Finastra Brings Payments to Microsoft Azure
Financial services firm Finastra is bringing payments to Microsoft’s cloud platform, Azure, which will allow clients to access digital payment solutions via the cloud. Bringing payments to the Azure...
View ArticleMedia Focused Fintech FastPay Picks Up AnchorOps in a Bolt-On Deal
Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers. Terms of the...
View ArticleBranches Still Matter Even as Mobile Growth Continues, JPMorgan Chase Says
EXCLUSIVE— With 12% growth in mobile active customers year over year, JPMorgan Chase is quite aware of mobile banking’s growing popularity, but that doesn’t mean the bank is ready to kill its branches....
View ArticleDiscover Cardmembers Can Now Redeem Cashback Rewards with Apple Pay
Discover has become the first major credit card company to let its customers redeem cashback rewards with Apple Pay. This is according to a release by the company yesterday, which states that...
View ArticleSWIFT Calls Its Blockchain Trial a Success
SWIFT has dubbed its blockchain projects successful, according to a report published today regarding its proof-of-concept with the technology. The inter-bank network’s proof-of-concept, announced back...
View ArticleMexican Startup ePesos Gets $6M from Santander InnoVentures
Santander InnoVentures, the venture capital arm of Santander Bank, has invested $6 million in Mexican fintech ePesos. InnoVentures was the leader in the round, though VilCap Investments, Finlab, and...
View ArticleIBM To Use Blockchain Technology for Crossborder Payments for Banks
Multinational tech mogul IBM is working with blockchain startup Stellar to establish a cross-border payment system, which will allow banks to use the technology. By using this technology, banks will be...
View ArticleRussia Will Launch Its Own ‘Cryptocurrency’
Russian Minister of Communications and Mass Communications Nikolai Nikiforov has announced that the Russian state will “quickly” issue its own cryptocurrency, called the “CryptoRuble,” as reported by...
View ArticlePayment Processor Platform Marqeta to Launch in Canada Next Month
EXCLUSIVE -Payment card issuing platform Marqeta will be launched in Canada next month and Europe in 2018, Marqeta’s CEO, Jason Gardner told Bank Innovation. Based in Oakland, Calif., Marqeta uses open...
View ArticleIBM Creates Blockchain for Global Payments, Looks to AI for More Solutions
EXCLUSIVE— IBM is continuing its momentum in fintech with a focus on international payments and distributed ledger technology by launching a solution for global payments on the blockchain today. “We...
View ArticleBlockchain Yes, Bitcoin Not So Much, Bernanke Says
EXCLUSIVE–Former Fed Chairman Ben Bernanke may see blockchain’s potential for payments innovation, but that innovation isn’t going to involve cryptocurrenices. This is according to remarks made by...
View ArticleJPMorgan Chase Acquires WePay for SMBs
In its first major fintech acquisition, JPMorgan Chase will acquire WePay, bringing its software to the small businesses the bank serves. Founded in 2008, the Redwood City, Calif.-based WePay provides...
View ArticleBanks Still Aren’t Spending Money on Open Banking (Or Blockchain or...
EXCLUSIVE- APIs and open banking might be becoming more integral to financial institutions, but it doesn’t seem like banks are really working to push innovation in that space That’s according to Bank...
View ArticleMastercard to (Finally) Kill Signatures
Mastercard has had enough of waiting for the signature to die on its own. That’s why the global payments company is eliminating the need for a signature at the point-of-sale, starting today. The step...
View ArticleHSBC Partners with Fintech Bud for New Open Banking App
HSBC along with its subsidiary First Direct has partnered with London-based fintech startup Bud to test one of its open banking apps. This banking app will allow users to view all their account...
View ArticleBanking Keyboard App PayKey Raises $10 Million in Funding
EXCLUSIVE – Banking keyboard app, PayKey closed a $10 million Series B funding round today bringing the fintech’s total investment to $16 million since its establishment in 2014. The funding will be...
View ArticleBanks Need to Play Catch Up with Amazon And Other Tech Giants When it Comes...
EXCLUSIVE—Tech giants have already figured out open banking, and more than the growth of fintech firms, this should make financial incumbents nervous. “You don’t need a banking license, which some of...
View ArticleICOs and Token Sales Explained by the ‘Queen of Bitcoin’ [PODCAST]
If you’re not sure what an ICO is, well, join the club — but you’re in the right place to find out. Margaux Avedisian of Transform Group stopped by to explain it to us. She is in the business of...
View ArticleThe Clearing House Will Offer Mastercard Tokens for Transactions
Moving forward with real-time payments, The Clearing House has struck a deal with Mastercard to use the company’s tokenization technology. The deal, announced today, will allow The Clearing House to...
View ArticleFirst Data Admits to BluePay Purchase
First Data today said it would buy payment processor BluePay Holdings for $760 million. The announcement comes a day after First Data accidently posted the press release on its website, only to take...
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