon completion of the merger, BancorpSouth was renamed …

Read More »

How to bank when you can’t go to a bank

gChecking in at a bank branch can be a difficult task, especially if you have limited transportation options or if you live far from your bank. In fact, if you live in a rural area, it’s likely your community lost more bank branches than it gained between 2012 and 2017, …

Read More »

Mobile banking startup wins key victory in eastern West Bank lawsuit

A former East West Bank executive won a key battle in a legal battle with the Pasadena, Calif. Company which alleged he used his trade secrets to create a digital banking product for a startup it he had founded. Last week, a federal judge dissolved a preliminary injunction East West …

Read More »

Westpac is testing an interest-free credit card

Westpac today announced the launch of a new zero rate “Flex” credit card later this year to give customers more flexibility and control in managing their money. The digital card will allow customers to access $ 1,000 credit with no interest on purchases, no late fees and no currency exchange …

Read More »

PH leads digital payment adoption in Asia-Pacific

THE Philippines recorded the highest percentage of new digital payment users at 37% among Asia-Pacific (Apac) respondents during the Covid-19 pandemic, according to the recent Kaspersky study. Entitled “Mapping a Secure Path for the Future of Digital Payments in Apac,” Kaspersky Study Finds Wallet and Mobile Banking Adoption Closely Tracking …

Read More »

Digital Transactions Record Robust Growth – Journal

KARACHI: Digital financial transactions in the country showed robust growth in fiscal year 2020-21, replacing conventional banking transactions faster than the banking industry expected. According to the State Bank’s latest Annual Payments Systems Review (PSR) for fiscal year 21 released on Friday, transactions processed through the large value payments segment …

Read More »

Account opening at the speed of expectations

What will payments look like in 2022 and beyond? In “The way payments are now made, ”Jess Turner, Executive Vice President, New Digital Infrastructure and Fintech, Mastercard, joins 32 other payments managers to discuss what the ‘new normal’ in payments looks like. Turner explores how the pandemic made mobile banking, …

Read More »

Kuwait Finance House KSCP: KFH clients complete over 113 million transactions via KFHOnline in 9 months

The total transactions carried out by Kuwait Finance House (KFH) clients through KFHOnline on the website or mobile app exceeded 113 million transactions in 9 months, from January to September of this year 2021, with a growth rate by 26% compared to the same period last year. Online banking transactions …

Read More »

FinCell officially launches on the European market

To share Tweeter To share To share E-mail FinCell, the white label mobile banking app based on PSD2, announces its official launch in Europe to help more and more financial institutions are expanding their mobile banking effortlessly. The FinCell team reiterated its commitment to help financial institutions such as banks …

Read More »

The rapidly changing face of banking in India

Lately, customer journeys have taken exciting new directions. Branchless banking has gained momentum for day-to-day engagement, KYC has largely moved to digital channels and the processing of loan issuance, application and disbursement has stepped up exponentially through to automation. The driving force behind many of these changes has been smart …

Read More »

Taxpayers can now declare their direct and indirect taxes via the digital platforms of this bank

Business oi-Vipul Das | Posted: Wednesday October 13th, 2021 10:02 AM [IST] The Reserve Bank of India (RBI) yesterday authorized IndusInd Bank to collect direct and indirect taxes under the direction of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). “The …

Read More »

Cybercriminals steal Sh106m from sacsco

Companies Cybercriminals steal Sh106m from sacsco Tuesday, October 12, 2021 By PATRICK ALUSHULAMore from this author Summary Saccos lost 106 million shillings in the 17 months leading up to March due to cyber theft as part of the increase in mobile banking, indicating an increased need for stronger insurance systems …

Read More »

QIB wins ‘Best Retail Bank in Qatar’ at the 2021 Trailblazer Awards

Qatar Islamic Bank (QIB) received the “Best Retail Bank in Qatar” award at the 12th edition of the Retail Banker Trailblazer Awards 2021 in collaboration with MEED and GlobalData. QIB was also recognized for “Excellence in Mobile Banking”, “Excellence in Funding” and “Best Loyalty / Rewards Program in the Middle …

Read More »

SBI’s online banking services will not be available today during this time. Details here

Customers of India’s largest bank State Bank of India (SBI) will not be able to use internet banking today for a certain period of time. SBI Internet banking users will not be able to use various features such as Internet banking, YONO, YONO Lite, UPI for a total of 120 …

Read More »

Copper Banking raises $ 9 million; Closes $ 13.3 million seed funding

Copper bank, a Seattle, WA-based provider of a mobile banking platform for youth that combines financial education with parent-friendly features, raised an additional $ 9 million and closed a $ 13.3 million funding round . Funders included Clocktower Ventures, Index Ventures Scout Fund, Launchpad Capital, Financial Venture Studio, Maven Ventures, …

Read More »

ICICI Bank is launching a contactless payment solution via Mobile Pay. How to take advantage of it?

