Author: Sarim Pixako

National Bank of Pakistan (NBP) has upgraded its pool management system with ten-year-long partner Codebase Technologies (CBT). NBP is a Pakistani government-owned commercial bank and a subsidiary of State Bank of Pakistan (SBP). It holds roughly $17.2 billion in assets. “[The upgrade] will help our Islamic banking division to be more transparent to our customers” … Continue reading National Bank of Pakistan modernises pool management Continue Reading →

Aldi Nord, the northern European operations of the groceries retailer, has shifted the processing of its in-store card payments to Fiserv. Fiserv has been an Aldi partner for 15 years Aldi Nord operates 2,500 locations in Germany. It also has presences in Belgium, the Netherlands, Luxembourg, France, Poland, Spain, Denmark, and Portugal. The firm decided … Continue reading Aldi Nord switches card acquiring to Fiserv in five days Continue Reading →

SoftBank’s Vision Fund has reportedly bought an additional stake worth $130 million in the owner of Indian insurance marketplace, PolicyBazaar. Times of India reported the deal based on three sources who said the new investment would give SoftBank a more than 15% stake in the company. The parent company, called EtechAces Marketing and Consulting, is … Continue reading SoftBank splashes $130m in Indian insurtech PolicyBazaar Continue Reading →

Starling Bank has launched two new subscription accounts for UK business owners. One offers a “digital banking toolkit”, whilst the other allows users to hold an account in US dollars. The new account offerings cost £7 and £5 respectively The Business Toolkit The UK challenger’s first subscription account can be merged with business owners’ current … Continue reading Starling Bank launches two new paid business accounts Continue Reading →

Among the casualties of the pandemic: The gig economy. As estimated by PYMNTS, 40 percent of gig workers have lost at least $10,000 of income since the start of the pandemic. That implies a sizable economic impact, considering that 53 million individuals in the U.S. are gig workers. On a good day, or in a good month, … Continue reading How One Gig Platform is Reinventing The Gig Worker Experience By Boosting Their Wages Continue Reading →

The idea that money should be able to move instantly between sender and recipient has long been gaining ground in P2P payments, the gig economy, the insurance industry and more. But interest in the concept has virtually exploded over the past several months thanks to the COVID-19 pandemic, experts in our latest On The Agenda … Continue reading It Takes A Village To Build An Instant-Payments Ecosystem Continue Reading →

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. As many teams within businesses big and small had continued to rely on paper and manual processes, AP operations were tasked with migrating to a work-from-home environment quickly. As an … Continue reading Regional Banks Guide Corporates To Future-Proof Accounts Payable Continue Reading →

If there’s one thing credit union (CU) members are known for, it’s their loyalty. Since most CUs start life as an economic affinity group of some kind, loyalty is often baked into the business relationship pre-inception. It’s a rare, fair feature in an impersonal business world. When it comes to loyalty, though, it’s best not … Continue reading Credit Unions Tech Up For Loyalty Continue Reading →

Virtual shopping is having a pandemic-driven moment. Several retail brands as well as designers have taken this twist on personal shopping to a new application. For example, Tanger Outlets last week announced the launch of a virtual shopping concierge service that takes shoppers to its outlets without leaving home. Now that its outlets are open, the company still sees … Continue reading Virtual Shopping Finds Its Moment Continue Reading →

The pandemic continues to put usual business operations on unsteady ground across several industries, bringing about disastrous financial effects. Small to medium-sized businesses (SMBs) are especially grappling with a loss of revenue, which has led to a number of them to close down in the U.S. And the pandemic is creating some dark days for department stores domestically and … Continue reading SMBs, Department Store Chains Contend With Pandemic’s Impact Continue Reading →