Finextra

Will COVID-19 Reshape Digital Banking?

Will COVID-19 Reshape Digital Banking?

The COVID-19 outbreak has brought about drastic changes in our lives, and by every measure we are going through a great crisis. It is natural to assume that the pandemic will be a turning point in modern history, and many experts argue that the world we are entering will be fundamentally different from the one […]

Read More
post thumbnail

Covid-19 Aftermath Will Bring Banks and Fintechs Together

Despite underwhelming past experience of bank/fintech collaborations, the current pandemic is likely to drive deeper relationships between incumbent banks and startups as legacy applications prove unfit for purpose in a digitally-empowered future.

Read More
‘Millennials Want Credit’ Says Ex-Visa Innovation Chief and i2c President Jim McCarthy

‘Millennials Want Credit’ Says Ex-Visa Innovation Chief and i2c President Jim McCarthy

The consumer of today is educated, digitally empowered and more than ever before, wants to make informed financial decisions. This requires financial players to provide a quick, efficient and barrier-free customer service that keeps pace with the dynamic transformations of this new era of payments.

Read More
Customer Growth and Deposit Balances Wane for UK Neobanks

Customer Growth and Deposit Balances Wane for UK Neobanks

Digital banking startups in the UK now cater to almost 20 million customers, but face a strenuous challenge to reach profitability in the face of slowing growth rates and a decline in deposit balances. Neobanks operating in the UK added more than six million new customers in the second half of 2019, ending the year […]

Read More
Coinbase Becomes Visa Principal Member

Coinbase Becomes Visa Principal Member

Coinbase has become the first pure-play cryptocurrency company to gain Visa membership. Coinbase launched its Visa debit card in the UK in 2019, enabling users to use one of up to ten cryptocurrencies for spending on everyday purchases. The card has since been rolled out to 29 markets worldwide.

Read More
A Segment of One: The New Reality

A Segment of One: The New Reality

Consumers now have access to all the information they need to define, compare and select the financial products and services that best serve their individual needs. As a result, financial institutions (FIs) who continue to offer cookie-cutter products will struggle to retain existing and attract new customers.

Read More
Hackers Hold Travelex to Ransom

Hackers Hold Travelex to Ransom

Hackers are demanding a ransom from Travelex in return for giving the foreign exchange bureau back control of its IT systems and customer data. On New Year’s Eve, Travelex was forced to pull the plug on its websites in 30 countries after discovering a software virus infection.

Read More
10 Customer Experience Trends That Will Impact Digital Banking in 2020

10 Customer Experience Trends That Will Impact Digital Banking in 2020

There are phenomenal companies that have achieved outstanding results in the banking and Fintech industry. Some of them are very well known, but most are not.

Read More
Top 10 Cybercrime and Online Fraud Predictions for 2020

Top 10 Cybercrime and Online Fraud Predictions for 2020

As a decade of online fraud fighting is drawing to a close, it’s time to think about the next decade Fraudsters were very busy this decade, coming up with an ever expanding bag of tricks, and we should expect them to give all of us good reasons to continue the fight.

Read More
Head of Chinese Crypto Exchange Disappears

Head of Chinese Crypto Exchange Disappears

The CEO of Chinese cryptocurrency exchange Idax has gone missing prompting fears that users of the platform have lost their virtual assets. On November 29th, an official announcement on the echange’s website announced that Lei Guorong had “gone missing with unknown cause and Idax Global staffs were out of touch with Idax Global CEO”.

Read More
Banks Have Lost a Quarter of the Payments Franchise to New Players

Banks Have Lost a Quarter of the Payments Franchise to New Players

Non-banks now account for a quarter of the institutions offering payment services or payment instruments, up from 14% in only six years, according to a fresh batch of statistics from the bank for International Settlements. The data comes from the Basle-based BIS’s annual Red Book report on payments and financial infrastructures.

Read More
Latest Trends in Mobile Banking Development for SMEs: E-invoicing and Ecosystems

Latest Trends in Mobile Banking Development for SMEs: E-invoicing and Ecosystems

The purpose of this text is to reveal how technologies can help banks outreach to SME customers and why the implementation of e-invoicing is one of the most strategically sound ways to start a financial services ecosystem. Or at least to keep the bank’s market rank.

Read More