United Trust Bank launches facial recognition ID verification
The new system takes only 90 seconds to complete.
Consumer/Personal Finance
Tax app untied receives authorisation from FCA
It can take full advantage of open banking.
Honcho lands spot on Tech Nation fintech accelerator
The firm launched into the car insurance market this month.
New exchange fintech Currensea goes live in the UK
The card allows users to save on foreign spending.
Why has mid-market lending stagnated in banking?
One potential fix for this issue is the use of machine learning fintech.
Facebook’s Libra seeks payment system licence from Swiss regulator
The association also submitted a request for a ruling to clarify its regulatory status.
DN Intersect 2019: Apple Card to be “most successful bank account launch in history”
“If you don’t go mobile […] then you’re going to look like Nokia,” says Richard Crone.
iSunOne to build world’s first Islamic blockchain financial system
The firm will work directly with the Malaysian government.
US Bank acquires Talech to help drive digital transformation
The deal enhances the bank’s digital services for SMEs.
DN Intersect 2019: Forrester insists digital is “the least important” for customer loyalty
The research publisher says human interaction is “the most important” factor.
Three top Aussie banks back start-up that banishes paper receipts
The start-up, Slyp, is founded by two former PayPal executives.
bunq: A bank built by coders
Martin Whybrow catches up with founder, Ali Niknam.
Spendesk raises €35m in Series B funding
The French company plans new offices in London and Berlin.
Xinja lands full Aussie banking licence
It is the country’s first independent neobank to receive a full licence and open accounts.
PRA grants Allica its banking licence
It’s now planning for a full launch and will ultimately offer working capital solutions and cash management.
Taking on the apps
How can big finance ready itself? Find out the five steps that can help.
ING teams up with Dutch supermarket and US tech start-up
The bank is piloting a cashierless store at Albert Heijn in cooperation with AiFi.
Monzo to follow gambling block with merchant version
The challenger bank aims to help people reduce negative spending habits.
Revolut withdraws banking licence application in Luxembourg
It needs regulatory approval from an EU27 state to maintain EU single market access post-Brexit.
First UK fintech consumer panel launched in Scotland
Consumers will innovate alongside the entrepreneurs.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Happy Money raises $70 Million in Series D round
The fintech evaluates “happy” and “sad” spending patterns.
Nordic API Gateway first Danish fintech to land PISP licence
The fintech will offer A2A payments to its online retailers.
Seven mobile paytechs form new association
It will “win back lost terrain in the payments space” for Europe.
PNC launches fintech start-up inside the bank
The first development has been indi, a mobile phone-based bank account for gig workers.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Mobile technology enabling financial access to millions
Zenka is challenging its competitors and courageously conquering the Kenyan lending industry.
DSK Bank fined for data breach affecting over 33,000 clients
The breach exposed full names, addresses, copies of ID cards, bank account numbers and property deed data.
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Carlsberg Bank – probably the best digital bank in the world
Banks need to identify new segments and go beyond banking
Link reveals plan to protect free ATMs
The pilot scheme starts with the Scottish town of Durness.
Experian A/NZ acquires Australian fintech Look Who’s Charging
The deal will bolster Experian’s open data offering in the region.
RBS and NatWest websites’ problems fixed – for now
Both sites have been showing a 502 Bad Gateway error.
Horizon Credit Union is becoming a bank from 2 September
“Regrettably, many people don’t know what a credit union is, who can join and what they do”.
Raisin to offer pensions with acquisition of Fairr
It will be the first online marketplace to offer savings, investments and pensions.
PAI acquires Eclipse Cash Systems
The deal takes PAI’s network to over 90,000 ATMs.
CaixaBank to release biodegradable cards
The bank will roll out150,000 of the cards each year.
How Laybuy seeks to attract global Gen Z market
Laybuy asks for no interest and brands itself as “ethical”.
Barclays customers suffer most internet banking incidents
There were 21 operational and security incidents within a year.
Selangor government unveils one-stop digital payments platform
Citizens will be able to make payments to agencies at all levels.
