https://www.finextra.com/ The Latest Financial IT Mobile & online banking Headlines Copyright 2023 Finextra Research Ltd en-GB contact@finextra.com (Finextra Contact) https://www.finextra.com https://www.finextra.com/finextra-images/site/finextra.png https://www.finextra.com/newsarticle/42371/nymbus-raises-70m?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42371/nymbus-raises-70m?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 26 May 2023 00:01:00 GMT Banking technology vendor Nymbus has closed a $70 million Series D funding round led by Insight Partners and joined by clients ConnectOne Bank and PeoplesBank. https://www.finextra.com/newsarticle/42345/natwest-soft-launches-softpos?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42345/natwest-soft-launches-softpos?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 22 May 2023 12:10:00 GMT NatWest is to launch Tap to Pay on Android, enabling businesses to accept payments with the touch of a card on their smart phone. https://www.finextra.com/newsarticle/42335/revolut-faces-reported-rejection-for-a-uk-banking-license?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42335/revolut-faces-reported-rejection-for-a-uk-banking-license?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 19 May 2023 11:13:00 GMT The Bank of England is planning to reject Revolut’s long-standing application for a banking license in the UK, according to the Telegraph. https://www.finextra.com/newsarticle/42317/gohenrys-co-founder--coo-on-keeping-course-under-acquisition-and-expansion?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42317/gohenrys-co-founder--coo-on-keeping-course-under-acquisition-and-expansion?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 19 May 2023 08:00:00 GMT Louise Hill, co-founder & COO of the children’s financial education app, GoHenry, recently sat down with Finextra to discuss developing financial resilience at a young age and their recent acquisition. https://www.finextra.com/newsarticle/42322/westpac-rolls-out-apples-tap-to-pay-on-iphone?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42322/westpac-rolls-out-apples-tap-to-pay-on-iphone?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 18 May 2023 00:01:00 GMT Westpac has rolled out Tap to Pay on iPhone, enabling merchant customers to accept payment with just a touch of a card on their iOS device. https://www.finextra.com/newsarticle/42303/uks-cashless-transition-under-the-microscope-as-payments-choice-alliance-pushes-back?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42303/uks-cashless-transition-under-the-microscope-as-payments-choice-alliance-pushes-back?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 12 May 2023 12:00:00 GMT The UK is gearing up to follow the footsteps of Norway and Sweden as an increasingly cashless society given the sparse usage of cash post-pandemic. London in particular has become a hub for online payments, with a significant number of retailers no longer accepting cash. The transition was intensified by the need to socially distance during the pandemic, as the usage of e-wallets and digital transactions has accelerated. https://www.finextra.com/newsarticle/42288/mastercard-taps-open-banking-for-digital-account-opening?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42288/mastercard-taps-open-banking-for-digital-account-opening?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 11 May 2023 00:01:00 GMT Mastercard has unveiled a digital account opening tool that uses open banking to integrate customer verification with identity insights into a single API. https://www.finextra.com/newsarticle/42272/ant-could-sell-stake-in-hong-kong-bank---bloomberg?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42272/ant-could-sell-stake-in-hong-kong-bank---bloomberg?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 08 May 2023 00:01:00 GMT Chinese fintech giant Ant Group could sell a stake in its Hong Kong virtual banking unit, according to Bloomberg. https://www.finextra.com/newsarticle/42250/weaknesses-in-bank-mobile-app-security-are-exposing-customers-to-fraud---which?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42250/weaknesses-in-bank-mobile-app-security-are-exposing-customers-to-fraud---which?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 03 May 2023 10:41:00 GMT Weak banking security measures are leaving customers dangerously vulnerable to fraud on stolen phones, Which? warns. https://www.finextra.com/newsarticle/42176/allianz-looks-to-offload-n26-stake-at-discount---ft?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42176/allianz-looks-to-offload-n26-stake-at-discount---ft?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 19 Apr 2023 12:57:00 GMT German insurance giant Allianz is looking to sell its five per cent stake in digital bank N26 at a sharp discount, according to the Financial Times. https://www.finextra.com/newsarticle/42128/phonepe-raises-a-further-100-million?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42128/phonepe-raises-a-further-100-million?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 12 Apr 2023 11:31:00 GMT Indian mobile payments company PhonePe has raised a further $100 million in an ambitious attempt to complete an ongoing $1 billion financing round. https://www.finextra.com/newsarticle/42125/mastercard-unveils-international-payments-tool?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/42125/mastercard-unveils-international-payments-tool?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 12 Apr 2023 00:01:00 GMT Mastercard has launched a tool that helps financial institutions set up international payments for their customers - including consumers and SMEs - in more than 60 currencies to over 100 markets. https://www.finextra.com/pressarticle/97012/cyprus-credit-union-picks-eltropy-for-digital-conversations-platform?