By Matthew Hughes for The Next Web
Over the past few years, a seismic shift has taken place in the world of retail banking. Traditional banks are now facing stiff competition from smartphone-only upstarts. (more…)
By Sofia for LTP
One of the core differences between the FinTech world and traditional financial institutions lies in the underlying technology and the level of freedom to build it. Unlike traditional banks, FinTech startups are free from legacy systems and operate mostly in the area of law that allows them to be relatively free. Hence, they can build their services on experimental algorithms and pivot them as they please to find the best solution. (more…)
By Ismat Sarah Mangla for Quartz
Would you pay a 23% fee to access your own money? That’s how much, on average, Americans are forking over when they withdraw $20 from an ATM that doesn’t belong to their bank. (more…)
By Meghna Rao for TechInAsia
Across the street from Paytm’s office in Noida is a man selling chai. The company’s signature blue and white sticker is pasted on the back wall of his store. I scan the accompanying QR code and transfer INR20 (US$0.30) from my wallet into his for a steaming hot cup. (more…)
By Penny Crosman for American Banker
JPMorgan Chase has hired Alex Sion, co-founder of the mobile-only neobank Moven, to lead its mobile apps. The move is an example of how banks are looking to fintech entrepreneurs to bring innovation in, and it illustrates the emphasis and importance banks are putting on their mobile channels. It’s also the latest round of musical chairs for big banks’ digital channel executives. (more…)
应用编程界面 (API) 是数十年来软件 开发的一个关键部分，用来为某指定 平台，如 Microsoft Windows 进行 开发。 更近以来，从 Salesforce 到 Facebook 和 Google 的新型平台提 供商提供的 API 帮助开发者和，实 际上，创造了开发者对这些平台的依 赖。 现在，一种新的第三方 API 正在 提供能力解脱开发者锁定任何特别的 平台和允许他们更有效地把应用 推向 市场。 结果，开发者可以专注于他们 自己的独特功能并围绕之其它专业人 士开发的全功能、分发的流程，他们 通过 API 对其访问。 开发者意识到， 他们需要建入应用里的许多功能对于 许多其它公司辛勤劳作的东西来说是 冗余的。 他们学会不花费宝贵的资源 在别人已经做好的事情上，而是依靠 更大平台的 API。 另一个优势是第三 方的 API 常常明显更好。 它们工作 更好，比内置的 API 提供更多的灵活 性。 最后，第三方 API 开发者有更多 容量和存取创造网络效果的更大的数 据集。
Vernon Hill, 71, launched Metro Bank in the UK after becoming a billionaire by launching Commerce Bank in the US.
Metro has 41 branches and holds £5.9bn of customers’ savings. (more…)
By Arjun Kharpal for CNBC
British “challenger” bank Tandem is to kick off a £1 million ($1.46 million) crowdfunding drive in a bid to get more people involved in the start-up’s upcoming launch and attract customers. (more…)
By Tim Wallace for the Telegraph
By Brian Yurcan for the American Banker journal
So, do millennials hate banks or do they love them?
By Ingrid Lunden for techcrunch
Spanish banking giant BBVA has made another M&A play as it looks for a bigger role in the next generation of financial services: today the company has announced the acquisition ofHolvi, an online-only bank for entrepreneurs and SMBs based out of Finland. (“Holvi” means “vault” in Finnish.) (more…)
By Paul Sawers for VentureBeat
Two European fintech startups are teaming up to give a glimpse of what the bank of tomorrow could look like. (more…)
By Sofia in LetsTalkPayments.com (more…)
By Rachel Boon for StraitsTimes,
SINGAPORE -Personal finance portal MoneySmart.sg will offer an OCBC Bank home loan for a limited period. (more…)
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…)
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.
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.
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…)
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…)