Banking Infrastructure

Holvi cards suspended because of the Wirecard scandal

Holvi, the digital banking platform for freelancers, has become the latest FinTech firm to be swept up in the Wirecard scandal.

Only 14 out of 21 digital banking applications approved by MAS

The Monetary Authority of Singapore (MAS) has rejected eight out of the 21 digital banking applications submitted by the beginning of the year, but more are heading for the chopping block.

Mobile app flaws could leave half of mobile banks at risk of fraud

Over half of bank mobile apps could leave companies and their clients exposed to fraud, according to a new report.

Revolut unveils open banking feature for retail and business customers in Ireland

Neobank Revolut boasts having over one million retail and business customers who can from now on enjoy the FinTech unicorn's new open banking feature.

Three challenges facing European challenger banks when they go to the US

From regulatory loops to jump through to massive competition, European challenger banks have many obstacle to overcome if they want to expand across the pond.

CaixaBank is rolling out ATMs equipped with facial recognition technology

Spanish banking and insurance company CaixaBank is embarking on a new biometrics-powered initiative to add more security for its users.

Commonwealth Bank bans using banking service for abusive messages

Hot on the heels of the industry doubling down on preventing financial abuse, one of Australia's biggest banks has stepped up to prevent harassment...

Tink to support PayPal across Europe and receives strategic investment

Swedish open banking company Tink has filled its coffers by signing an extended commercial agreement with PayPal which now sees it include all countries within the European Economic Area (EEA).

Financial institutions individually spent over €50m on open banking last year

Open banking may have divided market stakeholders about how successful the initiatives have been so far, but that hasn't stopped financial firms from spending a lot of dosh on it.

indó formally takes a stand against money laundering with new Lucinity partnership

In its mission to rebuild trust in the banking industry, Icelandic neobank indó has signed a partnership with Lucinity to bolster its anti-money laundering (AML) defences.
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