15th March 2020 - 22nd March 2020
๐ฆ Preparations at the UKโs 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 ๐ Read more
๐ช๐บ Two of Germanyโs 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. ๐ Read more
๐บ๐ธ 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 ๐ Read more
๐ฆ 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 ๐ Read more
๐ท Here is the definitive timeline exploring Covid-19 from its initial outbreak to today, taking a precise look on its effects on financial services ๐ Read more
๐๏ธ H&M has said it is limiting cash payments to certain tills as an โadditional precautionโ in a bid to minimize the risk of the coronavirus spread ๐ Read more
๐ The Covid-19 outbreak is unlike any previous crisis, Bain prepared a brief document for CEOโs but I believe Its actually for everyone, worth to read ๐ Read more
๐ Here is another report by Oliver Wyman: Six things banks should do to minimize impact to the economy report ๐ Read more
๐ณ 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 ๐ Read more
โ๏ธ HSBCโs voice biometrics system VoiceID has successfully blocked fraud attempts in 2019 preventing nearly ยฃ400 million (roughly US$493M) being stolen by phone scammers in the UK ๐ Read more
๐ฆ๐ช Al Ansari Exchange partners with Pelican to introduce an AI-based financial crime compliance solution ๐ Read more
๐ธ Digital banking startup Yapeal has become the first company to be granted a fintech banking license by Swiss authorities ๐ Read more
๐ฏ Emirates NBDโs digital bank Liv to provide in-app credit scores ๐ Read more
๐ช๐ฌ Central Bank of Egypt reviews efforts to support e-payment, FinTech systems for Egypt 2030 vision ๐ Read more
๐น๐ท Turkeyโs Interbank Card Center (BKM) to double contactless limit as transaction volumes soar ๐ Read more
๐ธ๐ฆ Saudi Arabian Monetary Authority has increased the purchase limit for Atheer contactless domestic debit card transactions from SAR 100 to SAR 300 ๐ Read more
๐ท๐บ Sberbank has launched a special helpline for the bankโs corporate customers on issues related to the bankโs operations amid the COVID-19 coronavirus ๐ Read more
๐ฌ๐ง Bank of England is to cancel the 2020 stress test for the eight major UK banks ๐ Read more
๐ฐ 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 ๐ Read more