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Deals: Personal finance website partners OCBC to offer home loan with a rate of 1.63%

By Rachel Boon for StraitsTimes,

SINGAPORE -Personal finance portal MoneySmart.sg will offer an OCBC Bank home loan for a limited period. (more…)

Banks, Deals, Fintech news, Japan, Mobile-first banks, SME

February 12, 2016

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Why a former trust company launched a digital-only bank

By Mary Wisniewski for the American Banker Magazine,

Rather than partner with a neobank, a more than 45-year-old Canadian financial services company chose to build a digital-only brand to acquire retail customers and to control the user experience. (more…)

Banks, Fintech news, Mobile-first banks

February 4, 2016

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The hottest European fintech startups in 2015

EU-STARTUPS: In the last decade, there were a bunch of really successful fintech companies that started in Europe. Companies like Klarna, Adyen or Transferwise (to name just a few) changed the way we do payments or the way we transfer money overseas. By pursuing radical new concepts, these fintech startups became some of Europe’s most valuable companies within just a few years.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks, news, p2p-payments, p2p/online lending, POS/mPOS and online acquiring, Remittances

July 10, 2015

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Innovation in banks: Barklays, RBS, Citi, Standard Chartered

BLOOMBERGVIEW: What kind of chief executive does a big modern bank need? Apparently not a traditionally hypercompetitive investment banker like Anshu Jain, who lost his co-CEO job at Deutsche Bank last month — but evidently not a quiet retail banker like Antony Jenkins, Barclay’s freshly ousted chief, either.

(more…)

Analytics, Fintech news, Global trends, Mobile-first banks, news

July 8, 2015

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Britain Just Gave The Green Light To A Bank With No Branches And No Website — Just An App

Business Insider: Atom Bank, the online-only challenger bank, just won a banking licence to operate in the UK and plans to launch later this year. Unlike traditional banks — and even some challengers — Atom Bank won’t have any branches or even a website initially, operating purely though a mobile app. (more…)

Fintech news, Mobile-first banks, news

June 24, 2015

Filiale CHEBANCA Firenze

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Why Would A Digital Bank Have Branches? (CheBanca! case study)

The Finanser:  I just visited with Roberto Ferrari at CheBanca! in Italy.  For those who don’t know CheBanca!, it is the digital first bank launched in 2008 by Mediobanca.  Mediobanca provides merchant bank services in Italy and had never had a retail bank before.  Therefore, it made sense in the post-meltdown digital age to implement a fintech bank fit for Italy, and CheBanca! claims to be that bank.   (more…)

Mobile-first banks, news

May 27, 2015

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GoCardless Founder Tom Blomfield’s New Startup Is A “Full Stack” Mobile-First Bank

TECHCRUNCH: We already knew that GoCardless co-founder Tom Blomfield was working on a new U.K. banking startup, but now, thanks in part to a noisy series of Tweets from investors, developers and the company’s own Twitter account, more details have emerged. Dubbed Mondo, the startup is described as a “full stack” and mobile-first bank, in reference to the fact that it isn’t simply a mobile app piggybacking existing banking software or an existing bank in order to offer a better User Experience. Instead, my understanding is that the company’s plans and accompanying technology is considerably more ambitious. (more…)

Fintech news, Mobile-first banks, news

May 26, 2015

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Brett King’s Moven 4.0 (one of Life.SREDA’s portfolio companies) wins Best in Show at Finovate

THE FINANSER: I’ve been involved in Brett King’s new venture, Moven, since its inception and was pleased to see the new renovated version won Best in Show at Finovate yesterday in San Jose.  In a key announcement, Moven has partnered with Accenture to roll out their capabilities worldwide and, in what many are referring to as Bank 4.o, demonstrated key new features including links to the Apple Watch and a feature called Impulse that locks up your money unless you explicitly unlock it. (more…)

Fintech news, Hotnews, Mobile-first banks

May 14, 2015

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Debunking Myths Around Apple Pay Fraud

THE NEXT WEB: Last month David Bozin discussed how Apple Pay was highlighting crucial flaws in how banks deal with digital payments. This month, Judo CEO Dennis Jones explores fraud in m-payments and the myths surrounding it. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks

April 9, 2015

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Google Wallet Adds New Integrations With Shopify, Seamless, Dunkin’ Donuts And More

TECHCRUNCH: Google has been stepping up its game in mobile payments the last several months, buying Softcard’s point-of-sale tech and making some international advances for its money transfer service. Today it’s adding another crucial piece to mix: some key integrations with merchants and merchant platforms. Customers that use Android apps from Dunkin’ Donuts and Seamless, and merchants that build online stores through Shopify, will now all be able to access Google Wallet to make and accept quick payments. (more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

April 9, 2015

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BBVA Compass Goes Live With Real-Time Payments

Ben Milne in The Dwolla Blog: Real-time is here for everyone and there’s no turning back. It’s not just an idea. FiSync allows money to move like you’d expect it to: instantly. Dwolla’s FiSync protocol facilitates secure real-time payments that bypass traditional networks. Transactions initiated via FiSync are fast, secure, and available now through BBVA Compass. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, news

April 8, 2015

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FacePay?

