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Monzo Announces New Abroad ATM Fee Amounts

By Samantha Hurst for Crowdfunding Insider

Just one month after asking its Community to decide on ATM fee pricing, challenger bank Monzo announced the new prices for abroad ATM fees. The company shared in a post on Tuesday: (more…)

Banks, Global trends, Hotnews

October 18, 2017

113

IBM uses blockchain to improve cross-border payments processing

IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive. (more…)

Banks, Deals, Fintech news, Hotnews

October 16, 2017

189

Blockchain Technology’s Applications in Banking is ‘Infinite’: Credit Suisse Banker James Disney

Credit Suisse bank’s global head of software investment banking, James Disney, addressed the applications of Blockchain technology in the banking industry saying, ‘sky is the limit.’ (more…)

Banks, Blockchain

October 11, 2017

162

Wells Fargo expands fintech banking team

By Wells Fargo

Wells Fargo Corporate Banking announced today that it has expanded its financial technology banking team to better serve financial products and services companies that rely on new technology. Charles “Chuck” Silverman, a 25-year company veteran, has been named head of the expanded Financial Technology (FinTech) Group. (more…)

Banks

October 11, 2017

142

Temenos wins “material deal” with Santander’s Openbank

By Temenos

Further to the press release issued on 9th October 2017 announcing a global tier 1 bank had selected Temenos Core Banking, Temenos (SIX: TEMN), the software specialist for banking and finance, can today confirm that Openbank, the digital bank of Santander Group, has selected Temenos Core Banking to be implemented as Openbank’s new core banking solution for retail and SME banking across its global operations. (more…)

Banks, Hotnews

October 11, 2017

197

ING invites aspiring entrepreneurs to ‘Test Your Idea’

ING in Poland has launched a new online tool which enables entrepreneurs to test out their business ideas with a target group of prospective users. (more…)

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

October 9, 2017

174

BBVA passes 15 million mobile customers milestone

By BBVA

BBVA now has more than 15m mobile active customers across its global footprint, as its digital strategy continues to prove a success. (more…)

Banks, Fintech news, Global trends

October 9, 2017

125

DBS launches treasury management simulation tool

By DBS

DBS Bank, Asia’s leading digital bank, today announced the launch of the world’s first online treasury and cash management simulation tool for CFOs and corporate treasurers. (more…)

Banks, Hotnews

October 9, 2017

Temenos Teams Up with MuleSoft to Accelerate Open Banking

 

 

(more…)

Banks, Fintech news, Global trends, Open Source/ API

October 6, 2017

237

Open banking; who to choose

The question is… who will the customer choose to be their banking confidant in this new, open connected banking marketplace starting from January? The answer is the one you trust the most with your money and data. (more…)

Banks, Fintech news, Global trends, Hotnews, Open Source/ API

October 5, 2017

Starling to move into business banking

Digital challenger bank Starling is to open a mobile-only business account for small traders and SMEs. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

October 5, 2017

Ten Years of iPhone Success: What Could Banks Learn From Nokia’s Fall?

 

Forbes Nokia 2007

By Alex Kreger – UX Design Agency

This year, Apple celebrates ten years since the iPhone launch. We can all agree that it changed the world in which we live. But, ten years ago, just a few months after the presentation of the iPhone, Forbes appeared with the title on the cover: “Nokia. One billion customers – can anyone catch the cell phone king?” Nobody was expecting what would happen in the next 10 years. (more…)

Banks, Fintech news, Global trends

October 5, 2017

ANZ acquires proptech startup REALas

ANZ

ANZ has acquired a startup that uses data analytics and crowdsourced market chatter to provide prospective home buyers with accurate predictions of property price momentum in Australia’s fervent real estate market.

Launched in 2011, the REALas price prediction is calculated using a proprietary algorithm developed with RMIT University, property buyers and real estate experts. (more…)

AI / Machine Learning / Big Data, Banks, Deals, Hotnews

October 3, 2017

151

ANZ goes live with Fitibit payments

ANZ today announced it had partnered with leading global wearables brand, Fitbit, to offer customers the ability to make payments on the run through Fitbit Ionic, the ultimate health and fitness watch. (more…)

Banks

October 3, 2017

252

A new map for strategic growth in banking

By Mckinsey Insights

Portfolio strategists need to look beyond economic development when eyeing new investment.

