Mobile & online banking

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Revolut says Meta platforms are a 'hotbed' for scams

/security

Revolut says Meta platforms are a 'hotbed' for scams

In tune with bank findings, Revolut scam data for 2023 reveals that the majority of all its reported crime cases in the UK started on Meta platforms.

/retail

EY and MoneyLion form alliance

The EY organization today announces an alliance between MoneyLion Inc. (“MoneyLion”) (NYSE:ML), a leading enterprise and consumer FinTech company, and Ernst & Young LLP (EY US), to help drive innovation and growth within the banking sector.

/payments

PayTabs integrates SoftPOS with Nearpay’s ‘Tap to Phone’ technology

PayTabs Group, MENA’s award-winning payment orchestration powerhouse today announced it had partnered with Nearpay, Saudi Arabia’s leading Payment Infrastructure as a Service fintech brand to offer users across Jordan and other PayTabs markets in the region, an elevated soft POS payment experience.

Banorte launches bineo, the first completely digital bank in Mexico

/retail

Banorte launches bineo, the first completely digital bank in Mexico

Chairman of Grupo Financiero Banorte, Carlos Hank Gonzalez, has launched bineo, the first fully digital bank in Mexico.

/security

Wisecard Technology joins the Multos Consortium

The MULTOS Consortium, a group of international blue-chip organisation responsible for the promotion and development of the MULTOS technology, announced today that Wisecard Technology, pioneers of innovative payment solutions has joined as a Partner Member.

Bunq hits FY profitability; targets UK

/retail

Bunq hits FY profitability; targets UK

Dutch neobank Bunq is planning its UK re-entry after recording its first full year of profitability.

Lloyds closes mobile bank branch service

/retail

Lloyds closes mobile bank branch service

With customers carrying out more banking through their phones, Lloyds is shutting down a different kind of mobile service, the vans that drive to towns across the UK offering an alternative to branches.

/retail

Interactions on BBVA’s app rose 32 percent in 2023

BBVA’s app is the main channel customers use to contact the bank.

/retail

The Bank of Missouri signs with i2c

I2C Inc., a leading provider of banking and payments solutions, announces a five year partnership with The Bank of Missouri (TBOM) a celebrated community bank renowned for its pioneering digital banking initiatives.

Lloyds cuts branch jobs as customers go digital

/retail

Lloyds cuts branch jobs as customers go digital

Lloyds Banking Group is cutting around 1600 jobs in its branch network, although the bank is also creating more than 800 roles in an expanded "relationship growth" team as it retools for a digital-first future.

Qatar's Karty raises $2m for digital wallet

/startups

Qatar's Karty raises $2m for digital wallet

Qatari digital wallet startup Karty is gearing up for launch after securing more than US$2 million in seed funding.

/retail

Libyan Islamic Bank boosts digital customer experience with Backbase

In an effort to streamline its customer service operations and enhance its customers’ digital banking experience, Libyan Islamic Bank (LIB) has partnered with Backbase, the renowned expert in engagement banking platform solutions worldwide.

/wealth

Moneyhub and Vodafone expand partnership

VOXI by Vodafone has expanded its partnership with Moneyhub, the award winning top global fintech, to offer customers 12 months of free access to its financial wellness app.

Digital Onboarding raises $58m

/retail

Digital Onboarding raises $58m

Boston-based SaaS fintech Digital Onboarding has raised $58 million from Volition Capital.

Commerzbank and Global Payments form payments joint venture for SMEs

/payments

Commerzbank and Global Payments form payments joint venture for SMEs

Global Payments and Commerzbank are to launch a joint venture company catering to the digital payment needs of small and medium sized enterprise in germany.

/sustainable

Karma Wallet goes live with $2 million capital injection

In a bold move to fuse financial technology with environmental stewardship, Karma Wallet has announced the launch of their Karma Wallet Card, a groundbreaking new spending tool that redefines the power of purchase.

Nu Mexico lets customers receive payments from US via WhatsApp

/payments

Nu Mexico lets customers receive payments from US via WhatsApp

Nubank customers in Mexico can now receive money from the United States via WhatsApp thanks to a partnership between the digital banking giant and Felix Pago

/wealth

Emirates Islamic to launch a digital wealth offering and equity trading on its mobile banking app

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of a Shariah-compliant digital wealth and equity trading platform on its EI + mobile banking App, becoming the first Islamic bank in the UAE to offer this feature to its customers.

/regulation

Kuwait International Bank unveils KYC updates on mobile app

As part of the services offered through its mobile application, Kuwait International Bank (KIB) launched its “Update your KYC” service that enables all customer segments to update their information and personal data wherever they are, whether inside Kuwait or while traveling abroad, at any time around the clock.

/retail

Mashreq ships new mobile app

Mashreq, one of the leading financial institutions in the MENA region, announced the launch of its innovative mobile app, Mashreq UAE, aimed at providing a superior digital experience for its customers.

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