Banking & Payments DECODED
Latest edition: 16 May 2024
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Latest news
Sexism in the City Inquiry
Katy Ruddell, Senior Counsel, Farrer & Co, discusses the recently published ‘Sexism in the City’ report and gives her take on the direction of travel for UK regulation of non-financial misconduct and what firms should prepare for.
Visa unveils new digital products
At the annual Visa Payments Forum in San Francisco, Visa unveiled new products and services that will enhance the card and address the future needs of businesses, merchants and consumers and the financial institutions that serve them.
UK-based green fintech, ekko, secures $2.5m
Climate fintech, ekko, has closed a $2.5m funding round led by Fuel Ventures. It is supported by Sorven Partners, Mishcon de Reya and existing investors. According to ekko. the raise will supercharge its ability to bring sustainability to the forefront of financial services. Specifically, it will enable banks, fintechs and payment providers to plug-in planet positive impact into their products.
Nearly 88% Hong Kong residents use mobile wallets for payments, reveals GlobalData
Mobile wallet usage is on the rise in the Asia-Pacific (APAC) region, a trend that is prevalent in Hong Kong (China SAR) as well, with nearly 88% respondents using mobile wallets for payments at shops, according to GlobalData, publishers of EPI.
Hedge funds prioritising fundraising over the next year
Hedge funds are looking to increase fundraising activity and diversification over the next year.
TerraPay and Al Ansari exchange partner to simplify money transfer
TerraPay has joined hands with Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC.
TCF 2024: customer centricity and innovation at the forefront
Temenos, a global innovator in banking software, kicked off its TCF 2024 conference in Ireland with a showcase of its achievements from the past year, highlighting key insights and strategies for the future.
JP Morgan's JPM Coin announced as the settlement mechanism for Broadridge's DLR platform
Onyx, JP Morgan’s blockchain business unit, and global fintech, Broadridge, are collaborating to offer JPM Coin as the settlement mechanism for Broadridge’s DLR (Distributed Ledger Repo) platform.
Payment cards continue to dominate Taiwan e-commerce market
Payment cards remain the preferred payment method for online purchases in Taiwan (Province of China), collectively accounting for 53.6% share in total e-commerce payments in 2023, reports GlobalData, publishers of EPI.
Find Out More
Truett-Hurst, announced that beginning Fall 2014 and Spring 2015, Total Wine & More, "America's Wine Superstore" will be adding several new Truett-Hurst SKU's to their wine listings.
In our previous edition
Banking & Payments Decoded
15 May 2024
Banking & Payments Decoded
14 May 2024
Banking & Payments Decoded
Economy and cybersecurity top concerns for the banking sector—just ask JPMorgan Chase
13 May 2024
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