MENU

Banks
Category

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

386

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

353

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

316

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

271

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

510

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

322

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

542

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

454

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

291

Ant Financial Seeks $10B In Funding

(more…)

Banks

May 14, 2018

319

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

497

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

361

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

332

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

Meniga Receives $3.7 Million to Fuel International Rollout

By Julie Munn,

 

Digital banking and marketing startup Meniga announced it received a $3.7 million (€3 million) investment from Nordic bank Swedbank. This brings the company’s total funding to $27.1 million since it was founded in 2009. (more…)

Banks, Deals

April 29, 2018

Westpac extends Banking Skill to Amazon Echo Spot

By WestPac

Westpac has today announced its customers can now access the Westpac Banking Skill offered via Amazon Alexa on Echo Spot, Amazon’s latest voice-enabled and touchscreen device. (more…)

Banks, Fintech news, Global trends

April 29, 2018

293

Mitsubishi to create dedicated AI unit

Mitsubishi UFJ is to consolidate its disparate artificial intelligence development programmes, moving R&D away from distinct business departments to a new AI Studio (M-AIS) within its Japan Digital Design subsidiary. (more…)

Banks

April 29, 2018

Monzo Labs offers customers early access to new features

Monzo is inviting customer to join a new ‘labs’ feature to gain early access to, and give feedback on, new tools being trialled by the digital bank. (more…)

Accelerators/Incubators/Labs, Banks

April 29, 2018

BNY Mellon backs third-party risk management firm TruSight

By Trusight

TruSight announced today the addition of BNY Mellon as a key investor and client, joining the company’s founding members—American Express, Bank of America, JPMorgan Chase and Wells Fargo. (more…)

Banks, Fintech news, Global trends

April 25, 2018

N26 Now Offering Google Pay in Belgium, Ireland, Slovakia, & Spain


German mobile bank N26 announced on Tuesday it is now offering Google Pay in Belgium, Ireland, Slovakia, and Spain. The bank reported it has a strong focus on innovation and its international expansion, along with aiming to  consistently strives to make the most modern products available to its customers.
(more…)

Banks, Global trends

April 25, 2018

392

Sberbank prepares for a robotic future

Sberbank is collaborating with Russian venture capital outfit, Internet Initiative Development Fund, on a programme for accelerating intelligent robotics projects. (more…)

Banks

April 23, 2018

361

Irish central bank tunes in to fintech

The Central Bank of Ireland is launching an innovation hub and industry engagement programme to keep step with the evolving fintech and regulatory landscapes. (more…)

Banks, Fintech news, Global trends

April 22, 2018

385

National Bank of Canada & JPMorgan Test Out Blockchain Technology with NBC Debt Issuance in U.S. Financial Markets

National Bank of Canada (NBC) announced on Friday, with the support of J.P. Morgan, it issued a $150 million one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance using blockchain technology. According to the banking group, this blockchain test involved the parties following the execution of the actual transaction through a debt issuance application developed by J.P. Morgan that runs on Quorum, an open-sourced variant of the Ethereum blockchain, specifically designed to meet the needs of financial markets participants. (more…)

Banks, Blockchain, Cryptocurrencies

April 22, 2018

Belarus-style Silicon Valley: Why Nobody Rushes Up Into Tax-Free ICOs?

HTP press-centerThe “unprecedented” Decree on the Development of Digital Economy, signed by President Alexander Lukashenko in December, officially came into force on March 28 in the Republic of Belarus. The document signals a new dawn for the country, facilitating any form of cryptocurrency-related activity, and according to the leader should make Belarus “a tech country”. (more…)

Banks, Blockchain

April 22, 2018