IBM makes progress validating fintechs for its banking clients, CTO says
LONDON — IBM now has more than 60 startups in its Catalogue offerings that allow for modular inclusion of additional software products. Tom Eck, Global Chief Technology Officer of Industry Platforms at...
View ArticleHow FICO is using AI to attack payments fraud
As fraudsters get more sophisticated, credit bureaus are sharpening their tools to detect and curtail fraudulent transactions. It’s a concern that’s captured broad attention as popular peer-to-peer...
View ArticleWith TransferWise, Novo extends its marketplace banking approach
New York City-based business banking startup Novo is growing its partnership model to attract and retain customers. This week, digital-only Novo integrated with money transfer service TransferWise to...
View ArticleDigit to focus on automation as it evolves its future plans
Digit, a personal finance app that helps users save automatically, raised $27.5 million in Series C funding on Monday. The new financing will help Digit grow its user base; hire new talent in San...
View ArticleWith entry into China market, Paypal expands global ambitions
This week, PayPal expanded the scope of its global ambitions through a 70% equity stake in Chinese payments company Guofubao Information Technology, which is known as GoPay. Through it, PayPal acquired...
View ArticleBrex moves beyond corporate cards with Brex Cash
Brex is moving beyond corporate cards for startups. The San Francisco-based startup, which is valued at $2.6 billion, launched a cash account on Thursday as an ecosystem play and a source of data to...
View ArticleWeekly Wrap: PayPal guns for China, as Movencorp patents its personal finance...
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 4, 2019. In this episode, Angely Mercado, associate editor, discusses the following news developments:...
View ArticleSamsung Pay launches in-app international money transfers
In an effort to grow adoption, Samsung Pay is rolling out international money transfers to accounts in 47 countries, the company said this week. Called Samsung Pay Cash, the capability lets customers...
View ArticleAffirm rolls out virtual card for checkout loans
The point-of-sale loan is evolving to a digital card that feels like a credit card but isn’t nearly as tough on customers’ budgets. On Monday, point-of-sale lender Affirm rolled out a new app that...
View ArticleExpensify launches corporate card to deepen client relationships
Digital expense management company Expensify launched a corporate card this week, building on its automated transaction tracking technology. The card offers business customers a new tool to manage...
View ArticleWirecard sets its sights on global expansion
Wirecard is taking aim at Asia and the Americas. The German financial services provider is advancing these plans through new product offerings, including cashierless checkout technology for retailers,...
View ArticleWith $2b valuation, Marqeta focuses marketing strategy on startups
A company that operates quietly in the background of popular financial apps and platforms is taking steps to become more visible. While large consumer-facing fintech companies like Square, Klarna,...
View ArticleFor Citi, cards are driving multi-product relationships
To Citibank, the world’s largest credit card issuer, cards are driving revenue and deeper relationships with the brand. On Tuesday, the bank reported that, in North America, revenue from branded cards...
View ArticleFinastra taps Ripple for real-time payments across borders
Banking technology provider Finastra, which works with more than 9,000 clients, is partnering with payment network Ripple to facilitate real time, blockchain-supported payments for its customers. For...
View ArticleHot online bank startup leaves customers without access to their cash
Chime, an online banking startup with more than 5 million customers, has been suffering an outage for much of past 24 hours that has left customers without access to their money. The startup blamed the...
View ArticleWeekly Wrap: Legacy banks tout their digital prowess, as Ripple embeds with...
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 18, 2019. In this episode, Angely Mercado, associate editor, discusses the following news...
View ArticleSantander rolls out business payments solution for North America
Santander Bank has rolled out Santander Cash Nexus, a payments tool solution for the bank’s commercial, corporate and investment banking clients in North America. The new platform offers Santander...
View ArticleVisa, Mastercard say they just made mobile shopping a lot easier
Smartphones have made taking a photo and checking fantasy football scores a breeze, but inputting credit card details on that small screen can still be frustrating enough that many shoppers just give...
View ArticleMastercard debuts digital ‘cash on delivery’ and real-time bill payments
Mastercard is launching a suite of real-time payment capabilities to grow its value proposition to banks and corporate clients, including a modern twist on ‘cash on delivery’ which lets buyers pay...
View ArticleMastercard acquires data platform SessionM to help brands boost customer loyalty
Payments giant Mastercard has acquired Boston-based SessionM, a nine-year-old software company that helps clients improve customer relationships through data analysis. The acquisition of the...
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