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322

DBS rolls out VR mortgage app

DBS Bank has launched a mortgage app that lets Hong Kong homebuyers take virtual, 360 degree tours of properties. (more…)

Banks, Fintech news, Global trends

September 8, 2017

252

Atom Bank targets German retail savings market

British app-only bank Atom is making a move into the German market through partnership with local startup Deposit Solutions. (more…)

Banks, Hotnews, Mobile-first banks

September 8, 2017

247

BofA and FitPay team on wearable contactless payments

By Bank of America

Bank of America (NYSE: BAC ) and FitPay, Inc., a wholly-owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD), today announced an agreement to extend contactless payment capabilities to a range of new devices, giving Bank of America customers more payment options and accelerating the adoption of new payment devices. (more…)

Banks, Hotnews

September 8, 2017

171

UK’s largest retailer launches Tesco Pay+

The UK’s largest retailer, Tesco, with £54.4m in sales has announced that its current digital wallet app PayQwiq, is to be re-launched as Tesco Pay+. Further details about Tesco Pay+ will follow later in September. (more…)

Banks, p2p-payments

September 8, 2017

KBC Bank Ireland introduces app-based account opening

By KBC bank

KBC Bank Ireland, Ireland’s digital-first bank, has launched a ground-breaking new mobile app for new customers. KBC’s app is the first of its kind, and works by allowing customers to open, activate and use their bank account at any time, within just five minutes. (more…)

Banks, Hotnews, Security

September 8, 2017

Credit Suisse fintech fund invests in employee monitoring firm

Credit Suisse’s fintech fund has made a majority investment in Sapience Analytics, an Indian firm that helps firms monitor how employees use their computers and phones. Financial terms were not disclosed. (more…)

Banks, Deals, Global trends

August 31, 2017

224

Singapore to develop common QR code for payments

Singapore is planning to develop a common QR code that will facilitate payments among different schemes, e-wallets and banks. (more…)

Banks, Government activities, Hotnews

August 30, 2017

UK challenger bank launches as proptech market hots up

Redwood Bank, a new challenger bank providing mortgages to small businesses and professional landlords, has opened its doors four months after it was granted a banking license. (more…)

Banks, Hotnews, Mobile-first banks

August 30, 2017

168

Thailand’s Kasikorn Bank backs cloud accounting startup in first deal for $30M fund

By Jon Russel for TechCrunch

Thailand’s banks have stepped up to chase the startup dream over the past year. Following on from SCB’s Digital Ventures, which has backed blockchain startup Ripple among others, Kasikorn Bank (KBank) has made the first investment from its $30 million fund — a $1.15 million round for Bangkok-based FlowAccount. (more…)

Banks, Global trends, Hotnews

August 30, 2017

273

Mizuho Bank employs IBM Watson to fight financial crime

Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara) and IBM Japan, Ltd. (General Manager: Elly Keinan) today announced that Mizuho Bank begun to verify operations towards more advanced and efficient risk management by employing cognitive technology *1 to take measures against financial crimes such as terrorism financing that governments across the world urge financial institutions to regulate more severely. (more…)

Banks, Global trends

August 28, 2017

354

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

347

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

452

324

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

590

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

528

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

585

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

325

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

335

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

318

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

277

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

252

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

331

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

561

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