Atom bank, the UK’s first bank built exclusively for mobile and the UK’s most trusted bank on Trustpilot, has raised £50m in a fundraising round with participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP. The new capital will be used to fund further growth and to continue the bank’s investment in technology. Read more »
Today, N26 is launching its banking app in the US. Starting in a staged rollout, the 100,000 customers on the US waitlist will be invited to sign up and have full access to the product. A full public launch will follow later this summer. The launch in the US market marks the next step in the company’s mission to become a bank that millions of customers around the world love to use. Read more »
Entersekt today released further results from its recent online survey conducted by The Harris Poll among over 1,300 US adults who use banking apps once a month or more often (regular banking app users). The mobile-first fintech provider commissioned the independent market research firm to better understand US consumer attitudes towards mobile app-based banking and payments. Read more »
Appetite for digital banking among UK consumers has grown emphatically in the past year, according to the latest research from global financial services technology leader FIS™ (NYSE: FIS). Read more »
NYMBUS, the world’s most advanced revenue and technology solutions company, today announced the successful business transformation of core, Internet banking, mobile banking and payment solutions for Inspire Federal Credit Union. Understanding that innovation must happen immediately to compete and survive, the Credit Union selected NYMBUS for its modern technology, open architecture and cultural fit. Read more »
Today, TransferTo, a cross-border mobile top-ups and payment solutions network provider has announced a full rebrand, effective immediately, with two separate company brands, logos and identities. TransferTo’s mobile top-up and rewards business, founded in 2005, has now changed its name to DT One and remains a leading global network for mobile top-up solutions and innovative mobile rewards. Read more »
As part of their latest project, MTN, the top African telecoms operator is preparing to apply for a mobile banking license in Nigeria. This is the latest push by the Nigerian central bank to increase access to basic financial services.[1] Read more »
To mark the beginning of the school year, Sberbank is launching a mobile application called SberKids, which will be available from the AppStore and Google Play from 1 September. The app will teach children to manage their pocket money and help parents monitor their children’s spending. Using SberKids, parents can: Create a virtual prepaid card for their child. Instantly transfer pocket money to the card. See what the child is spending money on... more Read more »
Tinkoff Bank has launched a joint initiative with Sberbank to allow their customers to make P2P money transfers using a mobile number, as part of the bank’s drive to expand the payment options available to its customers. The service will be rolled out from today in the bank’s mobile apps and the personal online accounts of Moscow-based customers, and will be available to all customers across Russia by the end of July. Read more »
The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since launch less than 18 months ago. Read more »
For the fourth time, Backbase has received the Finovate ‘Best of Show’ award. Previously Backbase won ‘Best of Show’ at Finovate Europe in 2017, 2016, and 2014. Backbase, the omni-channel banking solution provider, launched their latest Smart Banking innovations at Finovate Europe 2018, the leading fintech innovation conference in Europe. Read more »
Jiffee, the contactless mobile payment solution that won the Best of Show award at Finovate Fall 2017, will present its revolutionary Bluetooth-based tap & pay technology to more than 1,400 fintech professionals in London on 6 March. Read more »
Comviva, the global leader in mobility solutions today announced that its flagship mobile money product, “mobiquity® Money”, has crossed the 100 million registered customers mark across 60 deployments in 45 countries. Moreover, the product processes 3.6 billion mobile money transactions, valuing over $60 billion annually. Read more »
Yesterday Huawei signed a mutual cooperation agreement with UnionPay International with the aim of working together to promote the globalization of Huawei Pay and to accelerate its roll-out worldwide in order to provide a better mobile payment experience for Huawei mobile device users. The agreement marks the first joint effort between Huawei and UnionPay to bring Huawei Pay to the global market since the two enterprises worked together to... more Read more »
Monese, provider of instant mobile current accounts, has today announced a significant collaboration with PrePay Solutions, Europe’s leading prepaid and digital banking services provider. Read more »
