Breaking News
Jordan Ahli Bank Cyprus equips for PSD2 with Salt Edge’s solution
Salt Edge, a leader in developing open banking solutions, helped Jordan Ahli Bank Cyprus become amongst the first group of banks in Cyprus to comply with PSD2 requirements.
PSD2 brings an opportunity for banks to respond to their customers’ expectations by opening APIs for secure access by third party providers (TPPs). Looking for a partner that can help it follow regulatory requirements and reach the opportunities created by PSD2, Jordan Ahli Bank chose Salt Edge to enable its customers to have an aggregated view of their spendings in their favourite apps.
Jordan Ahli Bank Cyprus uses PSD2 Compliance Solution from Salt Edge, a turn-key SaaS product, which includes a set of APIs, complete TPP developer portal, TPP verification system, client dashboard, and regular API updates according to the changes in the official regulation. By trusting Salt Edge with all the technical complexities, Jordan Ahli Bank can focus on their core business.
As a part of the API, the TPP verification system ensures that only regulated institutions can have access to Jordan Ahli Bank’s open banking channels. Via Salt Edge, Jordan Ahli Bank Cyprus has already enforced additional SCA mechanisms, without presenting any obstacles to the provision of TPP services under PSD2. Salt Edge’s strict security measures align perfectly with Jordan Ahli Bank’s aim to efficiently protect personal and financial data in the best way possible.
Now Jordan Ahli Bank Cyprus enables its customers to get a complete overview of their financial transactions in any regulated app they prefer to use. By going beyond the traditional bank statements, Jordan Ahli Bank is joining the open banking movement in the market innovation and helping customers with better services.
We were excited that Jordan Ahli Bank Cyprus chose us as their partner when they were looking for a future proof and quick way of leveraging the PSD2 capabilities. The goal of our collaboration was to ensure full PSD2 compliance while Jordan Ahli Bank can truly embrace the open banking potential.
- EXCLUSIVE: “Taking the Pain Out of Compliance” – Camillo Werdich, Sinpex in ‘The Fintech Magazine’ Read more
- U.S. Bank Leverages Gen AI for Banking Services Read more
- Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines Read more
- Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking Read more
- Spend Crypto at 700,000 Merchants in SA Using Luno Pay Read more
Solvrays and Penn River Partner to Transform Life & Annuities Back-Office Operations Through AI-Driven Orchestration
Solvrays, a leader in AI-powered workflow orchestration for insurance operations, today announced a strategic partnership with Penn River, a cloud-native life and annuities policy administration platform. Together, the two companies will help carriers eliminate back-office friction and accelerate key functions such as correspondence generation through intelligent automation.
Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines
New research commissioned by Affirm, the payment network that empowers consumers and merchants with flexible and transparent payment options, reveals that payment flexibility is now one of the most important factors influencing travellers when booking flights and holidays.
Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking
Big Issue has partnered with open banking payment provider fumopay to offer its vendors an innovative new way to take cashless payments.
Spend Crypto at 700,000 Merchants in SA Using Luno Pay
Together with Scan to Pay’s 650,000 merchants and Luno Pay’s existing network of over 30,000 merchants, this expansion unlocks access to major household retailers, including Checkers, Makro, Vodacom, and Shoprite, bringing crypto payments into the mainstream and marking a major step for cryptocurrency adoption.
More Rewards, More Flexibility: PayPal Introduces 5% Cash Back on Buy Now Pay Later Purchases this Holiday Season
PayPal has announced that U.S. customers will earn 5% cash back on PayPal Buy Now Pay Later (BNPL) purchases between now and the end of the year1. As 60%2 of shoppers feel more financial stress heading into this holiday season, PayPal, one of the leading BNPL providers worldwide, is helping to make it easier to manage spending this holiday season.
Blue Ocean Technologies Announces Promotion of John Willock to Chief Revenue Officer
Blue Ocean Technologies, a capital markets fintech leader in global trading and data, announced today the promotion of John Willock to Chief Revenue Officer, effective immediately.
Galaxy Launches GalaxyOne, Bringing Institutional-Quality Financial Offerings to Individual Investors
Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) today launched GalaxyOne, a financial technology platform offering U.S.-based individual investors to access high yields on fiat cash, alongside crypto and equities trading in a single digital experience. Accredited investors1 can access 8.00% Annual Percentage Yield (APY) through Galaxy Premium Yield2, while all investors can earn 4.00% APY3 on cash deposits and the ability to auto-reinvest earned interest into bitcoin or other supported crypto – all backed by Galaxy's financial expertise, rigorous risk management, and white-glove client service.
