Some U.K. FinTechs have accused various credit card issuers of not giving customers full access to their own data and costing consumers “millions.” In a letter to City minister Andrew Griffith, Gavin Shuker, CEO of credit card management startup Cardeo, said that the 14.5 million...
In the technological transformation of payments, it is often the smallest economies that are the last to modernize. At the same time, international payment rails and monetary infrastructures tend to focus on the most widely used currencies before turning their attention to smaller, more obscure...
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...
