Convenience is more important than ever in banking today, with the pandemic continuing to drive consumers’ exploration of new payment methods and technologies. Contactless payments via smartphones skyrocketed in 2020, and this trend is expected to continue. One study projected that there will be 49 billion...
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.
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...
