🦠 Preparations at the UK’s top three digital banks (Monzo, Revolut & Starling Bank) for an eventual shutdown due to the spread of coronavirus are well underway, as most staff work from home 🔗 Read more
🇪🇺 Two of Germany’s largest banks (Commerzbank & HVB) have temporarily shut hundreds of branches, while Italian lenders have shortened opening hours as they grapple with staff shortages and the spread of coronavirus. 🔗 Read more
🇺🇸 Bank of America CEO Brian Moynihan said his banks is ready to help out customers impacted by the virus outbreak with payments deferrals on mortgages and credit cards 🔗 Read more
🦠 As the impact from the coronavirus intensifies, banks and credit unions need to be able to provide all banking services without the need for branches 🔗 Read more
😷 Here is the definitive timeline exploring Covid-19 from its initial outbreak to today, taking a precise look on its effects on financial services 🔗 Read more
🛍️ H&M has said it is limiting cash payments to certain tills as an “additional precaution” in a bid to minimize the risk of the coronavirus spread 🔗 Read more
📄 The Covid-19 outbreak is unlike any previous crisis, Bain prepared a brief document for CEO’s but I believe Its actually for everyone, worth to read 🔗 Read more
📄 Here is another report by Oliver Wyman: Six things banks should do to minimize impact to the economy report 🔗 Read more
💳 Irish bank AIB says that in light of the Covid-19 outbreak it is suspending its recently announced plan to introduce transaction charges for contactless payments 🔗 Read more
☎️ HSBC’s voice biometrics system VoiceID has successfully blocked fraud attempts in 2019 preventing nearly £400 million (roughly US$493M) being stolen by phone scammers in the UK 🔗 Read more
🇦🇪 Al Ansari Exchange partners with Pelican to introduce an AI-based financial crime compliance solution 🔗 Read more
💸 Digital banking startup Yapeal has become the first company to be granted a fintech banking license by Swiss authorities 🔗 Read more
💯 Emirates NBD’s digital bank Liv to provide in-app credit scores 🔗 Read more
🇪🇬 Central Bank of Egypt reviews efforts to support e-payment, FinTech systems for Egypt 2030 vision 🔗 Read more
🇹🇷 Turkey’s Interbank Card Center (BKM) to double contactless limit as transaction volumes soar 🔗 Read more
🇸🇦 Saudi Arabian Monetary Authority has increased the purchase limit for Atheer contactless domestic debit card transactions from SAR 100 to SAR 300 🔗 Read more
🇷🇺 Sberbank has launched a special helpline for the bank’s corporate customers on issues related to the bank’s operations amid the COVID-19 coronavirus 🔗 Read more
🇬🇧 Bank of England is to cancel the 2020 stress test for the eight major UK banks 🔗 Read more
💰 One, a digital banking startup founded by former PayPal and Intuit CEO Bill Harris, is launching in private beta after closing a $17 million Series A funding round 🔗 Read more
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