ICICI Bank has launched a contactless payment service through its official mobile banking app, iMobile Pay. It will allow a debit and credit card user base of around 1.5 crore to benefit from the ability to make payments at various outlets (outlets) by simply waving their phones near the phone. …

Read More »

The 15 Fastest Growing Banking and Financial Apps Last Week

APPLICATION PERCENTAGE INCREASE SoFi Invest SoFi’s mobile application for investing and trading in stocks and cryptocurrencies. 958.67% myStudentAid Federal Student Aid’s official app for students and families to apply for and manage financial aid. 745.25% PNC mobile banking services PNC’s mobile banking application. 141.56% Running The financial services company’s mobile …

Read More »

How Indian Post is fighting not to become redundant

In the 1980s, Queen of Hills – Shimla was a pristine place with natural beauty at its peak. Mall Street had the charm of old buildings from the British era. One of those that stands out is the Shimla GPO (General Post Office), a mix of architectural styles, including part …

Read More »

Unveiling the Benefits, Challenges and Prospects of Open Banking – Blueprint Newspapers Limited

Dr Adesola Kazeem Adeduntan, Managing Director and CEO of First Bank Ahead of the first Bank Fintech Summit 5.0 coming Thursday and on the theme “Open banking and its derivative opportunities for the financial ecosystem”, AMAKA IFEAKANDU examines some of the advantages, challenges and prospects of open banking in Nigeria. …

Read More »

Google returns to the mobile banking app plan

Google has put the brakes on a plan to add mobile banking to its Pay app, even as the market for online financial services for everyday investors heats up. The company has completed work on its Plex project, but continues to research ways to integrate financial services, a spokesperson confirmed …

Read More »

Google ends plan for mobile banking in Pay app

Published on: 10/01/2021 – 23:32Amended: 01/10/2021 – 23:30 San Francisco (AFP) Google has put the brakes on a plan to add mobile banking to its Pay app, even as the market for online financial services for everyday investors heats up. The company has completed work on its Plex project, but …

Read More »

Capitec shows excellent results

Capitec Bank Holdings increased its earnings per share by 513% to 3,447 cents in the six months leading up to August 31 and shareholders will no doubt be applauding the declaration of a dividend of R 12 per share as no interim dividend has been made. declared last year. Managing …

Read More »

The global digital banking platform market size is expected to grow from $ 8.2 billion in 2021 to $ 13.9 billion by 2026, at a compound annual growth rate (CAGR) of 11.3%.

during the forecast period. The digital banking platform market is gaining ground due to the increasing adoption of cloud-based solutions by financial institutions and the proliferation of smartphones are expected to drive the overall growth of the digital banking platform market. New York, September 30, 2021 (GLOBE NEWSWIRE) – Reportlinker.com …

Read More »

This bank will close its ATMs from tomorrow. Check details

Suryoday Small Finance Bank has informed its customers that it will close its automated teller machines (ATMs). The bank has said on its website that it will cease its ATM services from tomorrow, October 1. “For operational reasons, Suryoday Bank’s ATMs will be shut down on October 1, 2021,” Suryoday …

Read More »

How mobile banking brought revolutionary change to banking industries

It is obvious that mobile banking is the use of smartphones to access online banking services. According to a report, the number of users who use mobile banking services is around 57 million. While the penetration of mobile banking for payment for services using the mobile application accounts for 86% …

Read More »

4 dynamic FinTech companies in Brazil

4 dynamic FinTech companies in Brazil By Edlyn Cardoza Today Brazil Credits Cross-border payments In Latin America, Brazil is the largest country and the largest FinTech market in the region. In the first quarter of 2021 alone, Brazilian start-ups received more than $ 400 million. The Brazilian FinTech market in …

Read More »

Kiwibank: “Persistent problems could damage reputation”

Problems with Kiwibank’s internet and mobile banking services could damage its brand, according to a marketing expert. The bank has had intermittent access issues over the past three weeks, since a DDoS attack that hit a number of banks and other organizations. Kiwibank suffered another outage on Tuesday and the …

Read More »

How digital money can increase gross national happiness in Bhutan

The small Himalayan kingdom of Bhutan, landlocked between China and India, rose to world fame in the 1970s with “gross national happiness”: a broad measure of overall well-being that it prefers to the more traditional metric of gross domestic product, which only includes the production of goods and services, even …

Read More »

