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Payments round-up: 21 February 2017

Banking Tech 2

One is the loneliest number that you’ll ever do… so three stories in one will do better. Here’s a round-up of key events to save you time. Featuring Macquarie Bank, Apple Pay and more. The European Banking Authority (EBA) has relaxed its planned rules for increasing choice in how consumers pay for services and products […]

Everyone is a bank with Babb’s blockchain plan

Babb 2

London-based fintech start-up Babb App says it is creating a bank based on a “permissioned” blockchain implementation of a distributed ledger using Ethereum smart contracts. The Babb banking platform will operate a decentralised information model to “minimise costs while maximising data fidelity and security” – i.e. the usual suspects. It expects to do a soft […]

Kenya Bankers Association unveils real-time interbank switch

Kenya 1

Kenya Bankers Association (KBA) has launched its real-time interbank switch, PesaLink, and kicked off a phased rollout of the digital payments platform. The product has been in the making since 2013, when KBA member banks decided to create their own industrywide switch to rival the M-Pesa services. KBA vice-chairman John Gachora says PesaLink is “proof […]

Chase to launch new self-service mortgage platform with Roostify

Buying a mortgage

Chase is planning to launch a new self-service mortgage platform for its 43 million digital users, and will allow customers to digitally track their application – from start to finish.

Nordea Liv and Spiff collaborate for a new social savings app

savings-pot

Nordea Liv, a life insurance arm of Nordea, has worked with Norwegian fintech start-up Spiff to create a new app that will motivate customers to save money to reach goals.

Top fintech stories this week – 17 February 2017

Banking Tech 2

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

Mobile payments in the age of the customer

Mobile payments

The mobile payment market is getting more congested every day. For banks, it’s the most frequent touchpoint – one that can help (re) establish everyday relevance and drive engagement. How can banks develop their strategy and prioritise the capabilities that will help them remain valuable to their customers?

Joy for Bankjoy as three credit unions sign contracts

Joy for Bankjoy

Fintech start-up Bankjoy has signed three credit unions for its digital banking software: CommunityWide Federal Credit Union in Indiana; Advantage Plus Federal Credit Union in Idaho, and One Detroit Credit Union in Illinois.

Mobile money: the state of play

Mobile money

With mobile money technology widely available, and so many citizens having access to a mobile phone, how many are actually banking in this way? What are the benefits available to them when using mobile money? And what does the future hold for this fintech innovation?

This Virtual Piggy went to market for young mobile consumers

Virtual Piggy

US-based mobile banking firm Virtual Piggy will soon begin testing a mobile wallet for consumers aged 17 and younger, the latest move in the parent-supervised world of mobile payments, reports Banking Technology‘s sister publication Paybefore. The test, set for April, will involve a mobile payments platform that enables parents to supervise spending by their children. […]

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