News
Crypto and forex investment scams triple in a year, costing UK victims Β£27m
The FCA and Action Fraud have teamed up to warn consumers about cryptoasset and foreign exchange scams, which cost fraud victims more than Β£27m in the past year
Investment scams involving foreign exchange (forex) and crypto assets more than tripled...
Cards & Payments
SAFE Credit Union selects NCR solution for better digital member experience
SAFE Credit Union, a California-based financial institution, has deployed Promotion Suite Premium tool from NCR, a technology services provider for the financial industry, to create a better targeted digital member experience.
NCRβs Promotion Suite Premium tool makes use of real-time...
Financing
Wells Fargo and Barclays lead $17m investment in fintech firm OpenFin
Major lenders took part in the investment round in the fintech, which is building the "financial industry's operating system" to help banks modernise legacy IT systems
Wells Fargo and Barclays have led a $17m (Β£13.3m) investment into New York fintech...
Cards & Payments
Visa partners with Bahrain FinTech Bay to further develop Bahrain’s fintech ecosystem
Visa has partnered with Bahrain FinTech Bay to further support the development of the FinTech ecosystem in Bahrain.
Bahrain FinTech Bay was established a year ago and has around 100 partners including financial institutions, technology companies, FinTechs, public institutions, educational...
Cards & Payments
UBS Card Center Wins Security Innovation Award Using FICO AI
UBS Card Center, which processes roughly 25 percent of all credit cards in Switzerland, has won the Security Innovation of the Year award at the Retail Banker International Awards, presented in London. UBS Card Center's fraud team used the...
News
MOXY bank partners with NYMBUS to build most progressive bank in decades
NYMBUS, the worldβs most advanced revenue and technology solutions company, announced that MOXY bank has selected NYMBUS as the technology foundation for Washington, D.C.'s newest bank in 20 years and the DC, Maryland and Virginia regionβs first financial institution...
News
Dominion Bancshares completes acquisition of Grapeland State Bank
Dominion Bancshares, Inc. , a newly-organized bank holding company, announced the closing of its previously announced acquisition of Grapeland State Bank, a Texas state bank based in Grapeland, Texas.
Through the acquisition, Dominion will rebrand the bank under the name...
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