Tagged: mobile banking

BBVA USA Unveils Mobile Banking App; Expands Transaction Detail

BBVA USA announced earlier this week it has launched its new mobile banking app, Mobile 9.0, as well as expanded transaction details screen in mobile and online banking. According to BBVA USA, the two services “embrace” technology as the means to a better end for… Read More

Digital Banking Adoption Could lead to More Cyber Attacks and Security Issues, FBI Warns

The US Federal Bureau of Investigations (FBI) has warned that there could be an increase in financial crime due to the rise of digital banking. The warning is a reminder from the FBI that mobile banking providers and financial institutions must protect their clients from… Read More

Malaysian Government to Encourage Consumers to Use Digital Wallets via $176 Million Adoption Plan

Tan Sri Muhyiddin Yassin, the prime minister of Malaysia, has helped with introducing several different economic stimulus plans. The nation’s government aims to help local residents and businesses that may be struggling to cope with the COVID-19 outbreak and resulting socio-economic problems. Malaysia’s recovery plan,… Read More

HSBC Bank USA Introduces Apple Business Chat via LivePerson’s Cloud Platform to Enhance Digital Banking Experience

The global COVID-19 crisis has limited the ability of consumers to visit physical bank branch locations to take care of their banking needs or requirements. Customer service departments at banks have seen a dramatic increase in calls from clients who may have many questions and… Read More

Upgrade CEO Renaud Laplanche: Fintech is About Using Online or Mobile Devices to Streamline Access to Financial Services

  Last month, Upgrade, Inc., a Fintech providing consumers access to credit, was named a “Best Place to Work in the Bay Area” by the San Francisco Business Times and Silicon Valley Business Journal. Upgrade was founded by well known Fintech entrepreneur CEO Renaud Laplanche…. Read More

Private Identity Firm Incognia Introduces Location-based Behavioral Biometrics Solutions for Banks, Fintech Companies

Private identity solution provider, Incognia, has introduced a location-based behavioral biometrics software product that aims to reduce or eliminate the growing rates of mobile fraud. According to a press release shared with CI, Incognia’s anti-fraud software development kit (SDK) and APIs aim to improve standard… Read More

U.S. Banking App For Freelancers Lili Secures $10 Million Through Seed Funding Round

Lili, a U.S.-based mobile banking app specifically for freelancers, announced on Wednesday it secured 10 million through its seed funding round, which was led by Group 11 with participation from Foundation Capital, AltaIR Capital, Primary Venture Partners, and Torch Capital. Founded in 2018, Lili reported… Read More

Revolut Unveils New Version of Financial “Super” App

Digital bank Revolut announced on Wednesday the launch of its new financial app version. According to Revolut, the new version is the latest step in the fintech’s journey to becoming a financial super app. Revolut further explained that the app’s redesign has focused on creating… Read More

UK Fintech Longevity Card to Introduce Better Way to Manage Finances via a Healthtech App, and help People Lead a Long, High-Functioning Life

UK-based Longevity Card, a Fintech company that aims to introduce a new and better way to help users manage their finances while leading a healthy lifestyle via an easy-to-use app, recently revealed that it has received private investments from a Switzerland-based branch of Deep Knowledge… Read More

Mobile Banking: Malaysian Consumers Are More Comfortable with Online or Digital Banking Portals than US and Canadian Consumers, Survey Reveals

Global analytics software firm FICO reports that Malaysian consumers are more comfortable with using their mobile devices to open and manage bank accounts when compared to US and Canadian residents. FICO’s Consumer Digital Banking Survey reveals that 23% of Malaysians would rather open a bank… Read More

Southeast Asia’s Largest Lender, the Bank Central Asia, Reports 91% Annual Increase in Mobile Banking Transactions Following COVID-19

Bank Central Asia, or BCA, (PT Bank Central Asia Tbk), an Indonesian bank that overtook Singapore’s DBS Bank (in 2016) as Southeast Asia’s largest lender by value, with a market cap of about $24.5 billion, has reported a significant increase in its digital banking transactions… Read More

London Is at the “Forefront” of Supporting and Building the “Next Generation” of Fintech Leaders, According to nCino Executive

Ed Lane, VP of Sales for the EMEA region at nCino, a US-based cloud banking provider, has argued that the United Kingdom still leads the evolving global digital banking sector. Lane, who has previously served in senior management roles at Oracle and Salesforce, writes that… Read More

Brazil’s Largest Retailer Via Varejo Acquires Boston-based Fintech AirFox for Undisclosed Amount

Via Varejo, the largest retail company in Brazil, has confirmed that it will be acquiring AirFox, a US-based Fintech firm. The amount involved in the transaction has not been disclosed. AirFox will maintain its Boston head offices and will also operate as a Fintech “innovation… Read More

Nordea Joins Forces With Tink to Enable Multi-Banking For Mobile App Customers

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Friday it has joined forces with Nordic banking group Nordea to enable multiple banking for mobile app customers According to Tink, the integration will deliver a personalized financial overview for the… Read More

German Fintech Finleap’s Proprietary Platform, Finleap Connect, Introduces White Label Mobile Banking App for E-commerce Businesses

German Fintech Finleap‘s proprietary platform, Finleap Connect, has introduced a white-label mobile banking app that businesses can quickly launch with their own company name and  branding. Finleap’s virtual banking app allows users to maintain an all-digital account, which may be used to conduct e-commerce transactions… Read More

Philippine National Bank Aims to Offer Digital Banking and Contactless Payments Services to Prevent Further Spread of COVID-19

  Governments throughout the world have been asking people to stay at home, as the world struggles to cope with the highly contagious Coronavirus. Countries across the globe have enforced nationwide lockdowns in order to prevent the further spread of COVID-19. Many people are now… Read More

Starling Bank Announces Launch of Mobile Cheque Deposits

UK-based digital banking group Starling Bank announced on Monday the launch of its mobile cheque deposit services. Starling Bank reported that customers may now “capture” an image of the cheque and its mobile app will “read the details” to place the funds into the account…. Read More

National Bank of Oman Encourages Users to Perform Contactless Payments to Prevent Further Spread of Coronavirus

National Bank of Oman (NBO), one of the largest financial institutions in the country and its first local bank, aims to raise awareness regarding the importance of practicing safe banking during the coronavirus (COVID-19) outbreak. The NBO has taken several measures to ensure its clients… Read More

Digital Banks are Providing Improved Card and Money Management Features in Comparison to Old Banks: Report

Digital banks are establishing new financial industry standards when it comes to better usability, and are introducing handy features such as card management and personal money management. For digital bank users, this will come as no surprise. A recent study published by the consulting company… Read More

U.S. Mobile Banking App Empower Secures $20 Million Through Series A Funding Round

Empower, a U.S.-based mobile banking app, announced on Thursday it secured $20 million through its Series A funding round. Participants of the round included new investors Icon Ventures, Defy Ventures, and David Velez, Founder and CEO of Nubank, one of the most valuable financial technology startups… Read More

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