All articles by Refna Tharayil
Refna Tharayil
Expedia Group, Wells Fargo, and Mastercard announce new suite of one key credit cards
Launching with all types of travelers in mind, the One Key Cards offer a host of benefits, including the ability to earn rewards as OneKeyCash, which can be used across Expedia, Hotels.com, and vacation rental site Vrbo to book eligible hotels, vacation rentals, car rentals, activities and flights
Envestnet to go private with Bain Capital in $4.5bn deal
Private investment firm Reverence Capital Partners and other strategic partners including Fidelity Investments, BlackRock, Franklin Templeton, and State Street Global Advisors have committed to invest in the transaction
Finastra facilitates connection of Swiss banks in readiness for new SIC instant payments service
The project will connect banks’ systems to the Swiss market infrastructure for instant payments via Finastra’s Service Bureau
US imposes $136m fine on Citi for failing to fix data management issues
Based on the Citigroup’s violations of the 2020 order and lack of processes to monitor the impact of data quality concerns on regulatory reporting, the OCC and FRS fined the bank $75m and $60.6m, respectively
AFFIN BANK partners with ACI Worldwide to modernise payments for Malaysian businesses
This partnership also targets a 75% efficiency boost through process automation and eliminating manual actions, reducing errors
African payments company Nala secures $40m in Series A round
Led by American venture capital firm Acrew Capital, the financing round also saw the participation of HOF Capital, DST Global, and Norrsken22
HSBC partners with Visa to develop Zing international money app
Zing members are able to hold funds in up to 10 different currencies, send over 30 currencies, and transact in more than 200 countries and territories worldwide
NatWest integrates OneID into Adobe Acrobat Sign for bank-verified digital identity
The lender will deploy OneID’s bank-verified digital identity solution for its structured finance business in Sweden, Finland, and Norway
CIB launches first private Mastercard World Elite Metal credit card in Egypt
The Mastercard World Elite Metal credit card issued by CIB offers a range of special benefits and privileges at a selection of the world’s finest international brands, hotels and unparalleled shopping experiences in Egypt and abroad
Tangem and Visa partner on self-custodial payment solution for hardware wallets
Tangem users will be able to make seamless payments by leveraging their crypto or stablecoin balance at Visa-accepting merchant locations