Real-Time Payments Should Cover Half The US By End of 2018
#Banks and tech firms are moving ahead with real-time #payments in the U.S., with the encouragement of the Federal Reserve System.
Financial Technology
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FinTechs Are Surpassing Banks On Cross-Border Payments
TransferWise had launched a Borderless Account for people and companies that do business across national baoundaries.
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Malauzai Software: 2017 Slow Growth Rate for Mobile Banking Apps
A recent report by #Malauzai #Software showed that new app #growth #rate among #banks and credit unions has slowed down by 8% this year. This #slow down is an indication that the market is saturated, according to the report. Nevertheless, this year had the highest number of #mobile #banking #apps. The survey, which was conducted […]
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Big Five Canadian Banks Compete On Mobile Innovation But Lag On Service
The major #Canadian #banks have built strong #mobile platforms that can become the hub of their customers’ financial lives.
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UBS Virtual Currency Initiative Adds New Banks
A #virtual #currency #initiative led by UBS Group AG has gained six new members, including #banks Credit Suisse and Barclays, to further develop the initiative’s Utility Settlement Coin project. Other members joining the roster, announced yesterday, include HSBC Holdings, State Street Corp., Mitsubishi UFJ Financial Group, and the Canadian Imperial Bank of Commerce. The project, […]
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New Amex Debit-Like Features Seek to Entice Millennials
EXCLUSIVE—With the new “Pay It, Plan It” features announced this week, credit provider American Express is banking on a more debit-like functionality to gain customers. But will that approach work? While #Amex remains at the top of the credit stack in terms of payment volume, its market share has been declining as #banks like Chase and […]
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Customer Trust Is The Key For Banks To Build Long-Term Relationships
Javelin thinks #trust is the key to building long-term #relationships in banking.
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7 European Banks Form Blockchain Consortium For SMEs
A #consortium of seven #European #banks will use #blockchain #technology to provide trade finance for #SMEs.
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Blispay Seeks Partnership with Merchant Acquiring Banks
EXCLUSIVE — Point of sale financing provider, #Blispay is looking at partnerships as its next phase of growth. Founded in 2014, Baltimore-based Blispay provides point of sale financing for customers of small and medium-sized merchants. BlisPay’s CEO, Greg Lisiewski, told Bank Innovation that as the company focuses on scaling itself and adding more merchants to its […]
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Banks Will Replace Legacy Core In Stages, Says SAP
SAP, which once hoped for a Big Bang #core banking replacement, is now looking for piecemeal change with APIs and modules, perhaps provided in the cloud.
Financial Technology
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