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146

DBS Bank launches online car selling marketplace

By DBS

Singapore’s DBS Bank is taking advantage of new regulatory freedoms to launch an online marketplace for people to buy and sell cars. (more…)

Banks, Fintech news, Hotnews, InspirAsia

August 17, 2017

Norwegian banks and startups form fintech cluster

More than 20 banks and tech companies in Bergen have aligned to create a fintech hub to push a global innovation agenda amid growing collaboration between banks and startups in Norway. (more…)

Accelerators/Incubators/Labs, Banks, Global trends

August 17, 2017

225

PayPal acquires Swift Financial to expand its working capital program for small businesses

By Paul Sawers for VB

PayPal has announced plans to acquire Swift Financial, a company that provides cash advances and loans to small U.S. businesses. Terms of the deal were not disclosed. (more…)

Banks, eWallets, Payment processors/providers/gateways

August 10, 2017

288

192

Major Thai Bank and IBM Co-Launch Blockchain Platform to Settle Letters of Guarantee

By PYMNTS

The $14 bln Kasikornbank, a major banking group in Thailand, better known as KBank, established a partnership with IBM to launch a Blockchain-based letter of guarantee service. (more…)

Banks

August 10, 2017

390

Millennials and mobile banking – the perfect match?

By Louis Peake – Compass Plus

For quite some time now, millennials have been the primary target market for a vast majority of industries. (more…)

Banks, Mobile-first banks, Payment processors/providers/gateways

August 9, 2017

420

BofE says Ripple PoC reinforces desire for DLT compatibility

The Bank of England says that a distributed ledger technology proof-of-concept with Ripple has reinforced its intention to make a new real-time gross settlement (RTGS) platform compatible with DLT usage in the private sector. (more…)

Banks, Blockchain

July 11, 2017

472

Deutsche Börse makes $10 million investment in Trumid

Deutsche Börse has made a $10 million minority investment in electronic bond trading network Trumid. (more…)

Banks, Deals, Global trends, Hotnews

July 11, 2017

Fidor Bank’s Digital Marketplace Features Nutmeg as Inaugural Partner

Fidor Group has been at the forefront of fintech innovation since it received its banking license in 2009. (more…)

Banks, Mobile-first banks

July 11, 2017

231

Mizuho completes DLT-based trade finance transaction

Mizuho has completed a trade finance transaction between Australia and Japan, digitising all necessary documentation and sharing the data with multiple participants across a distributed ledger. (more…)

Banks, Blockchain, InspirAsia

July 10, 2017

221

N26 to bring Apple Pay to Spanish customers

By n26

When we recently broke the news that we’ll be bringing Apple Pay to Italy, we received dozens of messages asking when we might introduce it to more countries. (more…)

Banks, Deals, Fintech news, Global trends, Mobile-first banks

July 10, 2017

Nordea to deploy AI to speed up customer service

Nordea is to introduce artificial intelligence technology to analyse customer text queries and forward the correspondence to the right department. (more…)

AI / Machine Learning / Big Data, Banks

July 10, 2017

225

India: Axis Bank in talks to buy digital payment platform FreeCharge

Axis Bank has emerged as the frontrunner to buy Snapdeal-owned mobile wallet FreeCharge, according to a report in The Economic Times citing three people aware of the development. (more…)

Banks, Global trends, Hotnews, InspirAsia

July 10, 2017

Core Banking Provider Ohpen secures € 15 Million Series B financing at €100 million valuation

By Ohpen

Amsterdam, 4 July 2017, cloud-based core-banking provider Ohpen has secured a € 15 million Series B investment round led by private equity firm Amerborgh to accelerate international growth. (more…)

Banks, Global trends

July 6, 2017

195

Open Banking releases payments initiation API for UK bank data sharing

Open Banking, the UK bank-funded entity mandated by the Competition and Markets Authority to provide new ways for customers to share their financial data with non-bank providers, has released an API specification for accounts and transaction information and payments initiation. (more…)

Banks, Open Source/ API

July 6, 2017

168

Banks Face $17B Brexit Bill

The Brexit could cost U.K. banks around $17 billion as they look to reshuffle various activities to different points in Europe, according to a study from the Association for Financial Markets in Europe. The study further notes that those costs will likely act as a weight on bank profits for the next several years. (more…)

Banks, Fintech news, Global trends

July 3, 2017

217

RBC Global Assetment Management pumps $20 million into innovation lab

RBC Global Asset Management is to invest $20 million to establish an in-house innovation lab, snapping up Toronto-based digital advisory firm Wiser Investments as part of the package. (more…)

Accelerators/Incubators/Labs, Banks

July 3, 2017

417

UK banking app transaction numbers soar

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year. (more…)

Banks, eWallets, Fintech news, Global trends

June 29, 2017

Leumi launches standalone mobile bank

Israel’s Bank Leumi has launched a standalone mobile bank modeled on consumer use of social media feeds. (more…)

Banks, Mobile-first banks

June 29, 2017

313

Bank of America – Trends in Consumer Mobility Report

The latest Bank of America Trends in Consumer Mobility Report explores emerging payments trends – specifically person-to-person payment technologies (P2P) that allow consumers to send money to others via their mobile device – and forward-looking behaviors among adult consumers across the US. (more…)

Analytics, Banks

June 26, 2017

255

KBC’s K’Ching app introduces AI chatbot for youth market

By KBC

As from today the latest version of the KBC K’Ching app, the KBC mobile banking app for youngsters, will be available in app stores for all K’Ching users. This latest version allows users to communicate through instant messaging with the app through an artificial intelligence (AI) chatbot. (more…)

Banks, Bots

June 21, 2017

353

Banking the unbanked in emerging markets

by  for TechCrunch

As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. (more…)

Banks, Global trends, Hotnews

June 20, 2017

276

Open banking rules to trigger new wave of challengers

Tech companies, retailers and price comparison websites could become major banking brands says Deloitte on the release of research which reveals that a significant number of consumers who already use mobile banking would be willing to share data with traditional retailers. (more…)

Banks, Global trends, Hotnews, Influences FinTech

June 20, 2017

621

Santander’s Openbank relaunched as 100% digital bank

Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018. (more…)

Banks, Hotnews, Mobile-first banks

June 16, 2017

311

Report: SoFi Files Banking Application with FDIC

SoFi has officially filed with the Federal Deposit Insurance Corporation to create a state chartered bank. The filing is not unexpected as SoFi revealed its intent to pursue a banking charter this past May. (more…)

Banks, Hotnews, p2p/online lending

June 14, 2017

397

Asian Banks Outline Blockchain Use Cases

By LTP

Financial institutions are eager to identify the commercial opportunity that blockchain technology can offer their business and ways it can help reduce costs, improve reporting, reduce fraud and enhance security and visibility. (more…)

Banks, Blockchain, Global trends, Government activities

June 8, 2017

438

Only banks that become ‘digital houses’ will survive forthcoming disruption – BBVA chief

By BBVA

BBVA chairman Francisco González says that banks need to shed their past and image as ‘incumbents’ and transform into new digital technology companies if they are to prosper in a banking environment dominated by technologically astute competitors. (more…)

Banks, Hotnews, Influences FinTech

June 8, 2017

303

Mizuho prepares for API banking

Japan’s Mizuho is implementing API interfaces to third party personal financial management apps through a collaboration with IBM. (more…)

Banks, Global trends, Hotnews, Open Source/ API

June 8, 2017