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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.

Orange to peel open mobile-only bank in November

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French telecoms firm Orange is set to launch its delayed mobile-only bank in November as it looks to tap into its current customer base. As Banking Technology reported in January 2016, Orange outlined its plans for a new bank. While in April 2016, it made a significant stride in its mobile banking ambitions by acquiring […]

Webhelp acquires regtech firm GreenPoint

Webhelp gone shopping

Webhelp, a Paris-based customer experience and business process outsourcing (BPO) firm, has acquired fellow French tech company GreenPoint.

France is not making many friends with new tech tax idea

European Commission

The French Finance Minister has put forward new proposals to shake-up the tax set-up for technology companies who are based outside of the European Union, reports Telecoms.com (Banking Technology‘s sister publication). Under the current rules, internet giants such as Google or Facebook are taxed on profits which are generated in Europe, though French Finance Minister […]

Orange puts bank on hold as it struggles to get it right

No there yet

Orange has put the brakes on its ambitious plans to venture into the world of mobile banking after finding the proposition doesn’t quite meet the standards.

mBank moves into fintech vendor space with new digital banking system

mBank

Poland-based mBank has started to license its mobile and online banking system to other financial institutions outside Poland. The first taker is La Banque Postale (LBP) in France. The implementation will be carried out with the help of Accenture, mBank’s “strategic partner”. Alice Holzman, director of digital at LBP and lead of the bank’s New […]

Natixis Asset Management to test blockchain with FundsDLT

Natixis Asset Management

Natixis Asset Management has started testing the FundsDLT blockchain-powered platform for fund managers. The FundsDLT concept, announced last December in Luxembourg, is a collaboration between Fundsquare, IT firm InTech and KPMG Luxembourg. The platform will enable asset managers to sell funds through a new distribution channel, while doing all the other usual blockchain stuff – […]

Moneythor at heart of Crédit Mutuel Arkéa’s fintech start-up

max 4

French bank Crédit Mutuel Arkéa has chosen Moneythor’s analytical engine to be at the heart of “Max”, a personal finance assistant app for its new start-up Nouvelle Vague. Max is a mobile-only initiative of Nouvelle Vague, which operates in several cities in France (Paris, Bordeaux, Brest, Rennes etc). It will be available on 1 September […]

BNP Paribas and Carrefour give mobile wallets a Lyf

597px-Drapeau_de_la_France

France’s retail giant Carrefour and BNP Paribas have joined forces to launch Lyf Pay, a new mobile wallet that supports in-store and P2P transactions as well as loyalty cards, coupons and offers. Banking Technology‘s sister publication Paybefore reports that Lyf Pay originates from the merging of previous mobile payment technologies – Wa! from BNP Paribas […]

Travelex preps new challenger bank Ditto for launch

Ditto 1

New banks are appearing at the double – and Ditto, a France-based mobile-driven multi-currency bank, is the latest one getting ready to launch. Ditto, which is backed by foreign exchange company Travelex, has been built from scratch over the last two years and is “managed as a separate entity” from Travelex. Ditto is based on […]

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