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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...


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...


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...


Insurance compliance brings growth opportunities

Angelique Strumpher, Manager at SilverBridge Holdings, explains how insurance compliance brings growth opportunities. Insurers should view the changing regulatory environment as an opportunity to redouble their focus on innovation, introducing more product flexibility, and enhancing customer...


Affordable digital banking to revolutionise price-sensitive East African payments market

In a region still dominated by cash and mobile money options, like M-Pesa, new collaborations between FinTechs are looking to capture the price-sensitive market with innovative, open-loop digital payment solutions in East Africa. According to Mark Dankworth, President International, Ukheshe...


ESET reveals 62% of consumers use some form of FinTech

ESET, a global leader in cybersecurity, revealed that almost two-thirds (62%) of consumers worldwide use some form of FinTech app or platform. However, only 17% strongly feel that the quality of information available on the potential risks related to the usage of FinTech applications – such...


HSBC switches to recycled plastic payment cards

HSBC is announcing a new programme to introduce sustainable payment cards across all its global locations. By the end of 2026, it will eliminate single-use PVC plastic, in favour of recycled PVC plastic (rPVC). The programme – which includes HSBC’s debit, credit and commercial cards...


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