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462

ABN Amro deploys financial coaches to turn silver surfers onto mobile banking

The silver surfers are on the rise, with 90% of ABN Amro’s customers over the age of 65 using internet banking, although just a quarter access their accounts via mobile phones. (more…)

Banks, Fintech news, Global trends

May 30, 2018

560

Goldman Sachs leads $250m Tradeshift funding round

Supply chain finance outfit Tradeshift has joined the unicorn club after closing a $250 million Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board. (more…)

Banks, Fintech news, Global trends, Hotnews

May 30, 2018

Raiffeisen Bank selects Fico for digital account origination

By Fico

Raiffeisen Bank will use new customer onboarding technology from analytic software firm FICO to increase its digital lending capabilities in Romania. (more…)

Banks, Fintech news

May 30, 2018

Intesa Sanpaolo collaborates with OurCrowd for funding SMEs and startups

By Intesa,

Intesa Sanpaolo Innovation Center, subsidiary of the Intesa Sanpaolo Group that promotes innovation development processes and plans, and OurCrowd, a world leader in equity crowdfunding and a fast-growing Venture Capital platform, announced today that it has signed a Memorandum of Understanding with the aim to promote startup access to international capital markets. (more…)

Banks

May 30, 2018

496

KPMG and MAS Schedule Second Global Fintech Hackcelerator for the 2018 Singapore FinTech Festival, Accepting Applications Now

For the second year running, KPMG Digital Village and the Monetary Authority of Singapore (MAS) will be organizing the Global FinTech Hackcelerator for the 2018 Singapore FinTech Festival. (more…)

Banks, Global trends, Government activities

May 29, 2018

483

Tandem reaches 100,000 clients, signs for Form3 paytech

UK-based challenger Tandem says “100,000 Brits are now using the bank to spend, save, and manage their money”. (more…)

Banks, Hotnews

May 29, 2018

353

ICICI Bank unveils innovation labs

India’s ICICI Bank has launched two innovation labs as it hunts for digital growth and a new mindset.

(more…)

Banks

May 29, 2018

420

When FinTechs Compete, Banks Can Also Win

It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain to continue. (more…)

Banks

May 28, 2018

506

ING opens developer portal

ING has opened its internal developer portal to coders from corporate clients and fintech startups, providing access to simulated APIs for testing and developing new products. (more…)

Banks, Open Source/ API

May 25, 2018

386

Nordea takes a caning over delivery of EUR500 notes to foreign exchange bureaux

On Thursday 24 May Operation X, a programme broadcast by the Danish television channel TV2, will put the spotlight on Nordea’s role in delivering foreign exchange to foreign exchange bureaux. (more…)

Banks, Fintech news, Global trends

May 25, 2018

Paypal CFO Talks Venmo Mobile App and Says Paypal Will Transmit Crypto “If it Stabilizes”

After a fairly flat quarter of stock performance in Q1 2018, PayPal CFO John Rainey sat down with CNBC “Mad Money” host Jim Cramer last week to discuss growth of the company, plans for its mobile payment app Venmo and the possibility of enabling crypto payments on its platforms in the future. (more…)

Banks, Fintech news, Global trends

May 25, 2018

515

Former Visa chief takes the helm at crypto banking startup

Marc O’Brien, former CEO of Visa UK and a key advisor of Revolut, has been appointed chief executive officer of mobile crypto bank Crypterium. (more…)

Banks

May 22, 2018

519

Castlight empowers first open banking loan for HSBC

Castlight Financial, the Glasgow-based financial capability company, has partnered with HSBC UK in the delivery of the bank’s first open banking loan. (more…)

Banks

May 22, 2018

MUFG to roll out blockchain payment network next year

Mitsubishi UFJ intends to roll out a new payments platform for micropayments and Internet of Things applications using a blockchain network from Akamai. (more…)

Banks

May 22, 2018

497

Digital banking transformation creating new systemic risks

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance. (more…)

Banks, Global trends

May 22, 2018

399

Sberbank offers electronic storage of financial documents to business clients

By Sberbank,

Sberbank has launched a new service called ‘Electronic Archive’. It is a cloud-based SaaS solution for long-term storage of electronic documents and suits all companies, from major corporations to small enterprises, thanks to its convenient interface and accessible price. (more…)

