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GCC consumers will opt for digital banking services over visiting a physical branch

Consumer appetite for digital banking services continues to grow in the countries of the Gulf Co-operation Council (GCC), accelerated further by the COVID-19 pandemic, according to a new survey conducted by Backbase with YouGov. Eighty-nine percent of respondents to the survey said that they are...


The future of London FinTech is centred around partnerships

It’s been stated that FinTech innovation will be at the heart of London’s recovery. Innovate Finance data shows US$4.1 billion was invested across 408 deals in 2020, putting the UK second only to the US in total capital raised and showing the continued importance of the industry to...


BofA ranks number one in Nilson Report’s US Commercial Credit Card Rankings

In an extraordinary year for payment trends, Bank of America once more retained its ranking as the top issuer of Visa and Mastercard commercial credit card solutions in the US. The 2020 rankings, published by the financial industry publication, The Nilson Report, represent the seventh...


FinTech, Ofin, tackles behavioural changes needed to address financial inclusion

It is a common belief that financial access should lead to financial prosperity. According to the World Bank, financial inclusion is defined as all people and businesses having access to useful and affordable financial products and services that meet their needs. Sakhile Mabena, CEO, Ofin, a...


KX integrates e-comms with trade surveillance for improved regulatory compliance and fraud detection

KX, a worldwide leader in real-time streaming analytics, has announced the integration of an electronic communications (e-comms) capability with its award-winning KX Surveillance solution. This enhancement enables the real-time capture, processing and analysis of unstructured data – such as...


Net Purpose partners with tickr to provide impact data

Net Purpose, a global impact data provider for responsible, sustainable and impact investors, is partnering with tickr, an impact investing app, to provide data to measure the social and environmental outcomes of its funds. Founded in 2019 with the goal of reaching one million investment...


Afreximbank announces an African Medical Centre of Excellence in Abuja, Nigeria

African Export-Import Bank (Afreximbank) has announced the commencement of its African Medical Centre of Excellence (AMCE) project in Abuja, Nigeria. It will provide world-class care to both low- and high-income patient groups across the continent. The Bank recently formalised its long-term...


Increasing demand for payroll in the cloud fuels continued growth across EMEA and Asia-Pacific regions

Workday, a leader in enterprise cloud applications for finance and human resources, has announced plans to deliver Workday Payroll for Australia and Workday Payroll for Germany. Workday Payroll for Australia and Workday Payroll for Germany will leverage the company’s...


HSBC strategically repositions US retail business towards international banking and wealth management

HSBC has announced that it will exit its US domestic mass market retail banking business through several transactions, pending regulatory approval. It wants to exit 90 branches out of a current branch network of 148 branches. HSBC Bank USA (HBUS) will retain a small network of physical locations...


Aosom sees business growth through ManoMano partnership

Aosom sells a range of home, garden, pet and car accessories across six individual brands. It has gone from strength to strength after launching on the marketplace, ManoMano, which has over four million products in six countries. Diego Castro, Account Manager at Aosom, explains how the...


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