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/97012/cyprus-credit-union-picks-eltropy-for-digital-conversations-platform?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 25 May 2023 23:00:00 GMT Eltropy, the leading digital conversations platform for community financial institutions, is excited to announce that Cyprus Credit Union has chosen Eltropy as its new partner to modernize the credit union’s digital communication strategy. https://www.finextra.com/pressarticle/96991/krungthai-bank-expenda-multi-year-deal-with-google-cloud?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96991/krungthai-bank-expenda-multi-year-deal-with-google-cloud?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 25 May 2023 11:03:00 GMT Today, at the Google Cloud Bangkok Summit 2023, Krungthai Bank, Thailand’s largest state-owned commercial bank, announced that it is expanding its multi-year collaboration with Google Cloud to accelerate open innovation and financial inclusion. https://www.finextra.com/pressarticle/96977/cba-refreshes-mobile-app?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96977/cba-refreshes-mobile-app?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 24 May 2023 12:00:00 GMT Commonwealth Bank has today announced a series of innovations and technological advances designed to strengthen and deepen the customer experience as increasing numbers of customers switch to digital banking. https://www.finextra.com/pressarticle/96957/dragonfly-launches-composable-digital-business-banking-options?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96957/dragonfly-launches-composable-digital-business-banking-options?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 23 May 2023 14:56:00 GMT Dragonfly Financial Technologies Corp., a digital banking and treasury management FinTech, today announced new deployment options for its Universal Online Banker platform to help banks quickly and efficiently deliver superior digital-first business banking services at scale and compete with FinTechs offering competitive solutions. https://www.finextra.com/pressarticle/96914/tietoevry-banking-launches-tap-on-phone-in-europe?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96914/tietoevry-banking-launches-tap-on-phone-in-europe?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 22 May 2023 09:15:00 GMT Tietoevry Banking has launched Tap on Phone - now available for partners and clients across Europe. https://www.finextra.com/pressarticle/96879/tyro-offers-tap-to-pay-on-iphone?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96879/tyro-offers-tap-to-pay-on-iphone?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 17 May 2023 10:22:00 GMT Tyro Payments (Tyro) is pleased to announce that its customers in Australia are now able to accept in-person contactless payments seamlessly and securely with Apple’s Tap to Pay on iPhone1 contactless payment acceptance technology using the new Tyro BYO App, starting today. https://www.finextra.com/pressarticle/96857/nubank-posts-record-q1-revenues?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96857/nubank-posts-record-q1-revenues?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 16 May 2023 13:55:00 GMT Nu Holdings Ltd. (NYSE: NU | B3: NUBR33), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its First Quarter 2023 financial results. https://www.finextra.com/pressarticle/96853/n26-launches-instant-savings-account-in-spain?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96853/n26-launches-instant-savings-account-in-spain?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 16 May 2023 13:04:00 GMT Today, the digital bank N26 announced the launch of its new N26 Instant Savings account in Spain, offering eligible customers with a Spanish IBAN 2.26% AER (2,26% NIR) on deposits with no conditions of permanence, no minimum deposit amounts required, no additional fees, and no need to have salaries paid directly into the account. https://www.finextra.com/pressarticle/96845/stratiphy-debuts-investment-app?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96845/stratiphy-debuts-investment-app?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 16 May 2023 09:35:00 GMT Investment strategy platform, Stratiphy, has announced the launch of its new investment application on the Apple App Store and Google Play. https://www.finextra.com/pressarticle/96755/charlie-launches-banking-service-for-americans-over-61?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96755/charlie-launches-banking-service-for-americans-over-61?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 09 May 2023 18:42:00 GMT Today, Charlie, the new standard for 62+ banking* services, launched nationwide. https://www.finextra.com/pressarticle/96730/bankjoy-and-larky-expand-partnership-to-boost-account-holder-engagement?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96730/bankjoy-and-larky-expand-partnership-to-boost-account-holder-engagement?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 08 May 2023 17:50:00 GMT Larky, the market leader of account holder engagement technology, and Bankjoy, an end-to-end digital banking provider, announce an evolution of their partnership to provide all Bankjoy clients with the benefits of Larky's nudge platform. https://www.finextra.com/pressarticle/96729/sagicor-bank-barbados-goes-live-with-mbanq-baas-platform?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/96729/sagicor-bank-barbados-goes-live-with-mbanq-baas-platform?