The expectation for P2P payment apps is more than just payments. As the U.S. market gets saturated with various P2P apps, consumers are demanding that Venmo or Apple Pay or whatever platform they are using provide them with some #money–#management capabilities as well. Even at major #fintech conferences such as Finovate in Santa Clara, Calif., […]
Bank Innovation
Global #money transfer service #WorldRemit is launching in New #York, providing state users the ability to transfer funds to nearly 150 countries, the company announced yesterday. There are 4.5 million immigrants in New York, according to WorldRemit, which the company is focused on: the service allows users to send money internationally without the need to …Read More
Bank Innovation
EXCLUSIVE— Banking, like so many other industries in today’s world, is facing a diversity problem: and, just like the engineering or technological fields, the problem only gets worse the higher in the #company one goes. While companies are making concentrated efforts to hire more #women in entry or manager level positions, women in the C-suite …Read More
Bank Innovation
Japan’s #cryptocurrency #exchanges have reported a total of 669 suspected #money #laundering #cases to the country’s National Police Agency, according to a #report by Nikkei Asian Review. #Japanese cryptocurrency exchanges have been having a rough time lately with a major hack ($ 550 million) and some major technical glitches – one that almost cost one exchange …Read More
Bank Innovation
Startup #Varo #Money has raised $ 45 million for its plans to #become a full-fledged, “#national #bank,” the startup announced yesterday. The funds will go towards marketing its service as well as for laying “the foundation” to become a bank, company CEO Colin Walsh told TechCrunch. Varo, a mobile banking startup that provides an FDIC-insured bank […]
Bank Innovation
EXCLUSIVE- Emerging markets-focused #money #transfer app #WorldRemit has raised another #round of #funding, bringing the total amount to $ 220 #million. The new Series C funding of $ 40 million was led by LeapFrog Investments, a PE firm that focuses on Asian and African markets. Other investors include California-based investment firms Accel and TCV, both of whom […]
Bank Innovation
UK challenger bank #Virgin #Money has plans to step into small business banking with an SME #account to be launched in #2018, according to the bank. The account will be launched in January of the new year, bank CEO Jayne-Anne Gadhia said yesterday, adding that the account will “enable us to start developing relationships with […]
Bank Innovation
EXCLUSIVE — PFM app #Clarity #Money is keeping up the #growth it started at the beginning of the year, announcing more than 500,000 users of its app just under seven months after its launch. Clarity’s growth can be attributed to its strong partnerships with other financial institutions, as well as with the Apple ecosystem: for […]
Bank Innovation
#Ripple is attracting attention from some #banks, and hiring some staff from SWIFT.
Financial Technology
#Ripple is attracting attention from some #banks, and hiring some staff from SWIFT.
Financial Technology
Reply