AutoGravity teams up with Hyundai Capital America
Thanks to a new partnership between AutoGravity and Hyundai Capital America, California car buyers using AutoGravity have new financing options when looking to buy a Hyundai, Kia or Genesis vehicle.
Mobile
How millennials are shaping the future of payments
For the millennial generation, paying for a latte using a contactless card, transferring money to a family member or friend online or buying a pair of trainers with “one click” has become the norm. This generation has not only shaped and driven the payments revolution, but is also playing an active role in developing a lot of the payment technologies emerging today.
FinovateFall 2017: a look back at the four-day flow
Adding a pair of discussion days to Finovate’s traditional demo days format, has made it that much easier for FinovateFall attendees to answer the question perennial post-conference question: “So. What did you think?”
Digiliti Money plans to delist from Nasdaq
Digiliti Money (DGLT), which is in merger negotiations with Urban FT, is planning to delist from the Nasdaq, according to its most recent SEC filing.
Top fintech stories this week – 22 September 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Innovators’ Spotlight: SPENT Money
Rather than being top of wallet, SPENT Money wants to help consumers manage and earn rewards from what’s already there—at least for now.
South Africa Bettr get ready for new mobile banking service
South African start-up Bettr Finance is preparing to launch its mobile banking service – with the offer of no monthly account fees and no bricks and mortar branches. It’s early days at the moment, so timelines and specific details are not available. But on its website its alpha phase is limited to 10,000 users. The […]
Kenya leads Africa in financial inclusion innovation
Kenya is leading the way when it comes to digital innovation for financial inclusion in Africa, according to research by the Consultative Group to Assist the Poor (CGAP). Earlier this year, CGAP says it invited firms and organisations to submit proposals for digital innovations they believe have the most potential to advance financial inclusion in […]
Interview: Aleksey Chubar, VTB – leading a fintech revolution in Russia
If you’ve got preconceptions about what fintech looks like and where it’s happening, then Aleksey Chubar, head of digital transformation at VTB, has news for you. Russia is becoming a hotbed of fintech innovation – not just domestically, but internationally too. More than that, the rapid pace of technological change in the country means you’ll soon wonder how you got left behind.
UnionPay Taps Allied Wallet for Prepaid Launch in Europe
Allied Wallet, a Los Angeles-based provider of online payment processing, is partnering with UnionPay International to issue a UnionPay-branded prepaid card, the “first ever’ partnership of its kind in Europe.
Raise Pulls in $60 Million in Funding, PayPal Joins Party
Raise, which bills itself as the world’s largest gift card marketplace, has raised $60 million in a Series C funding round led by Accel, with participation from PayPal and existing investors New Enterprise Associates and Bessemer Venture Partners.
Atom Bank teams with Reevoo for content customer crusade
UK challenger bank Atom has partnered with user-generated content platform Reevoo to improve customer engagement and offer better purchase decisions. Using Reevoo’s platform, Atom says it collects reviews for its fixed saver account and mortgage products. These reviews are then displayed on Atom’s website, and have been included in various customer communications including newsletters and […]
Juniper: Apple Users Likely to Reject Facial Recognition
A new survey conducted by Juniper Research has found that more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPhone X’s main security feature may struggle to gain traction among consumers, the consultancy says.
Santander International in digital banking revamp
EXCLUSIVE: Santander International is embarking on a tech project to modernise its online and mobile delivery channels.
Viber brings good vibes to Addiko Bank’s chat banking payments
Austrian banking group Addiko has unveiled chat banking for its customers – the “first ever” Viber-based financial transaction service available in Croatia. Called “Addiko Chat Banking”, it’s a digital banking service that, in partnership with Comtrade Digital Services and communication platform Viber, enables customers to directly communicate with the bank and make payments. Mario Žižek, […]
InComm OLS, NBS Fuel Gift Card Growth with Gas Pump Integration
Consumers now will be able to use some gift cards to pay at the pump, thanks to a partnership with On-Line Strategies Services LLC, a wholly owned subsidiary of InComm, and National Bankcard Services.
Viber Brings Good Vibes to Addiko Bank’s Chat Banking Payments
Austrian banking group Addiko has unveiled chat banking for its customers—the “first ever” Viber-based financial transaction service available in Croatia.
Nainital Bank to launch new digital venture, searches for consulting and tech partner
India-based Nainital Bank is gearing up to launch a new digital venture. It has recently gone to market to find a consulting and implementation partner to help it design, build and launch this venture as well as service it post-launch.
