Latest Payments News: Finextra Research

Oz payments firm Fat Zebra buys open banking outfit Adatree

Australian payments infrastructure provider Fat Zebra has acquired local open banking technology platform Adatree. Financial terms were not revealed.

06 February 2024

/payments

TCS in running to take over UK's Faster Payments - Sky News

Tata Consultancy Services (TCS) has emerged as a leading contender to take over the running of the UK's Faster Payments Service, according to Sky News.

06 February 2024

/payments

HSBC installs first of ten 'Cash Pods' in town with no bank branches

HSBC UK has introduced its first standalone ‘Cash Pod’, which will provide improved access to cash in the Crown Glass Shopping Centre in Nailsea, North Somerset, in advance of the closure of the last bank in town.

05 February 2024

/payments

Circular economy fintech Twig shuts down

Twig, a London-based 'circular economy' fintech is closing down after failing to raise funding.

05 February 2024

/payments

Paytm shares plummet on RBI curbs

Indian payments giant Paytm has seen its shares price drop 20% for the second day running - knocking around $2 billion off its market value - after its banking business was hit with strict curbs by the RBI.

02 February 2024

/payments

TSB to shutter branches and cut jobs in cost saving exercise

In response to news reported by Sky, TSB have provided comment to Finextra after Sabadell CEO Cesar Gonzalez-Bueno was questioned about a £29 million provision set aside for restructuring within the UK bank.

02 February 2024

/payments

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.

02 February 2024

/payments

Mastercard supercharges fraud detection with GenAI

Mastercard is turbocharging its fraud detection technology with generative AI that can scan a trillion data points to predict whether a transaction is likely to be genuine or not.

02 February 2024

/payments

Another one bites the dust: Kikapay goes under

Kikapay, an early startup in the UK's open banking scene, has become the latest fintech to fall victim to changing economic conditions.

01 February 2024

/payments

Businesses measure the benefit of open banking payments

Business that use open banking for payments report an average annual saving of 150 hours usually spent on operational tasks such as processing invoices and financial data, recurring payments and processing refunds, new research from NatWest reveals.

01 February 2024