paytechRSS

BBVA analyses urbanites for big data dynamite

BBVA

BBVA has launched Urban Discovery, an interactive tool open to everyone that analyses the cities of Madrid, Barcelona and Mexico City through the prism of their commercial activity. The bank says the analysis led to the creation of new maps that redraw urban borders and identify the most touristic and residential areas or those where […]

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 […]

American private equity firm makes $5.3bn offer for Nets

acquisition

In response to media speculation, Nordic payments processor Nets has confirmed that it has received a DKK 33.1 billion ($5.3 billion) takeover offer. Evergood 5, a newly formed firm controlled by funds managed and advised by American private equity firm Hellman & Friedman, has made a recommended voluntary takeover offer to acquire Nets – offering […]

How millennials are shaping the future of payments

E-wallet mobile digital wallet

For the millennial generation, paying for a latte using a contactless card, transferring money to a family member or friend online or buying a pair of trainers with “one click” has become the norm. This generation has not only shaped and driven the payments revolution, but is also playing an active role in developing a lot of the payment technologies emerging today.

Fintech funding round-up: 22 September 2017

Funding

There was a round-up yesterday because fintech funding won’t go away. More action featuring Tuition.io, Apiax and Etch. Tuition.io, a US-based employer-funded student loan repayment assistance platform, has announced a $7 million Series B funding round led by Wildcat Venture Partners with participation from existing investors Mohr Davidow Ventures and MassMutual Ventures, the corporate venture […]

Top fintech stories this week – 22 September 2017

Banking Technology logo

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

Report: Fintech outside London

Fintech outside London

Reading the UK news you might think fintech innovation only comes from limelight-hogging London, but that isn’t the case. There are obviously other rival global centres of innovation like Berlin or Stockholm, but many other regional UK fintech hubs exist too. The Fintech outside London report looks at UK fintech firms working outside of the so-called […]

Barcode payments spread across Africa with M-vendr and PiP iT

Africa

M-vendr, a UK-based tech company with a POS pay-in system across 12 African nations, has signed an agreement with international cash payments platform PiP iT to integrate the latter’s barcodes across its network of 45,000 merchant locations.

Interview: Aleksey Chubar, VTB – leading a fintech revolution in Russia

Aleksey Chubar, VTB

If you’ve got preconceptions about what fintech looks like and where it’s happening, then Aleksey Chubar, head of digital transformation at VTB, has news for you. Russia is becoming a hotbed of fintech innovation – not just domestically, but internationally too. More than that, the rapid pace of technological change in the country means you’ll soon wonder how you got left behind.

JP Morgan Chase goes in for the Bill for digital payments platform

jp morgan chase

JP Morgan Chase has teamed with Bill, the largest digital business-to-business (B2B) payments network in the US, for its new paytech platform. This B2B solution, to be rolled out next year, will be integrated into Chase’s digital platform for businesses, used for online and mobile solutions. Andrew Kresse, CEO of business banking at JP Morgan […]

@banking
techno