App it. The future of banking
This morning I was having breakfast with a colleague. I paid the bill, and he sent me his share of the bill using our Monzo app. Before we’d walked out of the café, the money was in my account. Simple!
Blockchain and Bitcoin Roundup: JP Morgan Chase, Japan’s Regulator, Wish Finance
Arguments, exchanges and something getting launched. It’s our blockchain and bitcoin roundup, featuring Chase CEO Jamie Dimon, Japan’s regulatory plans and alt. lending.
Top fintech stories this week – 15 September 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Corporate banking: work smarter, not harder. On user self-onboarding
Why would a bank let their corporates indulge in setting up system privileges online – without keeping close tabs on the process? Here’s why.
Royal Bank of Canada pilots AI-powered finance guide
Royal Bank of Canada (RBC), with the help of Personetics Cognitive Banking’s applications, will deliver two new services this autumn that provide AI-powered financial guidance and an automated savings programme through the bank’s mobile app. The development follows on from last month, when RBC unveiled these two digital services – called NOMI Insights and NOMI […]
Google Gets into Digital Payments Fray in India
Google is expected to launch a mobile payments app in India next week. Google Tez, which means “fast” in Hindi will reportedly support Android Pay as well as the government-backed Unified Payments Interface and other consumer payment services including Paytm and MobiKwik.
Nucleus Software signs TAB Capital for flagship lendtech platform, FinnOne Neo Cloud
India-based finance company TAB Capital is implementing a new lending system, FinnOne Neo, supplied by domestic vendor Nucleus Software. The solution will be delivered in the cloud.
Common Cents Lab unveils millennial financial regret spending report
If you’re trying to cater to millennials, you need to understand how they think and feel about money.
Digiliti Money Filing Reveals Deal Progress
Digiliti Money (DGLT) may have gotten knocked down, but it’s not out. And neither is a revised bid from prospective buyer Urban FT.
Has the face of payments changed forever?
Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.
Rabobank turns Big Brother with Dynatrace
Digital performance management company Dynatrace is working with Rabobank “to monitor the real-time experience of every customer and user for all services” at the bank.
STACK Taps Mastercard Prepaid for Challenger M-Banking App
There’s a new fintech challenger in town. Toronto-based STACK announced its partnership with Mastercard two weeks ahead of the beta launch of its mobile financial services app and companion prepaid card.
Nets Takes Real-Time P2P to Mobile Wallet Vipps
Nordic payments processor Nets has entered into a 3-year partnership with Vipps, a mobile payment application provider in Norway, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.
Infographic: banking in Europe 2017 – EBF facts and figures
European Banking Federation (EBF) has published its annual update on the banking sector in Europe. According to the EBF findings, staff numbers and branches in the European banking sector continued to shrink in 2016, while Eurozone deposits and loans grew slightly.
Q2 launches CardSwap with Chime Banking
Digital banking technology company Q2 Holdings Inc. took the Finovate stage to demo its CardSwap technology.
Two new core banking tech deals for Technisys in Brazil and Argentina
EXCLUSIVE: Banking tech vendor Technisys has landed two new deals for its flagship core banking system, Cyberbank Core, and digital channels software, Cyberbank Omnichannel.
BioConnect on Where to Start with Biometrics Investment
Ahead of FinovateFall’s kickoff in New York today, Paybefore spoke with BioConnect Chief Identity Officer Bianca Lopes about all the biometrics buzz in payments and the financial services industry. Her advice to companies looking to invest in biometrics: Don’t forget about the users.
Fintech Roundup: B2BPay, PayJoy & Pineapple Payments
Fintech startups continue to make headlines with investments and accolades. Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Talent Global Fintech for Companies competition.
Instabank takes risk analytics to the cloud with Provenir
Instabank, a new digital bank in Norway, has implemented Provenir’s Risk Analytics and Decisioning solution. Delivered in the cloud, the system provides “a real-time, digital lending experience” for its Instabank’s customers, Provenir says.
Openbank step closer to new core banking system decision
EXCLUSIVE: Openbank, a digital bank in Spain (and part of Santander) is believed to be in the concluding stages of its core banking system selection.
Five steps, five minutes, €5 – KBC launches new mobile app for current accounts
KBC Bank Ireland has unveiled a new mobile app that allows customers to open, activate and use their bank account “at any time, within just five minutes”. The bank says this is “completely unique to the Irish market” and the app’s official launch follows months of development and testing with consumers. The app is available […]
Petal uses machine learning to underwrite credit without credit score
After two years of stealth technology development and $3.6 million in venture capital backing, New York City-based Petal has announced a credit card that uses machine learning to underwrite customers instead of traditional credit scores.
