#Smaller #financial institutions face a significant threat from the biggest #banks which have huge tech budgets to keep improving digital and mobile applications.
Financial Technology
Faster payments? Done and done, #Visa #says. #Mastercard’s coming integration with bank account-based payments processor #VocaLink will bring faster payments to Mastercard’s payments network in the United Kingdom, but Visa is not worried, according to company CEO Alfred Kelly, Jr. VocaLink, which processes about 90% of salaries in the U.K., according to company statements, will […]
Bank Innovation
Chinese e-commerce company JD.com just made the next move in its on-going #match with the #Alibaba Group. After reporting promising fourth-quarter results, including a 47% jump in revenue, JD.com also announced the #sale of its #finance arm JD Finance for about $ 2 billion (or 14.3 billion yuan). JD Finance will spin off on its own, but […]
Bank Innovation
It was only a matter of time before Tinder for balance-sheet #lenders and debt #investors became a thing. Financial matchmaking platform #Blackmoon launched this week in the United States. The platform is designed to help institutional investors access non-bank balance-sheet loans. The Russian marketplace Lending-as-a-Service platform is also adding a New York office to its international… Read More
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