MENU

Banks
Category

kuala-lumpur-1820944_1280

137

Malaysian central bank calls for participation on Fintech Hacks

The Financial Technology Enabler Group (FTEG) has announced that it is seeking ideas from the public on the improvements to financial services sector by harnessing innovation and technology. (more…)

Banks, Deals, Fintech news, Global trends

April 21, 2017

orange-telecom

103

Orange Bank preps July launch

French telco Orange is to open its new mobile-only bank in July, following a soft-launch with employees this month. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

April 21, 2017

Solarisbank

121

Danish startup Hufsy joins with solarisBank on SME banking platform

The Danish fintech startup Hufsy is ready to offer fellow startups a banking service beyond what they are used to. (more…)

Banks, Deals, Open Source/ API

April 21, 2017

japan-flag

135

Mizuho enters digital wallet joint venture with Metaps

By Mizuho

Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato), Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara), Metaps Inc. (CEO: Katsuaki Sato), and WiL LLC (CEO: Gen Isayama) signed an agreement for capital participation and business cooperation for the purpose of providing a new settlement service using FinTech. (more…)

Banks, Deals, Hotnews, InspirAsia

April 20, 2017

Wells Fargo to pilot AI-based Messenger bot

Wells Fargo is boarding the chatbot train, launching a pilot of an AI-based customer services agent within Facebook’s Messenger platform. (more…)

AI / Machine Learning / Big Data, Banks, Bots

April 20, 2017

BNP Paribas and AXA co-operate on blockchain-based fund distribution platform

BNP Paribas is working with AXA Ivestment Managers on the deployment of a blockchain-based fund distribution platform using smart contracts to ease the flow of information between buyers and sellers. (more…)

Banks, Blockchain

April 20, 2017

JPMorgan to sell $6.9 billion of student loans to Navient

JPMorgan Chase agreed to sell a $6.9 billion portfolio of student loans to Navient Corp., five days after the bank told shareholders it was looking to unload the holdings. (more…)

Banks

April 20, 2017

Zelle P2P network zooms past Venmo

The American bank-backed Zelle network processed 170 million person-to-person payments last year boasting an aggregate transaction volume of $55 billion, more than double that of PayPal-owned rival Venmo. (more…)

Banks, p2p-payments

April 19, 2017

UOB, KrisFlyer launch savings account that rewards with air miles

ByYasmine Yahya for Straights Times,

SINGAPORE – United Overseas Bank and KrisFlyer have tied up to launch a savings account with debit card that rewards account holders with air miles when they save or spend.  (more…)

Banks, Fintech news, Hotnews, InspirAsia

April 19, 2017

Here’s one fintech that’s still going head-to-head against banks

By Bryan Yurcan for American Banker,

While there seems to be something of a detente between banks and fintechs as they start to partner more, especially on general consumer financial products, some fintech companies are still looking to beat banks in serving specific types of customers. (more…)

Banks, Fintech news, Global trends

April 19, 2017

Wells Fargo Is Testing a Chatbot in Facebook Messenger

Wells Fargo is testing a “chatbot,” an automated program that can communicate with the bank’s customers on Facebook’s messaging platform to give them information on their accounts and help them reset their passwords. (more…)

Banks, Bots, Global trends, Hotnews

April 19, 2017

biometric-capability

92

Lloyds partners Microsoft to pilot facial recognition access to online banking

Lloyds is teaming up with Microsoft to pilot the use of fingerprint and facial recognition technology for online banking logins on Windows 10 devices. (more…)

AI / Machine Learning / Big Data, Banks, Global trends, Hotnews, Influences FinTech

April 18, 2017

Blockchain startup Chain appoints Goldman Sachs Managing Director as President

Chain, Inc., a U.S.-based blockchain startup, has announced that Goldman Sachs Managing Director Tom Jessop is joining the company as President, effective immediately. (more…)

Banks, Blockchain

April 18, 2017

Big banks more popular than fintechs with US SMEs – survey

A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks. (more…)

Banks

April 13, 2017

DBS-Bank-e1449201165629

227

Apac banks suspicious about fintech consortiums

A research paper has revealed a level of scepticism among Asia Pacific banks when it comes to joining forces with fintechs. (more…)

Banks, Global trends, Hotnews, InspirAsia

April 13, 2017

Meniga-Georg-Lúðvíksson-798x532

164

Banking tech platform Meniga secures €7.5 million in new funding

Digital banking technology startup Meniga has announced a funding round of €7.5 million from Industrifonden. Velocity Capital, Frumtak Ventures, and Kjolfesta also participated. (more…)