TECHCRUNCH: What if buying something was as easy as Liking it? You’d probably buy a lot more, and buy it through whoever made it so damn simple. Becoming that conduit for payments means more than racking up transaction fees. For the portal to purchase influences not just how you buy, but what. Today, purchases are fragmented, and so too is that influence. We buy online and offline. Cash, Credit, PayPal, and now Apple Pay. In turn, influence splinters into ads run on television, print, digital, billboards, and other channels. Whether we want something already or not, the ads are supposed make us more intent on actually spending our money. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, news

April 6, 2015

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The Five Most Influential People In The Future Of Banking

Medium.com: The five most influential people in the future of banking: Brett King (CEO Moven, USA), Matthias Kröner (CEO Fidor bank, GER), Bank of Dave aka @FishwickDavid (UK), Piyush Gupta (CEO DBS bank, SG), Matteo Rizzi (General Partner SBT, Belgium) – the first two are founders of Life.SREDA’s portfolio projects.

(more…)

Fintech news, Mobile payments/banking, Mobile-first banks, news

April 5, 2015

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Apple and Alibaba Could Destroy The Banks

BUSINESS INSIDER: The world of payment technology may be a boring one for most people, but it’s difficult to avoid exposure to it. Whether paying for your morning coffee with contactless card, buying a new TV on eBay using PayPal or paying your rent through a mobile app payment systems are an ubiquitous part of modern life. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, news

March 31, 2015

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Amazon’s New Unlimited Cloud Storage Is Absurdly Cheap

WIRED: The steady march towards cheaper cloud storage has just turned into a sprint. Rather than being merely competitive with leaders like Google Drive, Dropbox, and iCloud, Amazon has decided to undercut their pricing by more than half. In some cases, much, much more. (more…)

Fintech news, Influences FinTech, Mobile payments/banking, Mobile-first banks, news

March 26, 2015

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ShopKeep Buys Payment Revolution, Adds Payment Processing To Its Point Of Sale Solution

TECHCRUNCH: ShopKeep (cash-register & mPOS) bought payment processor company Payment Revolution and is going to add payment processing to its current POS offer

(more…)

Deals, Fintech news, Mobile payments/banking, Mobile-first banks, POS/mPOS and online acquiring

March 25, 2015

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How Apple Pay Exposes Security Flaws In Banking

THE NEXT WEB: With Apple Pay coming out, it seems as if there is a whole new technology that has just been released. In reality, NFC payments have been around for a while, but Apple is the platform that has enough user adoption that will actually result in mass adoption. Thus far, we have seen just the start, with further tech such as the Apple Watch supplementing further growth. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, news

March 24, 2015

Amazon

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Amazon Loses Its General Manager Of Payments Following Wallet Shutdown

TECHCRUNCH: Amazon’s VP and General Manager of Payments, Matt Swann, who most recently oversaw initiatives including Amazon’s Square competitor called Local Register and Amazon Wallet, has left the company, TechCrunch has confirmed. The move comes shortly after Amazon shut down its beta version of Wallet in January amid mediocre reviews, and an increasingly competitive landscape where Apple Pay and Google Wallet now dominate.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks, news

March 20, 2015

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10 Major Trends of the 2014 Year

Vladislav Solodkiy, Managing Partner of Life.SREDA VC, highlights ten most interesting trends of 2014 year in FinTech industry.

(more…)

Columns, Mobile payments/banking, Mobile-first banks

March 19, 2015

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Facebook Introduces Free Friend-To-Friend Payments Through Messages

TECHCRUNCH: When you chat with friends about settling debts or splitting the bill, Facebook doesn’t want you to have to open another app like PayPal or Venmo to send them money. So today it unveiled a new payments feature for Facebook Messenger that lets you connect your Visa or Mastercard debit card and tap a “$” button to send friends money on iOSAndroid, and desktop with zero fees. Facebook Messenger payments will roll out first in the U.S. over the coming months.

