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Citizens Bank Launches Citizens Access, An Online-Only Division

One of the nation’s oldest banks is trying its hand at one of the industry’s newest trends.<p>Citizens Financial Group, which has roots dating back to …

Banking

An Inside Look at How Cybercriminals Target Financial Services Banking Organizations

An Inside Look at How Cybercriminals Target Financial Services & Banking Organizations Presented by IntSights 60 minutes<p>Over the past year, financial …

Financial Services

MobiKwik launches ultra-short instant loan services on its app

Gurugram-based digital financial services platform MobiKwik on Wednesday announced the launch of instant loan services of Rs 5000 on its app, in …

FinTech

How automation in financial services could boost revenue by $512B

Intelligent automation drives revenue and efficiency in financial services firms, according to a Capgemini report.<p>The financial services industry is …

Financial Services

Citigroup, with limited options, hopes to lure deposits digitally

By David Henry<p>NEW YORK (Reuters) - Citigroup Inc is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from …

Bank of America

Litecoin Foundation Acquires 9.9% of Bank in Payments Partnership

Litecoin Foundation, the non-profit that supports the popular cryptocurrency, has acquired a near 10 percent stake in a German bank.<p>The deal comes as …

litecoinfoundation

MobiKwik introduces instant loan of Rs 5,000 on its app

MobiKwik, a digital financial services platform, has announced the launch of instant loans of Rs 5,000 on its app in partnership with Bajaj Finserv,

Financial Services

How FinTech Initiatives Are Driving Financial Services Innovation

It was on this date, July 11, in the year 1804 in Weehawken, New Jersey, that Alexander Hamilton, architect of the American financial system, met his fate at the hands of Aaron Burr. Some would argue that the financial services industry has changed very little since then. Change has some slowly to …

Financial Services

Paytm launches Forex card, cash services: All you need to know

<b>New Delhi</b>: One of India’s largest digital wallet services providers, Paytm, on Wednesday announced that it is finally launching Foreign Exchange …

FinTech

Future of Financial Services 2015 - Reports - World Economic Forum

How will disaggregating forces across the value chain change the insurance landscape in the future?<p>Connected cars, homes and lifestyles may still be …

Financial Services

Here’s why more Americans are using cash-transferring apps

A majority of millennials, Generation Xers and Baby Boomers are making digital payments online and with money-transferring apps.<p>Here’s one way that …

Apps

Ant Financial targets South America, Africa - Mobile World Live

Alipay parent Ant Financial is set to prioritise partnerships with mobile wallet providers in emerging markets outside of Asia, as it aims to capture …

South America

Handelsbanken, BankAxept and EVRY launch contactless payment from micro bank cards in wristbands

<b>Handelsbanken’s customers becomes the first in Norway to be able to pay contactlessly using a wristband thanks to entirely new micro format bank</b> …

FinTech

The 'instant' bank transfers that take more than two DAYS to arrive

Some "instant" payments which were made by people on Sunday have still not gone through two days later.<p>Banks and building societies use the Faster …

FinTech

Google Pay rolls out support for peer-to-peer payments and mobile ticketing

Google is making several updates to Google Pay, its recently-rebranded service for all its different payments tools. Most of these updates were announced earlier this year, but now, Google says they’re actually going live in the app.<p>One of the additions is peer-to-peer payments. You could already …

Google Pay

Top 10 New Blockchain Companies To Watch For In 2018

Almost every list I’ve read that aims to share information about the top crypto and/or blockchain companies to keep an eye out for, almost always includes Bitcoin and Ether. There’s only one problem with this–these aren’t new and most people know or should know about these. Therefore, these lists …

Blockchain

Ledger finally has a good app for its crypto wallet

French startup Ledger has been working for a while on a brand new app to manage your crypto assets on your computer. The company is designing and manufacturing one of the most secure hardware wallets out there.<p>While it’s clear that security has always been the first focus of the company, the user …

Apps

Corporate customers want retail’s bells and whistles, too

"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns.

Banking

Fintech friends: Monzo partners with TransferWise for international payments

“So what’s going on here then?” I ask. “Two good friends just got even better [friends],” replies TransferWise co-founder Kristo Käärmann laughing, while Monzo co-founder Tom Blomfield, who is also on the video call, smiles approvingly. “Sorry for spoiling your news,” I tell the pair, who I’m …

FinTech

'Alexa, Please Loan Me $100'

That is what readers could have envisioned when the news surfaced in March that Amazon has been in discussion with banks to create a checking account. This would represent another step for Amazon on its way to offering more financial products.<p>However, the big question most financial service …

fintech

Airwallex raises $80M for its international payment service for businesses

Airwallex, a three-year-old fintech startup focused on international payments for SMEs and businesses, is putting itself on the map after it raised an $80 million Series B round.<p>Based out of Melbourne, but with six offices in Asia and other parts of the world, Airwallex’s new funding round is the …

Hong Kong

Blockchain explained

Blockchain

Cash App makes splitting the check easy (50 Essential iOS Apps #34)

There are tons of ways to give money to a friend or family member. You could mail a check, hand them a stack of cash, or send it digitally. With the Cash App, sending money to someone is as easy as entering an amount, dropping in their $cashtag, and hitting send. While this is very similar to Apple …

Apps

This Week In Credit Card News: Debit Card Usage Plummeting; Some Citi Cardholders Getting A Refund

<i>More Americans are Giving Up on Debit Cards</i><p>Debit card use is declining in America. Since 2013, the percentage of households that use debit cards has dropped from 74% to 58%. Almost a third more households pay with credit now compared to five years ago. Many consumers prefer credit cards because …

FinTech

Square quietly withdraws bank application

The payments processor has pulled its submission to the FDIC to become a depository bank but says it plans to make a second attempt soon.

George Mason

Here's why you should be worried about the payment apps Chinese tourists use

In China, you pay for most things with a cellphone. Through mobile payment platforms such as Alipay and WeChat Pay, customers can scan a QR code in …

China

This Swedish Bank Is on a Hiring Spree, But Not for Bankers

SEB AB, one of Sweden’s biggest banks, is on a hiring spree to burnish its technology credentials as more financial services go digital.<p>Chief …

Financial Services

JPMorgan built an online bank for millennials, and it should have apps like Acorns and Stash worried

• <b>JPMorgan recently rolled out a mobile bank aimed at young millennials who don’t need branches.</b>• <b><br>I tried it out, and some of its features should worry</b> …

Financial Services

PayPal launches debit card for its mobile app Venmo

(Reuters) - PayPal Holdings Inc (PYPL.O) said on Monday it is launching a debit card for users of its mobile app Venmo in a bid to broaden its reach with younger users.<p>Venmo, which has been part of PayPal since 2013, is one of the more popular mobile applications for person-to-person payments in …

FinTech

Crypto Platform Uphold To Acquire NY-Based Broker-Dealer

Digital money platform Uphold announced on Wednesday that it will acquire JNK Securities, a New York-based broker-dealer.<p>But perhaps more importantly to the blockchain space, the platform that earlier this year started working with a wide range of cryptocurrencies has also filed an application with …

Cryptocurrency