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Kuwait Debuts FinTech Sandbox

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As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). FinTech Efforts In Africa. The sandbox, Reuters reported, has four phases.

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Monetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses

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However, the most intriguing development in the Open Banking world is not the impact of these two regulations inside of Europe, but outside of it. Other regulators in Australia, India and Singapore are examining financial innovation rules of their own, using GDPR and PSD2 as guidelines.

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APIs May Be The Key To Singapore’s Open Banking Future

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Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. The news set off a high-stakes race among today’s top global eCommerce, finance and technology players.

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An API-Driven Fix To Digital-First Banking

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The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches to access the services they need. Developments From Around The World Of Digital-First Banking.

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KeyBank On Digitizing In-Person Services With Data Analytics

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Customers still need loan deferments, emergency business loans and other services due to the economic downturn that are typically conducted in person, but banks are being forced to close their branches or limit personal interactions to maintain social distancing guidelines. Developments From Around The World Of Digital-First Banking.

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Channeling APIs To Stay Compliant With Regulators

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That growing group of FIs includes Sweden-based FinTech Tink , which offers a consumer-facing digital banking platform alongside a growing B2B API development business. Founded in 2012, Tink debuted its AI and machine learning-focused digital banking platform the following year to give customers better financial insights.

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Mastercard On How Trust Unites Blockchain, Biometrics, Seafood And Healthcare

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27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. The announcement of the blockchain-based solution comes in the wake of Mastercard outlining guidelines for blockchain development earlier this month. The Partnership Ecosystem.