Tagged: banking

November 10, 2017 @ 10:26 am By Samantha Hurst  |  

Banking giant Citi today announced on Thursday the new functionality for the Citi Mobile App for Android, offering access to banking and wealth management capabilities with a user-friendly design. Citi FinTech developed the new mobile features for Android following last year’s launch for iPhone. The… Read More

November 9, 2017 @ 9:32 am By Samantha Hurst  |  

Morgan Stanley Wealth Management announced on Thursday the launch of its new person-to-person payments service called Morgan Stanley Send Money with Zelle.  According to Morgan Stanley, the service enables its clients to send money and receive money from almost anyone with a U.S. bank account using the… Read More

November 3, 2017 @ 11:53 am By Samantha Hurst  |  

UK-based next-generation banking platform Cashaa announced on Thursday it has formed a partnership with Agrello to support a series of decentralized global financial products. Cashaa stated that Agrello provides smart contract agreements, which enables to the platform to expand its range of financial services. Products… Read More

November 2, 2017 @ 11:11 am By Samantha Hurst  |  

Banking giant Wells Fargo announced on Thursday the launch of its new banking app, Greenhouse. The company described the app as a new mobile banking experience that provides tools to help consumers manage their money and know where they stand financially.  According to Wells Fargo, consumers… Read More

October 31, 2017 @ 12:56 pm By Samantha Hurst  |  

Enterprise software firm R3 announced on Tuesday it and 22 of its member banks have developed a solution that leverages distributed ledger technology (DLT) to enable fast, efficient and cost-effective cross-border payments. R3 revealed that the Corda platform was built to facilitate the full payments… Read More

October 29, 2017 @ 9:32 pm By JD Alois  |  

McKinsey recently published a report on the global banking industry. While stating the financial recovery has helped old finance regain their footing the future is not quite so clear. According to the authors; “New digital entrants are also having an impact on bank performance, particularly… Read More

October 27, 2017 @ 11:01 am By Samantha Hurst  |  

UK-based fintech startup Zazu has successfully secured its initial £150,000 funding target during its crowdfunding campaign on Seedrs. The initiative was launched earlier this month, seeking the funds for the company’s new digital-only bank in Africa. As previously reported, Zazu, which was founded in 2015, was launched through… Read More

October 24, 2017 @ 2:16 pm By Samantha Hurst  |  

Just a couple months after rolling out its current account preview on its Android mobile app, challenger bank Monzo announced its customers can now use Android Pay for their accounts. It was revealed on Tuesday: “If you have a Monzo current account, you can now… Read More

October 24, 2017 @ 9:59 am By JD Alois  |  

Independent Community Bankers of America (ICBA) has released a comment refernencing a speech by FDIC Chairman Martin Gruenberg on the importance of small banks and the regulatory burden. The ICBA says excessive regulations is forcing the reduction of community banks – a truism that has… Read More

October 19, 2017 @ 2:33 pm By Samantha Hurst  |  

On Thursday, Visa (NYSE: V) announced it has formed a strategic partnership with fintech firm Billtrust to help streamline the reconciliation of B2B payments and increase automation of virtual card payments for financial institutions and their corporate customers. According to the credit card giant, this effort… Read More

October 13, 2017 @ 10:43 am By Samantha Hurst  |  

UK-based fintech startup Zazu has launched an equity crowdfunding campaign on Seedrs to raise £150,000 as it prepares to launch its new digital-only bank in Africa. Founded in 2015, Zazu states it was born from Ignite Accelerator as an e-commerce platform for farmers and is now… Read More

September 27, 2017 @ 3:00 am By JD Alois  |  

Digital only challenger bank Revolut will now enable users to insure their mobile phone for as little as £1.00 per week as the Fintech firm launches the first phase of its insurance offering. The key term here is first phase, of course, as Revolut’s push… Read More

September 22, 2017 @ 1:00 pm By Samantha Hurst  |  

UK-based digital-bank startup Starling Bank has announced it plans to raise £40 million from investors as part of its global expansion. Starling Bank describes itself as a fintech business with a banking license, fully regulated by the FCA and PRA. We were granted a banking license… Read More

September 13, 2017 @ 10:01 am By JD Alois  |  

Rabobank, a Dutch multinational banking and financial services company, has inked a partnership with digital performance management company, Dynatrace. The new relationship allows Dynatrace to monitor in real-time the experience of every single Rabobank customer and employee. The intent is to optimize the user experience… Read More

September 7, 2017 @ 9:33 am By Samantha Hurst  |  

On Thursday, Money Rates announced its bi-annual checking account fee survey, which revealed that consumers are getting a rare break from checking account fees. According to Money Rates, the survey found that since the previous survey six months ago, service fees dropped and, the percentage… Read More

August 28, 2017 @ 3:21 pm By JD Alois  |  

Congresswoman Maxine Waters, the ranking Democrat on the powerful House Financial Services Committee, published a letter last week directed toward thes Chairman of the Federal Deposit Insurance Corporation (FDIC). Representative Waters asked the Chairman to hold at least one public hearing on the application by… Read More

August 24, 2017 @ 10:52 am By JD Alois  |  

The Future of Banking is Blockchain and Hero Wants to be the One Hero, part of the PawnHero online lending platform, is preparing an Initial Coin Offering (ICO). You may read the white paper in English here.  PawnHero is an already successful secured lending platform… Read More

August 9, 2017 @ 3:07 pm By Samantha Hurst  |  

Railsbank, a fintech startup that was co-founded by Currencycloud co-founder Nigel Verdon, has secured $1.2 million during its latest funding round, which was led by seed investment firm Firestartr, with participation from Kima Ventures and industry angels Peter Jackson (CEO WorldPay UK), Tim Levene (Betfair, Augmentum… Read More

August 9, 2017 @ 11:48 am By Samantha Hurst  |  

Less than one month after announcing it was rolling out current accounts, challenger bank Monzo announced its current account preview is now available on its Android mobile app. The company revealed: “Three weeks ago today, we announced the beginning of the Monzo Current Account Preview, with… Read More

July 25, 2017 @ 8:20 am By JD Alois  |  

Banco BNI Europa, a digital challenger bank based in Portugal, has announced it has reached profitability in the first half of 2017, its third year in operation. Banco BNI Europa said its total assets grew 36.7% reaching almost €500 million in June this year. Total… Read More