Japanese Regulator Warns of ICO Risks As Bitcoin Tops $6,000
Japan is the latest country to express concern over initial coin offerings and cryptocurrency, with its regulatory body the Financial Services Agency, or FSA, sending out a statement on the risks of...
View ArticleBankMobile to Seek Fintech Partnerships After ‘Merge’ with Flagship Bank
EXCLUSIVE—Mobile-first U.S. bank BankMobile will look to add new features to its platform through partnerships with fintechs after its merge with Flagship Bank is finished, the company told Bank...
View ArticleThe Allure of Credit Card Rewards and Cash Back
EXCLUSIVE – October saw a plethora of new credit cards. From traditional banks such as HSBC releasing its Premier World Elite Mastercard Credit Card, to ride-share app Uber’s first foray into the...
View ArticleR3, Global Banks Create Blockchain-Based System for International Payments
The R3 blockchain consortium, along with 22 of the top banks worldwide, has created a new international payments system for banking. The system, which utilizes blockchain technology, enables banks to...
View ArticleCME to Launch Bitcoin Futures, Causing BTC Price Surge (Again)
Exchange operator CME Group has announced plans to launch bitcoin futures this quarter. The announcement by the largest futures trading provider in the world prompted a price surge for the currency,...
View ArticleVisa Signs On as Partner to Payment Claims Company Earny
EXCLUSIVE – Payment protection company Earny will soon add Visa to its list of partners in two to four weeks, Bank Innovation has learned. Discover will also be added to its list of partners. However,...
View ArticleMastercard Aiming to Keep Momentum With Masterpass, Blockchain, IoT
EXCLUSIVE— Masterpass, blockchain, and the Internet of Things are three of the largest areas of innovation on which Mastercard will keep its focus, the company said. This is according to Mastercard’s...
View ArticleTransferWise Preparing Share Sale That Could Raise Valuation to $1.6B
Shares of cross-border payments company TransferWise are set to change hands in a sale that could boost its current $1.2 billion valuation. The sale, first reported by Sky News, is part of a series of...
View ArticleRemitly to Raise $115 Million in Funding
Digital remittance company Remitly will raise $115 million in a Series D funding. The round of funding will be led by PayU, the fintech unit of global media company Naspers. Other investors will...
View ArticlePersonal Banking Assistant Finn.ai Coming Soon to Central America
EXCLUSIVE – Personal banking platform, Finn.ai, will launch in Central America by the first quarter for next year, Bank Innovation has learned. “Although we cannot disclose the specific country where...
View ArticleOne Year After Rollout, Banks Are Bullish on Zelle
EXCLUSIVE—The growth of person-to-person payment network Zelle has been a key topic for banks and additional financial institutions since the service officially rolled out a year ago. As many companies...
View ArticleVisa is Rolling Out Real-Time Payment Platform, Visa Direct, in Europe
Visa is bringing its real-time payment platform, Visa Direct, to Europe. The platform is being launched in the region today, Visa said in a statement. The platform allows money transfers (whether a...
View ArticleNo More Foreign Transaction Fees on PayPal’s Cashback Mastercard
EXCLUSIVE- In the spirit of credit cards aiming to woo users with rewards and benefits, PayPal is getting rid of foreign transaction fees on its Cashback Mastercard. Bank Innovation has learned that...
View ArticleSingapore’s DBS Bank Launches ‘World’s Largest API Platform’
Singapore’s DBS Bank said it launched the world’s largest API developer platform. The platform consists of 155 APIs in over 20 categories, which includes funds transfers, rewards, and real-time...
View ArticleAmazon Registers Three Cryptocurrency Domain Names
Amazon Technologies, a subsidiary of e-commerce giant Amazon, has acquired three domain names relating to cryptocurrency: “amazoncryptocurrency.com,” “amazoncryptocurrencies.com,” and...
View ArticleDigital Lending Innovation Starts with the Simple Things, Bank of America Says
EXCLUSIVE–How should financial services build the future of digital lending? Focusing on the simple things is a good start, said John C. Schleck, senior vice president, centralized and online sales for...
View ArticleApple Pay Users Doubled in the Past Year
EXCLUSIVE– Apple reported earnings yesterday, and tucked in among all the dollar signs and iPhone Xs was some Apple Pay news – usage is going up. From how many users to how many more users, you ask? No...
View ArticleFireside Speakers from Visa and Chain Announced for Bank innovation 2018
Two speakers have joined the speaker faculty of Bank Innovation 2018 for fireside chats: Avin Arumugam, senior vice president of Internet of Things at Visa, and Adam Ludwin, CEO of blockchain startup...
View ArticleBank of Scotland Releases its Own Virtual Assistant for the iPhone
The Bank of Scotland is introducing a virtual assistant on mobile, which allows customers to have text-based conversation in real-time. The virtual assistant, which uses artificial intelligence, can...
View ArticleLenders Should Use Blockchain for Identity Authentication, Experts Say
EXCLUSIVE — When it comes to blockchain, lenders need to stop thinking about smart contracts and start thinking about identity, according to industry experts. “To get an identity verified, to get an...
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