BNP Paribas, France's largest bank, is doubling down on their investment in technology; the bank plans to invest 3 billion euros ($3.2 billion) over the next three years; the bank stated they want to "build the bank of the future by continuing to grow the businesses and implementing an ambitious program of digital transformation, new customer experience and cost savings"; the investment will be directed towards tech labs, company incubators and internal app development. Source
IBM has been making waves with banks in recent months as they make a push to get large banks to...
Visa recently added BNPL vendors to its option list, covering 17 technology segments, including BIN Sponsors, IoT, and Tokenization.
Afterpay (ASX:APT), a provider of Buy-Now-Pay-Later (BNPL) payments, has announced that its in-store payments solution is currently available at major retailers 'just in time for the busy holiday shopping season - including Nordstrom and Nordstrom Rack, J.Crew, Madewell, American Eagle, Aerie, Tilly's, Morphe, Alo Yoga,
Buy Now Pay Later (BNPL) firms have welcomed impending regulation of the sector as the Government prepares to clamp down following a consultation which Buy Now Pay Later (BNPL) firms have welcomed impending regulation of the sector as the Government prepares to clamp down following a consultation which closed yesterday.
Swedish buy now, pay later giant Klarna is to let go of approximately 10% of its global workforce due to ongoing challenging global economic conditions.
The UK government has announced plans to strengthen regulation around interest-free buy now, pay later credit agreements to protect “millions of people”.
Christmas shopping put on BNPL rose by £1billion in 2021, as banks, retailers & others continue to jump on the increasing popularity.
BNY Mellon says Chainalysis’ compliance software will keep an eye on crypto trends, as well as the nitty gritty of real-time transaction monitoring.
Speaking at the International Fintech Conference hosted by the UK government, Bank of England Governor Mark Carney explained how the Bank of England is looking at the new rise of fintech firms; "Light touch regulation, out-moded codes of market conduct, inadequate settlement and clearing infrastructure all contributed, we can draw on these experiences to help ensure that fintech boosts growth and promotes financial stability," explained Carney; he also pointed out that regulators cannot hamstring innovation as the benefits from fintech should not be stamped out by regulation. Source