p2pRSS

IBM and Zelle team up to advance P2P payments

Finastra gains three US clients

IBM says it has launched an “industry first” solution to support the full lifecycle of peer-to-peer (P2P) transactions, from the back office of financial institutions to the mobile device.

What does the new iPhone X mean for mobile banking?

Face ID

Mobile banking is nothing without mobiles, and as Apple leads the way in innovation it provides opportunities for banks to do things differently too. So, with the launch of the iPhone X, what is next for mobile banking in a world that can’t get enough of phone upgrades?

Wirecard gives boon a boost with virtual prepaid, P2P and overdrafts

Wirecard

Paytech company Wirecard is expanding its mobile payment app boon with new features, including a virtual prepaid card, P2P payment service and flexible overdrafts.

First Tech Credit Union goes live with Zelle

First Tech Federal Credit Union

US-based First Tech Federal Credit Union has announced that the Zelle P2P service is live in its mobile banking app, enabling payments for more than 110,000 First Tech mobile banking members, reports Paybefore (Banking Technology‘s sister publication). Zelle, powered by payments and risk management firm Early Warning, enables funds to be sent from one bank […]

P2P lender Prosper’s valuation stands at $550m with new funding

Money coins piled up

US peer-to-peer (P2P) lending firm Prosper has landed $50 million in a Series G funding round. The capital comes from Hong Kong-based FinEx Asia and LPG Capital and raises the San Francisco-based company’s total equity funding to $410 million.

Has the face of payments changed forever?

Marieke Flament, Circle

Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.

Is Prosper prospering?

Too much debt

Peer-to-peer (P2P) lender Prosper released its second quarter earnings recently, just days after the company shuttered its consumer-facing bill management system.

Is this the end of fintech as we know it?

Armands Broks, Twino

In the age of the internet, fintech dominates finance. In the UK, the sector is currently worth £7 billion, employing around 60,000 people with figures set to increase. The industry is definitely awe-inspiring, but as the lines between traditional banking services and fintech blur, fintech could disappear entirely.

StreetShares raises $10.3m for “Shark Tank meets eBay” approach to P2P lending

VW Credit invests in AutoGravity

Alternative lending platform StreetShares raised $10.3 million in a venture round this week. The funds come from an undisclosed investor and bring the Virginia-based company’s total funding to almost $20 million since it was founded in 2013.

Klarna unveils free P2P payment service, Wavy

Klarna unveils Wavy

Klarna has unveiled Wavy, a new, free P2P payments service. Available in iOS and Android as well as online, the free app enables users in more than 30 European markets to transfer euros between friends and family.

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