Westerra credit union partners with Backbase
Westerra Credit Union is a leading Colorado financial cooperative. They have announced that it has partnered with Engagement Banking technology provider, Backbase. This is to accelerate its digital transformation journey. The collaboration will see Westerra adopt Backbase’s Digital Sales and Digital Banking solutions. So that this can provide omnichannel solutions for retail and business banking […]
Key takeaways from Money 20/20 Europe 2021
Money 20/20 Europe 2021 brought together key players from throughout payments for a series of presentations and debates on the key concerns and opportunities within the industry. This event brought together over 1,500 people. Gathering alongside other delegates in Amsterdam for one of the first in-person events since the onset of the pandemic. The European […]
Key trends in payment authentication
Consumer demands have significantly increased, both in online and in real. Easy, interconnected payment solutions are now expected. This leaves the merchants constantly to look for ways to provide a seamless checkout experience. The difficulty that merchants face is the cart abandonment. This is with over two thirds of purchases cancelled before checkout, especially due to frustration. […]
Financial service providers falling short
PA Consulting (PA) has published new global research. That is revealing an overwhelming majority of people expect sustainable financial services to become the norm (93%). According to the research, consumers are currently facing a critical knowledge gap. This should serve as a wake-up call to financial services providers. PA surveyed 3,500 consumers globally. Also, consumers of […]
Eightcap Launches Impressive Award-Winning Crypto Derivatives Offering with Ultra-Low Spreads
Eightcap, a multi-award-winning CFD broker, has announced the launch of over 250 Cryptocurrency derivatives, allowing its clients to diversify their crypto portfolio via the MT4 and MT5 platforms. This new launch positions the broker as the new home of crypto derivatives. Not only has Eightcap’s latest crypto launch surpassed what other derivative providers are currently […]
Cryptoization threatens financial stability
The International Monetary Fund said that the advent of digital currencies in emerging markets could spark cryptoization of local economies. This is upsetting financial stability. Bitcoin and its kin have soared in price and popularity over the last year. This can be seen in economies such as Vietnam, India and Pakistan. U.S. blockchain researcher Chainalysis […]
Mastercard taps into buy now, pay later
Mastercard Inc launched a buy now, pay later service. This taps into a market that is threatening to chip away at the dominance of credit cards as a main source of payments. During this pandemic, the buy now, pay later sector got a boost. This is because of the ease of making part-payments for products […]
After China central bank vows to crack crypto trade, Bitcoin slips
Bitcoin fell nearly 5% after China’s central bank said that it would crack down on cryptocurrency trading. From providing services to mainland investors, they have banned the overseas exchange. The largest cryptocurrency was last down 4.6% at $42,874. This fall down is with smaller coins that typically trade in tandem with bitcoin also tumbling. Ether fell over […]
Top stay in transactions and credits
Corporate treasury departments have been under a lot of pressure. The department is expected to keep companies running with smooth, stable access to credit facilities with banks and insurance providers. And also, there is extreme pressure from audit committees, shareholders and chief financial officers. But it is more difficult for treasuries to continue to use […]
As Evergrande-led selloff eases, Bitcoin attempts recovery
Cryptocurrency prices bounced off 1-1/2 month lows. This is because a heavy selloff overnight linked to concerns about a possible loan default by property developer China Evergrande eased slightly. Bitcoin is the biggest and the best-known cryptocurrency. It traded around $43,000, recovering from a fall to $40,192 earlier in the session. Smaller rival ether, the […]