The RTP #network now has 29 participating financial institutions which can reach 53% of demand deposit accounts in the U. S. Consumer and business customers can now receive #payments directly into their accounts with real-time receipt confirmation and nearly instant availability.
Financial Technology
PREMIUM — The #German #challenger #bank N26 surpassed one #million #users, the bank announced yesterday — a significant feat for any neobank. The bank has doubled its customer base since last August. To put this in perspective, U.K.-based challenger bank Revolut, which just last month reached unicorn status thanks to a $ 250 million series C […]
Bank Innovation
Most #cards across the globe are EMV-chip enabled, according to a report by EMVco. According to the report, released yesterday, the #number of EMV-chip enabled cards in global circulation increased by 1 billion in 2017. In that year, there were about 7.1 billion EMV-enabled cards in circulation, the report showed. This year there will likely […]
Bank Innovation
EXCLUSIVE – PFM platform #MoneyLion now has two million customers on its app. That number is a milestone for the #fintech that launched a little over four years ago. Back in November, Bank Innovation reported the New York. -based personal finance app’s #user base to be 1.5 million. Considering that number that’s over 500,000 users […]
Bank Innovation
EXCLUSIVE – If the future of banking is partnering with #fintech #startups, then finding the most innovative and efficient fintechs becomes crucial for #banks’ success. This demand has led to the rise of third-party run #accelerator programs. One such program is Little Rock, Ark.-based The Venture Center’s FinTech Accelerator program, which is backed by financial […]
Bank Innovation
Consumer #card transactions will overtake cash transactions for the first time in 2016, according to global research firm Euromonitor International. Cash is expensive to manage and is extensively used in the underworld. “A less-cash society would be a fairer and safer place,” Kenneth Rogoff, a professor of economics at Harvard, wroteRead More
Bank Innovation
#Debitize, a startup helping millennials build #credit without using credit (we’ll explain), reached a significant milestone last week and released a new product this week. The milestone is $ 1 #million “debitized.” Users of the service essentially treat credit cards as if they were debit cards, and pay off balances through Debitize beforeRead More
Bank Innovation
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