Santander has launched a payments solution allowing customers to make transfers into Brazil in local currency in real time. The new service provided through Santander’s PagoNxt will shorten payment times from several days to minutes and remove the need for intermediaries and FX documentation. Santander’s SME and corporate clients in Spain will be able to use […]

CAME, a Mexican financial institution, has migrated its operations to leading cloud banking platform Mambu. The move will enable CAME, a regulated lending entity, known as a ‘Sofipo’, to expand its services in markets it has served for nearly 30 years, with greater velocity and agility, as it looks to triple its customer base by […]

African digital payments company DPO Group has partnered with Bank of Kigali, a leading commercial bank in Rwanda, to onboard eCommerce merchants for the bank. The partnership will allow Bank of Kigali customers to access efficient eCommerce and payments services through DPO Group’s robust platform. This move is expected to see Bank of Kigali onboard […]

UnionPay International has announced its strategic commercial partnership with Bancstac. Bancstac group will support UPI member banks and their respective merchants by enabling innovative capabilities to accept payments from UnionPay cardholders. Bancstac offers payment processing, payment gateway and payment aggregator services with direct connectivity to UPI, which integrates with legacy banking systems, becoming an integral […]

Al Rajhi Bank Malaysia (ARBM), has selected Thought Machine, the cloud native core banking technology firm, to power their upcoming next-generation digital bank and strengthen their position as a leader in Islamic banking. Al Rajhi Bank Malaysia embarked on a multi-year digital transformation in 2021 and the Bank will deploy Thought Machine’s core banking engine, […]

First Internet Bank has announced a formal agreement with Synctera, a leading consultant, technology platform and matchmaker for bank/fintech partnerships. The partnership provides First Internet Bank with new resources to expand its Banking as a Service offerings and build upon its rich history of innovation in the delivery of digital financial services and products. “Expanding […]

Tinkoff has acquired a controlling stake (51%) in Just Look, the developer of Jump. Finance, a fintech service that automates interactions with freelancers, including payments. The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services small, medium-sized and large businesses. Jump. Finance will be integrated into the Tinkoff Business ecosystem and retain its current team. The financial terms of the […]

Trustly, the leading global payments platform for digital account-to-account transactions has announced a partnership with IKEA. Trustly will enable IKEA customers to pay for their purchases directly from their online bank account through the partnership. Trustly offers IKEA access to more than 30 countries through an API integration, initially in Austria and with a possibility  […]

Santander has announced plans to close 111 branches by the end of August 2021 in response to the ongoing shift by customers towards mobile and online banking, a long-term trend that has been accelerated by the pandemic. Branch transactions fell by 33% over the two years before the pandemic and declined by a further 50% […]

Hong Leong Bank launches  first in-market interactive digital banking platform called HLB Pocket Connect to serve both young savers and their parents. The platform enables young savers to take charge of their own pocket money and savings and parents to cultivate a responsible financial lifestyle in their children from a young age. The HLB Pocket […]