Banks, Fintech news, Mobile payments/banking, PFM/PFP services

April 12, 2017

la-fi-wells-fargo-settlement-20160907-snap

153

Wells Fargo & Company Announces $20M Expansion of CleanTech Innovation Incubator

Wells Fargo & Company (NYSE:WFC) announced a $20m expansion of the Wells Fargo Innovation Incubator (IN2), a program that advances emerging clean technologies and startup companies. (more…)

Accelerators/Incubators/Labs, Banks, Global trends, Hotnews

April 12, 2017

Hellenic Bank launches API public beta

By Hellenic Bank,

In a short period of time, Hellenic Bank has managed to establish a reputation for its innovation-oriented initiatives and has gained a position on the world stage. We have now stretched beyond the realm of traditional banking to lead the way in reimagining financial services through API Banking. (more…)

Banks, Open Source/ API

April 12, 2017

r_74735r62f818881cc7b2e809

237

Qatar Commercial Bank Completes International Money Transfer Blockchain Pilot

By Samburaj Das for CCN

Commercial Bank, a private Qatari bank has revealed the successful completion of an initial blockchain pilot enabling international funds transfers with a number of banks in the region and beyond. The offering could have a significant impact on outward remittances in a country that houses a large population of working immigrants from a number of regional nations. (more…)

Banks, Blockchain, Global trends, Hotnews

April 11, 2017

Nets buys two payment units from OCBC

By Siow Li Sen for Business Times

NETS will buy two payment companies wholly owned by OCBC Bank as part of a move to go cashless in Singapore. (more…)

Banks, Deals, Hotnews, InspirAsia, Payment processors/providers/gateways

April 11, 2017

http-com.ft.imagepublish.prod.s3.amazonaws

112

SoftBank pushes for merger of India’s Snapdeal and Flipkart

By Kiran Stacey for Financial Times
Tie-up of ecommerce groups would counter growing threat from Amazon in the country

(more…)

Banks, Deals, Hotnews

April 10, 2017

marty-chavez

470

Goldman Sachs wants to become the Google of Wall Street

By Matt Turner for BI

  • Marty Chavez, a top executive at Goldman Sachs, has outlined a radical future for the Wall Street bank.
  • He has said he wants Goldman Sachs to be for risk what Google is for search.
  • “We’re packaging everything we do, and actually, we’re redesigning the whole company, around APIs.”

(more…)

Banks, Global trends

April 10, 2017

download (1)

213

What Dimon had to say about fintech in his annual letter

By Robert Barba for American Banker

This year, JPMorgan Chase plans to allow its retail customers to open an account and complete most transactions on their mobile device and offer them self-directed investment tools, while corporate customers can expect an enhanced digital platform. (more…)

Banks, Fintech news, Hotnews, Influences FinTech

April 10, 2017

Standard Chartered launches digital wealth advisory tool

By Thomson Reuters,

Standard Chartered Private Banking has introduced ADVICE, a digital wealth advisory tool for its relationship managers (RMs) that integrates the Private Bank’s entire suite of house views and investment recommendations with Thomson Reuters’ real-time market information. (more…)

Banks, Financial Markets / Trading, Global trends, Hotnews, Wealth management

April 7, 2017

monzo

161

Monzo gears up for current accounts after receiving full banking license

UK digital challenger Monzo has had its banking restriction lifted, enabling it to start bringing current accounts to its users. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, Influences FinTech, Mobile-first banks

April 6, 2017

Wells Fargo, Finicity Team To Provide An API-Based Way Of Sharing Customer Information

Wells Fargo & Company announced Wednesday (April 5) that it and Finicity, a provider of real-time financial data aggregation and insights, have signed an agreement that provides an application programming interface (API)–based method for sharing Wells Fargo customer information with the financial apps and services that Finicity supports. (more…)

AI / Machine Learning / Big Data, Banks, Fintech news, Global trends, Hotnews

April 6, 2017

download (1)

105

-1x-1

145

Deutsche Bank buys stake in receivables auction platform TrustBills

By DB

Deutsche Bank AG today announced the acquisition of a 12.5 percent share interest in the receivables auction platform TrustBills. (more…)

Banks, Deals, Fintech news, Hotnews, InspirAsia

April 5, 2017

2ad4ec64a51538e11b4afbbb4931b10e

160

JPMorgan Chase pumped $600m into fintech in 2016

JPMorgan Chase spent around $600 million on emerging fintech solutions last year, says the bank’s CEO Jamie Dimon in a letter to shareholders which also mentions an API store and some “interesting developments” in the bill payments department. (more…)

Banks, Deals, Hotnews

April 5, 2017

rabobank-header

119

Rabobank invites employees to pitch ideas for new brand strategy

By Rabobank

Envision… having the opportunity to reintroduce Rabobank to the Netherlands and to the world. (more…)

Banks, Fintech news, Hotnews

April 5, 2017