China March new bank loans rise but broad credit growth eases
Due to strong corporate and household demand, new bank loans in China have risen when compared to last month. This is because the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. In March, Chinese banks extended 2.73 trillion Yuan ($416.62 billion) in new Yuan loans, up from 1.36 […]
Credit scores and open banking’s real time perception
FCA study recently found that 14 million people were contending with the financial issues at the end of 2020, which represented more than a quarter of the UK’s adult population. The image is considerably tough for SMEs, which have been impacted majority by the lockdowns, loss of earnings and more. It is estimated that the […]
SoftPOS solutions benefits multiple factors
The Global digital payment is set to reach $236.10 billion by the year of 2028. With more of this kind of growth attributed to the arrival of the new techs and those considering to capitalize on the growth sector of the digital may not have an idea of where to start. But it is a […]
Exclusive Brazil’s NU Bank readies U.S Stock Market Listing Sources
Brazilian digital bank Nubank has initiated preparations for a U.S. stock market listing. As yearly as this year this would come, according to some people well versed with this matter. In recent years, it would be one of the biggest stock market debuts of a South American company. David Velez, a Stanford-educated Colombian founded the Sao […]
Citigroup steps up Western European Corporate Banking push
Citigroup is expanding its commercial banking operations in Europe, Middle East and Africa (EMEA). As part of a wider bid to capitalize on its global presence, looking to take on local banks serving mid-sized companies. Last year around 30 hires were made by the bank in Britain. This year initially, 25 staff including bankers and […]
OPEN BANKING Revolution in Vietnam
Banking sectors new revolution is the open banking. To keep up with the rapid financial landscape, Vietnam is introducing open ApIs. We can get an idea about digital transformation strategy by the Digital transformation in Vietnam. About 94% of the banks have initially implemented this and 35% of banks are in the process. Saigon Commercial […]
40 Million USD in Series B Extension Funding raised by Singapore based Neo Bank StashFin
StashFin is a Singapore based neo-banking start up. StashFin, founded in 2016, offers a Credit Line Card in partnership with VISA that permits customers to access their credit facility with easy monthly instalments and zero annual fees. Customers can order physical and virtual credit line cards that provide credit access across a broad array of […]
How to migrate to ISO20022 without touching your core systems
Banks and payment institutions are now rushing to upgrade their core systems, because of the ISO20022 migration approaching. The great opportunities offered by the new messaging protocol are for the Electronic Money Institutions (EMIs) and banks to make payments in a way more efficiently. Anyhow, the cost of upgrading core system is large and also […]
Digibank Aspirant Selects Mambu Because to Build its Digital Bank UNO of Philippines
DBS is a leading financial services group in Asia, with its headquarters at Singapore. It is recognised as the ‘’World’s best bank’’ by Euromoney. Fintech Digi Bank Asia is currently constructing its digital bank dubbed namely UNO, has chosen cloud banking flooring Mambu for its science platform. Managing director APAC, at Mambu, Myles Bertrand said […]
Global Digital Payment Company STRIPE Expands to DUBAI
Digital payment giant Stripe, has announced the opening of an office in United Arab Emirates financial capital Dubai. This will be the company’s first expansion into the Middle East. Stripe, US based digital payment company, having its headquarters over Dublin and San Francisco, has expanded its business to UAE. More than 50 companies use Stripe, […]