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Nedbank collaborates with Africarare to enter the metaverse
Nedbank becomes the first South African bank to enter the metaverse. The lender is the fourth largest bank in the country by assets. By...
BUSINESS
Hello Digit fined $2.7M for wrongfully taking money from users
The Consumer Financial Protection Bureau (CFPB) has taken action against the personal saving app, Hello Digit for wrongfully charging users with overdrafts and overdraft...
Stripe expands infrastructure for global bank transfers
Irish-American payment processing platform, Stripe is looking to expand its infrastructure to provide bank transfer offerings to businesses in the UK, EU, and Mexico....
PAYMENTS
SECURITY
European Central Bank lays foundation for crypto licensing
The European Central Bank (ECB) has released a new statement mentioning the criteria it will be taking when harmonizing the licensing requirements for crypto...
ANNOUNCEMENTS
Abu Dhabi to launch blockchain and virtual assets committee
Abu Dhabi is looking to form a government committee that can develop a strategy on how the nation can regulate crypto and other digital...
Google Wallet is now available worldwide
Tech giant Google is looking to reboot its mobile payments system by making Google Wallet available for users all around the world.
It was during...
Stripe expands infrastructure for global bank transfers
Irish-American payment processing platform, Stripe is looking to expand its infrastructure to provide bank transfer offerings to businesses in the UK, EU, and Mexico....
Belgian KBC Bank launches blockchain-based Kate Coin
Belgium-based KBC group becomes the first financial institution in Europe to launch its own digital coin. Dubbed Kate Coin, the e-money token comes a...
Westpac launches DataX to deliver insights for clients
Westpac has become the latest bank to offer data analysis as a main source of revenue. Dupped DataX, the new offering collates millions of...
TECHNOLOGY
Palm vein biometric payments; Aeon and Fujitsu team up
Aeon Financial Services and Fujitsu are teaming up to test palm vein biometric payments that will let shoppers pay for their groceries with their...
Monzo partners with TransferWise for international money transfer
Challenger bank Monzo has announced a partnership deal with Transferwise for cross-border money transfer to 16 countries.
The Transferwise integration with the payments tab...
Citi invests in fixed income e-trading startup TransFicc
Citi made a strategic investment in UK-based electronic trading technology startup TransFicc for fixed income and derivatives markets.
With the deal, Citi joins the existing...
SingHealth breach; Singapore’s banks to tighten customer checks
Singapore's banks have been told to tighten customer data verification processes following the recent SingHealth cyber attack, by which personal data of 1.5 million...
TD personalize its app with new AI-powered chatbot
TD Bank Group (TD) is introducing TD Clari ("Clari"), a new artificial intelligence-powered chatbot integrated into its banking app to offers a more...
RETAIL BANKING
SBI teams up with Digital Assets for ‘smart yen’
Financial services group SBI Holdings (SBI) is making a strategic investment in Digital Assets to develop a programable currency for the Japanese market through...
