Bread Financial Comenity Bank waives credit card fees system outage

For at least the past week, some Bread Financial customers have been unable to access their credit card accounts online and over the phone amid a planned system update. Formerly Alliance Data, the Columbus-based financial services company manages about 130 private-label and co-brand credit card programs for partners including the NFL, Victoria’s Secret, Ulta Beauty

MoneyLion, AEON Get Malaysian Digital Bank License

Digital finance and lifestyle platform MoneyLion has said that it’s gotten a digital banking license from the Ministry of Finance of Malaysia in a consortium with the Japanese financial group AEON Financial Services and its Malaysian subsidiary AEON Credit Service. This comes as MoneyLion is trying to roll out its software-as-a-service (SaaS) offering, which will

El Salvador Central Bank Bitcoin Summit

What happened in El Salvador to encourage 44 different countries to send representatives from 32 central banks and 12 other financial institutions? The short answer is that last week the country hosted an economic summit to learn about El Salvador’s strategies and experience in financial inclusion. And while the event was not a Bitcoin-specific gathering,

How one bank is digitalizing financial inclusion in Indonesia

One of the lessons from the pandemic has been that digitalization is the future – and financial inclusion is no different. But digitalizing financial inclusion presents a challenge in Indonesia, where both digital and financial literacy rates are low. Here’s how Indonesian bank BRI has sought to overcome some of these challenges. While Indonesia’s access

The digital renminbi and the rise of central bank digital currencies

Author: Michael Sung, Fudan University A few years ago, governments were not prepared to accept any potential systemic disruption that digital currencies could have on the international monetary system. But positions have been changing drastically. Facebook’s June 2019 announcement of its own digital currency, initially called Libra, then known as Diem, was a shot heard

Bank Of Montreal (BMO) Q3 2021 Earnings Call Transcript

Image source: The Motley Fool. Bank Of Montreal (NYSE:BMO)Q3 2021 Earnings CallAug 24, 2021, 8:15 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, and welcome to the BMO Financial Group’s Q3 2021 Earnings Release and Conference Call for August 24th, 2021. Your host for today is Ms. Christine Viau, Head

Bank of Ghana To Launch Pilot CBDC Project In Partnership With German Technology Firm

Ghana is one of the few African countries that is hopping on the cryptocurrency train. The country is particularly taking concrete steps towards embracing this innovation. During the Fifth Ghana International Trade and Finance Conference in Accra, The Vice President of Ghana – Dr. Mahamudu Bawumia – said that African governments should embrace virtual currencies.

Central Bank of the Future project concludes with insights on technology, calls for financial inclusion

As the role of central banks evolves, innovations that will boost financial inclusion need to be at the forefront of all actions they undertake. That’s the conclusion of the two-year Central Bank of the Future research project, conducted by the Ford School of Public Policy’s Center on Finance, Law & Policy, with support from the

Musim Mas, MUFG Bank, Danamon, and iAPPS Collaborate to Promote Financial Inclusion Among Independent Smallholders

SINGAPORE –News Direct– Musim Mas Independent smallholders using the AgriOn platform at a financial literacy workshop conducted by Musim Mas. SINGAPORE/JAKARTA, July 21, 2021 /3BL Media/ – A digital finance and financial learning platform, AgriON, will soon be in the hands of oil palm independent smallholders enrolled in Musim Mas Group’s smallholders programme. The culmination