Top Australian Banks Kill ATM Fees
Four major Australian banks have dropped fees for cash withdrawals at their domestic ATMs, in a move that could save Australian ATM users millions annually. The Commonwealth Bank of Australia, Westpac...
View ArticleJapanese Consortium of Banks to Create Digital Currency ‘J Coin’
Japanese banks are planning to create a national digital currency for the nation, known as “J Coin,” that will be ready for the 2020 Olympics set to take place in Tokyo. The digital currency will be...
View ArticleHealthcare Savings Account App Lively Adds Investment Capabilities
Healthcare Savings Account provider Lively Inc. has raised $4.2 million in new funding, and added a new investment capability in partnership with TD Ameritrade. The new capability works through an...
View ArticleWith Take-backs, Kasasa is Giving Borrowers More Control Over Their Money
EXCLUSIVE—Speedy, flashy financial service through mobile or a wearable is all well and good, but the product has to respond to changing customer needs as well. That’s why financial technologies...
View ArticleHow Will People Pay in the Future?
Cash is on its way out, but are bitcoin and other virtual currencies on their way in? Well, maybe. About 9% of American consumers believe that their children, or future generations, will be paying for...
View ArticleSingapore Banks Close Cryptocurrency Firms’ Accounts
Several banks in Singapore have closed the accounts of an estimated 10 firms specializing in cryptocurrency and payments services. Anson Zeall, chairman of Access, Singapore’s Cryptocurrency and...
View ArticleWhat’s the State of Banking Innovation in 2017?
What is the state of banking innovation today? Each year, we poll the industry to find out. Fintech funding has grown tougher for startups, but banks’ balance sheets are looking stronger– what does it...
View ArticleChina’s Bitcoin Ban Fuels Investment in South Korea and Japan
EXCLUSIVE- NXC, the holding company of $10 billion Japanese gaming corporation Nexon, has acquired an $80 million (91.3 billion Korean won) stake in the second largest cryptocurrency exchange market in...
View ArticleChina’s Alibaba, U.S.-based Bittrex Partner with Korean Crypto-Trading Platform
U.S. fintech firm, Bittrex, and South Korean app developer, Dunamu, an affiliate of the country’s largest messaging platform, Kakao, have teamed up to launch a new, massive cryptocurrency exchange...
View ArticleA New Kind of Fintech: Why Health Savings Account Startup Lively Added...
EXCLUSIVE- Health Savings Account Startup, Lively wants to be more than a HSA vehicle. Right now, more means giving its account holders the option to invest their HSA funds. Launched on March 1 this...
View Article10 Most Innovative CEOs in Banking 2017
Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. Challengers to...
View ArticleCanadian Payment Processor, Pivotal, Gets Big Boost to Pursue Strategic...
Canadian payment processor, Pivotal Payments, gets a boost to its growth plan through an investment from private equity firm Novacap and pension fund Caisse de dépôt et placement du Québec on...
View ArticleRBC is Developing DLT for Payments with Hyperledger
The Royal Bank of Canada is looking at ways to implement blockchain technology for payments between its Canada and U.S. banks, using a system developed with software from the blockchain consortium...
View ArticleUX Design is Next Big Hurdle for Banks, Vested Ventures Says
EXCLUSIVE— With the help of APIs and other technologies, U.S. banks are mastering the use and sharing of data, but the next challenge is going to be even more technical. To move forward, financial...
View ArticleCryptocurrency Expert: Government-Backed Cryptocurrency Misses the Point
EXCLUSIVE- To make a government-backed cryptocurrency is to defeat the point of cryptocurrency, Jacob Eliosoff, a programmer, crypto trader, businessman, and teacher, explains in an interview with Bank...
View ArticleBraintree, Four Years Post the PayPal Acquisition
EXCLUSIVE- Four years ago in September, payment processor PayPal acquired Braintree, along with Braintree-owned Venmo. Since then the San Francisco-based Braintree has catapulted itself through...
View ArticleCurve Partners with Xero for Easier Expense Management
London fintech Curve has partnered with accounting software provider Xero to remove the hassle of filing expenses, allowing users to log each charge with Xero automatically. This eliminates the need...
View ArticleWirecard Expands boon app With P2P, ‘micro credit’
Financial technology provider Wirecard will be updating its mobile payment app, boon, with new features including P2P capabilities. Up until this point, boon has worked as a typical payment app, used...
View ArticleCredit Needs to Fix its Customer Experience Along with its Security, Final Says
EXCLUSIVE— As recent hacks such as Equifax demonstrate, credit providers have work to do to gain back consumer trust, and doing so is going to require fixing the customer experience as well as data...
View ArticleNew Platform HomeFundMe Applies Crowdfunding to Mortgages
EXCLUSIVE— Potential homebuyers can be barred from entering the market simply because of the cost of a mortgage down payment. CMG Financial, a mortgage banking firm, is looking to change that with its...
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