#Payworks is bringing Chinese payment service #AliPay to the #European point-of-sale. The POS payment gateway provider has partnered with Ant #Financial in order to integrate the AliPay service with European acquirers, the companies announced today. This marks an expansion for AliPay in Europe. It first arrived on the continent in 2015. With the partnership, AliPay will […]
Bank Innovation
Ant #Financial’s acquisition of #MoneyGram is in trouble. For those which might have missed the beginning of this saga, Ant Financial entered into a #deal to acquire MoneyGram, despite the rival (and insistent) offers of electronics payments provider Euronet. The two companies then began the process of closing that deal, which included gaining approval from […]
Bank Innovation
#Financial advisors should be able to escape the rise of #automation and artificial intelligence with #jobs intact. That’s according to the data on the probability of computerization released by Carl Frey and Michael Osborne (reorganized into this helpful graphic from Bloomberg); which states that personal financial advisors have a 58% chance of computerization in the […]
Bank Innovation
The rise of #fintech startups and #financial services companies espousing financial #literacy programs, good financial health practices, and budgeting tools for consumers hasn’t changed one crucial fact: #underbanked U.S. households are #still underbanked. “I have seen a lot of [new] people in credit, but relatively little at the lower end,” Marla Blow, CEO and founder of […]
Bank Innovation
Ever walk away from an impulse buy cursing yourself for using the wrong card? There’s an app for that now–well, a #fintech. #Curve, a London-based fintech that currently allows users to aggregate multiple bank cards together using one physical card and a mobile wallet, is rolling out what’s been dubbed as its “#Financial #Time Travel […]
Bank Innovation
How do you serve the investor that’s never invested before? #Fiserv and #GoldBean have a solution. #Financial solutions provider Fiserv has partnered with digital investing startup GoldBean in order to bring #personalized, digital financial #advice to Fiserv customers, the companies announced today. “For the vast majority of people who have a wealth manager or an […]
Bank Innovation
Think the #financial world has finally recovered from the 2008 #crisis? Think again. Most #investors still count themselves as “influenced” or “strongly influenced” by the events of the financial crisis, according to the Legg Mason 2017 Investment survey released recently. #Millennial investor habits were most strongly affected, the survey of more than 15,000 global investors […]
Bank Innovation
#Financial optimism is hard to come by, especially for women in the workforce. #Less #than one-#third (29%) of women are currently “#optimistic” #about #their finances, according to the 2017 Workplace Benefits Report released today by Bank of America Merrill Lynch. This is compared to the 44% of male respondents who are currently feeling positive regarding […]
Bank Innovation
Consumers can now use their #Google credentials to make online and mobile payments via a stored credit card. The tech giant unveiled the tool yesterday, during its annual I/O developer conference in Mountain View, Calif. The service will act much #like a regular mobile wallet — of which there are an abundance &8212; with users to soon start […]
Bank Innovation
The massive #requirements of regulators will require that #financial institutions develop technical solutions.
Tom Groenfeldt – Financial Technology
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