Crypto Transactions are Up, Report Finds, but Institutions Remain on Sidelines
Cryptocurrency prices are generally down over the past year but developers have been working 24-7 on improving the underlying technology and adoption is growing accordingly, Weiss Ratings founder...
View ArticleHong Kong Permits Virtual Banks in Test to Traditional Lenders
Hong Kong’s traditional banks are set to face one of their biggest challenges yet: a new breed of financial technology firms estimated to snare as much as 30% of their revenue. The Hong Kong Monetary...
View ArticleConversational AI Firm Kasisto Partners with U.A.E. Digital Bank Liv
United Arab Emirates-based digital bank Liv on Wednesday launched its virtual assistant Olivia, which was built by conversational AI company Kasisto. Olivia, a play on the bank’s name Liv, can check...
View ArticleTraditional FIs Need to Launch Digital-Only Standalone Banks to Compete,...
Challenger banks are posing a real threat to traditional banks. How real of a threat? According to a new Citibank report, the incumbent banks face up to a 30% revenue hit thanks to competition from...
View ArticleCapital One Treasury Head: AI and ML Driving Customer Experience Improvements
Phil Beck, Head of Treasury Management at Capital One, is almost a year into his job at the McLean, Virginia-based bank, where his focus has been getting commercial banking up to speed with the digital...
View ArticleBI Ignite 2019: Tackling Payments Innovation and Rebuilding Trust [Video]
Ignite Ideas talks at the Bank Innovation Ignite 2019 conference in Seattle last month tackled issues of financial inclusion, designing products that enhance the customer experience, revamping...
View ArticleMovers and Shakers: Notable March Hires in Fintech and Banking
Goldman Sachs recently announced plans to hire more women and people of color. The bank wants to increase its representation in entry-level analysts and associates in the Americas to 50% for women, 11%...
View ArticleNew Fintech Unicorn Bill.com Teams with Mastercard to Offer Virtual Card
Bill.com, a business payments and software platform firm, today announced an $88 million funding round led by Franklin Templeton that makes it the latest fintech unicorn. The Palo Alto, Calif.-based...
View ArticleSantander Targets $1.4 Billion Cost Savings Amid $20 Billion Digitalization Plan
Banco Santander SA pledged to cut €1.2 billion ($1.4 billion) of annual costs and ramp up investment in digital and its prized Brazilian business as the Spanish lender seeks to revive its moribund...
View Article3 Notable Regtech Startups: Apiax, ComplyAdvantage, Ascent
Regulations such as PSD2 and GDPR (General Data Protection Regulation) have put regtech companies at the front and center of the global fintech ecosystem. In fact, a recent report shows that the global...
View ArticleMastercard’s Tokenization, and Consumer Choice, Made Digital-First Apple Card...
Mastercard’s tokenization technology made the digital-first Apple Card possible, but purely from a technological standpoint, Jorn Lambert, EVP, Digital Solutions at Mastercard, told Bank Innovation. It...
View ArticleBento for Business and Visa Team Up on Cash Flow for SMBs
B2B payment solutions firm Bento for Business today announced it has added Visa Business debit cards to its modular financial operating platform, enabling small- and mid-size businesses to better...
View ArticleIsraeli Startup Riskified is Said to Seek $200 Million Funding
Riskified, an Israeli startup that provides anti-fraud services for online transactions, is seeking to raise as much as $200 million, according to people familiar with the company’s plans. The new...
View ArticleApple’s Credit Card Gives Goldman Sachs Rare Customer Role
Apple Inc. launched a credit card last month, hoping to upend a $175 billion industry much like it did the phone business. At a splashy event, the company made a simple sales pitch and showed off the...
View ArticleHackers Try Smaller Amounts Three Years After $100 Million Heist
Three years after hackers managed to siphon off more than $100 million from the Bangladeshi central bank’s account in the U.S. Federal Reserve, cyber-criminals are going smaller. In 2018, attempted...
View ArticleNexi Raises $2.3 Billion in Europe’s Largest IPO in 2019
The initial public offering of payment-service company Nexi SpA raised 2.01 billion euros ($2.3 billion), making it the biggest listing in Europe so far this year and the third major IPO of a...
View ArticleCitigroup Attributes Q1 Deposit Growth to Its Digital Channels
Citigroup's digital channels are crucial to growing its new-to-bank customer deposits, according to CFO Mark Mason, who reported single-digit YOY growth in deposits across international retail...
View ArticleNew Mastercard Rewards Program Features Automatic, Instant Redemption
Mastercard today announced the rollout of a streamlined real-time rewards program that eschews the traditional multi-step path to redeeming rewards and cash back. The Purchase, N.Y.-based payments...
View ArticleBofA Opening More Financial Centers to Support Digital Strategy
While many banks are shutting down branches, Bank of America is adopting a "high-tech, high-touch" strategy, which will result in the addition of 350 branches, or what it calls "financial centers,"...
View ArticleMobile Outpacing Digital User Growth at the Big Four U.S. Banks
The big four U.S. banks are adding more active mobile users than overall digital users on both a quarter-over-quarter and year-over-year basis, earnings reports for the first quarter of 2019 show....
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