As U.K. consumers become ever-more open to digital banking, the range of services offered by digital-first banks has been expanding to meet that demand. But depending on the products and services offered, traditional banks have not completely lost consumers to disruptive FinTech players, as consumers’...
Mana Interactive, a FinTech serving gamers, has gone live with The Mana Banking App, Checking Account, Debit Card and Rewards Program, a press release said. Mana provides a checking account and debit card offering a rewards program for gamers, which will offer prizes for time...
The displacement of traditional banks’ dominance in the delivery of financial services has been one of the defining characteristics of the FinTech boom of the 21st century. But while digital banks are popular, consumers generally keep a traditional bank account, too, and in the battle...
If the Middle East was late to the neobank party, the United Arab Emirates, at least, is making strides toward the future of digital banking. In an interview with Jayesh Patel, CEO at UAE-based neobank Wio Bank, he said that the new platform emerged out...
In the bid to change financial services, to broaden financial inclusion, the promise of challenger banks was that they’d upend the way financial products could be designed and could come to market. But the challengers have some challenges of their own, as Mike Cagney, CEO...
The appetite for digital banking has accelerated in recent years, giving rise to a new generation of challenger banks and FinTech players that are disrupting the traditional banking space with often cheaper, faster and more efficient solutions. But as Tyme Co-Founder and CEO Coen Jonker...
The Bancorp Bank is dropping its Delaware charter to become a national bank and is now regulated by the Office of the Comptroller of the Currency (OCC) as the financial services firm relocates its headquarters from Wilmington, Delaware to Sioux Falls, South Dakota. President and...
WayaPay, which describes itself as a Kenyan FinTech based in the United States, says it has launched its full-service digital bank and money-transfer app tailored to the needs of immigrants from Africa. Kenya’s ambassador to the United States, Lazarus Amayo, joined in the launch festivities...
For NCR Corp., the goal is to capitalize on the continued shift to digital banking. Underpinning its newly-announced split into two independent companies, we see some other shifts taking root: A shift from roots as a hardware-centric vendor towards software and a shift from manufacturing...
