Tagged: mobile banking

Apple Card Really Set the Standard for Other Payment Solutions from Tech Giants like Google, Samsung, Fintech Exec Says

Vaduvur Bharghavan, CEO and president of Fintech firm Ondot, a card app platform, has pointed out that the Apple Card was the first to set the expectation for what should be offered by an all-digital payment card. He added that the Apple Card really set… Read More

Mobile Banking App Offered by South Korea’s Shinhan Bank Now Uses Blockchain based Decentralized ID Authentication

Blockchain-based decentralized identity authentication services (DID) could potentially replace public certificates that are used for financial services, which may include those for mobile banking. This particular use case was recently commercialized for the very first time by South Korea’s Shinhan Bank. As mentioned in a… Read More

Global Digital Banking Market Continues to Grow Rapidly, as Associated Bank Shuts Down Many Physical Branches to Focus on Online Services

The global market for digital banking is expected to reach $22.3 billion within the next five years. It will be driven by the increasing number of Internet users who regularly use smartphones, mobile internet connections, and prefer to use platforms that offer convenient payment methods…. Read More

NatWest Announces Credit Scoring Enhancements

UK banking group NatWest recently announced it has enhanced credit scoring, in partnership with TransUnion. NatWest revealed it has integrated further data, using TransUnion’s Consumer Credit Platform, to its banking app, to help enable its customers to become more financially capable.  “Customers using the service… Read More

Digital Transformation in the Banking Sector Is Being Driven by Need to Reduce Operational Costs, Offer Better User Experience: Report

The global digital banking platform market is on track to reach $9 billion by 2026. It’s currently expanding at a compounded annual growth rate (CAGR) of 16% during the forecast period, according to a new report. According to a release that summarizes the findings of… Read More

Digital Onboarding Is Being Widely Adopted in Germany after BaFin Introduced Directive to Regulate the Process in 2014

Digital challengers such as neobanks and various other Fintech service providers are beginning to transform many traditional business activities through the digitalization of many different services that previously required laborious manual processes (like accounting). Customer or user experience (UX) has become a key differentiator when… Read More

Spanish Retail Bank CaixaBank Reveals More Than Two Million Customers Use Smartphones to Sign Online Transactions

CaixaBank, a retail banking group based in Spain, announced on Thursday now has more than two million customers who sign online, web, and mobile banking transactions on their smartphone, using the CaixaBank Sign application. CaixaBank reported that the figure has doubled compared to October 2019,… Read More

German Digital Bank N26 Aims to Offer Experience that Fits Modern Lifestyles, Celebrates 1 Year US Launch

Germany-based digital bank N26, which offers a mobile banking platform, is celebrating its one year anniversary in the US with almost 500,000 customers. As mentioned in a release shared with Crowdfund Insider: “Since announcing its public US launch in partnership with Axos Bank in August… Read More

Viva Wallet Brings Apple Pay to Customers

European fintech Viva Wallet announced on Tuesday it is bringing Apple Pay to its customers. The fintech reported that Apple Pay is a safe, secure, and private way to help customers avoid handing their cards to others as well as touching physical buttons or exchanging… Read More

Banking Challenger Current, which Serves US Consumers Overlooked by Incumbents, Introduces Points Rewards Program on Debit Card Purchases

Current, an established US-based banking challenger serving Americans “overlooked” by traditional banks, revealed on August 4, 2020, that it is launching a points rewards program for all its members. Current claims that it’s now the first US mobile bank to offer points rewards on purchases… Read More

Stuart Sopp, CEO at Digital Bank Current, Explains Why It’s Critical to Assist Low Wage Earners, Especially During COVID-19

Stuart Sopp, founder and CEO at digital bank Current, has previously noted that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. In June 2020, Sopp had confirmed that Current would remain focused on spending,… Read More

Digital Transformation: Indonesia’s Bank BRI Focused on Leveraging Open Banking to Streamline Operations of MSMEs During COVID-19

PT Bank Rakyat Indonesia Tbk (Bank BRI), one of Indonesia’s largest financial institutions, is reportedly integrating three core ecosystems (market, digital, village), in order to accelerate the digital transformation of the country’s micro, small and medium enterprises (MSMEs) sector. Bank BRI is a 70% government-owned… Read More

India’s YES Bank Launches WhatsApp Banking Services

India banking group Yes Bank announced on Friday the launch of WhatsApp banking services to empower customers and enable them to bank securely from the safety of their homes. Yes Bank revealed that customers may now check their savings account balance, view recent transactions &… Read More

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

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