When bank strategists seek new growth or reevaluate their portfolios, the odds of success often look stronger in places where banking penetration is low and opportunities relatively abundant. But not always. (more…)

Banks, Global trends

September 28, 2017

172

ABN Amro launches Sustainable Investment Tool

By ABM Amro

From the local florist stall to the large metalworking factory in an industrial park – starting today, all of ABN AMRO’s business clients can go online to see what they can do to make their commercial premises more sustainable. (more…)

AI / Machine Learning / Big Data, Banks, Global trends, Hotnews, Wealth management

September 28, 2017

195

HSBC moves into open banking

HSBC is testing a platform that lets customers see all of their accounts, no matter who the provider, on one screen. (more…)

Banks, Global trends, Hotnews, Open Source/ API

September 28, 2017

207

BBVA ports 92% of product portfolio to the mobile

BBVA’s mobile banking strategy is picking up pace, with the bank predicting that virtually its entire portfolio of Spanish banking products will be available as an app-based service by year-end. (more…)

Banks, Global trends, Mobile-first banks

September 25, 2017

204

ABN Amro online lending startup New10 opens for business

ABN Amro is promising credit-worthy small businesses a decision on a loan application in 15 minutes through a home-grown fintech startup, dubbed New10. (more…)

Banks, Global trends, Hotnews, p2p/online lending

September 22, 2017

187

German central bank flags DLT weaknesses

Deutsche Bundesbank has dampened the blockchain hype, dismissing distributed ledger technology’s prospects in retail payments, at least in the eurozone, and pouring cold water on central bank-issued digital currencies. (more…)

Banks, Fintech news, Global trends

September 22, 2017

Core banking provider Ohpen acquires Fynn Advice

Core banking provider Ohpen has announced its acquisition of FYNN Advice, an implementation consulting company that advises financial institutions on the implementation of core banking systems. (more…)

Banks

September 21, 2017

148

JPMorgan Chase invests in Bill.com

JPMorgan Chase has made an undisclosed investment in Bill.com and aims to use its technology to provide a simpler and faster way for businesses to send and receive invoices and payments (more…)

Banks

September 20, 2017

115

Jewel Paymentech Puts Banks On Par With FinTechs

There’s one thing banks and FinTechs can agree on: Those old-fashioned merchant onboarding processes take way too long. But nimble FinTechs have been able to move much faster to address that compared to their lumbering legacy competitors, and that has often left traditional banks to watch as merchants turned to the FinTechs instead. (more…)

Banks, Global trends, Payment processors/providers/gateways

September 20, 2017

JPMorgan seeks to banish paper payments with fintech venture

JPMorgan Chase is partnering with another fast-growing technology firm, this time to help business clients eradicate paper checks. (more…)

Banks, Fintech news, Global trends

September 20, 2017

260

Xero and Santander team on SME banking service

By Xero

Today, Xero, the UK’s leading online accounting software, and Santander, announce an integrated service for SMEs. (more…)

Banks, SME

September 15, 2017

161

Moven builds AI into latest app upgrade

By Moven,

Today, the team at Moven is releasing the latest update to their financial wellness platform. The release will be available in the Google Play and App store in the United States, as the team gears up to roll out the innovations for their global bank partners. (more…)

Banks, Hotnews, Mobile-first banks, PFM/PFP services

September 15, 2017

162

HSBC backs Startupbootcamp FinTech Mexico

HSBC and VC fund IGNIA have become the latest big names to back Startupbootcamp FinTech Mexico, the accelerator bidding to boost financial technology innovation in Latin America. (more…)

Accelerators/Incubators/Labs, Banks

September 15, 2017

165

ABN Amro turns to Bankable platform for digital unit Moneyou

By Bankable

Bankable’s Banking as a Service platform powers Moneyou BV, the fully digital consumer subsidiary of ABN Amro. The service is now opened to selected customers in the Netherlands. (more…)

Banks, Hotnews

September 13, 2017

276

Open Banking: Open for Business or Closed to Progress?

By Pau Velando – Strands

The future of banking is indisputably Open Banking. Open in all senses of the word: transparency, ease of access to information and a place at the table for new market players. (more…)

Banks, Global trends

September 13, 2017

Monzo Teams Up With Deliveroo For New “Split the Bill” Feature

Crowdcube success and fintech company Monzo announced it has teamed up with Deliveroo for a new feature, Split the Bill. Deliveroo designer, James Storer, revealed details about the new app feature:

“At Deliveroo, ‘split the bill’ is probably one of our most requested features, and it’s been on our roadmap since I joined the company over two years ago. In that time, we’ve done email surveys, phone interviews and multivariant tests to try and definitively prove its worth. We also ran a really cool user research session by inviting a group of friends to our research lab (set up to look like a living room) and asking them to relax, watch Netflix and play video games while placing an order. This let us observe their group ordering habits and see how they split the cost between themselves.”

(more…)

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

September 13, 2017