Tagged: banking

September 25, 2018 @ 1:07 pm By JD Alois  |  

UK challenger bank Tandem has added a new feature to its mainly digital banking platform. Tandem has introduced “intelligent auto-savings rules” to help users set aside their spare change to improve their savings habit.  According to Tandem, savings are swept from their existing current accounts,… Read More

September 24, 2018 @ 7:11 am By JD Alois  |  

UK based digital challenger bank Revolut is reporting 2017 numbers and according to the Fintech revenue has increased 5X from £2.4 million to £12.8 million as monthly transaction volume jumps from $200 million to $1.5 billion. Revolut also reported a loss for the year of… Read More

September 21, 2018 @ 7:42 am By Cali Haan  |  

Brazil’s antitrust body, the Administrative Council for Economic Defense (CADE)  has launched an investigation into whether or not Brazilian banks have been, “abusing market power to undermine the performance of crypto-currency brokers,” Reuters reports. The Brazilian Association of Cryptomoedas and Blockchain (ABCB) reportedly requested the investigation… Read More

September 19, 2018 @ 8:17 am By JD Alois  |  

Software as a Service (SaaS) banking software provider Mambu has announced the launch of “Mambu Process Orchestrator”(MPO). MPO is described as a natural extension of the Mambu core solution that is designed to support the “creation and operation of flexible and innovative banking architectures.” MPO… Read More

September 9, 2018 @ 3:13 pm By JD Alois  |  

Multiple reports have indicated that 29 firms have made the cutoff for the first batch of virtual banking licenses in Hong Kong. Announced in September 2017, the push for digital banks in Hong Kong was designed to “bring Hong Kong into a New Era of… Read More

September 7, 2018 @ 11:38 pm By Samantha Hurst  |  

Pan African banking group Ecobank announced on Friday the winners of the 2018 Ecobank Fintech Challenge. As previously reported, the Challenge’s contestants must be one of the following categories: Remittances Digital Sales/Marketing Offline mobile to mobile payments Digital Onboarding/ Account Opening/ KYC SME Intra-Africa Trade Platform Multi-Channel… Read More

September 4, 2018 @ 9:33 pm By Brian Dally  |  

The idea of banking has been around for thousands of years. Archaeologists traced its origins back to ancient Mesopotamia, where tablets show that individuals recorded lending transactions. Then, as civilization created value for items like grain, rare jewels and, eventually, coinage and cash, banking practices… Read More

September 4, 2018 @ 6:13 pm By JD Alois  |  

Varo Money, a digital only challenger bank, has received preliminary approval from the Office of the Comptroller of the Currency (OCC) for a national banking charter. This is a very big deal in the world of Fintech, as Varo may end up being the first… Read More

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