Tagged: banking

July 10, 2018 @ 9:18 am By Samantha Hurst  |  

Standard Chartered Bank announced on Monday as part of its continued efforts to lead the way in the global fight against financial crime, and through its use of regtech, it has partnered with Silent Eight to deliver capabilities to its Financial Crime Compliance (FCC) teams…. Read More

July 5, 2018 @ 10:00 am By Samantha Hurst  |  

Russian banking firm Sberbank announced on Thursday that it and Google have provided online shops and their clients a new tool for paying for online purchases – Google Pay. Sberbank claims it is the first bank in Russia to support online payment of goods and services… Read More

July 2, 2018 @ 10:56 am By Samantha Hurst  |  

Peer-to-peer lending platform Zopa announced on Monday its 2017 profit after tax of £1.5 million for its online lending business. According to the Fintech, 2017 was a year of strong and sustainable growth, with the year’s revenue being £46.5 million – an increase of 40%… Read More

June 25, 2018 @ 7:01 am By JD Alois  |  

Fintechs Banco BNI Europa and Raisin have furthered the collaboration between the two firms. Banco BNI Europe says it has entered into a cooperation to allow Portuguese savers to gain access to the best savings rates available from across Europe. BNI Europa Executive Chairman Pedro… Read More

June 25, 2018 @ 4:44 am By JD Alois  |  

Digital bank Starling Bank has launched a new feature to streamline the process of creating joint accounts without ever having to visit a UK bank branch.  The mobile application process uses Google Nearby tech to enable Starling users to securely apply for a joint account in just… Read More

June 22, 2018 @ 6:47 pm By JD Alois  |  

Revolut, a digital only bank that says it is signing up over 120 businesses per day, has launched a new services for their business customers – Revolut Connect. This new feature is described as an “App store” for businesses to help provide easier access to… Read More

June 22, 2018 @ 6:18 pm By Lowell Putnam  |  

Warby Parker, Casper, Bonobos, Allbirds, and Glossierare some examples of an ever-growing list of consumer brands that have significantly disrupted the retail industry, largely without appearing in brick-and-mortar stores. These brands have found success using a direct-to-consumer model, meaning that they sell and market directly to consumers via technology… Read More

June 21, 2018 @ 7:34 am By JD Alois  |  

Marketplace lending platform Linked Finance has secured a commitment from Portugal’s Banco BNI Europa, who will provide up to €50 million over a 2-year period, to lend to Irish SMEs. Niall Dorrian, CEO of Linked Finance, called the decision by Banco BNI Europa to deploy… Read More

June 20, 2018 @ 11:11 pm By JD Alois  |  

It is a truism that we need bank like services but we really don’t need banks. The portfolio of services offered by a traditional analog bank sometimes feel cobbled together. Difficult to manage and expensive to use. Current accounts is an excellent example. For some… Read More

June 20, 2018 @ 1:41 pm By JD Alois  |  

Earlier this week, Revolut tweeted out that something “huge” is coming to the Revolut App. The digital bank already enables cryptocurrency trading, so what could it be? Speculation is that since it has to do with paying with your phone – it must be Apple… Read More

June 19, 2018 @ 6:35 am By JD Alois  |  

Digital bank Penta has launched a new feature entitled “Team Access,” where founders and co-workers may better manage expenses. Services similar to this are frequently found in large enterprise software programs or may be leveraged as a separate service. Penta is seeking to differentiate itself… Read More

June 14, 2018 @ 8:55 am By JD Alois  |  

A report by Beauhurst is revealing that challenger bank Redwood has raised £9.8 million as the UK digital banking market heats up. Redwood is the newest addition to the future of banking joining peers, Monzo, Starling, Revolut and more. These are the names that may… Read More

June 13, 2018 @ 3:37 pm By Cali Haan  |  

Consulting firm and provider of market intelligence Greenwich Associates released a report yesterday stating that financial firms doubled blockchain staff and increased blockchain budgets 67% last year, but only 14% of 200 financial institutions polled, “claim to have successfully deployed a production blockchain solution.” Interviews… Read More

June 13, 2018 @ 9:34 am By JD Alois  |  

There is an element of irony that Switzerland is one of the most cryptocurrency focused and forward thinking countries in the world, yet it remains a challenge for blockchain based companies to establish a bank account in the Alpine nation. This week, that changed as Hypothekarbank… Read More

June 5, 2018 @ 12:14 pm By Samantha Hurst  |  

Kony, Inc., an enterprise mobility and digital applications company, announced on Tuesday the launch of its new digital banking solution, Kony DBX. This launch of the solution comes just a little over six months after the expansion of Kony’s digital banking marketplace. According to Kony, the Kony DBX… Read More

June 1, 2018 @ 1:00 pm By Samantha Hurst  |  

Chime, a U.S.-based app-only bank, recently announced it has surpassed one million bank accounts. Founded in 2013, Chime is on a mission to help its members lead healthier financial lives. The company’s service is described to help customers avoid feeds, save money automatically, and improve their… Read More

May 29, 2018 @ 12:41 pm By Cali Haan  |  

In many parts of the Philippines, you’re more likely to encounter a remittance house like Western Union than a bank branch. Cash arrives from abroad, but the access to business loans and mortgages needed to build a self-sustaining economic base are hard to come by…. Read More

May 28, 2018 @ 8:52 pm By Samantha Hurst  |  

Last week, fintech firm Crédit Mutuel announced the extension of its partnership with IBM (NYSE: IBM) to devise new ways of working to better serve the bank’s 12 million customers. Crédit Mutuel reported it has selected IBM Cloud, Watson and advanced cybersecurity technologies to fundamentally change… Read More

May 24, 2018 @ 9:59 am By Samantha Hurst  |  

On Thursday, banking software Temenos announced the launch of Temenos Origination, which is described as a component-based platform that enables banks to onboard customers and originates products across all segments, channels and devices, offering bank customers a frictionless and contextualized digital experience.  According to Temenos,… Read More

May 24, 2018 @ 9:35 am By Samantha Hurst  |  

Sberbank announced on Thursday it has extended more than ₽535 billion in loans to SMEs since the start of 2018. The bank reported that over the first four months of 2018, lending to SMEs increased by 74.4% vs. the same period in 2017. “Sberbank has… Read More