Tagged: online banking

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

Citi Selected as “World’s Best Digital Bank” for 18th Consecutive Year by Global Finance Magazine

New York-based Citigroup Inc.,  (NYSE:C)an American multinational investment bank and financial services corporation, has been named the “World’s Best Digital Bank” by Global Finance Magazine. Notably, this is the 18th consecutive year that Citi has been ranked as the best digital bank worldwide by the… Read More

Bank of Georgia Introduces AI-Enhanced Retail Banking Platform, mBank, to Provide Improved Digital Banking Experience

The Bank of Georgia has introduced an artificial intelligence (AI)-enhanced retail banking platform, called mBank, in order to offer its clients an improved, innovative, and personalized online banking experience. mBank is a newly developed “smart’ personal finance management (PFM) software platform. It has been created… Read More

BBVA Introduces End-to-End Digital Onboarding for the Bank’s Business Clients

Over 650,000 companies can register to become BBVA Spain customers, via an online process that reportedly takes a few minutes to complete.  BBVA has been offering various online enrollment options for private clients. The institution is the first bank in Spain to launch an online… Read More

CBA/Novantas Study: 66% of US Residents Considering Opening New Savings Account, 47% Interested in Online-Only Services

Almost two-thirds, or 66% of US residents, are considering opening a new savings account, and nearly half (47%) of them noted that they would be comfortable with an online-only service such as Ally, Discover or Synchrony. This, according to a survey performed by the Consumer… Read More

Almost Half of UK’s Young Bank Customers Would Switch to Another Financial Service Provider for a Better Online Experience

Approximately half, or 50%, of young consumers in the UK would consider opening an account with a different bank to receive a better online banking experience, according to a report by software firm Mulesoft. The tech company investigated bank account holders’ attitudes and preferences related… Read More

Tandem Bank Appoints Noam Zeigerson As New Chief Data Officer to Strengthen AI Technology

Digital-first challenger bank Tandem Bank announced on Wednesday it has appointed Noam Zeigerson as its new Chief Data Officer to strengthen AI technology on its banking platform. According to Tandem, Zeigerson has more than 18 years of experience in data and analytics, as well as… Read More

Australian Banking Group Westpac Partners With Coupa to Help SMEs Get Paid Faster

Australian banking group Westpac announced on Tuesday it has teamed up with Business Spend Management (BSM) company Coupe to help businesses more efficiently manage their spending within a comprehensive cloud platform. Westpac reported that through the partnership both it and Coupe will enable customers to… Read More

BBVA to Offer Digital Customer Onboarding For All Operation Territory By the end of 2019

BBVA announced on Tuesday it is set to offer digital customer onboarding everywhere it operates by the end of this year. According to the banking group, this digital onboarding process is based on biometric identification technologies, which is already available in Spain, will now reach other… Read More

Monzo Announces Launch of Flexible Loans

UK challenger bank Monzo announced on Thursday the launch of its flexible loans. The startup reported that over the past nine months it has gradually been offering loans to more and more of its customers to make sure its system was to “get it right.”… Read More

Digital Bank Joust Secures $2.6 Million Through Latest Seed Investment Round Led By PTB Ventures

Joust Labs, a US neo-banking startup specifically for freelancers, announced on Monday it secured $2.6 million through latest seed investment round, which was led by PTB Ventures with participation from Accion Venture Lab, Financial Venture Studio, and Techstars. Founded in 2017, Joust claims it is… Read More

Sberbank Announces Letter-of-Credit Business of Legal Entities for Online Availability

Russian banking group Sberbank announced last week it has implemented a feature on remote banking services on letters-of-credit in Sberbank Business Online’s system. The bank revealed: “Clients can create applications on letters of credit online and independently send them to the bank to be processed…. Read More

Wirecard Announces New Partnership With India’s YES BANK

Germany-based Wirecard announced on Wednesday it has formed a new partnership with India’s banking group, YES BANK. According to Wirecard, the new collaboration will expand the scope of India’s Aadhaar Enabled Payment System, a biometric digital payment system developed by the National Payments Corporation of… Read More

Monzo Addresses Bank Transfer Errors & How the Digital Bank Platform is Preventing Future Issues

UK challenger bank Monzo addressed recent issues concerning its bank transfer services. The digital banking platform reported that on May 30th, around a quarter of bank transfers into Monzo accounts were failing or delayed by several hours and bank transfers from the Monzo accounts were… Read More

Following Series B Investment, Canadian Fintech Koho Launches New Cashback Program

KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday the launch of its new cashback program. This news comes just weeks after Koho successfully secured $42 million through its Series B funding round. As previously reported, Koho stated with… Read More

U.S. Fintech Startup Binji Launches Personal Finance Solution

Binji, a U.S.-based Fintech startup, announced the launch of its new personal finance solution. The company reported that its digital display debit Mastercard works in tandem with its mobile app. The platform also offers the ability to consolidate up to 24 credit and debit cards… Read More

Canadian Banking Alternative KOHO Secures $42 Million Through Latest Funding Round Led By Portag3 Ventures

KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday it secured $42 million through its latest funding round, which was led by Portag3 Ventures, with participation from Greyhound Capital and other strategic investors. Founded in 2014, KOHO stated that… Read More

Royal Bank of Scotland Announces Online Investment Service

Royal Bank of Scotland (RBS) announced on Wednesday the launch of its online investment service. According to the banking group, the Royal Bank Invest offers customers an opportunity to invest online from  £50, on a self-select or Automated Advice basis. Customers will be able to… Read More

Yolt Begins Beta Testing for Money App

Yolt announced on Monday it has begun beta testing for its smart thinking money app, Yolt Pay. Yolt reported that in this early stage of Yolt Pay, users be able to initiate payments on the Yolt platform. “We know it’s not perfect, but we wanted… Read More

Lloyds Bank & Halifax Customers Now Able to Experience New Open Banking Feature on Mobile Banking App

Lloyds Bank announced last week that it and Halifax customers are now able to see their personal current accounts from different banks through the Lloyds Bank mobile banking app. According to Lloyds Bank, the new open bank feature now enables customers to safely and securely… Read More

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