While COVID-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritize and actively deploy fintech initiatives by regulators.
ICICI Bank announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.
Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world.
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
TerraPay and Visa have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments in Kenya and global remittances to Kenya.
The global fintech challenge aims to offer solutions that can help financial institutions grapple with the existential threats posed by COVID-19 and climate change.
While the current pandemic induced crisis is yet to reach its peak, and is leaving a trail of personal and economic destruction, a new landscape should be expected to emerge when the dust settles.