FinTech Futures: Top five news stories of the week – 16 February 2024
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
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Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
In the latest episode of the podcast, we’re joined by Jack Pouderoyen, Innovation Manager at Swift.
Payments Canada’s board has now initiated a “comprehensive search” for Black’s successor.
The Chicago-based vendor expects to complete its acquisition of Ateo by 29 February.
Nepal Clearing House expects to launch its NPS service in Q4 2024.
The cuts are expected to result in the termination of around 1,400 positions.
The potential move would see TCS replace Mastercard’s Vocalink as the service’s technology partner.
Today, consumers have more options than ever to make payments. So which method will ultimately win?
NSF fees on debit card and ATM transactions will be “unlawful” under the proposed rule.
UPI has been recognised as a key accelerant in the real-time availability of financial services in India.
Staples has previously served as global head of HSBC’s BaaS and embedded finance proposition.
The Spanish central bank’s trials are expected to run for around six months.
FinTech Futures takes a look back at the key industry developments and trends to emerge over 2023.
The PSR is proposing a cap of 0.2% for debit transactions and 0.3% for credit transactions made online.
The central bank will leverage the partnership to launch a real-time payments ecosystem in 2025.
Cooper joins ClearBank from Barclays UK, where she served as CPO for its consumer banking platform.
He brings over 25 years of experience to TCH following stints at Truist, JP Morgan and Mastercard.
The aim of the strategy is to “develop pan-European solutions for payments at the point of interaction”.
The European Parliament approved final implementation deadlines for SEPA instant payments on 7 November.
Worldline had previously been operating under the FCA’s Temporary Permission Regime, which will end on 30 December.
2024 is set to be a year of innovation and change for the European payments landscape.
Mastercard’s JV received formal approval from the People’s Bank of China.
The agreement will directly connect Klarna to STEP2 and the gross settlement payment system RT1.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The fintech’s Series B also saw participation from existing investors BNY Mellon, UBS and Nasdaq Ventures.
The three banks are Tajikistan-based Alif Bank and Bank Arvand and Montenegro’s Universal Capital Bank.
The company says it is “working to resume onboarding businesses in Europe as a priority”.
The rules state that instant transfers must not cost more than standard services.
The acquired solutions will boost the development of EPI’s digital wallet Wero, which is launching next year.
Aurel previously served as head of payments and cryptography at South Africa-based Synthesis Software Technologies.
Reserve board member and governor Michelle Bowman has opposed the revised cap.
Weichert joins TCH from Accenture, where she served as managing director, North America payments lead.
With the licence, Elavon intends to offer authorisation, settlement, card machines, and banking services in the UK.
In this episode of the podcast, we’re joined by Teresa Cameron, Finance Director at Clear Junction.
The solution is set to launch commercially in H1 2024 and will be led by CEO Guillaume Massis.
With the ClearBank partnership, Alba Bank aims to offer “near real-time payments” to its customers.
In his new role, Fry will be tasked with developing the bank’s position within the digital assets market.
Verizon has revealed it will pilot the solution with its US customers “in the coming months”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The announcement follows the completion of the digital euro’s “investigation phase”, which began in 2021.