Banking

Axis Bank, India’s third largest private sector Bank today has announced the launch of Automated Voice Assistant ‘AXAA’, an Artificial Intelligence powered conversational voice BOT. The launch of AXAA is in line with the Bank’s “Dil se Open” philosophy,...

After testing a beta version in India, WhatsApp has launched in-app payments in Brazil.The payments are enabled through Facebook Pay, which parent company Facebook said last year it would be rolling out to Instagram, Messenger, Facebook, and eventually WhatsApp. “Payments...

TranSwap, a Singaporean based cross-border payments platform for businesses is partnering with Currencycloud, the leader in providing B2B embedded cross-border solutions, to offer Global Borderless Virtual Account (GBVA) to their customers. By utilizing Currencycloud Spark, TranSwap’s multi-currency account allows customers...

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced that India’s Federal Bank is leveraging its UP Payments Risk Management solution to identify fraudulent card activity, mitigate losses and enhance customer relationships. Through ACI’s solution,...

German bank Deutsche Bank announced its plans to launch an electronic foreign exchange (e-FX) hub in Singapore. The bank will establish the hub by developing an FX trading and pricing engine, in conjunction with the Monetary Authority of Singapore...

The European Banking Authority (EBA) published today a preliminary assessment of the impact of COVID-19 on the EU banking sector. With the global economy facing unprecedented challenges, banks entered the health crisis with strong capital and liquidity buffers and...

Bangkok Bank has wrapped up its previously announced acquisition of a stake of 89.12% in Indonesian lender Bank Permata for $2.28bn from Standard Chartered and Astra International. Under the deal announced in December 2019, Bangkok Bank acquired 44.56% stakes each...