Tagged: online banking

European Digital Bank N26 to Cease Operations in Brazil

  European digital bank N26 has recently announced the decision “to discontinue its test phase in Brazil and wind down its operations in the market.” The decision underscores N26’s strategy to “focus on its core European markets as it further strengthens its position as Europe’s… Read More

UK’s Metro Bank Cautions Consumers Against Second-Hand Scams, Fraudulent Activities

Metro Bank’s ‘Scam of the Month’ for September 2023 is a warning to drivers about the influx of second-hand car scams “as approximately a million drivers take possession of their new 73 licence plate cars from September.” Purchase scams can take many forms; “with the… Read More

Digital Banking: Kuwait International Bank Introduces Corporate Financial Services Platform

Kuwait International Bank (KIB) has announced the launch of its Corporate Online Banking platform, heralding “a new phase of financial empowerment and security for its corporate customer.” The launch falls in line with the Bank’s commitment “to digital innovation and expanding its modern banking solutions.”… Read More

Digital Banking: Over 75% of Consumers in Lombardy, Italy’s Most Industrialized Area, Banked Online, Report Claims

Over three-quarters or 75% of the population in Lombardy, Italy’s largest and most industrialized area, banked online this past year, compared with the national average of just 63%, the Bank of Italy recently revealed. Virtual banking in Lombardy has reportedly increased by around 20 percentage… Read More

Malaysia: Maybank Enhances Security Controls Against Scams, Completes Migration to Secure2u for Digital Banking Services

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More

Belgium: Keytrade Bank Selects Infosys Finacle Suite for Core Banking Transformation

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), and Keytrade Bank, the first online bank in Belgium and part of Credit Mutuel Arkea, one of France’s largest banking groups, announced the bank’s decision to select Infosys Finacle as the preferred… Read More

Fintech Firm Bankjoy Assists United State Bank with Delivering Seamless Online Banking Experience

United State Bank has partnered with digital banking provider, Bankjoy in order “to deliver a world-class online and mobile banking experience for its account holders.” Founded in 1922 and based in Lewistown, Mo., United State Bank “serves the financial needs of retail customers and commercial… Read More

Switzerland: Online Banking Platform Swissquote Selects NetGuardians to Enhance Fraud Mitigation

Swissquote, which claims to be among Switzerland’s leading online banks, has chosen NetGuardians in order “to enhance fraud mitigation and comply with the AML requirements.” The NetGuardians AI-based financial crime solutions will “monitor all transactions at the bank and on the digital finance app ‘Yuh’,… Read More

Half of Australians to Switch Banks for Competitive Interest Rates, Backbase Research Claims

Backbase, which claims to be the global leader in Engagement Banking, has released a new report titled, “Banking Disruption: Australians’ Shift in Focus towards Credit Unions, Mutuals and Second Tier Banks”, which highlights the ways Australians are engaging with the top 10 banks online and… Read More

Digital Working Capital, Lending Capability Introduced by Standard Chartered

Standard Chartered (LON: STAN) announced the global launch of the working capital and lending capability on its Straight2Bank (S2B) platform, the Bank’s online banking platform for businesses “to manage their transaction banking needs.” S2B Loans is “a new module which allows clients to initiate and… Read More

Small Businesses Can Easily Project Cash Flow with Tools Provided by U.S. Bank

U.S. Bank has announced a new innovative offering “to meet small business owners’ desire for a better line of sight into their future cash flow.” A new online banking tool will “enable the bank’s small business clients to see a 90-day forecast of their cash… Read More

New Digital Banking Experience Introduced by First Federal Bank of Kansas City

First Federal Bank of Kansas City released a refreshed, innovative online and mobile banking platform powered by Narmi, an enterprise digital banking provider. Together they “enhanced the end-to-end digital experience from online account opening through online and mobile banking for First Federal’s 25,000 consumer and… Read More

Mahalo Banking Secures $20M to Accelerate Growth in Mobile, Online Banking Solutions

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, completed a $20 million funding round this month that was “led by Ohio-based Superior Credit Union, Ky.-based Park Community Credit Union and Del.-based Dover Federal Credit Union.” The additional capital “enables… Read More

London School of Economics and Political Science (LSE) Cautions Against Bank Closures During Epidemics

Consumers from lower-than-average socioeconomic backgrounds found it challenging to access online banking during the COVID-19 outbreak, while many continue to depend on in-person banking services. This, according to an update from the London School of Economics and Political Science (LSE). The research, released in the… Read More

Simplii Financial Now the “First” Canadian Virtual Banking Brand to Provide Recurring, Future-Dated Interac e-Transfer Transactions

Simplii Financial has launched a new online and mobile banking feature for clients, “enabling recurring and future-dated Interac e-Transfer® transactions to be set up or scheduled up to five years into the future.” Vineet Malhotra, Head, Simplii Financial, stated: “Our clients have been asking for… Read More

First Internet Bank Eliminates Overdraft Fees to Improve Client Experience

For many consumers and small business owners, the result of one or more overdraft fees can be “devastating.” To address this issue, First Internet Bank has announced that it is “removing overdraft fees on personal and small business deposit accounts.” This change has been made… Read More

Lloyds Bank Signs Up its First Retailer for A2A Payments API in the UK

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More

Indian Fintech Razorpay Shares Ways to Grow Your Business With their Cash Advance Options

Indian payments Fintech and neobank Razorpay notes that applying for a line of credit via traditional banks and lenders “can be disappointing with unrealistic approval requirements.” Razorpay Cash Advance has been specifically designed to “make it easier for Razorpay users to get quick access to… Read More

UK’s Atom Bank, a Mobile-Only Banking Platform, Reports Solid Progress Despite Considerable Losses

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

First All-Digital Islamic Savings Account Introduced in Malaysia by CIMB Bank

CIMB Bank and CIMB Islamic Bank have introduced the CIMB OctoSavers Savings Account-i, which is the first all-digital Islamic account where the account opening and onboarding process is carried out completely online. New clients will also get the newly introduced Octo Debit Mastercard via mail… Read More

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