UAE-based fintech Tamam Finance has signed a Memorandum of Understanding (MoU) with Lean Technologies to introduce Open Banking services that augment finance management
ETF investment platform InvestEngine has partnered with the Open Banking payments network TrueLayer to use variable recurring payments in ETF investing
Cloud-based payments are increasingly popular with banks as they look to keep up with customer and regulatory demands as well as the rising competition from fintechs.During a recent webinar, Jagdeep Singh Sahota, Chief Payments Officer and EVP at Banc of California, Tanvi Patel, Director of Payments at PwC, Deepak Gupta, SVP Global Head of Payments as a Service at Volante, and Albert Bodine, Director of Commercial and Enterprise Payments at Javelin Strategy & Research, explored the rising popularity of cloud-based payment solutions, their use cases, and how banks can migrate to the cloud without disrupting their daily operations.The Shift to Cloud-Based Payment SolutionsThough many banks operate using legacy solutions, the days when this framework will sustain the need for faster payments may be ending.“The old days of sending a file through a batch to be processed in a data center is becoming antiquated,” Sahota said
