Banking Infrastructure

A report published by Temenos has found that 65% of global banking executives believe branch-based banking will be ‘dead’ within a five-year period.

Italian digital bank Bari Bank has introduced a debit and credit card supplied with pre-set funds for children and teenagers.

UK banking platform Tide kickstarted its international expansion strategy in India with a commitment to invest £100m and create 1000 jobs over the next five years.

As dangers associated with climate change continue to become more inescapable in the lives of companies and individuals alike, the importance and need for ESG – Environmental, Social and Governance – in the financial sector is growing stronger. Is it time for globally mandated ESG reporting in the financial sector?

A survey by FinTech giant Finastra has found banking-as-a-service (BaaS) is set to make a substantial impact on financial services over the next 12 months.

The Euro Banking Association’s (EBA) Open Banking Working Group has published a report that explores an operating model for banks on their way to digital readiness.

Hong Kong virtual bank Mox has partnered with Mastercard to introduce a new tool that allows Mox users to flip between spending on an all-in-one debit and credit card.

The Hong Kong Monetary Authority (HKMA) is apparently planning to speed up proposals to require financial organisations to disclose their climate change-related financial risks.

An executive from Spanish bank BBVA has highlighted concerns about a potential digital euro and questioned what customer demand it would meet.

Credit card company Deserve has secured $50m in a Series D funding round led by Mission Holdings, Mastercard and Ally Ventures.