Tagged: banking

April 12, 2018 @ 2:00 am By JD Alois  |  

Cash is king no more. Today’s society is all about mobility and the digitization of all forms of finance. How consumers spend and manage their money has changed dramatically in recent years and that pace of change is accelerating. Revolut is a new breed of… Read More

April 4, 2018 @ 8:41 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced on Wednesday it is set to close its Prepaid Beta, which was launched in March 2016 to make sure the bank was “building something” that consumers actually needed. While sharing details about its growth since the Beta’s launch, Monzo stated:… Read More

March 29, 2018 @ 6:05 pm By Georgia Quinn  |  

This past week, I had the chance to attend a Fintech focused event put on by the Consulate of France in Manhattan and, honestly, I came away very impressed. For too many years, France did not have much of a reputation in the startup world…. Read More

March 27, 2018 @ 4:13 pm By Samantha Hurst  |  

Ally Financial Inc. (NYSE: ALLY), a Michigan-based digital financial services company, is set to open a new innovation hub in the Camp North End, which is located in Charlotte, North Carolina. The company describes itself as an award-winning online bank and one of the largest full-service… Read More

March 26, 2018 @ 8:55 am By JD Alois  |  

Penta, a Berlin-based Fintech, has announced a new feature to digitize company formation in Germany. Penta has launched “Compass” a platform that enables businesses to incorporate, create a share structure and open a bank account in less than 24 hours unlike the weeks long process… Read More

March 25, 2018 @ 10:04 am By JD Alois  |  

Aspiring “crypto-bank” Crypterium says it will see its token trade on the HitBTC exchange beginning March 26th. The CRPT coins are already trading on EtherDelta but this may not be an official agreement between the company and exchange. Crypterium has stated: “Do not rely on P2P… Read More

March 22, 2018 @ 7:49 am By JD Alois  |  

Digital challenger bank Revolut will now allow customers to setup and pay online with disposable virtual cards.  According to Revolut, after each transaction, existing card details will be destroyed and new  card details automatically generated. Revolut is offering the new service in a unique way… Read More

March 21, 2018 @ 2:20 pm By JD Alois  |  

Crypterium, the “crypto bank for everyone”, has hired James Davies as their Chief Financial Officer (CFO). Davies will oversee the payment partner and exchange integration and the all of the company’s finance functions. Crypterium launched an initial coin offering (ICO) last October for a crowdsale… Read More

March 15, 2018 @ 3:00 am By JD Alois  |  

Digital challenger bank Revolut has announced EUR Direct Debits or European customers thus facilitating direct debits for automated payments. The traditional bank alternative now facilitates easy monthly payments such as  phone bills, utilities and other regular services. Revolut points out they already allow European customers… Read More

March 8, 2018 @ 8:50 am By Samantha Hurst  |  

BABB (Bank Account Based Blockchain), an FCA authorized payment institution headquartered in the Level39 fintech accelerator in Canary Wharf, announced on Wednesday it successfully raised its targeted $20 million in a sold-out initial coin offering (ICO) and is now set to open its first regulated blockchain-based bank accounts before… Read More

February 14, 2018 @ 1:55 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Wednesday it has launched its Pulse feature on Android smartphones. Pulse notably allows users to see how much money they have in their Monzo account, and their balance for the month so far. The Monzo team revealed: “More than 40%… Read More

February 13, 2018 @ 2:53 pm By Samantha Hurst  |  

Radius Bank, a full-service bank serving consumers through its virtual platform, announced on Tuesday it has teamed up with New York fintech Mantl to launch its new digital account opening. According to Radius, through the platform consumers will now have a frictionless account opening experience… Read More

February 10, 2018 @ 8:26 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has released a revised “Guideline on Authorization of Virtual Banks” as part of a public consultation. Hong Kong, initially slow to embrace the Fintech revolution, has since increased their innovative velocity in financial services. The HKMA welcomes digital challenger… Read More

February 8, 2018 @ 10:04 pm By Luvleen Sidhu  |  

Banking is and has been overdue for a makeover. For the most part, the majority of the banking industry is still antiquated but thanks to technological advances in the last couple of years, this is starting to change. I remember not so long ago standing in… Read More

January 29, 2018 @ 7:50 am By JD Alois  |  

R3, a bespoke distributed ledger technology (DLT) provider that is working with over 100 financial institutions,  has formed a partnership with Evernym to apply self-sovereign identity to financial services. R3 seeks to create a standardized financial service focused DLT. R3 was the genesis of frustration amongst banks… Read More

January 22, 2018 @ 2:49 pm By JD Alois  |  

Global money transfer site Transferwise is quickly becoming a bank. The cool thing about Transferwise is they are providing bank like services minus the silly fees that currently pollute traditional banking services. That’s huge. As previously announced, Transferwise is rolling out their glowing green debit… Read More

January 22, 2018 @ 9:05 am By Samantha Hurst  |  

Just days after receiving its Financial Conduct Authority (FCA) approval, Emma Technologies announced it has integrated with challenger bank Monzo. Emma is currently building the banking app for millennials (iOS and Android), which is described as a mobile-only solution that helps consumers avoid overdrafts, find and… Read More

January 10, 2018 @ 7:01 pm By JD Alois  |  

  BABB, a banking platform based on Blockchain based in London, is launching its initial coin offering (ICO) on January 15th with a pre-sale. The general token sale of BAX will commence immediately following the pre-sale seeking to raise a hard cap of USD $20… Read More

January 8, 2018 @ 2:53 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has posted a warning regarding an entity calling itself Bluegate Industrial Bank USA, N.A.. The OCC said the firm claims to be an online financial institution offering regular banking products as well as loan services. Apparently… Read More

January 5, 2018 @ 3:00 pm By Samantha Hurst  |  

This week UK digital challenger bank Monzo announced it was introducing a 3% charge on cash withdrawals made for international ATMs, after a free 30-day allowance £200. Most debit card issuers charge a fee for off network cash withdrawals but some do not, depending on the country…. Read More