Bar Harbor Bank & Trust in core banking tech overhaul with Jack Henry
Bar Harbor Bank & Trust has implemented new core banking software, Jack Henry & Associates’ Silverlake, provided on an outsourced basis.
Mobile
Cashplus licence = new UK challenger bank
London-based financial services provider Cashplus is making the bold move into the challenger bank ring by unveiling its next move: applying for a banking licence.
Studio Bank starts up with CSI’s core and mobile banking
Tennessee-based Studio Bank has powered up in the US and selected Computer Services Inc (CSI) as its core and mobile banking technology provider. Studio, which filed its application to become Nashville’s “first newly chartered de novo bank in nearly a decade”, plans to use CSI’s NuPoint core processing solution for an omnichannel and “hyper-local” strategy. […]
German mobile challenger bank N26 expands to UK
Germany-based mobile challenger bank N26 will enter the UK market in the first half of 2018. According to N26, the UK is “one of the most advanced markets” in Europe in terms of digital payment methods. It says “non-cash payments and e-commerce are the accepted norm” and reckons there is a demand for a “fully-fledged […]
Personetics leverages AI to help chip away at student loan crisis
Cognitive analytics company Personetics has launched Personetics Act to offer banks a way to help customers repay their student loans ahead of schedule.
Top fintech stories this week – 3 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Lloyds, Halifax and Bank of Scotland hit by system outages
The customers of Lloyds, Halifax and Bank of Scotland have been affected by an online and mobile banking glitch that is preventing access to accounts or telling users they don’t have an account with the bank. The banks say their phone lines are back to normal, but online and mobile banking are facing “intermittent issues”. […]
Orange finally peels open mobile-only bank
French telecoms firm Orange has launched its delayed mobile-only bank as it looks to tap into its current customer base. As Banking Technology reported in January 2016, Orange outlined its plans for a new bank. While in April 2016, it made a significant stride in its mobile banking ambitions by acquiring a majority stake in […]
AsiaKredit launches consumer lending mobile app, pera247
AsiaKredit, a Southeast Asia digital consumer lender, has unveiled pera247 in the Philippines – its data-driven consumer lending platform mobile app.
First interactive mobile video banking solution comes to US
POPin Video Banking Collaboration is merging with BankOn Mobile Video by Financial Town to create “the first interactive mobile video banking solution” for credit unions, banks and other financial service providers in the US.
Three reasons Asia is the perfect incubator for fintech innovation
A report released last year by EY and major Singaporean bank DBS declared China the “undoubted centre of global fintech innovation and adoption”. And China isn’t the only Asian country making waves in the fintech sphere. Overall fintech investments in the Asia-Pacific region reached $10.5 billion in 2016 – the highest amount witnessed to date since 2010, according to CB Insights data.
Three of Australia’s largest banks partner to create payment platform Beem
Three of Australia’s largest banks, The Commonwealth Bank (CBA), National Australia Bank (NAB) and Westpac have partnered to create Beem – a new mobile peer-to-peer (P2P) payments platform.
CYBG brings next working day cheque depositing to mobile banking
Clydesdale and Yorkshire Banks (CYBG), through its digital banking service B, is launching new technology in November 2017 to enable customers to pay in cheques using its mobile banking app, B.
Nubank reaches out to Brazil’s underbanked with digital banking accounts
Brazilian fintech Nubank will soon be offering digital banking accounts in addition to its credit card business. The move will provide access to billpay, account-to-account transfers, and the ability to earn more in interest than is available with a regular savings account.
NYC public transport set to go contactless
New York to roll out a contactless fares system across its public transport network, based on the system developed by Transport for London (TfL).
JP Morgan Chase launches mobile app Finn for millennials
JP Morgan Chase has launched its new mobile banking app, Finn. Designed for millennials, Finn will allow customers to open a bank account, make deposits, track spending and set up a saving plan.
Compass Plus builds new mobile banking app for Lipetskcombank
Lipetskcombank (LKB), one of Russia’s largest regional banks, has launched its new LKB Online mobile app, underpinned by the Tranzware Mobile Banking system from paytech specialist Compass Plus.
Map: fintech landscape
A very detailed map of the current fintech landscape, produced by VentureBeat, listing hundreds of companies in the banking, payments, investments, financing, insurance, infrastructure and enabling technologies verticals.
