Tagged: banking

September 2, 2018 @ 10:56 am By Xu Gao  |  

Xiaomi Intends to Set Up a Virtual Bank According to a report from HKEJ on August 20, the Fintech branch of Xiaomi Group – Insight Technology (Dongjian Keji)- is intending to apply for a Hong Kong virtual banking license, hoping to submit documents before the end… Read More

August 24, 2018 @ 4:23 pm By Cali Haan  |  

Thailand’s central bank, the Bank of Thailand (BOT), has announced it is trialing a version of R3’s distributed ledger system, Corda, as a means of making wholesale funds transfers more efficient. R3’s distributed ledger will also be used by the BOT to issue a wholesale Central… Read More

August 22, 2018 @ 4:01 pm By JD Alois  |  

In a creative use of the English language, Berlin based digital challenger bank N26 is out with a promotional campaign that is rather blunt. As depicted below in a Tweet courtesy of @Skollma, N26 goes straight to the point and says F¥€K Fees. #nobullshit. The marketing… Read More

August 22, 2018 @ 8:51 am By JD Alois  |  

Revolut has announced the official launch of a new product. Revolut “Metal card” enables users to receive cash back in either cryptocurrency or fiat at a 1% rate outside Europe and 0.1% on transactions made in Europe. Revolut previously incorporated cryptocurrency options on their banking… Read More

August 21, 2018 @ 2:32 pm By JD Alois  |  

Digital bank Varo Money has hired Thibault Fulconis as Chief Financial Officer (CFO). Varo shares that Fulconis has extensive experience and was previously part of the executive team of Bank of the West and its holding company BancWest. Fulconis will oversee all financial, treasury, regulatory… Read More

August 21, 2018 @ 2:11 pm By JD Alois  |  

For the past few days, Revolut – a digital only challenger bank that has achieved unicorn status, has been teasing out a new announcement with a Twitter countdown. By tomorrow we will know more. Revolut has already revealed it is prepping the launch of a… Read More

August 18, 2018 @ 11:44 am By JD Alois  |  

When it comes to crypto / blockchain announcements, tiny Liechtenstein is on a roll this week. Following the announcement of a new, regulated cryptocurrency exchange, Union Bank AG has announced it will issue its very own security tokens. This will be a first ever for… Read More

August 16, 2018 @ 2:00 pm By Samantha Hurst  |  

Digital challenger bank Starling Bank announced on Thursday the launch of its first personal products. This news comes just after Starling Bank launched its Banking-as-a-Platform APIs to allow businesses to offer their own unique retail banking payments services, including card issuing as an API. According… Read More

August 15, 2018 @ 1:35 pm By JD Alois  |  

At the beginning of July, a new blockchain startup in Malta was announced. Malta, being one of the most crypto friendly countries around, has become host to multiple exchanges and blockchain startups. In an industry not known for being humble, Palladium was revealed as the… Read More

August 13, 2018 @ 8:44 am By JD Alois  |  

Fintech software provider Temenos (SIX: TEMN) has partnered with The Venture lab at The American University in Cairo (AUC Venture Lab) a prominent startup accelerator in Africa and the MENA region. Temenos will support Fintech innovation in Egypt by providing startups with access to their core… Read More

August 11, 2018 @ 12:39 pm By JD Alois  |  

Deloitte Germany has published research on the crowdfunding sector and when it comes to comparing new forms of online capital formation and old banks – banks win. That is, at least in the eyes of the Deloitte research. Deloitte states that when it comes to… Read More

August 9, 2018 @ 12:00 pm By Samantha Hurst  |  

Russian banking firm Sberbank announced on Thursday it is set to invest RUB 27 million in six start-ups, created by employees through its in-house accelerator program, Sber#Up. According to Sberbank, Sber#Up in-house accelerator is a program that offers all the banking group’s employees support to create their… Read More

August 8, 2018 @ 9:49 am By Samantha Hurst  |  

Pan African banking group Ecobank announced on Wednesday the finalists for of the Ecobank Fintech Challenge 2018, a competition for Africa-focused technology start-ups. The bank confirmed the list includes 11 fintech start-ups from across the continent and beyond. As previously reported, the Challenge’s contestants must be one… Read More

August 3, 2018 @ 11:17 am By JD Alois  |  

Zopa has raised additional money in a new funding round. The peer to peer lending announced a raise of £44 million to help pay for its expansion and push into new services. Zopa will use the latest round of investment towards the capital needs for the… Read More

August 2, 2018 @ 12:00 pm By Samantha Hurst  |  

Novae, a U.S.-based fintech and insurtech firm, announced on Thursday the launch of Novaeplatform, which is described as a user-centric, universal, cross-border, all-digital, white label loyalty platform for banks that enables consumers and merchants to redeem points from any device using any type of payment… Read More

July 26, 2018 @ 2:43 pm By JD Alois  |  

This week S&P Global published the Global Banks Midyear report for 2018. While credit conditions remain relatively good, the trade dispute, largely with China, is causing concern. Beyond the overall good economic environment there is a pressing issue when it comes to traditional banks. The… Read More

July 21, 2018 @ 2:14 pm By JD Alois  |  

The emergence of cryptocurrency and initial coin offerings has helped to bring Switzerland back into the lime light when it comes to financial services. Once a noted haven for “numbered” bank accounts and strict anonymity rules, the Swiss banking industry has dimmed in recent years… Read More

July 17, 2018 @ 8:52 am By Samantha Hurst  |  

On Tuesday, Hungarian commercial bank MKB Bank announced implemented Oracle FLEXCUBE to become fully digital. According to MKB Bank, the core banking solution has been adopted by more than 600 financial institutions around the world, as part of a broader restructuring project to streamline its… Read More

July 16, 2018 @ 10:30 pm By JD Alois  |  

Banking software providor Temenos (SIX: TEMN), was recently recognized by analyst firm Gartner, for its service for the 9th year in a row. Temenos was acknowledged  in the June 2018 report “Magic Quadrant for Global Retail Core Banking” (GRCB) – a document that assesses vendors based… Read More

July 10, 2018 @ 12:50 pm By Cali Haan  |  

The general unwillingness of banks to provide services to cryptocurrency firms is a well-known dirty secret in the Toronto start up scene. Any use of the word ‘bit’ in a business plan will have you politely shown the door by an account manager, even at… Read More