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App it. The future of banking

Paul Rippon, Monzo

This morning I was having breakfast with a colleague. I paid the bill, and he sent me his share of the bill using our Monzo app. Before we’d walked out of the café, the money was in my account. Simple!

The app economy is real, because our time is just too important

Source: Telecoms.com

Many famous faces have decorated our notes over the years, but just like the cheque, cold, hard cash is living on borrowed time.

Western Union app integrates Apple Pay

Apple Pay

US-based users of Western Union’s mobile app now can use Apple Pay to send money from within the app domestically, or to more than 200 countries. App users also can make domestic bill payments via Apple Pay.

BankMobile to be sold this quarter; delays relaunch of mobile app

Who will buy BankMobile?

BankMobile, a mobile-only bank launched by Customers Bancorp two years ago, is expected to be sold this quarter, according to Customers’ president and CEO, Jay Sidhu.

Isbank launches first P2P money transfer service in Turkey

isbank

Turkey’s largest bank Isbank has launched a new P2P money transfer service, called “social account”, available for the “first time” in the republic. The launch quickly follows on from the release of its new app, IsCep, to allow “for the first time” banking and stock exchange transactions through one application with real-time data. With the […]

How to keep mobile app users engaged

Everyone's on their smartphones these days. How good is your app?

With two thirds of people now owning a smartphone in the UK, demand is high amongst consumers to have connectivity at their fingertips. Add to this the fact that 39% of adults have at least one banking-based app, and it presents a real opportunity for banks to serve engaging content to the many consumers who are […]

Santander targets “WhatsApp generation” with KiTTi mobile app

KiTTi is all about friends organising things like holidays

Santander has launched a group money management app called KiTTI, which is a virtual ‘cash kitty’ that allows groups of people to create a collective pot of money using a mobile app and a prepaid contactless MasterCard.

Ex-Deutsche Bank head trader launches investor app

Kerim Derhalli has launched a new app that he says will help traders to gain expertise

A new app-based social network that uses gamification concepts to train traders and help them to hone their skills has been launched by a former Deutsche Bank trader.

Alpha Payments Cloud to “revolutionise” payments

APC plans to provide a centralised payments hub where banks, merchants and payment service vendors can interact

A new payments service aims to change the way banks, merchants and payments providers interact with each other by using cloud technology.

Bloomberg embraces “disruptive” new ideas on App Portal

Bloomberg is encouraging third party developers to build innovative apps for traders

Bloomberg has released Bloomberg App Portal, a feature it says will help financial services companies to build and share new apps that will revitalise the industry.

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