Sun.Jun 16, 2024

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Australian Bank Leverages MongoDB Atlas for Major Tech Transformation

The Fintech Times

Australia’s Bendigo and Adelaide Bank has teamed up with MongoDB to modernise its core banking technology. The bank is using the MongoDB Atlas multi-cloud developer data platform to accelerate customer-focused innovation. According to the pair, the bank chose MongoDB Atlas as the underlying platform for its tech stack because of the high levels of security and reliability, its ability to manage the bank’s real-time operational data on a unified platform, and because of an “intuitive

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Income Insurance and Allianz in Talks Over Potential Deal

Fintech News

Singapore’s Income Insurance Limited has announced that it is currently in discussions with Allianz regarding a potential transaction involving Income Insurance shares. This seems to indicate that a change in share ownership or a significant investment might be on the horizon. Income Insurance stressed that there is no certainty that a deal will be finalised or that any binding agreement will be reached.

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Bank of Canada and BIS Collaborate on New Toronto Innovation Centre

The Fintech Times

The Bank for International Settlements (BIS) and the Bank of Canada have jointly inaugurated the Toronto Innovation Centre, marking the first BIS Innovation Hub Centre in the Americas. This new centre, the seventh established globally by the BIS, aims to explore advanced technologies to enhance financial system efficiency and inclusivity both in Canada and across Latin America and the Caribbean.

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Nubank Taps Wise to Enhance International Payments for Premium Clients

Fintech News

Wise, a global online money transfer service, has partnered with Nubank, a Brazilian digital bank that serves over 100 million users , to streamline international payments for Nubank’s premium segment, Ultravioleta. This collaboration allows Nubank to utilise Wise ’s infrastructure to offer multi-currency accounts and debit cards through its app, enabling customers to manage and spend money internationally with ease.

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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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US judge green lights Terraform's $4.5bn SEC settlement

Finextra

Terraform Labs and its former CEO Do Kwon have reached a $4.5 billion settlement with the SEC after a jury verdict held them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unravelled.

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AWS to Invest US$230 Million in Generative AI Startups Globally

Fintech News

Amazon Web Services (AWS) has unveiled a US$230 million commitment to support generative AI startups globally. This initiative aims to accelerate the development and market entry of new generative AI applications, providing early-stage startups with AWS credits, mentorship, and educational resources to enhance their use of AI and machine learning technologies.

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More Trending

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Suspects Extradited from Malaysia in S$34.1 Million Malware Scam Probe

Fintech News

Two men, aged 26 and 47, will appear in court on 15 June 2024, for their alleged involvement in malware-enabled scams targeting Singaporeans since June 2023. In 2023, at least 1,899 victims in Singapore were deceived into downloading malware, resulting in losses exceeding S$34.1 million. The malware allowed scammers to remotely access victims’ devices, stealing personal and banking information to perform fraudulent transactions.

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Doha Bank and Mastercard Collaborate to Strengthen Digital Payment Services

The Fintech Times

Doha Bank and Mastercard have formed a major long-term partnership to boost the commercial bank’s payment solutions and support Qatar’s digital transformation goals. This collaboration is designed to bolster Doha Bank’s leadership in customer service and innovative payment solutions, while aligning with its ‘Himma’ roadmap – aimed at redefining how it operates and serves its clients.

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OCBC’s Great Eastern Buyout Offer Deemed “Not Fair But Reasonable”

Fintech News

A group of minority shareholders has expressed dissatisfaction with OCBC ‘s final bid to purchase the remaining shares of Great Eastern, as reported by Channel News Asi a. OCBC, which has been the majority shareholder of Great Eastern for the past two decades, recently proposed a S$1.4 billion offer to buy the remaining 11.56% stake in Great Eastern Holdings Limited.

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Does Having a Diverse Team Make Your Fintech Company Better?

The Fintech Times

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.

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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

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The Future of Every Bank Depends on Digital Excellence

Finextra

Customers demand seamless, intuitive, and personalized banking experiences, with 72% emphasizing per.

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Transact365 expands its crypto processing product suite

The Paypers

UK-based fintech Transact365 has announced its plans to expand its crypto processing solutions suite, bringing the total number to ten cryptocurrencies.

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Lumin Digital partners with Pinwheel to enhance deposit switching

The Paypers

US-based banking solution Lumin Digital has partnered with Pinwheel to augmented conversion rates and enrolment for banks and credit unions with Pinwheel Prime.

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BNP Paribas, BPCE to form strategic payments partnership

The Paypers

Financial services company BNP Paribas and banking group BPCE have announced their plans to form a strategic partnership to advance the payments landscape.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.