"We've spent years building institutional-quality infrastructure to serve the world's most sophisticated investors. Now, we're extending that edge to individuals," said Mike Novogratz, Founder and CEO of Galaxy. "Importantly, GalaxyOne advances our mission of becoming a full-spectrum financial services provider that builds trusted, regulated, and accessible products for all market segments."
GalaxyOne, which is available on mobile (iOS and Android) and online in the U.S., launches with four core products:
- Galaxy Premium Yield 2: Earn 8.00% APY through an investment note issued by Galaxy Digital LP, a subsidiary of Galaxy Digital Inc. and available exclusively to U.S. accredited investors on GalaxyOne. Yield is generated by Galaxy's institutional lending business, active since 2018. Each investment requires a $25,000 minimum and is capped at $1 million per investor with an initial $250 million total investment cap. Interest accrues daily and is paid monthly into the GalaxyOne Cash account.
- GalaxyOne Cash 3: Earn 4.00% APY in a high-yield cash deposit account FDIC insured up to $250,000. Banking services are provided by Cross River Bank, member FDIC.
- GalaxyOne Crypto: Buy, trade, hold and transfer major blue-chip digital assets, including bitcoin (BTC), ethereum (ETH), and solana (SOL). Transparent pricing, recurring purchases and real-time execution are available on the platform.
- GalaxyOne Brokerage: Access commission-free trading of more than 2,000 U.S stocks and ETFs in individual brokerage accounts. Retirement accounts (traditional and Roth IRAs) are also available. Fractional share trading is available with a $10 minimum per trade. Clients have the option to earn passive income by lending their eligible stocks through the GalaxyOne Stock Lending program4.
GalaxyOne was originally developed under the name Fierce, which Galaxy acquired in 2024. The platform is led by Zac Prince, Managing Director at Galaxy, alongside the original development team. Fierce's former CEO, Rob Cornish, will continue to support the platform's operations as Chief Technology Officer of Galaxy. GalaxyOne sits alongside GalaxyOne Institutional as part of a unified suite of products, each tailored to client needs, but both built to Galaxy's institutional standards of security, scale, and risk management.
"As technology reshapes how people invest, expectations are clear: more yield, easier access from a single platform, and opportunities that extend beyond traditional boundaries," said Mr. Prince. "GalaxyOne delivers exactly that: a unified opportunity to earn yield on cash, trade crypto, and access U.S. equities, all supported by Galaxy's financial discipline, institutional oversight, and professional team trusted by some of the world's most sophisticated institutions. We have an exciting roadmap ahead and are excited to deliver a differentiated financial experience to our clients. This is just the beginning."
To sign up and learn more about GalaxyOne, please visit: https://one.galaxy.app/sign-up
EXCLUSIVE: “Taking the Pain Out of Compliance” – Camillo Werdich, Sinpex in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
U.S. Bank Leverages Gen AI for Banking Services
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines
New research commissioned by Affirm, the payment network that empowers consumers and merchants with flexible and transparent payment options, reveals that payment flexibility is now one of the most important factors influencing travellers when booking flights and holidays.
Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking
Big Issue has partnered with open banking payment provider fumopay to offer its vendors an innovative new way to take cashless payments.
Spend Crypto at 700,000 Merchants in SA Using Luno Pay
Together with Scan to Pay’s 650,000 merchants and Luno Pay’s existing network of over 30,000 merchants, this expansion unlocks access to major household retailers, including Checkers, Makro, Vodacom, and Shoprite, bringing crypto payments into the mainstream and marking a major step for cryptocurrency adoption.
More Rewards, More Flexibility: PayPal Introduces 5% Cash Back on Buy Now Pay Later Purchases this Holiday Season
PayPal has announced that U.S. customers will earn 5% cash back on PayPal Buy Now Pay Later (BNPL) purchases between now and the end of the year1. As 60%2 of shoppers feel more financial stress heading into this holiday season, PayPal, one of the leading BNPL providers worldwide, is helping to make it easier to manage spending this holiday season.
Blue Ocean Technologies Announces Promotion of John Willock to Chief Revenue Officer
Blue Ocean Technologies, a capital markets fintech leader in global trading and data, announced today the promotion of John Willock to Chief Revenue Officer, effective immediately.