Revolut Reaches 1M Customer Milestone
Two and a half years after its launch, fintech startup Revolut has reached an important milestone: the digital banking startup now has one million customers across Europe. The majority of the...
View ArticleFintechs Have a Larger Share of Personal Loans than Banks or Credit Unions
Fintech lenders are making significant gains in the personal loan space, according to a recent TransUnion report, which follows the staggering growth of fintech lenders in the market over the past few...
View ArticleBlack Friday Sees Mobile Shopping Surge as Cyber Monday Opens to Consumers
EXCLUSIVE—Digital shopping is expected to hit a high today during Cyber Monday, and most consumers should be ready for it: especially considering that a good number of them even did their Black Friday...
View ArticlePayments Network Provider Earthport Launches in Bangladesh
EXCLUSIVE – British payments network, Earthport Plc expands to Bangladesh by partnering with local bank BRAC Saajan Exchange Ltd. The partnership between the two now enables inbound payments into...
View ArticleBritish Savings App Chip Raises Funds for Banking License
U.K.-based PFM mobile app Chip wants to apply for a banking license. And for that it wants to raise £2.4 million ($3.2 million) in a crowdfunding campaign. Funds from the campaign will be used for...
View ArticleKiwibank Unveils Realtime P2P Payments for Merchant Customers
EXCLUSIVE – Kiwibank launched a new mobile feature for its business customers today, joining the list of many other fintechs and banks that have unveiled similar merchant-focused apps and features....
View ArticleTop 15 Bank Video Ads of 2017
Which banking advertisement will you remember best from 2017? Here at Bank Innovation, we have our picks: as we do annually, we have ranked the top banking ads of the year. The 15 videos below were not...
View ArticleNew ‘Samsung Pay Story’ Feature Could Soon Let Android Users Share Transactions
South Korean technology company Samsung has filed a patent for a new feature of its mobile payment service, Samsung Pay, that could allow users to share their transaction history with other users. The...
View ArticleCalifornia Dealership Sells First Bike for Bitcoins
At least one powersports dealer is accepting a new form of payment for motorcycles: bitcoins. Old Road Harley-Davidson, a dealership in Santa Clara, Calif., sold a Harley-Davidson motorcycle to a...
View ArticleNorwegian Bank Nordea Launches Facebook Messenger Payment Feature
EXCLUSIVE – Norwegian bank Nordea will now let customers use Facebook Messenger to pay bills via e-invoice. According to a statement sent to Bank Innovation today from Nets, the payment services...
View ArticleTop 10 Twitter Reactions to Bitcoin $10K (And $11K)
EXCLUSIVE- The original cryptocurrency bitcoin finally hit a $10K valuation per coin earlier this morning, and it has since soared past $11K, and Twitter has some feelings. The valuation comes after a...
View ArticlePayPal Looks to Diversify Beyond Payments
EXCLUSIVE- PayPal wants to move beyond payments, according to its CFO John Rainey, who said the company will focus on a combination of partnerships and investments in companies that can propel the...
View ArticleNordea Bank Launches Investment Fund for Finch
Norwegian Bank Nordea today unveiled a fintech-focused investment fund, and has already made its first investment in mobile payment and money transfer app Betalo. The investment amount and size of the...
View ArticleAmazon Adds In-Skill Payments to Alexa
Businesses and developers will soon be able to accept payments directly through voice apps on Amazon’s Alexa device, the company announced yesterday during its re:Invent event in Las Vegas. This...
View ArticleFIS Opens Its API Portal and Invites Banks & Fintechs to Come Play
EXCLUSIVE— Financial services technology provider FIS will use its new API portal to help banks and fintechs alike develop new capabilities, partnerships, and innovations, Rob Lee, chief product...
View ArticleMonzo Brings Back Debit Top-Ups But Warns Feature is Not ‘Sustainable’
British neobank Monzo has reinstated a popular feature for its current account, debit top-ups via card, Android and Apple Pay, but warned customers that the feature may not be “sustainable” for the...
View ArticleMastercard Bets on Blockchain and Payments with Latest Crop of Startups
Payments processor Mastercard is continuing its focus on innovation and partnership, announcing the latest 11 companies to join its ‘Start Path’ program as well as the expansion of its NYC Tech Hub....
View ArticleChase Officially Closes WePay Acquisition in $400M Deal
JPMorgan Chase has officially closed its acquisition of payments startup WePay, a company that provides payments for crowdfunding platforms. The deal is valued at about $400 million, as reported by...
View ArticleTIO Networks Data Breach Compromised 1.6M Customers, PayPal Says
One of PayPal’s recent acquisitions, payments processor TIO Networks, has suffered a data breach that puts the information of 1.6 million of the processor’s customers at risk, the company said in a...
View ArticleTarget Opens Mobile Wallet for Apple, Android
Target is the latest retailer to open a mobile wallet service of its own, following in the steps of fellow chains Walmart and CVS. Target announced yesterday that the mobile payment service, simply...
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