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Obsidian and Arroweye reward consumers for shopping local with prepaid cards

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Obsidian, a Colorado-based organisation that encourages consumers to shop local in their home community, has selected Arroweye Solutions for its Local First Card programme.

Nymbus unveils digital banking platform, SmartDigital

Nymbus inks new core banking software deal

Banking software start-up Nymbus has launched its digital banking platform – SmartDigital – offering open architecture and APIs to enable financial institutions to integrate with third-party applications.

Univision Mastercard prepaid card hits Walmart shelves

Univision prepaid card

Univision Mastercard prepaid card is now available in approximately 300 Walmart stores in California, Texas and Florida. The move is part of the brand’s ongoing expansion into retail spaces in prominently Hispanic regions.

Nacha’s American API payments dream pushes on

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Nacha, the backbone for the electronic movement of money and data in the US, and its Payments Innovation Alliance (PIA), have named the first five APIs for their big payments push. The API Standardization Industry Group, created in spring 2017 and sponsored by Nacha’s PIA, is working to further efforts to standardise the use of […]

Infographic: the world’s most cashless countries

Cashless Infographic

What countries among the 20 largest economies are adapting quickest to using cashless systems like phones and contactless cards? New research (and nifty infographics) from global trading site Forex Bonuses reveals that Canada takes the top spot, narrowly edging out Sweden for the top position.

CFPB finalises US small-dollar lending rule

Finastra gains three US clients

The US Consumer Financial Protection Bureau (CFPB) has finalised its small-dollar lending regulation, which requires lenders (in many cases) to determine upfront whether people can afford to repay their loans, reports Paybefore (Banking Technology’s sister publication). “These strong, common-sense protections” cover loans that require consumers to repay all or most of the debt at once, […]

Top fintech stories this week – 6 October 2017

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

Navient’s $155m acquisition shows the importance of being Earnest

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US asset management firm Navient will acquire education finance company Earnest for $155 million in cash as it hunts out new markets. As part of Navient, Earnest will continue as a “distinct brand” and will be led by its current management team, including founders Louis Beryl and Ben Hutchinson. Navient says Earnest clients will continue […]

Barclays US tests personal finance tool

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Barclays US is dipping its toe into the financial health business, testing a personal financial management tool that aggregates all of a customer’s Barclays credit cards, personal loans and savings products – as well as accounts with other banks – in one place, reports Banking Technology‘s sister publication Paybefore. This new service, My Personal Bank, which […]

Voleo and Nasdaq to launch equity trading competition

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Social investing platform Voleo has teamed up with Nasdaq to launch its Voleo Equity Trading Competition – with winning investors and investing teams getting $10,000 in real cash portfolios, reports David Penn at Finovate (Banking Technology‘s sister company). “The goals of the competition are to improve financial literacy, to break down the knowledge barrier, and […]

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