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 08 May 2023 16:54:00 GMT Sagicor Bank Barbados, the English-speaking Caribbean’s first fully digital bank, has gone live for customers in Barbados. The launch was delivered by Mbanq, the USA-based fintech innovator and global Banking-as-a-Service (BaaS) provider. https://www.finextra.com/videoarticle/2641/the-customer-engagement-imperative-what-banks-can-learn-from-the-fintech-playbook?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2641/the-customer-engagement-imperative-what-banks-can-learn-from-the-fintech-playbook?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 10 May 2022 12:14:00 GMT Gareth Wilson, UK Banking and Capital Markets business lead, Capgemini & Elias Ghanem, Vice President and Global Head of Capgemini Research Institute for Financial Services, reflect on the growth of digitalization across the industry and a shift in customer needs. They discuss the challenges banks are facing as a result, what they should be investing in and leveraging to tackle this challenge, and how they can use data and AI/ML technologies to create superior customer experiences that drive growth. They also reflect on how positioning the CMO as a customer strategist and chief engagement officer can further enhance growth opportunities. https://www.finextra.com/videoarticle/2299/pinpointing-the-bits-that-matter-in-a-red-ocean-of-data?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2299/pinpointing-the-bits-that-matter-in-a-red-ocean-of-data?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 22 Jan 2020 09:00:00 GMT As consumer habits develop and evolve, the way banks operate and how they engage with their customers do as well. With banks under increasing pressure due to competition from innovative fintechs and changing consumer expectations, they must develop the way they target and appeal to customers and maintain a profitable personal relationship. https://www.finextra.com/videoarticle/2278/placing-the-emphasis-on-experience-in-banking?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2278/placing-the-emphasis-on-experience-in-banking?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 08 Jan 2020 10:00:00 GMT Lee James, CTO, EMEA, Rackspace, speaks about Digital Transformation and banking as a service, how both are providing better customer experience, ways consumers are managing their money better, the role cloud plays in this space and how it is likely to evolve. https://www.finextra.com/videoarticle/2277/improving-customers-financial-health?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2277/improving-customers-financial-health?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 18 Nov 2019 16:24:00 GMT Peggy Mangot, Senior Vice President and Head of Greenhouse Development, Wells Fargo & Company speaks at Money 20/20 USA about financial health, what banks have got wrong around helping their customers in the past, how to achieve better visualisation and how banks are using technology to improve their clients' financial health. https://www.finextra.com/videoarticle/2264/fiat-currency-20-counter-argument-to-the-cryptocurrency-narrative?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2264/fiat-currency-20-counter-argument-to-the-cryptocurrency-narrative?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 05 Nov 2019 11:18:00 GMT Tony McLaughlin, Emerging Payments & Business Development, Citi, speaks at Money 20/20 USA about the practical problems that still need addressing in the crypto-currency community, how Fiat Currency 2.0 will help fix payments as a counter balance to crypto and what challenges still exist around tokenisation and coins. We ask how this impacts the big techs and what regulatory, political and ethical concerns need to be addressed first before they achieve their own currencies. https://www.finextra.com/videoarticle/2259/combining-bank-skill-sets-with-those-of-fintechs-in-the-us?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2259/combining-bank-skill-sets-with-those-of-fintechs-in-the-us?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 04 Nov 2019 11:00:00 GMT David Reiling, CEO, Sunrise Banks, speaks at Money 20/20 USA in Las Vegas, about the new opportunities partnerships present for banks in the US, what different skill sets are brought together when banks are combined with the fintechs, how these help in the area of cyber security and those where customers are able to better manage their money. https://www.finextra.com/videoarticle/2246/finextratv--sibos2019--the-big-themes-3-regulation?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2246/finextratv--sibos2019--the-big-themes-3-regulation?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 18 Oct 2019 09:44:00 GMT FinextraTV reports from Sibos 2019 in London on the impact of Regulation on the industry. In this, final episode, we learn about how Banks are adapting to the changing regulatory landscape, whether the cost of compliance outweighs the value of innovation, what success in this space demands and whether regulation will be able to keep up with the pace set by the tech giants. Standard Chartered, Deutsche Bank, Nordea, LHV, KPMG and Crown Agents Bank are among the many leading institutions to share their views exclusively with Finextra Research. https://www.finextra.com/videoarticle/2239/adapting-to-the-experience-economy-together?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2239/adapting-to-the-experience-economy-together?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 15 Oct 2019 16:07:00 GMT Sumit Aggarwal, Head of Transaction Banking Services, Emarites NBD Bank & Robert Cummings, Global Head FSI Solutions, SAP, speak about the power of partnerships, how the industry is becoming less siloed, how SAP has transformed the Emirates brandin and the changing experience economy. https://www.finextra.com/videoarticle/2233/finextratv--sibos2019--the-big-themes-2-leveraging-data?