Newsweek Selects ChoiceOne Bank Again as Michigan’s Best Small Bank

SPARTA, Mich., September 28, 2021 / PRNewswire / – ChoiceOne Financial Services, Inc. (Nasdaq: COFS), the parent company of ChoiceOne Bank, is pleased to announce that ChoiceOne Bank has once again been classified as that of Michigan Best Small Bank by Newsweek. ChoiceOne was recognized in Newsweek’s first-ever 2020 ranking …

Read More »

Veterans Bank Holds Virtual Annual Meeting of Shareholders and Election to Board of Directors

MAKATI CITY – Amid the continuing threat of the covid19 pandemic in 2021, the Philippine Veterans Bank has once again held its annual meeting of shareholders virtually in compliance with government guidelines and health protocols. This year’s shareholders meeting brought together around 500 shareholders and their heirs. The election of …

Read More »

Charity Digital – Themes – The Best Bank Accounts for Charities

There may not be a higher priority for charitable leaders than protecting their organization’s money. Supporters donate knowing that this money will be taken care of and used as wisely as possible. In a tough fundraising climate, charities should stretch their funds more than ever. Supporters expect their contributions to …

Read More »

Analyze data on the largest banks in Ohio and northeastern Ohio in 2021

Branch consolidation has accelerated in recent years, and that trend has accelerated amid COVID-19 lockdowns. While branches have remained open throughout the closures to varying degrees, the age of social distancing has prompted banks to step up their digitization efforts and close their physical locations, cutting costs along the way …

Read More »

HSBC Sri Lanka recognized as the best digital consumer bank by Global Finance

HSBC has been recognized as the Best Consumer Digital Bank in Sri Lanka for 2021 by Global Finance at the World’s Best Consumer Digital Banks Awards in Asia-Pacific. While this is the bank’s fourth award this year, it is also the 13th time HSBC Sri Lanka has been named Best …

Read More »

List of great apps available in the Indian banking space that you should not miss

Super apps have become a major technology trend these days, offering a range of services in an all-in-one experience to users. Given its immense business potential, many large banks in India have also joined the launch of “super apps”, allowing users to access multiple services from a single app. In …

Read More »

Biometrics for banking financial services Spending by market giants will explode

Global Biometrics for Banking Financial Services Market Research Report 2021 is the latest study published by AMA to assess the market, highlight opportunities, analyze risks and operate with strategic and tactical decision support. The study provides information on market trends and development, drivers, capabilities, technologies, and the changing investment structure …

Read More »

Citi named best corporate / institutional digital bank in Jamaica

Citi was recognized as the best corporate / institutional digital bank in Jamaica by Global Finance magazine in the 22sd annual competition “World’s Best Business Banks / Digital Institutions in Latin America”. This is the second year in a row that Citi Jamaica has been recognized as the best digital …

Read More »

How To Check Your Credit Score For Free With CreditWise

Editorial independence We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information, see How we make money. When it comes to your credit score, staying on …

Read More »

User experience: the ease to please

However, according to the latest RFi Global Digital Banking Council survey, in terms of growth and frequency of use, mobile wins. Over 50% of respondents use mobile banking on a weekly basis and an additional 25% use it daily, compared to 49% and 21% for online banking. In essence, Internet …

Read More »

How to get £ 130 in free cash before Christmas by changing banks

CHANGING your checking account can be a quick and easy way to make money – some banks are offering up to £ 130 to convince you to sign up. And as Christmas approaches, it’s a great way to inject a boost into your finances, which means you can cover holiday …

Read More »

Kaya 2.0 offers an enhanced digital banking experience for co-ops

The Kaya 2.0 payment platform is a vector of financial inclusion for members, especially in rural areas. The National Confederation of Cooperatives (Natcco) and the Philippine Federation of Credit Unions (PFCCO) have launched Kaya 2.0, an enhanced version of the Kaya payment platform. Kaya is a cooperative-owned, cooperative-led and cooperative-governed …

Read More »

Cops and Banks Investigate Traits of Fraud | Calcutta News

Calcutta: Most online banking frauds take place on the second and fourth Friday, with criminals knowing full well that not all banks have 24/7 hub staff who can liaise with police on weekends -end. Likewise, most bank fraudsters prefer to use mobile phone apps (instead of computers and laptops which …

Read More »

Eight emerging technologies shaping the FinTech industry in 2021

by Analytics Insight September 18, 2021 In a decade, FinTech organizations have used innovation, inventive cultures, excess data and advanced analytics to change the financial ecosystem. From payments, infrastructure and access to financial services to distribution and sustainability components, FinTech companies’ solutions have impacted the entire banking industry. At first, …

Read More »

Race to digital banking keeps all CEOs from sleeping – PwC

PwC says banks rely on their digital game to stay relevant to customers. PwC says the biggest spending by banks currently appears to be on technology and digitization. He says the Big Four banks are all investing billions of rand in it from different angles. PwC says banks rely on …

