#Chinese law makers suspended #regulatory approval for new micro-lenders in the region on Tuesday, as well as restricted new approvals, issuing a notice on the matter yesterday that sent U.S.-#listed Chinese stocks tumbling. The “top tier” government body’s notice told provincial governors to halt approval for new #online micro-lenders, according to a report by Reuters. […]
Bank Innovation
EXCLUSIVE – BNP #Paribas opened Chinese mobile payment service #WeChat Pay to its retail partners in Europe today. The payment solution will first debut at two flagships stores owned by retail conglomerate Galeries Lafayette Group in Paris. The plan is to gradually add WeChat Pay to all its other retail partners across Europe. The idea behind […]
Bank Innovation
EXCLUSIVE—The growth of person-to-person payment network #Zelle has been a key topic for #banks and additional financial institutions since the service officially rolled out a #year ago. As many companies reported their third quarter earnings for 2017, Zelle has been a reccurring topic not only at banks, but at payments companies, and other financial service […]
Bank Innovation
EXCLUSIVE—Mobile-first U.S. #bank #BankMobile will look to add new features to its platform through #partnerships with fintechs #after its #merge with #Flagship Bank is finished, the company told Bank Innovation. “We want to be able to partner with the best in breed, partner with other #fintech companies,” Luvleen Sidhu, co-founder and president of BankMobile, told […]
Bank Innovation
EXCLUSIVE- P2P is changing, as new entrants like Zelle come into the market, which means payments companies have a lot of #opportunities to hit or miss the #technology. One of the reigning P2P champions, #PayPal, is keeping its approach to this expanding market simple: by remembering that #cash is still king for the majority of […]
Bank Innovation
EXCLUSIVE – #Israel could likely be #next to #release #guidance on Initial Coin Offerings (ICOs), Bank Innovation has learned. The attention ICOs have received since the U.S. first announced its intention to regulate certain tokens through the Security and Exchange Commission in July is growing rapidly. Latest in the ever evolving ICO universe, Hong Kong’s Securities […]
Bank Innovation
Now that the Securities and Exchange Commission (SEC) has established that it will keep an eye on #ICOs, the question remains: will other regulatory bodies follow? Early last week, the SEC released a report iterating that the DAO violated the law for failing to register its cryptotokens as securities. The SEC’s statement is its first […]
Bank Innovation
#Dash #Wallet, based on the #cryptocurrency Dash, is now available in the iOS App #Store as of today, according to Dash, the company that operates the eponymous currency. The app store approval comes almost a year #after the Cupertino, Calif.- based #Apple denied Dash Wallet entry in its app store, in August 2016. The Dash Wallet-iOS saga offers an intriguing window […]
Bank Innovation
Two #days, 10,000 #customers, and a steady trickle of five-star reviews later, and the #launch of mobile finance management app #Clarity #Money appears to have had a good start toward its goal of giving consumers with more power over their financials. “There’s nothing like it on the market, and that’sRead More
Bank Innovation
Citi #Fintech kicked off its one-year anniversary this November through the #launch of its #Global API #Developer Hub, a platform that has developed 49 #APIs across eight usage categories #after just one #month of availability. “This was our foray into an open-innovation approach, which is something we’re seeing a lotRead More
Bank Innovation
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