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Top fintech stories this week – 16 June 2017

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

Zelle P2P payments network onboards new members

US prepaid consumers not happy

More banks and credit unions have joined Zelle Network, a new peer-to-peer payments platform in the US.

Redwood Credit Union launches mobile P2P payment service

Redwood Credit Union

California-based Redwood Credit Union (RCU) has launched a new mobile peer-to-peer payment solution, RCUPay. “RCU ends the IOU,” the credit union states.

Apple squares up to rivals with Pay Cash feature

Apple

Apple has unveiled Pay Cash as it looks to fight it out with PayPal, Square and Venmo in the overcrowded peer-to-peer (P2P) payments market. In a range of updates to its mobile operating system, iOS 11, new features to the iPhone and iPad are coming this autumn. Apple Pay users will be able to make […]

Fintech funding round-up: 2 June 2017

Good ideas can bring good money

The money’s rolling in for fintech – as this round-up follows hot on the heels from 30 May. This latest report features Zopa, RateSetter and Niyogin Fintech. The plans of peer-to-peer (P2P) lender Zopa to launch a new digital-only bank in the UK are going well as it has completed a £32 million funding round […]

Square Cash gets physical with companion prepaid card

Square

Square Inc has begun rolling out a physical plastic card for use with the company’s Square Cash P2P money transfer service – a move that could help differentiate the service from its competitors by making it easier for users to instantly spend funds they receive via transfer.

Zelle makes its presence known in P2P payments arena

Two US credit unions outsource core processing to Symitar

The recent performance of Zelle Network, the peer-to-peer (P2P) payments platform with the funny name, is no laughing matter for competing P2P providers.

Traity collaborates with Suncorp to launch a micro-insurance platform

Kevininsured

Kevin, Traity’s new chatbot, provides micro-insurance for P2P transactions online. Created in collaboration with Australia’s financial services conglomerate, Suncorp, Kevin protects buyers on online marketplaces such as Gumtree, Facebook and Craigslist.

Financial innovation – a lifeline for SME funding

Katrin Herrling, Funding Xchange

Financial innovation is unlocking additional funding for small businesses that have been declined by their bank. Katrin Herrling, co-founder and CEO of Funding Xchange, explores.

Blockchain incubator Adel unveils P2P retail banking network

Adel

Blockchain incubator Adel has unveiled its project framework for people to create a peer-to-peer (P2P) network in retail banking. The firm says it will work in the “same way as Airbnb and Uber revolutionised the hospitality and taxi industries”. “Anyone with a car can be a taxi. Anyone with accommodations can be a hotel. Anyone […]

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