Zopa has been awarded its full bank licence, launching at a time when consumers need financial services providers to work on their behalf more than ever.   Zopa Bank will focus on better meeting the financial needs of UK customers in sectors where they have traditionally been poorly served, while also delivering an experience that matches their […]

Statrys announces its partnership with Railsbank, the leading global open banking platform. Statrys expands its current service offerings (online business account, payments, and forex solutions) to provide local currency accounts in EUR and GBP for Asian SMEs. “We’ve banked with Statrys for a few months because we knew they would launch the local currency accounts. Having access to […]

Mastercard announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million if performance targets are met. The addition of […]

Global insurer AXA has announced a new collaboration with The Western Union Company, which specializes in cross-border, cross-currency money movement and payments, to provide inclusive insurance products to Western Union’s customers. By linking insurance to money transfer services, the partnership will help to better cover migrant workers and their families at home. An initial pilot, […]

Visa Inc. (NYSE: V) today announced a digital tool to help U.S. financial institutions with their efforts to combat new account fraud – estimated at $10 billion a year – and give consumers greater peace of mind. Advanced Identity Score combines Visa’s artificial intelligence and predictive machine learning capabilities with the application and identity-related data to generate a risk score […]

OCBC Bank partners seven medical groups to launch the HealthPass by OCBC mobile app, providing access to more than 100 general practitioners (GPs) and specialists to address the healthcare needs of all Singapore residents over the age of 18, including non-OCBC Bank customers. Video consultations with both GPs and specialist doctors can be booked and […]

With the new Action Series, Orient is pushing the world of LED TVs into the modern era of smartness and tech-savviness. Not just picture quality and resolution, the new Action LED TV reaches for the ultimate entertainment and gaming experience Not just one or two, Action LED is bringing innovation on five fronts! Bigger than […]

As the Government of Pakistan continues to assist beneficiaries across the country under the Ehsaas Emergency Cash Disbursement Programme 2020, Bank Alfalah has introduced an innovative solution to cater to beneficiaries whose biometric verification is not possible for multiple reasons, thus ensuring support for such beneficiaries for cash withdrawal from their account. Many beneficiaries of […]

To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during the COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s suitability assessment requirements, stipulated in Circular No 2 of 2020. The extended timeline is July 24, 2020. SECP’s suitability […]

Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfast and HBL is now available to the Pakistani expatriates […]