Top fintech stories this week – 27 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Understanding consumer intent is the path to customer loyalty
Building loyalty means delivering convenience. But this means more than just delivering more sophisticated digital services. It means delivering a superior customer experience in every way the consumer interacts with your business.
AutoGravity partners with Global Lending Services
Citing the strong “alignment between car shopper and car dealer motivation”, Global Lending Services has forged a partnership with auto financing specialist AutoGravity.
How mobile compliance can ensure productivity is not compromised
Customers trust financial firms with their details, so to protect the highly-sensitive information organisations must adhere to security and compliance standards. However, this can be challenging for employees as the processes can interfere with day-to-day operations.
Fintech start-up Ualá targets Argentina’s unbanked with new mobile banking service
Argentina-based fintech start-up Ualá has launched a mobile banking service app to champion financial inclusion in the country.
Speed through the checkout with Pay with Google
Speed through the checkout on your Android device with Pay with Google, the latest payment API from Google.
“World’s first” full-featured virtual banking assistant on Facebook Messenger launched by ATB Financial
Canada’s ATB Financial says it has launched “the world’s first full-featured virtual banking assistant on Facebook Messenger” to the bank’s nearly 700,000 personal banking customers.
IBM and Zelle team up to advance P2P payments
IBM says it has launched an “industry first” solution to support the full lifecycle of peer-to-peer (P2P) transactions, from the back office of financial institutions to the mobile device.
Wirecard in mobile wallet integration with Apple Pay, Android Pay and Samsung Pay
Paytech company Wirecard has launched mobile wallet integration with Apple Pay, Android Pay and Samsung Pay in the US.
Standard Chartered and SuperCharger return for third cohort in Hong Kong
SuperCharger, a fintech accelerator in Asia, has unveiled the opening of applications for its third programme in Hong Kong.
Diebold Nixdorf IMS Conference 2017: differing digital dreams
Diebold Nixdorf’s IMS 2017 conference continued with Czech Republic based, Air Bank, and its chief marketing and product officer Jakub Petřina, with a presentation and a touch of déjà vu.
ITF to become “the world’s first fintech bank”
A new bank, Into the Future (ITF), is gearing up for launch in Hong Kong and Singapore. Among its investors is Jim Rogers, an American businessman based in Singapore and the co-founder of the Quantum Group of Funds (which he started with George Soros).
Efigence partners with Alior Bank and Telekom Romania to launch Telekom Banking
Alior Bank’s Romanian branch has teamed up with Deutsche Telekom Group’s Telekom Romania Mobile Communications to develop a new digital financial service. And providing the online exchange for this service is none other than Alior Bank’s long-time partner, Efigence.
Stash reveals plans to launch mobile-first banking service
Mobile-first investment platform Stash is about to go mobile-first in the field of online banking. The New York-based start-up plans to offer a variety of banking services for mobile-centric customers.
Kony to launch digital banking solution leveraging Daon biometrics
Enterprise application and mobility solutions company Kony unveiled a new digital banking platform and suite of apps.
Fintech funding round-up: 19 October 2017
Three of the latest stories in one for a fast fintech funding round-up. Features Paykey, Digital Asset, Santander InnoVentures and ePesos.
JP Morgan Chase acquires WePay
JP Morgan Chase has acquired WePay, a California-based paytech firm, which will function as the payments innovation incubator in Silicon Valley for the bank.
Sibos 2017: the future of money
What’s more valuable today, data or money? Today’s “The Future of Money” discussion at Sibos had “the new oil” – data – firmly in its sights.
Rambus and Eftpos team up to support Apple Pay in Australia
Mobile payments firm Rambus has teamed up with Eftpos, the Australian domestic debit network, to help support transactions with Apple Pay for users in Australia. Through integration with Rambus’ token service provider (TSP) technology, the firm says Eftpos is able to support Apple Pay. Chakib Bouda, CTO of the Rambus Payments Division, says: “This partnership […]
Diebold Nixdorf IMS Conference 2017: shaping the future of retail banking
Last week (12 October 2017) was Diebold Nixdorf’s latest seminar at the Okura Hotel in Amsterdam. Accompanied by representatives from ING, Franz Informatik and Forrester. The first conference of the morning focused on shaping the future of banking.
Old world aces new world
With sizeable market shares, China’s mobile payments giants Alipay and WeChat Pay are seeking international expansion. What’s next for the tech giants?
Daily News at Sibos 2017 – Day 3
Read our third Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!
