N26 launches in the US

Read    |   July 12, 2019

Standard Chartered accelerates momentum of its digital strategy across Africa

July 2, 2019 Digital Banking

        Digital banks are now available in Botswana, Zambia and Zimbabwe as part of the bank’s digital transformation strategy for Africa. Standard Chartered announced that another multi-market launch of its digital bank in Botswana, Zambia, and Zimbabwe as part of its digital transformation strategy in Africa. The next wave of digital-only banks follows launches in Uganda, Tanzania, Ghana, and...Continue reading

Facebook’s new digital wallet for a new digital currency

June 19, 2019 Payments

        We’re sharing plans for Calibra, a newly formed Facebook subsidiary whose goal is to provide financial services that will let people access and participate in the Libra network. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp and as...Continue reading

Standard Chartered Bank to set up fx e-trading and pricing engine in Singapore

June 3, 2019 Payments

        Standard Chartered Bank announced its plan to establish a Foreign Exchange (FX) e-trading and pricing engine in Singapore, with support from the Monetary Authority of Singapore (MAS). Standard Chartered Bank will launch this e-trading engine by the first quarter of 2020, offering the Bank’s clients FX e-trading of 130 currencies and more than 5,000 currency pairs in Spot,...Continue reading

Deutsche Bank launches instant payments in Malaysia

May 14, 2019 Payments

        Deutsche Bank announced that it is now able to process payments using Malaysia’s instant credit clearing system, DuitNow for corporate clients. Duitnow is an initiative aligned with the ambitions of ASEAN 2025, which include creating a regional real-time payment ecosystem. This real-time fund transfer platform will allow Deutsche Bank’s corporate clients to make payments and receive funds nationwide,...Continue reading

Central Banks of Canada and Singapore conduct successful experiment for cross-border payments using Distributed Ledger Technology

May 2, 2019 Blockchain

        The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies. This is the first such trial between two central banks and has great potential to increase efficiencies and reduce risks for cross-border payments. Cross-border payments today are often slow and costly. They...Continue reading

RBS begins trial of card payments verified by fingerprint

April 26, 2019 Digital Banking

        RBS has today put the first biometric fingerprint card issued by a UK bank into use. The bank is piloting the technology with 200 customers as part of a three-month national trial. Customers use their fingerprint to verify transactions above the £30 contactless limit, increasing security and making it easier to pay for goods or services. The card...Continue reading

World’s Fifth Largest Bank Confirms Launch of MUFG Coin for 2019

April 15, 2019 Blockchain

        After months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency. MUFJ President, Mike Kanetsugu revealed that the company plans to deliver the Coin before the end of 2019. According to Kanetsugu, MUFJ will lean on businesses including retail outlets and...Continue reading

Emirates NBD’s digital-only bank partners with US-based Kasisto to launch conversational AI chatbot

April 2, 2019 Digital Banking

        Liv., the lifestyle digital bank by Emirates NBD and the fastest growing bank in the UAE, has partnered with US-based Kasisto, the creators of the KAI Banking AI platform for finance to introduce Olivia, Liv.’s conversational AI (artificial intelligence) based chatbot. With the launch of Olivia, Liv. customers can get account information and insights on their spending as...Continue reading

NatSave and Mastercard sign strategic agreement to drive digital transformation and financial inclusion in Zambia

March 18, 2019 Digital Banking

        The National Savings Bank (NatSave) and Mastercard have signed a strategic partnership agreement, which will see the bank rollout Mastercard Chip and PIN prepaid and debit cards to provide its customers with a safer and more convenient alternative to transacting with cash. This is in line with the government’s goal of creating an inclusive and modernized digital payments...Continue reading