Banks

May 22, 2018

722

DBS to roll out ‘Live more, bank less’ rebrand as digital transformation takes hold

By DBS,

DBS Bank, a leader in digital transformation, today signalled that the time has come for a new kind of banking. (more…)

Banks

May 18, 2018

455

Revolut releases API for business banking

By Revolut,

The internet has improved our lives in every way imaginable, by allowing us to build the interconnected world we all live in. (more…)

Banks

May 18, 2018

874

Equifax works with HSBC on Open Banking credit applications

By Equifax,

HSBC UK has created the first live use case of open banking for credit applications using the InterConnect platform from Equifax, the consumer and business insights expert. (more…)

Banks, Credit scoring, Hotnews

May 18, 2018

Sberbank and MTS issue first Russian bonds on a blockchain

Sberbank and telco MTS have implemented the first Russian issue of commercial bonds via smart contracts utilising a blockchain platform developed by National Settlement Depository. (more…)

Banks, Cryptocurrencies, Fintech news, Global trends

May 16, 2018

686

Morgan Stanley to offer market insights on Alexa devices

 

Morgan Stanley is to offer voice-powered market insights and investment ideas available to clients using all Alexa-enabled devices.

Listeners will be able to tune in to timely insights drawn from Morgan Stanley’s Equity and Fixed Income Research as well as podcasts and other original content.  (more…)

Banks, Fintech news, Global trends, Hotnews

May 16, 2018

459

Ant Financial Seeks $10B In Funding

(more…)

Banks

May 14, 2018

543

The Future ART Augmented Reality Technology in Banking

By Pooja Golakonda – Edgeverve

I still remember seeing science fiction movies in my child hood where suddenly a 3D display would emerge from nowhere followed by some quick actions. I always thought it was fiction until I read about the Augmented Reality technology. Although this technology debuted in 1968, it came to common man’s notice only with Google Glass in 2014. This was followed by Microsoft Hololens, snapchat camera filters and Magic Leap One headset to mention a few. This is also the same time when banks were preparing themselves to understand and embrace this technology. As I write this blog, there is this discovery that it is more than what it seems to be like to use this technology. (more…)

Banks, Global trends

May 14, 2018

Banco BNI Partners with Lendrock on Auto Finance

Banco BNI Europa, a digital challenger bank based in Portugal, has partnered with Lendrock in Spain to provide financing to consumers looking to buy a car. Banco BNI said it will invest up to €15 million on this online financing platform that specializes in near prime consumer auto financing. (more…)

Banks, Deals

May 14, 2018

Southeast Asia’s Carro raises $60M for its automotive classifieds and car financing service

Carro, an automotive classifieds service and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia. (more…)

Banks, Global trends

May 14, 2018

779

Starling Bank calls time on contactless payments

Starling Bank has added a range of Garmin smartwatches to its growing roster of contactless payment devices. (more…)

Banks, Mobile-first banks

May 11, 2018

476

DBS launches digital financial advice tool

By DBS,

Singapore’s DBS has added a “holistic digital financial advisor” to its app, giving customers a deeper insight into their spending and saving. (more…)

Banks

May 10, 2018

Your next bank card will have a fingerprint scanner built-in

 

Mastercard says it is ready to issue thousands of biometric bank cards as its fingerprint scanners can be used everywhere. But, will people want them?

(more…)

Banks, Global trends

May 3, 2018

Morgan Stanley kicks new tech strategy into gear

Robert Rooney Morgan Stanley. He is head of technology.

By Penny Crosman for American Banker

Morgan Stanley CEO James Gorman has asked Rob Rooney, the investment bank’s technology chief and leader of its international unit, to return to New York to focus solely on the tech part of his job. (more…)

Banks

May 2, 2018

499

DBS launches real-time cross-border payment tracking for all corporate and SME clients

More than 200,000 of DBS’ corporate and SME clients will now be able to benefit from better cashflow visibility through real-time cross-border payment tracking. (more…)

Banks, Fintech news, Global trends

April 29, 2018