/wholesale
Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar.
14 October 2024
/identity
Mastercard is to pilot launch a new service that gives issuers the ability to verify more detailed personal information about cardholders, eliminating the need to upload documents like photo ID, proof of residency or passport.
/payments
Revolut is rolling out a POS terminal device for larger businesses in the UK and Ireland in advance of Black Friday and the busy festive shopping season.
/retail
Credit Referencing Agency AperiData has released a real-time open banking credit score to help lenders more accurately guage the ability of applicants with limited credit history to repay their debt.
Citi's Token Services for Cash has gone live, enabling institutional clients to move money between branches around the world 24/7.
/sustainable
Dr Rich Stockdale, founder of Oxygen Conservation, gave the closing keynote of Sustainable Finance Live 2024, looking into how the investment into natural capital can evolve in the future.
11 October 2024
Regulation and policy can be an important step sustainable transactions at a global level. There are many different perspectives on how to help implement these regulations within the financial services, which this Sustainable Finance Live session covered.
/devops
The FinTech Impact Report 2024 reports that the UK fintech sector has improved financial inclusion and sustainable initiatives across the country.
/people
Former UBS chief executive Ralph Hamers has become an external senior advisor for Arta Finance, an AI-based digital wealth management startup founded by former Google executives.
London-based account-to-account payments provider Banked has gained a foothold in the Australian market through the acquisition of local player Waave. Financial terms were not disclosed.
Citi is working with Mastercard to enable clients to make real-time cross-border payments to debit cards.
/regulation
TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.
10 October 2024
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