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2233/finextratv--sibos2019--the-big-themes-2-leveraging-data?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 11 Oct 2019 14:46:00 GMT FinextraTV reports from Sibos 2019 in London on how the industry is Leveraging Data. In this, second of three Sibos reports, we learn about how Banks are increasingly looking to develop a more formal strategy to better manage their data, the challenges leveraging data helps overcome and some of the new and improved services that are coming to market as a result. Barclays, LLoyds, BAML, Natwest, SEB, DBS Bank, Westpac, JPMorgan, Standard Chartered, Société Générale, Nordea, ING, Emirates NBD, and Absa are among the many leading institutions to share their views exclusively with Finextra Research. Become a Finextra member now and be sure not to miss: Sibos2019 Big Themes: Regulation… https://www.finextra.com/videoarticle/2215/now-is-the-time-to-make-the-payments-world-real-time-swift?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2215/now-is-the-time-to-make-the-payments-world-real-time-swift?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 04 Oct 2019 14:08:00 GMT Harry Newman, Head of Banking, SWIFT, explores the reasoning behind exploding demand for instant payments, how SWIFT and its community is meeting this demand, and how cross-border payments will evolve moving forward. https://www.finextra.com/videoarticle/2212/how-instant-payments-are-revolutionising-cash-management?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2212/how-instant-payments-are-revolutionising-cash-management?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 04 Oct 2019 11:59:00 GMT Christof Hoffman, Global Head of Payments & Collection Products, Deutsche Bank, speaks about the demand for instant payment schemes globally, how the industry has welcomed Open Banking and APIs and the significance of Swift gpi. https://www.finextra.com/videoarticle/2207/how-transaction-banks-are-adapting-to-dynamics-affecting-the-industry?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2207/how-transaction-banks-are-adapting-to-dynamics-affecting-the-industry?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 03 Oct 2019 13:39:00 GMT Marc Recker, Global Head of Market Management, Cash Management, Deutsche Bank, explores the dynamics transforming the transaction banking landscape and their impact, how the industry is evolving to remain competitive, and the strategies Transaction Banks need to devise to remain successful such as partnerships and global standardisation. https://www.finextra.com/videoarticle/2203/finextratv--sibos2019--the-big-themes-1-the-impact-of-ai?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/2203/finextratv--sibos2019--the-big-themes-1-the-impact-of-ai?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 03 Oct 2019 11:55:00 GMT FinextraTV reports from Sibos 2019 in London on Artificial Intelligence in Financial Services. In this, the first of three Sibos reports, we learn about AI: the areas it is having the greatest impact, the challenges and concerns that surround it, and how the industry will use the technology in coming years. ING, Deutsche Bank, Bank of America Merrill Lynch, Crown Agents Bank, Standard Bank, SEB, Nordea and BNP Paribas are among the many leading institutions to share their views exclusively with Finextra Research. https://www.finextra.com/blogposting/24260/how-baas-is-helping-banks-and-fintechs-compete-in-2023?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/24260/how-baas-is-helping-banks-and-fintechs-compete-in-2023?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 24 May 2023 21:07:01 GMT Over the past decade, the fintech industry has experienced a significant surge, primarily driven by ... https://www.finextra.com/blogposting/24238/how-acquirers-are-offering-instant-funding-without-putting-their-balance-sheet-at-risk?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/24238/how-acquirers-are-offering-instant-funding-without-putting-their-balance-sheet-at-risk?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 22 May 2023 13:14:38 GMT There’s an all-too-common scenario that pervades the payments landscape: acquirers blindly falling i... https://www.finextra.com/blogposting/24242/from-crisis-to-opportunity-using-ekyc-to-transform-banking?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/24242/from-crisis-to-opportunity-using-ekyc-to-transform-banking?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 23 May 2023 06:09:52 GMT It’s no wonder financial institutions (FIs) are losing millions annually to fraud and money launder https://www.finextra.com/blogposting/24239/banking-as-a-service-baas-and-embedded-finance-innovation-for-todays-challenges?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/24239/banking-as-a-service-baas-and-embedded-finance-innovation-for-todays-challenges?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 22 May 2023 13:27:32 GMT Few could have anticipated the margin and deposit growth pressures financial institutions have sudde... https://www.finextra.com/blogposting/24265/banking-on-chatgpt--why-generative-ai-will-be-good-for-commercial-lending?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/24265/banking-on-chatgpt--why-generative-ai-will-be-good-for-commercial-lending?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 25 May 2023 16:19:37 GMT Ever since its launch in November 2022, OpenAI’s text-generating artificial intelligence (AI) chatbo...