News

Digital Banking
Citibank Brings Hong Kong Digital Banking Platform Out Of Beta
February 23, 2021

Citibank has announced that it is rolling out Citi Plus, its Hong Kong project which it recently brought out of beta, according to a press release. The company touts the project as a new way to get people into digital banking. Get the Full Story...

B2B Payments
Advanced Fraud Solutions Debuts Tool To Fight Vendor Fraud
February 23, 2021

Advanced Fraud Solutions (AFS), which works in deposit fraud detection software, has rolled out AFS Positive Pay, which will help financial institutions (FIs) and enterprise customers look at changes in payments information to prevent fraud, according to a press release. Get the Full Story Complete...

International
Today In Payments Around The World: Zomato Notches $250 Million On $5.4 Billion Valuation; Tyme...
February 23, 2021

In today’s top payments news around the world, Zomato has landed an additional $250 million from existing and new investors, while Tyme plans to expand its online bank for the underserved into Asia and Southeast Asia. Plus, telecommunications services provider Bharti Airtel is teaming with...

B2B Payments
Bookipi Teams With Fat Zebra On SMB Invoice Payments
February 23, 2021

Bookipi, a company that generates invoices for small companies and freelancers, is poised to roll out its new BookiPay invoice payments system in Australia through a new collaboration with the financial technology firm Fat Zebra, according to an announcement. Get the Full Story Complete the...

Partnerships / Acquisitions
i2c Collaborates With Millennial- And Gen Z-Focused FinTech Zytara
February 23, 2021

Digital payment and banking technology provider i2c has teamed with Zytara, a FinTech firm geared toward millennial and Generation Z gamers and their households. The collaboration comes on the heels of Zytara’s recent ZUSD stablecoin rollout announcement, according to a Tuesday (Feb. 23) press release....

Banking
JPMC Addresses Racial Wealth Gap With Investment Product For Black-Owned Banks
February 23, 2021

J.P. Morgan Chase is launching an investment product specifically to support Black-owned banks, Bloomberg reported. The financial services firm also made equity investments in four minority banks as part of a mission to reduce the racial wealth gap. Get the Full Story Complete the form...

International
Central Banks Of China, UAE Join CBDC Cross-Border Initiative
February 23, 2021

The People’s Bank of China and the Central Bank of the United Arab Emirates are now joining the second phase of the initiative formerly known as Project Inthanon-LionRock, which is working on a central bank digital currency (CBDC) for cross-border payments, a press release says....

Retail
Restaurants Embark On A Rocky Road To Recovery
February 23, 2021

As vaccines roll out across the country, restaurants are beginning to shift away from short-term survival mode and toward their longer-term goals. However, the industry is far from out of the woods. While the road to recovery is clearer today than it was months ago,...

Regulation
EU Wouldn’t Allow Robinhood-Style Platforms For Retail Investors
February 23, 2021

European Union officials said the type of commission-free share trading for retail investors offered by companies such as Robinhood would not be allowed in the EU, Reuters reported on Tuesday (Feb. 23). EU officials have been looking into such brokerage sites after recent controversies. Get...