Read More »

SCB Abacus’ growth attracts technology investors

SCB Abacus’ growth attracts technology investors Lender raises US $ 12 million in financing SCB Abacus, an alternative digital lending platform of Siam Commercial Bank, has raised $ 12 million (396 million baht) in a Series A funding round and is targeting digital lending growth of 10 times this year. …

Read More »

Kiwibank Internet Banking Goes Offline Again As Banking Problems Extend For Fifth Day

Tom Pullar-Strecker / Tips Kiwibank will not say whether a cyber attack is to blame or not. Kiwibank customers said they could not access the internet and mobile banking services on Sunday morning as the string of problems affecting New Zealand banks dragged on for a fifth day. Spokesman Mike …

Read More »

Butterfield banking hours and appointments

The Bank of Butterfield announced today that from Monday [Sept 13] and “until further notice, Butterfield banking centers will operate at reduced hours and their offices will be by appointment only”. “Butterfield banking centers will now be open at 9:00 am – 2:00 pm, Monday through Friday. To protect members …

Read More »

Buy Now Pay Later Platforms are everywhere; PayPal may offer stock trading

Claim Stock Skyrocket 40% on News Amazon Partners with Buy Now, Pay Later Fintech Company Affirm shares jumped 40% in the after-hours session on Friday after the financial technology company said it had partnered with Amazon to allow an after-hours payment option at checkout from Amazon. Some Amazon customers will …

Read More »

Minister of Finance unveils 4th edition of public sector banking reform program – EASE 4.0 in Mumbai

The Minister of Finance and Union Affairs, Nirmala Sitharaman, today unveiled the fourth edition of the Public Sector Bank (PSB) reform program “EASE 4.0” for 2021-2022 – a technology bank, simplified and collaborative. She unveiled the annual report of the PSB EASE 3.0 reform program for 2020-2021 and participated in …

Read More »

Housing and Development Bank Achieves 10.8% PBT Growth to EGP 1.45 Billion in H1 2021

The Housing and Development Bank (HDB) achieved a profit before tax (PBT) of EGP 1.45 billion in the first half (S1) of this year, compared to EGP 1.309 billion in H1 2020, an increase of 141 M EGP (10.8%), according to the president and general manager of HDB Hassan Ghanem. …

Read More »

Qatar First Bank achieves half-yearly net profit of QR 41 million

Qatar First Bank (QFB) achieved half-year net profit attributable to shareholders of QR41mn. This makes it a third consecutive quarter of net profit for shareholders and the highest half-yearly net profit for QFB in the past five years. QFB recorded a total income of QR 107.2 million in the first …

Read More »

Global Cybersecurity Market Analysis and Trajectory Report 2021: Market To Reach $ 296.5 Billion By 2027 – Endpoint Security Expected To Be $ 100.2 Billion – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The report “Cyber ​​Security – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer. Global cybersecurity market to reach $ 296.5 billion by 2027 Amid the COVID-19 crisis, the global cybersecurity market estimated at US $ 162.9 billion in 2020, is expected to …

Read More »

Vietnam becomes Southeast Asia’s next fintech battleground

For Vietnamese fintech startup MoMo, the key to winning the battle against Grab, Sea and other rivals for the country’s 100 million consumers may be a simple cup of coffee. Ahead of Vietnam’s latest COVID lockdown, the Ho Chi Minh City-based company ran promotions with some of the country’s biggest …

Read More »

Citizens Bank to close downtown New Kensington branch

And then there was one. The Citizens Bank branch at the corner of Fifth Avenue and Ninth Street in New Kensington will close in mid-November, leaving First National Bank along Eighth Street as the only bank branch remaining in the city center . “We continue to assess, evolve and adjust …

Read More »

Mobile money has enormous potential to change the lives of South Africans

By Jaco Saunders Mobile money has seen massive adoption in Africa over the past decade, but South Africa has fallen behind due to the country’s strict banking laws, which have been a significant barrier to entry. However, the potential of mobile money solutions cannot be ignored and financial institutions are …

Read More »

Access Softek provides chatbot and biometric authentication to Great Lakes Credit Union

Access Softek will help Great Lakes Credit Union (GLCU) ​​continue their digital transformation. The company has already equipped the GLCU with its mobile banking solution, and will now complement it with its Orpheus Online Banking, Conversational Banking and Biometric Authentication Manager (BAM) offers. The new features will enable the GLCU …

Read More »

Apple under fire from banks, regulators over payment app restrictions

But the ACCC appears to be taking a tougher line against Apple, following its investigation into the digital platform, which has raised concerns about Apple and Google’s market power over apps. The ACCC, which will appear before the PJC next week, told the committee in a brief that “with rapid …

Read More »