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Salt Bank adopts Starling Bank’s SaaS platform

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Starling Bank's Software-as-a-Service (SaaS) platform, Engine, has secured Salt Bank, formerly known as Idea Bank, as its first client. Salt Bank, a subsidiary of...

RBI fines Paytm Payments Bank For KYC Failings

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The Reserve Bank of India (RBI) has imposed a fine of around $650,000 on Paytm Payments Bank for Know Your Customer (KYC) requirements lapses. Last...

Japan’s payments clearing network goes down

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A day-long outage at Japan's interbank clearing network caused 1.4 million money transfers by customers of the country's 11 largest banks to be in...

Starling Bank eliminates monthly fees for children

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Starling Bank is eliminating the £2 monthly fee for its Kite debit card and app for children following research that revealed the UK's young...

EPI unveils digital wallet ‘wero’

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Originally established to create a European alternative to Mastercard and Visa, the European Payments Initiative has chosen 'wero' as the name for its upcoming...

UBS launches completely digital product line

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Multinational investment bank and financial services company, UBS is launching its completely digital product line targeting digital-savvy younger users in Switzerland. Dubbed UBS key4,...

Amaiz introduces app-based banking service for UK ‘solopreneurs’

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UK-based startup Amaiz has announced the launch of a specialist banking app for freelancers, gig workers, entrepreneurs, and contractors. The all-in-one business banking app aims...

UOB launches new digital bank in Thailand

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United Overseas Bank has launched the mobile-only bank dubbed TMRW hoping to win the Millennial crowd and ease their banking experiences. With its pure-play digital...

TD personalize its app with new AI-powered chatbot

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TD Bank Group (TD) is introducing TD Clari ("Clari"), a new artificial intelligence-powered chatbot integrated into its banking app to offers a more personalized experience...

Monzo appoints former head of Northern Rock as chairman

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UK based digital bank Monzo has hired former chief executive of collapsed lender Northern Rock, Gary Hoffman as its new non-executive chairman. The appointment comes months...