Digital Banking + FinTech

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Citi will soon make mobile banking available to non-Citi customers

Citi is making its mobile app available to everyone — even if they aren’t Citi customers.<p>Big banks are becoming more accessible. Just look at Goldman …

Banking

Is Digital Banking Henry Ford's Faster Horse?

This year’s the Digital Banking Report from Jim Marous is a record-setting 106 pages based on a crowd-sourced panel of 100+ financial services influencers combined with the results from a global research study of financial institutions. It identifies the key trends and strategies that will have the …

How a FinTech Company and a National Postal Service Reach the Unbanked

Mid-October, FinTech firm conta.MOBI, which provides payment account (including a free version), announced a collaboration with Correios, the …

Does Your Bank Need an Innovation Lab?

Traditional banking providers in the U.S. are falling behind in the innovation arms race that will define the industry for the next 20 years.

Foodpanda may roll out e-wallet, keeping pace with Hong Kong’s embrace of cashless economy

As part of a mobile payments push, Foodpanda could launch an e-wallet service for its food delivery business, according to a company executive.<p>Arun …

Top 10 Retail Banking Innovations in the World

Starving for some inspiration? Check out these fresh ideas from ten different financial institutions.

Challenger bank OakNorth says it just closed the largest funding round of any UK fintech firm to date

British challenger bank OakNorth said Friday that Singaporean sovereign wealth fund GIC would take a 10 percent stake in the firm.<p>The state-owned …

This UK fintech is taking on big banks with business loans — and one key EU law is driving it

A digital invoice finance platform in the U.K. will provide business loans to its customers for the first time, it was announced Wednesday.<p>Financial …

These two twenty-somethings convinced HSBC to work with their startup — here's how

LONDON — Fintech startup Bud is just two years old and has just 23 staff but has managed to sign a deal with HSBC, one of the world's biggest banks.<p>Bud also recently raised £1.5 million from backers including investment bank Investec and Spain's Sabadell Bank. Bud's founder and CEO Ed Maslaveckas, …

Banks should fear the financial prowess of Amazon rather than fintech firms, says McKinsey

The global banking industry is failing to respond to a growing digital threat, that could also be harnessed to ramp up profits, according to …

Jeff Bezos

UBA Group deploys AI-powered callback technology for instant customer response

<b>United Bank of Africa Group, (UBA) is going above and beyond the legacy banking systems to omni channel marketing and social media lead generation,</b> …

Customers

The Pulse of Fintech – Q2 2017

Goldman Sachs thinks fintech has as much potential as trading

Goldman Sachs has been pilloried for lackluster results from its trading division (paywall), so this week the bank gave investors a peek into its plans (pdf) for making more money. Surprisingly, the Wall Street powerhouse thinks it can generate as much revenue from online consumer loans—a market …

Markets

Big banks strike partnerships with technology companies as part of fintech wave

From rivals to allies, banks and disruptive internet majors in China are teaming up with each other in search of better synergy.<p>Bank of …

Bank of China

The disruptive forces shaping the future of financial services

Will innovation in financial services see banks successfully challenge the emerging models of small, smart fintechs? Will financial institutions …

Financial Services

Tech titans such as Facebook 'bigger threat to banks than fintech'

Amazon, Google and Facebook pose a much bigger threat to banks than financial technology start-ups despite concerns the latter are luring customers away, the World Economic Forum has warned.<p>The fintech sector, said to be worth around £7bn in the UK, has been a key area of focus for Chancellor …

Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services | World Economic Forum

For years Fintech has been the hottest topic of discussion in financial services, with incumbents, regulators, and consumers all asking the same …

Financial Services

The Great Disruption: A FinTech Snapshot

The technology underpinning the global economy is vast and intricate. The breadth of systems employed, the depth of their complexity, and the sheer …

Blockchain

Preparing For Disruption: Fintech And The Fortune 500

If you think the biggest innovations in fintech come from startups, then in many cases, you’re probably right. Despite being larger and better funded, Fortune 500 financial companies often fall short of their small and scrappy competitors that bring to life the “less is more” concept – operating at …

Financial Services

Skype billionaire Niklas Zennstrom and LocalGlobe back UK fintech startup Cleo and its Facebook AI chatbot for finance

The billionaire co-founder of Skype and one of the UK's top startup venture capital investors are backing a UK fintech behind a chatbot helping …

Credit Cards

The most significant fintech acquisitions of 2017 so far

According to KPMG’s Pulse of Fintech report, fintech VC activity in Europe has hit a historically high level for successive quarters. In Q1 2017, …

Aviva and Founders Factory are betting on these five fintech startups for artificial intelligence, blockchain and virtual reality expertise

Aviva is betting on virtual reality, artificial intelligence and blockchain when it comes to technology.<p>The insurer has unveiled the first five …

Your local branch has gone and you don't like online banking. What are your options?

Boasting a steam railway, an annual regatta and a castle, the small seaside town of Dartmouth in Devon provides just the idyllic escape beloved of holidaying families or retired couples.<p>But following the closure of the town’s Lloyds branch in March, and its HSBC last year, the town’s ageing …

Banking

The story behind the world's first cashpoint

The world’s first cash machine landed on a north London high street 50 years ago this week, transforming everyday banking for millions of people all over the globe.<p>On June 27 1967 the cash machine, installed outside a Barclays branch in Enfield, north London, was unveiled. Customers who needed to …

Misys boss to lead fintech giant after merger with DH

The boss of banking software firm Misys is to take the helm of a new £1.7bn company called Finastra that has been formed from the British company's merger with Canadian rival DH Corp.<p>Nadeem Syed has been named chief executive of the giant fintech business, which is owned by Vista Equity Partners …

Customers

Barclays' Techstars Is Quietly Building A Fintech Empire

Since the dawn of fintech, London’s historic financial hub has been the beating heart of the scene’s niche ecosystem. But in a post-Brexit economy, …

Fintech bill secures important backing

The Fintech Association (TFA) has thrown its support behind a draft bill on fintech, saying the law will help pave the way for infrastructure and …

What We Can Expect From The Future Of Hong Kong's Fintech Scene

One of the buzzwords in the startup community for the last several years has been “fintech.” This hot topic covers a broad subject area but the actual meaning of the term is often not fully understood. What is clear is that Hong Kong remains one of the most prominent financial centers in the world …

Financial Services

THE FINTECH PROFITABILITY REPORT: Why fintechs are struggling to turn a profit, and the hurdles they must overcome to see success

<i>This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.</i><p>Most fintechs, even the unicorns, aren't profitable.<p>Despite having innovative ideas and live products that are …

Profit