As governments across Europe turn to increasing interest rates to control inflation, many SMEs are struggling to keep their heads above water. In an attempt to help, SME Bank offers some potentially crucial advice. Virginijus Doveika is the CEO of SME Bank, a Lithuanian neobank catering to small and medium-sized enterprises (SMEs). Here, he explains how SMEs can […]
SME owners in the UK are due more than £7.5billion a year in ‘missing’ savings interest; business bank Allica Bank has revealed after new research. Rising interest rates, the cost-of-living crisis and less-than-favourable macroeconomic conditions continue to pile pressure on SMEs – but Allica Bank has found that the biggest high street banks in the UK may be keeping billions from […]
- By admin
- November 1, 2023
- Digital, Digital Banking, Fintech, Online Payments, Payment Service Provider, Payment Software
Australia’s financial services sector is witnessing a significant shift towards digital banking, with cloud banking platform Mambu outlining its role in the transformation. Mambu has steadily expanded its influence in the Australian market by partnering with 10 financial service providers, including Angle Finance, Bluestone Home Loans, Commonwealth Bank of Australia, Lumi, Nimble, Prospa and Tyro. In a visit to Sydney […]
Banco do Brasil, one of the largest financial institutions in Latin America, through a bidding process, has chosen HCLTech, a global tech firm, to support the bank’s digital transformation and customer relationship management (CRM) journey and implementation of Salesforce. HCLTech partnering with Salesforce enables Banco do Brasil to hyper-personalise customer relationship and service solutions, generating greater customer satisfaction and […]
The University of Waikato, an educational institution located in New Zealand, has launched the country’s first Bachelor of Banking, Finance & Technology (BBFinTech) programme in response to the call for more graduates equipped with the skills demanded by the fintech sector. Waikato is New Zealand’s leading business school, ranked number one for business and economics and is […]
- By admin
- November 1, 2023
- Digital Currencies, Fintech, Online Payments, Payment Service Provider, Regulation
Hong Kong’s Securities and Futures Commission (SFC) is implementing a series of enhanced measures to reinforce information dissemination and investor education, following recent concerns regarding unregulated virtual asset trading platforms (VATPs). The news swiftly follows a high-profile case involving unlicensed crypto exchange JPEX, which SFC has accused of misleading investors. It believes that JPEX was actively marketing products […]
As Australia works on developing its central bank digital currency (CBDC), fintechs are exploring the use cases of the digital currency. The latest to do so is Mastercard as it partners with Cuscal and Mintable, the Australian paytech provider and NFT-as-a-Service provider, to tokenise CBDCs on different blockchains. The Mastercard solution includes controls that ensure the pilot CBDC […]
Blockchain and cryptocurrency hype has dramatically risen and fallen, and ebbed and flowed, throughout the last five years. From Bitcoin reaching an all-time high in price in November 2021, to it having lost two-thirds of its value just seven months later – the crypto market’s reputation for volatility has certainly been justified. To understand whether […]
Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO.
The Monetary Authority of Singapore and the Federal Reserve Bank of New York are teaming up to explore the use of wholesale CBDCs for cross-border payments.