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Key Trends For Banks to Maintain Strong Performance in 2023

Global consultancy, Kearney, has released the fifteenth edition of its annual European Retail Banking Radar. This radar tracks the performance of 89 retail banks across 21 European markets.

Industry Leaders Welcome UK Open Banking Expansion and Payment Tech Recognition

Fintech leaders have welcomed the UK government and regulator’s plans to develop a new entity and regulatory framework for open banking, saying it will help to build scale and expand the benefits of open banking to more sectors.

Lloyds Banking Group invests £10 million in digital identity company Yoti

Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data.

UAE Company Natify Raises $350K Pre-Seed Funding to Revolutionize In-Game Ads

Natify has been generating buzz in the gaming industry by providing a platform with innovative and scalable native product placement solutions for games and metaverses. The company has recently announced a successful pre-seed funding round, raising $350,000 in investment from Continental Club Invest.

Aviva plc commits a further £150 million to Aviva Ventures

Aviva today announces the commitment of a further £150m to its corporate venture capital fund, Aviva Ventures. The fund will focus on delivering returns through investments into early-stage businesses that bring Aviva new opportunities and insights into emerging technology and customer trends.

Using Cryptocurrency for Money Laundering is a Growing Threat

Cryptocurrency-related money laundering is a growing threat, according to recent data uncovered by anti-money laundering (AML) startup First AML.

The Digital Currency Monetary Authority (DCMA) Confirms Launch of CBDC

The Digital Currency Monetary Authority (DCMA) announces the official launch of an international central bank digital currency (CBDC).

Singaporeans Prefer Digital Remittance Platforms for International Transfers

Nearly three in four remittance users in Singapore prefer using app-based digital remittance platforms to send or receive money, according to insights from Visa.

Mastercard Accelerates Move Toward Sustainable Plastics in Cards

Mastercard is accelerating efforts to remove first-use, PVC plastics from payment cards on its network by 2028. The decision reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce the environmental impact of their wallets.

Visa: Digital Remittances Growth to Continue as UAE Heightens Adoption

Money transfers across borders can be fragmented, slow, inefficient and expensive even today. But as new technology offerings continue to join the remittances landscape, around 70 per cent of consumers across the UAE believe the future lies in digital international payment methods; according to new Visa research.

Taxation of Mobile Money Services Could Inhibit Financial Inclusion

Vodacom Group has published a new policy paper focused on ‘mobile money’; looking at the impact that changes in mobile money taxation have on financial inclusion across Africa.

Visa to Implement Contactless Payment for Public Transport

Digital payments leader Visa has signed a memorandum of understanding with the Municipality of Greater Amman in Jordan to implement secure, contactless payment technology solutions across the fully integrated Amman Bus Rapid Transit, operated by Amman Vision Investment & Development (AVID).

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