Venmo shines brightly in debit card roll-out
The card’s beta is now closed, and the public roll-out has started.
Mobile
UAE digital payments start-up Foloosi fires up
New firm offers cashless transactions through a digital wallet.
Stellar to acquire crypto firm Chain for $500m
Stellar is more interested in the developers rather than its technology.
French savings firm Cashbee preps for flying launch
Offering automated, digital cash deposits and savings.
Standard Bank SA faces IT crash, again
ATMs and online platforms were affected, according to reports.
Monzo taps TransferWise for in-apps international payments
16 foreign currencies available, and more to come.
BBVA launches facial recognition payments
All part of its “invisible payments” strategy.
Double up with Starling’s joint account
A mobile application for openings and break-ups.
Lloyds banking app crashes over weekend
Saturday not so sweet for Lloyds, TSB, Halifax and Bank of Scotland.
Biometrics firm Veridium touched by $150,000 grant
The grant is funded by the Bill and Melinda Gates Foundation.
PayPal gets anti-fraud ability with $120m acquisition of Simility
Buys fraud prevention and risk management platform.
National Bank brings NFC mobile terminals to Canada
Canadian Mobeewave provided security and encryption.
IBM criticism brings more blues to TSB tech issues
Big Blue says go-live criteria to prove production wasn’t ready.
Billshark and Payrailz go bill busting
Billshark negotiates with service providers to find the best possible terms for monthly bills.
Hyperactive PayPal acquires Hyperwallet for $400m
Gives it more payment solutions to e-commerce platforms and marketplaces.
FCA reveals financial strife of urban and rural life
It’s mainly obvious, but explained in depth.
Oval Money shapes up nicely with Intesa Sanpaolo backing
Italian bank also takes stake in the automated savings platform.
Visa reveals over 5m payments affected by June outage
Half of which were in the UK.
NorthOne launches free invoice app
An app for small business owners, entrepreneurs and freelancers.
PSD2: customer loyalty and bespoke, behavioural open banking
We talk to Yoyo Wallet’s co-founder, Dave Nicholson, about open banking, PSD2 and … PSD3.
Contactless conquers cash in UK clash
UK Finance says convenience of debit card payments puts cash in second place.
UK start-up Yulife to bring life to insurtech
The neo-insurer will incorporate AI and behavioural science.
Mobile banking app preps for Amaiz-ing UK launch
The website offers a free payment account without expiration date.
Monzo brings unconditional love to conditional actions
The new Applets automate actions based on users’ own pre-set conditions.
Brazil’s Nubank storms to 1.5m digital account openings
Reaches milestone in six months.
Visa Canada puts finishing touch on Finn AI’s chatbot banking
“Where is the closest ATM?” or “Please cancel my card”.
Dorsum unveils new wealth management app with AI support
Gamification and education features help users learn about their investments.
ING and AXA to build digital insurance platform
Offering insurance solutions to ING customers in six markets.
Insurtech start-up Kakau inks two deals in Brazil, eyes Europe
Kakau onboards American Life and Societe Generale in Brazil; plans to enter Europe in 2020.
Truecaller buys Chillr for Indian mobile payments thriller
Acquisition builds on Truecaller Pay, which was launched last year.
PSR calls for feedback on data in payments
UK’s Payment Systems Regulator is listening.
Starling Bank adds gambling blocker to its talent locker
When the fun stops, stop. Or use this new blocker technology.
PayStand expands to Canada
Its digital platform will support domestic B2B commercial payments.
NatWest trials cardless payments for swift shopping
No need to use debit or credit cards.
US Department of Homeland Security awards contract to iProov
iProov’s tech to support border security for the US Customs and Border Protection (CBP).
Mastercard tackles faster payments in the UK, smart watches and open banking
Mastercard reaches out to Starling Bank, NXP, and prepares for open banking.
Signicat and Mitek join forces in digital onboarding drive
Signicat and Mitek team up to create a solution for Europe-based financial services providers.
Banking Technology June 2018 issue out now
A sublime eternal tune to the rhythms of fintech.
OCBC Bank in Singapore’s first instant account opening
You can now open an account with OCBC in Singapore in less than five minutes online.
Banking Technology Awards 2018 now open for entry!
Recognising excellence in the use of IT in financial services.
