Tagged: banking

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

December 26, 2017 @ 9:13 am By Julien Courbe  |  

It would be nice if digital transformation were something that firms could buy, like Software-as-a-Service (SaaS). Unfortunately, there’s no one size fits all solution. What makes sense for one firm could be exactly wrong approach for another. But as we’re predicting that a lot of… Read More

December 20, 2017 @ 10:50 am By JD Alois  |  

Raisin, a unique financial marketplace that empowers savers to access the best interest rates across Europe, has received a strategic investment from global payments platform PayPal (NASDAQ:PYPL). This is an interesting development for Berlin based Raisin and a further validation of their disruptive service. Raisin… Read More

December 18, 2017 @ 5:19 pm By JD Alois  |  

FinTech Australia has provided a comment on the consultation paper published in August regarding authorising new entrants into the banking industry. The creation of digital challenger banks in Australia is a welcomed move but, according to FinTech Australia, needs some improvement. The discussion paper proposes… Read More

December 10, 2017 @ 3:30 pm By JD Alois  |  

On December 1st, the Royal Bank of Scotland (RBS) announced it would close 62 RBS branches and 197 NatWest branches. The shuttering of these bank branches is not unique to RBS and is indicative of the global Fintech revolution. This is not the first time… Read More

December 5, 2017 @ 9:31 am By JD Alois  |  

Starling Bank has been granted approval by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) to offer customers a wide array of financial products by the mobile-only bank.  Starling Bank received a license to operate as a bank by the Bank of England… Read More

December 5, 2017 @ 7:52 am By JD Alois  |  

Moneyou, is the digital brand of the Dutch mega bank ABN AMRO.  Berlin-based solarisBank, a digital only banking platform that has a full banking license, has just inked an agreement to integrate with Moneyou to provide instantaneous online lending for consumers. Moneyou’s German customers may… Read More

November 27, 2017 @ 5:59 am By JD Alois  |  

Chris Skinner, a Fintech industry commentator, author, speaker, and publisher of the Finanser blog, has invested in Meniga, a digital banking solutions. Skinner has been part of the Meniga Advisory Board since 2011. Based in London, Meniga works with some of the world’s largest financial… Read More

November 24, 2017 @ 7:49 pm By JD Alois  |  

Many people are still sorting through the various proposals announced by Chancellor of the Exchequer Philip Hammond during the Autumn Budget statement from the past week. Parsing through the nuances of the many policy pronouncements is an annual affair. So what is in the Budget… Read More

November 22, 2017 @ 6:15 pm By JD Alois  |  

Joseph Otting, a former banker and CEO of OneWest Bank, was approved by the Senate in a party line vote last week to take over the helm at the Office of the Comptroller of the Currency (OCC). As Comptroller, Otting will be stepping into an… Read More

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