The growing interest of mainstream businesses in digital assets is a turning point of sorts for this new asset class, signaling a new era of legitimacy for these digital currencies and the blockchain technology they ride. Turning that interest into adoption at scale requires a...
The only thing rising faster than digitally connected banking is the increasing consumer expectations that surround those services. In the latest Digital-First Banking Tracker, Ally Financial's Sathish Muthukrishnan discusses how tools such as virtual assistants and wearable devices can help close the gap.
Perfinal, the Hungarian core banking provider, says its new platform will be ready for central bank digital currencies (CBDCs), a press release says. The new platform will allow bankers in non-tech roles to make EMIs or neobanks. It will let CFOs visualize financial elements and...
Bottomline, which provides financial technology to simplify business payments, has announced a new application programming interface (API)-based payments tracking service, according to a press release. The service will integrate SWIFT gpi data, which is captured on behalf of Bottomline clients and integrated to their payments...
London-based FinTech company Monzo has pulled back its application for a U.S. banking license, according to a Monday (Oct. 4) report from CNBC. The withdrawal from U.S. operations comes on the heels of a recent phishing incident involving a fraudster who used a Monzo account...
An independent investigation set up by the Competition and Markets Authority (CMA) found that the Open Banking Implementation Entity (OBIE) has had poor governance and didn’t stop bullying and intimidation of staff, Reuters writes. The inquiry into OBIE was called a year ago, looking into...
British bank Virgin Money UK Plc is closing almost one-fifth of its branches in the next few months to ramp up its digital and mobile presence, according to a Bloomberg report Thursday (Sept. 30). Virgin Money released a statement Thursday that said there are 31...
The U.K.-based digital bank Starling plans to offer its Banking as a Service across Europe, including France, Germany, the Netherlands and Spain, in the first half of 2022, according to a Crowdfund Insider report on Wednesday (Sept. 29). “Starling as a Service” will allow companies...
What started six years ago as a pre-paid debit card making it easy for customers to use their debit card anywhere in the world, in whichever currency they like, has evolved into a billion-dollar challenger bank that is now worth more than 53-year-old NatWest, one...
