Does regulation pose a threat to buy now, pay later market growth?
The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?
NatWest lets customers set transfer limits to reduce payment scam damage
NatWest is now allowing customers to establish their own daily digital bank transfer limits to reduce the impact caused by authorised push payment (APP) scams.
US trade report highlights challenges for bolstering financial inclusion
A new report by six US trade groups has underlined the obstacles and solutions for boosting financial inclusion and access across the US.
NatWest to block cryptocurrency payments following earlier FCA warning
UK retail bank NatWest will not accept payments in cryptocurrencies, according to the company’s head of risk Morten Friis.
Saudi Payments teams with IBM, Mastercard to launch instant payment system
Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.
IntellectEU launches AI platform to bolster wealth management personalisation
Belgian IT company IntellectEU has introduced VELMA – an AI platform that allows financial advisors to offer ‘hyper-personalisation’ in the wealth management sector.
FICO survey highlights evolving identity theft challenges in the online age
A survey by data analytics company FICO has found up to 4% of UK consumers believe their identity has been stolen online.
Santander IT infrastructure cloud migration grows as digital move accelerates
Banco Santander claims its digital transformation is ‘ahead of plan’ after it revealed more than 60% of its global IT infrastructure has already migrated to the cloud.
Nexi, Fiskl collaborate to bolster open banking services
FinTech mobile platform Fiskl has partnered with PayTech leader Nexi to bolster the latter’s open banking offering.
MAS penalises Singaporean bank branch S$1m for fraud, terrorism failures
The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.
