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Singapore’s New Digital Banks Will Change The Banking Landscape Forever, Maybe

Forrester IT

In a landmark announcement made on December 4, 2020 Singapore’s Monetary Authority (MAS) awarded banking licenses to four players, two of which will serve the retail banking market using a digital full bank license (DFB). known for […].

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T-Mobile MONEY’s Checking Account: Game Changer?

Forrester IT

This is not the first time we’ve seen a telecommunications firm enter the banking space – it’s already been happening for years in Europe and Asia, with large telcos such as Orange and KDDI. And this isn’t T-mobile’s first foray into banking either. So should banks be worried? Watch below to learn more.

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US and Europe will block some Russian banks from SWIFT

The Verge

The letter, signed by the United States, UK, Canada, and European allies, lays out new measures to isolate Russia’s central bank, and announces a new trans-Atlantic task force to freeze the foreign assets of sanctioned individuals. used to authenticate payment instructions between banks. billion to $52 billion.

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Some Russian bank customers have been cut off from Apple Pay and Google Pay

The Verge

Customers at a number of banks in Russia can no longer use their bank cards with Google Pay and Apple Pay due to newly-imposed financial sanctions on the country, as reported by Insider. Sanctions issued by the EU target 70 percent of Russia’s banking network.

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Digital banking boosts financial inclusion, new business models in Africa

CIO Business Intelligence

In early 2021, a wave of digital innovation in the African financial sector, born out of a response to the tight grip of the pandemic, fuelled services and applications that had the potential to really shake up the banking sector. African banks rush to offer new services. Fintech lowers costs for banks and consumers.

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Major Banks Hit by Infuriating Customer Service Phone Outage

Gizmodo

A phone system glitch linked to Verizon made it impossible for countless customers to call their banks and other companies. Read more.

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Midnite raises $16M for Gen Z-focused esports betting apps

Venture Beast

The Raine Group, a global merchant bank focused exclusively on technology, media and telecommunications, led the round. Midnite has raised $16 million to create a licensed esports betting platform in markets that allow it. As part of the round, existing investors increased their investment in London-based Midnite.