Tagged: mobile banking

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

Xinja Bank “Pauses” Opening of New Stash Savings Account to Maintain Current Rate for Existing Customers

Xinja Bank, an Australia-based neobank, announced on Thursday it is hitting the “pause” button of opening new Stash Savings Accounts in order to maintain current rates for existing customers. Xinja reported that Stash is a savings account linked to your Bank Account (transaction account) designed… Read More

Norway’s Largest Bank, DNB, to Enable Account-to-Account Payments From Any Bank Supported by Its Mobile Banking App

Norway-based DNB, the European nation’s largest bank, is reportedly expanding its account aggregation tool. The bank will be adding the option of making account-to-account payments from any bank supported by its mobile banking app. DNB first launched its account aggregation tool in October 2019 using… Read More

U.S. Money Transfer Service Remitly Launches New Mobile Banking Service Designed For Immigrant Communities

Remitly, a U.S.-based online money transfer service, announced on Monday it has launched a new mobile banking service called Passbook by Remitly specifically for the immigrant community. According to Remitly, the service offers an app-based account that charges no monthly fees, ATM fees, overdraft charges or… Read More

Update: Baanx Set to Close Seedrs Funding Round With Nearly £650,000 Raised

Baanx, a mobile digital banking app, payments engine, and cryptocurrency platform, is set to close its equity crowdfunding campaign on Seedrs with nearly £650,000 secured. The campaign, which has attracted more than 500 Seedrs investors, launched last month with a mission to raise £600,000. As… Read More

Monese Milestone: Signs Up Two Million Customers

Digital banking group Monese announced on Wednesday two million customers have officially signed up for its services. Monese reported that in 2019, customer growth tripled with more than 9,000 users now joining its platform every day. At this current growth rate, Monese is on track… Read More

Icici Bank Launches Cardless Cash Withdrawal Through ATM Using iMobile Service

India-based banking group Icici Bank announced on the launch of its Cardless Cash Withdrawal feature from ATMs. The bank reported this service enables customers to withdraw cash from more than 15,000 ATMs of the bank by simply raising a request on iMobile, Icici Bank’s mobile… Read More

Goldman Sachs Launches Mobile App For Digital Bank Marcus

Goldman Sachs (NYSE: GS) has launched a mobile app for its digital banking service, Marcus.  The fact that such a prominent entrant into the digital bank sector has existed minus an App has long been a shortcoming of the Fintech. Goldman Sachs spokeswoman, Kristen Greco,… Read More

BankMobile Continues Work on Digital Banking Platform Enhancements For 2020

BankMobile, a no-fee, mobile, online and tablet bank, announced on Tuesday it is launching more enhancements to its digital banking platform. BankMobile reported that it will offer a two-day paycheck advance, savings account with a rate that is equal or higher than that is offered… Read More

Overfunding: B2B2C Mobile Banking Platform Baanx Surpasses £600,000 Funding Target on Seedrs

Baanx, a mobile digital banking app, payments engine, and cryptocurrency platform, has successfully secured its initial £600,000 equity crowdfunding target on Seedrs. The funding round was launched last month and has so far attracted nearly 350 Seedrs investors. As previously reported, Baanx was founded in… Read More

Mobile Banking Platform Baanx Now Seeking £600,000 in Funding Through Seedrs Equity Crowdfunding Round

Baanx, a mobile digital banking app, payments engine, and cryptocurrency platform, has launched an equity crowdfunding campaign on Seedrs to raise £600,000 in funding. Launched in 2018, the company reported that it is looking for real change in the Digital Banking and Cryptocurrency sector. “In short,… Read More

Mobile-based Banking Services Provider Orange Bank Launches in Spain

Following its successful launch in France, Orange Bank is further expanding its global operations with the introduction of a new branch in Spain. The financial institution aims to solidify its multi-service, diversification strategy by providing new mobile-based banking services. Launched on November 25, 2015 in… Read More

Bahrain’s Bank ABC Launches “ila” Bank, as Institution Prepares to Enter Digital, Mobile-Only Banking

Bank ABC revealed on November 24 that it has introduced “ila” Bank, as the institution prepares to enter the digital, mobile-only banking sector, beginning with the Middle Eastern country of Bahrain. The initiative’s roadmap involves promoting the new platform across the Middle East and North… Read More

Mobile-based Credit Card Provider Tymit Raises £4 Million via Debt and Equity Financing

Tymit, a London-headquartered mobile-based credit card service provider, has raised £4 million (appr. $5.2 million) via a combination of debt and equity financing, in order to create its products. The company has not disclosed any details regarding its investors. Tymit’s official website notes: “A credit… Read More

Monese Founder Norris Koppel Receives “Rising Star” Award At EY’s Entrepreneur of the Year Ceremony

Norris Koppel, founder and CEO at Monese, a mobile banking service for people who travel frequently, received the “Rising Star” award at Ernst & Young’s (EY) Entrepreneur of the Year Ceremony. Koppel has been recognized for his pioneering work in banking. Introduced 20 years ago,… Read More

Royal Bank of Canada Announces New Mobile Banking Enhancements for Small Business Owners

Global financial institution, Royal Bank of Canada (RBC), announced on Tuesday it has rolled out mobile enhancements specifically for small business owners. According to RBC, the enhancements will help business owners receive financial insights and allow them to manage their business financials. While sharing more… Read More

KBC Announces Integration With PayPal For Mobile Banking

KBC, a Belgium-based financial solution, announced last week it has integrated with PayPal. KBC reported that its customers may now consult their PayPal through KBC Mobile. “KBC played a pioneering role in the implementation of PSD2 and, in March 2018, was the first bank in Belgium… Read More

T-Mobile Introduces No-Fee, Interesting Earning, Mobile-First Checking Account

T-Mobile (NASDAQ: TMUS) recently announced the launch of its new T-Mobile MONEY, which is a no-fee, interest-earning, mobile-first checking account that anyone can open and manage right from their smartphone. T-Mobile reported that with T-Mobile MONEY eligible Un-carrier customers can earn an industry-leading 4.00% Annual… Read More

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