Retirement Savings Platform Finhabits Targets Hispanic Population
EXCLUSIVE – Young Americans are bad when it comes to setting aside money for retirement. Those savings numbers decline even further when considering the Hispanic population, according to a new study by...
View ArticleUAE and Saudi Arabia Form Partnership for Cryptocurrency-based Payment Pilot
The central banks of the United Arab Emirates and Saudi Arabia are launching a pilot to use cryptocurrency to facilitate cross-border payments between the two countries. While the two governments have...
View ArticleWalmart Lets Its 1.4 Million Employees Take Their Pay Home Early
Walmart, one of the nation’s largest employers, is allowing its 1.4 million employees to take advances on their pay, according to the New York Times. The move comes in the holiday season, when many...
View ArticleBanks Will Only Slow Fintech Innovation if They Acquire Rather Than Partner,...
EXCLUSIVE—Should banks acquire or partner with smaller, more agile fintechs? Well, that depends if the end goal of the bank is to further financial innovation, Derrick Walton, EVP of global financial...
View ArticleGoogle Teams With Portland’s Public Transport Operator TriMet for First...
Here comes the world’s first virtual transit card in Android Pay, well at least according to Google and Portland’s public transport operator TriMet, who teamed up to unveil the Hop Fastpass. TriMet...
View ArticleEdge Card Buys Shattered Remains of Plastc
Smart card Edge has bought the remaining assets of Plastc, which folded in April. Yes, smart cards are still around — sort of. The idea behind many of them was that multiple cards could be loaded by...
View ArticleSilicon Valley’s Lead in Innovation Centers is Shrinking
If it feels like innovation has been one of the hot themes of 2017 in the financial world, it’s because its true. A new report shows that despite many companies struggling to maintain a culture of...
View ArticleDonors Gave $22M in Crypto to Fidelity Charity Arm in 2017
Givers to mutual fund investment company Fidelity’s charity arm, Fidelity Charitable, have donated $22 million worth of bitcoin this year. The charity will accept donations in bitcoin until December...
View ArticleCiti Implements DLT to Manage Cash, Securities in Its Back Office
Citi is now using distributed ledger technology to manage collateral and send cash and securities in a single click, Citi announced last week. The financial services organization will be using the...
View ArticleIndonesian Ride Share App Go-Jek Buys Three Fintechs
Indonesian car share app Go-Jek purchased three three fintech startups last week for an undisclosed amount, according to reports. These startups are all focused in the digital payments space: offline...
View ArticleBitcoin’s Impact on Fintech Organizations Won’t Beat AI, Survey Says
When it comes to the innovations in finance that will impact the way future organizations are run, artificial intelligence and machine learning is likely to have a larger effect than bitcoin or...
View ArticleBank Innovation’s Top 5 Fintech Trends in 2017
EXCLUSIVE — The year of 2017 has been marked with more than a few good and not-so-good trends: but we’ll stick to fintech. Aside from the important events like record-level funding for fintechs across...
View ArticlePayPal Invests in German Deposit Fintech, Raisin
Berlin-based savings deposit marketplace Raisin has received capital from payments company PayPal, which will be used to push the fintech’s growth in the market. The amount of funding, described as a...
View ArticleTop Cryptocurrency Exchange Coinbase Now Supports Bitcoin Cash
Top bitcoin marketplace Coinbase has rolled out support for rival digital currency Bitcoin Cash, prompting a 10% drop in the value of bitcoin yesterday. The platform, which is the most popular place...
View ArticleWhere’s the Zelle for Small Businesses?
EXCLUSIVE – While the U.S. payments landscape witnessed two important bank-backed efforts (hello, Zelle and realtime payments), one largely neglected area is likely to be the major focus next year....
View ArticleJPMorgan Chase is Hoping Cashback Rewards Will Incentivize Mobile Wallet Usage
Bank JPMorgan Chase is announcing new cashback rewards tied in with the use of mobile wallets for the first quarter of 2018, in an offering that will allow customers to “try—and enjoy—the convenience”...
View Article2018 is The Year Mastercard Will Make Biometrics ‘Impactful’
EXCLUSIVE—Biometrics have been a fintech buzzword for a while now, but 2018 is where companies like Mastercard are going to start the real work. That means focusing on the smaller details and the...
View ArticleBlockchain in Cross-Border Payments and Other Things IBM is Looking at in 2018
EXCLUSIVE – Blockchain in cross-border payments will be big in 2018, at least that’s what IBM’s Rajesh Venkatraman, director of worldwide payments solutions sales at IBM, thinks. “Blockchain technology...
View ArticleHow IBM Is Helping Smaller FIs Get on the Zelle Train
EXCLUSIVE – In 2017, the U.S. payments landscape underwent significant change. One of the most important ingredients for this change was the arrival of banks-backed P2P app Zelle. The app, created as...
View ArticleMobile Rideshare App Grab Launches in Cambodia
Southeast Asian ride-hailing app Grab has launched today in Cambodia, partnering with the country’s top mobile banking services provider to integrate local drivers for payments. On Wednesday, Grab...
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