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Singapore to allow virtual banks as part of move to open up market

Singapore’s central bank plans to issue up to five digital bank licenses to suitable applicants, a move that could deliver the biggest shake-up in a market dominated by local banks.

A third of companies adopt AI in the past year

More than a third of companies have adopted some form of AI in the past year, according to an MHR Analytics poll.

Facebook's WhatsApp hires senior exec from London remittances startup, according to sources

WorldRemit’s chief product officer, Alice Newton-Rex, will join WhatsApp’s product team later this year to work on the app’s messaging service.

Facebook crypto plans turn up heat on EU banks over real-time payments

The euro zone could have an instant payments system shared by all banks in the bloc by the end of 2020, finance industry officials said.

SPS CMI® on Dual 6 brings new customization options to banking card issuers

SPS is introducing CMI® to allow banking card issuers and the whole banking card ecosystem to develop an even more customized card solution.

equensWorldline becomes Eurozone’s largest processor of instant payments with Dutch launch

Seven Dutch banks have recently started to introduce instant payments using the CSM (Clearing and Settlement Mechanism) system of equensWorldline.

Walmart in Mexico launches grocery orders via WhatsApp

The retailer said this move aims to attract shoppers outside bricks-and-mortar supermarkets.

Money20/20 Europe casts a magic spell again

Zilvinas Bareisis, Payments Analyst at Celent shared his experience at Money 20/20 Europe in Amsterdam earlier in June.

Bank of England is positive on Facebook's Libra, saying the bank could open up balance sheet to new players

Facebook's Libra could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," says BoE governor Mark Carney.

Why initial exchange offerings flourish in crypto market

Initial exchange offerings (IEOs) are currently the most popular fundraising trend in the cryptocurrency industry. Do you know the difference between IEO and ICO?

Trustly merges with Silicon Valley-based PayWithMyBank to deliver transatlantic online banking payments coverage

The merged group to create a unique transatlantic payment network based on next-generation online banking payments.

Grab eyes Singapore banking license as a digital-only bank - sources

Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks.

Payroll evolution: How will we receive salaries in the future?

In the nearest future, we’ll witness the rise of end-of-shift payments which will eventually lead to single payment accounts.

(Infographic) How does a crypto transaction work?

To understand the key stats, features, and mechanics of the technology, it is best to start from the beginning and learn how does a simple crypto transaction work.

How can traditional financial institutions stay in the ever competitive banking market?

According to Gartner, most banks will be made irrelevant by 2030. One of the key reasons is that they are not meeting market needs and keeping up with the pace of digitalisation.

Paysend Group launches new global stablecoin on the Stellar network

With the new stablecoin, over one million Paysend users will be able to send instant global payments without the traditional cross-border fees.

PayPal backs Swedish financial tech startup Tink

PayPal has invested 10 million euros ($11.2 million) in Tink, a Swedish company that enables banks and fintech startups to access financial data more easily.

China UnionPay to offer European credit cards

The world's biggest card issuer, China UnionPay, will offer debit and credit cards in Europe after striking a deal with a UK back-office startup, Tribe Payments.

Monzo hits 2m customer milestone

Monzo has hit 2 million current account customers, signing up more than 35,000 new people every week.

Fintech platform revenues to reach $638 billion in 2024, as innovative services become the ‘new normal’

New data from Juniper Research has found that fintech platform revenues will reach $638 billion by 2024, up from an estimated $263 billion in 2019.