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Banking & Payments DECODED

Latest edition: 14 May 2024
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Latest news

Q&A: Mitek and why soaring fraud remains dangerous in financial services

A new study conducted by Mitek Systems has unveiled a stark reality for the global financial services sector in which 76% of banks surveyed believe that fraud cases and scams have grown more sophisticated.

Synechron acquires Australia-based iGreenData

Global digital transformation consulting firm, Synechron, has acquired Melbourne-based data-centric digital solutions company, iGreenData. Founded in 2018, iGreenData specialises in cloud-enabled data and digital engineering.

Tide launches business financial platform in Germany

UK business financial platform, Tide, has launched its first product in Germany, a free current account aimed at small businesses. Germany represents Tide’s third market following the UK and India, where it successfully launched in December 2022.

Presidents Choice Financial selects Temenos to expand banking business

Presidents Choice Financial, the financial arm of Loblaw, has selected Temenos to extend its reach into the Canadian banking market. Loblaw is the largest grocery retailer in Canada with a market share of almost 30%.

Payment cards continue to dominate Taiwan e-commerce market, reveals GlobalData

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.

Napier AI and Salt Bank partner in Romania

Napier AI is to become the new anti-money laundering (AML) platform for Salt Bank, the first Romanian neobank. Napier AI provides its Transaction Screening product in a cloud environment, to Salt Bank. The solution will enable Salt Bank to handle 100s of millions of transactions easily.

Worldline partners with Visa to launch virtual card issuing solution for online travel agencies

Worldline has announced a partnership with Visa to launch a new virtual card issuing solution. The project will focus on the online travel agency (OTA) market due to a high demand for this solution and Worldline’s strong heritage and portfolio in travel. By combining the parties’ acceptance networks and seamless payouts, the virtual card issuing solution will streamline cash flow for OTAs.

Broadridge to acquire Kyndryl's Securities Industry Services wealth and capital markets technology platform

Global fintech Broadridge Financial Solutions is to acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform. SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management activities for Canadian financial services firms. Kyndryl intends to partner with Broadridge Canada by providing managed services and capabilities to SIS.