Latest news
Chief product officer Meron Colbeci will establish the hub, and will be joined alongside a newly-appointed team of senior leaders.
The latest edition features interviews with Canada’s Open Banking lead Abraham Tichjian and the UK’s OBIE chair and trustee Charlotte Crosswell.
With Open Banking the transaction cost number drops from 8% to less than 1% of the payment processed.
The banking sector is “a natural starting point” for rolling out consumer data rights, according to the Minister of Commerce and Consumer Affairs.
The bank has expanded its API suite to support demand from corporate, commercial, and institutional customers for real-time payments and automated reconciliation.
The technology behind Pay-by-Bank “reduces the likelihood of unauthorized transactions” and “frees” billers and merchants from having to retain consumer banking information.
The digital-only bank will charge UK-based Nigerians a flat fee of £3 with a transfer limit of £10,000.
The Middle East and Africa (MEA)-focused financial services platform plans to expand its reach across the region.
Charlotte Crosswell OBE, chair and trustee of the OBIE, will step down from her role when her contract expires.
Olga Shikhantsova, a partner at European venture capital fund Speedinvest, writes about why, no matter the macroeconomic outlook, there’s always an opportunity for fintechs to shake things up.
