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Top fintech stories this week – 18 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Physical containers – reused in novel ways. Does that include nextgen branch offices?

Shipping container reimagined

With standards as simple as what we see with shipping containers, creative folks will begin considering options for almost anything that can benefit from these containers being mobile. The user experience that today we enjoy with mobile devices has changed the very heart of today’s data centre even as we see on-premise IT moving to clouds. Couldn’t a case be made that such flexibility be embraced even more aggressively in the future and couldn’t that change the very way we view banking as it continues to transform?

CIBC goes it alone with new Simplii Financial banking brand

Fully digital mortgage now a reality in Canada

Canada’s banking group CIBC has unveiled Simplii Financial, its new direct banking brand, signalling the end of its President’s Choice (PC) Financial consumer banking business with retailer Loblaw. Mike Boluch, EVP, direct banking, innovation and payments, CIBC, says Simplii will deliver “straightforward, no-fee everyday banking” and offer services by telephone, online, or through mobile and […]

Mobile banking service Lunar Way fearless for feeless travel

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Denmark-based mobile banking service Lunar Way has launched its travel card – and the chance to experience the world without fees. Its newest feature, called the Lunar Way Travel Card, is its attempt to stand out in a world of roaming charges. Lunar Way says: “One area where the consumer has always been stung is […]

Singtel rolls out first virtual Visa card in Singapore with Wirecard

Singapore-listed stocks can now be traded in London

The most popular digital wallet in Singapore has rolled out the first virtual Visa card in the country thanks to a partnership between  technology group Wirecard and Singtel, reports Banking Technology‘s sister publication Paybefore. Singtel Dash, a mobile payments platform that enables users to shop, pay transport fares and remit money, is currently Singapore’s most widely […]

Urban FT throws Digiliti Money a life raft

Financial trouble in fintech paradise

Digiliti Money may be able to breathe a much-needed sigh of relief after a tumultuous few weeks, including declining revenues, appointing an interim CEO and the delay of its Q2 earnings report, writes Banking Technology‘s sister publication Paybefore. The Minneapolis-based company, which sells mobile financial services app technology, has an offer on the table from […]

Samsung to power biometric authentication pilot for Bank of America

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Samsung will launch a pilot programme that enables Bank of America (BofA) customers to log into their mobile banking app by taking a picture of their eye, reports Finovate (Banking Technology‘s sister company). According to a report from American Banker’s Penny Crosman, half of BofA’s customers are using fingerprint authentication to log into their app, […]

Alipay taps Yelp to enrich Chinese travel experience

Alipay's march across Europe continues

Alipay has inked a slew of partnerships lately. The latest deal for the Chinese app is with Yelp and connects local businesses with Chinese travelers, a move that’s likely to boost loyalty and transaction volume in one fell swoop, reports Paybefore (Banking Technology‘s sister publication). The partnership connects Yelp’s local content to millions of Chinese travelers […]

White paper: digital trust is transforming online and mobile banking

Digital Trust by Vasco

Banks are beginning to re-align their internal processes and external-facing products to take advantage of, and more fully realize, the potential of digital transformation. One of the biggest challenges they come up against in this pursuit is how to balance customer experience and security. In other words, implementing a framework that accounts for all the […]

Is Prosper prospering?

Too much debt

Peer-to-peer (P2P) lender Prosper released its second quarter earnings recently, just days after the company shuttered its consumer-facing bill management system.

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