Taking on the apps
How can big finance ready itself? Find out the five steps that can help.
Consumer/Personal Finance
ING teams up with Dutch supermarket and US tech start-up
The bank is piloting a cashierless store at Albert Heijn in cooperation with AiFi.
Monzo to follow gambling block with merchant version
The challenger bank aims to help people reduce negative spending habits.
Revolut withdraws banking licence application in Luxembourg
It needs regulatory approval from an EU27 state to maintain EU single market access post-Brexit.
First UK fintech consumer panel launched in Scotland
Consumers will innovate alongside the entrepreneurs.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Happy Money raises $70 Million in Series D round
The fintech evaluates “happy” and “sad” spending patterns.
Nordic API Gateway first Danish fintech to land PISP licence
The fintech will offer A2A payments to its online retailers.
Seven mobile paytechs form new association
It will “win back lost terrain in the payments space” for Europe.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Mobile technology enabling financial access to millions
Zenka is challenging its competitors and courageously conquering the Kenyan lending industry.
DSK Bank fined for data breach affecting over 33,000 clients
The breach exposed full names, addresses, copies of ID cards, bank account numbers and property deed data.
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
Link reveals plan to protect free ATMs
The pilot scheme starts with the Scottish town of Durness.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
Horizon Credit Union is becoming a bank from 2 September
“Regrettably, many people don’t know what a credit union is, who can join and what they do”.
Raisin to offer pensions with acquisition of Fairr
It will be the first online marketplace to offer savings, investments and pensions.
PAI acquires Eclipse Cash Systems
The deal takes PAI’s network to over 90,000 ATMs.
CaixaBank to release biodegradable cards
The bank will roll out150,000 of the cards each year.
How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
Selangor government unveils one-stop digital payments platform
Citizens will be able to make payments to agencies at all levels.
Swiss fintech start-up Numbrs reaches unicorn status
Numbrs raised $40 million, pushing it over $1 billion in value.
JP Morgan to shut down Chase Pay app in early 2020
This venture will soon be joining the US bank’s other shelved platforms this year.
Student lender MPOWER secures $100m from Goldman Sachs
Goldman Sach’s total loan financing capital for MPOWER is $200 million.
Bank of America announces “record-breaking” P2P app payments
The bank received 163 million transactions in less than nine months.
Paysafecard and G2 Esports extend collaboration
More than 400 million people worldwide had watched an e-sports event by 2018.
Barclays launches accessory shop for Pingit customers
Wearable payments devices include watches, jewellery, wristbands and key fobs.
Line and Nomura launch online brokerage in Japan
Nomura’s CEO steps away from its “uncool” offering to attract a younger, digital-savvy clientele.
Japan’s Line Pay integrates China’s WeChat Pay
The global alliance will boost Japan’s revenue from inbound Chinese tourists.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
Credit Karma accused of “roulette” security breach on Reddit
Every time customers refreshed they saw someone else’s data.
US neobank Zenus gets licence
Zenus will allow anyone in the world to open an account.
Monzo offers new short-term loans
Loans will be loans between £200 and £15,000.
Secured cards: public relations ploy or financial health builder?
They can be a critical tool for financially vulnerable people.
Swedish fintech Northmill launches new saving service
Customers can lower their interest rates in a matter of minutes
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