(more…)

Fintech news, Hotnews, Mobile payments/banking, Mobile-first banks, p2p-payments

March 18, 2015

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Bankjoy Is Building A Modern-Day Mobile Banking App For Use By Credit Unions And Smaller Banks

TECHCRUNCH: Thanks to startups like Simple, which was acquired by financial services organization BBVA last year, banking customers got a look at what a modern-day web and mobile banking experience looks like, with features like goal-setting tools, automated categorization of expenditures, real-time notifications of new charges pushed to your mobile phone, the ability to block a lost or stolen card right from the mobile app, and more. Now, a new startup called Bankjoy wants to bring a similar experience to other, smaller banks with a white-labelled product and accompanying API platform that’s initially being aimed at credit unions. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, news

March 16, 2015

Samsung Pay

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Battle For Mobile Payments: Guide to Digital Wallets

THE FINANCIAL BRAND: According to BI Intelligence, the consumer payments industry will process about $2.7 trillion of card-based payments in the US in 2015. This explains why there is a massive amount of mobile-centric innovation occurring in the payments space and why competition for the consumer’s wallet is so intense.

(more…)

Analytics, eWallets, Global trends, Mobile payments/banking, Mobile-first banks

March 10, 2015

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Apple Pay Now Accepted In Nearly 700K Locations

TECHCRUNCH: Apple CEO Tim Cook offered a quick update this morning on the rapid growth of Apple Pay. Apparently the company’s mobile payment technology is now supported by 2,500 card-issuing banks (up from only six when the product was announced in September), while the number of locations accepting Apple Pay has tripled to nearly 700,000.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 9, 2015

Fidor Eyeing Expansion to the US: What it Could Mean for Bitcoin

Fidor

DIGITAL CURRENCY MAGNATES: Fidor is not your ordinary bank. You can actually sign into your account through Facebook Connect. They have offered a savings account with an interest rate determined by the number of Like’s awarded on the company’s Facebook page. Customers can interact in the Fidor online community with each other and even support staff, should they have inquiries. They also offer P2P loans through crowdfunding and P2P betting. So it’s only natural that they’ll take a liking to P2P currencies. (more…)

Fintech news, Mobile-first banks

March 5, 2015

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Genius Who Built A Nuclear Fusion Reactor At 17 Takes On The Payments Industry

FAST COMPANY: Thiago Olson, a 25-year-old founder and CEO of payment company Stratos, is now the focus of attention of the American media because his company has released a plastic card that can replace all bank cards in your wallet. However, Olson is no stranger to media attention: he built a nuclear reactor in his house at age 17.
(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 4, 2015

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New Connected Credit Card Aims To Succeed Where Coin Failed

WIREDRemeber Coin, the credit card-sized gizmo that promised to streamline your wallet by consolidating all your other, actual credit cards? It raked in approximately a gazillion dollars in pre-orders when it debuted in November 2013, only to become another certified crowdfunding debacle, beset by delays and acrimony. Buyers were initially told it would ship summer 2014; the vast majority are still waiting. If nothing else, the saga proved that there is interest in a wallet-slimming wonder card. Now, those interested have another option to consider. Stratos is more or less the same concept as Coin, just with a slicker design and one other key advantage: Its creators claim it’s actually ready to ship. The question is whether or not it will be relevant once the payment world starts the shift to chip-enhanced cards this fall.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 3, 2015

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PayPal Buys Paydiant, The Mobile Wallet Behind CurrentC, To Raise Its Game v. Google + Apple

TECHCRUNCH:  PayPal, the payments service with 162 million users preparing to separate from e-commerce giant eBay later this year, is announcing an acquisition today to help build out its mobile business targeting physical merchants, and sharpen its focus in competition with other tech payment hopefuls like Apple and Google. It is buying Paydiant, a startup out of Boston that makes mobile wallet technology. That technology, in turn, powers payment apps for large business like Subway, Harris Teeter supermarkets, Capital One bank, and — perhaps most notably — MCX, a merchant-owned network that is developing a payment app called CurrentC.

(more…)

Deals, eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 2, 2015

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Apple Pay Coming To Europe ‘By The End Of The Year’

WIRED UK: Tim Cook has told an employee at Apple Store Kurfürstendamm in Berlin that Apple Pay will be in Europe by the end of the year, and that he wears his Apple Watch in the shower, according to a report in French by Igen.fr. (more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

February 26, 2015

BI

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The Payments Industry Explained: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem

Business Insider: The payments industry had a huge year in 2014 and it’s showing no sign of slowing down. On the one hand tech giants like Amazon and Apple released new products that affirmed their long-term payments ambitions (Apple Pay and Amazon Local Register). On the other hand startups such as Stripe and ShopKeep continued to carve out market share, challenging older players like PayPal and VeriFone. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, news

January 27, 2015