Retail Banking

Google Partners Citi on Checking Account

Big tech's long march on financial services continues, with Google partnering Citi and a small Stanford University-affiliated credit union to launch a checking account. Code-named Cache, the account is slated to launch early next year, according to the Wall Street Journal. Read more »

OCBC Bank to Introduce account-to-account Transfers with Google Pay

OCBC Bank has entered into a partnership with Google to bring a refreshed Google Pay app to Singapore in January 2020. The partnership will enable OCBC Bank customers to be the first in Singapore to make account-to-account PayNow fund transfers using the enhanced features of Google Pay. The service is currently in beta-testing phase and select OCBC Bank customers will be able to link their bank accounts to make digital payments. Read more »

DBS and Google to Integrate DBS PayLah! with GPay Services

DBS today announced plans to launch Google Pay services with DBS PayLah! by early 2020. DBS’ collaboration with Google includes the integration of both peer-to-peer (P2P) and peer-to-merchant (P2M) transaction services. The integration will allow DBS PayLah! customers to send and receive funds and also pay merchants via Google Pay using a single-click sign-up. Read more »

Rapyd Unveils Singapore Platform to Help Firms Go Cashless

Rapyd, a global Fintech-as-a-Service company, announced today its partnership with key players of Singapore’s payments ecosystem to provide a single “Singapore Platform” to enable businesses to go “cashless”, in line with the country’s vision of becoming a smart digital nation and a center for Fintech innovation. Read more »

JPMorgan Targets e-commerce and Gig Economy Firms with e-wallet

JPMorgan Chase has moved to bolster its valuable wholesale payments business by building an e-wallet that lets e-commerce and gig economy firms such as Amazon and Airbnb offer their customers virtual bank accounts. With technology giants increasingly moving in on banks' turf, JPMorgan Chase has decided that its best option is to help them do it. According to Bloomberg, the Wall Street giant has spent a year building an e-wallet that gives online... more Read more »

MoneyGram Announces Extension of Walmart Contract

MoneyGram International, Inc. (NASDAQ: MGI), a global provider of innovative money transfer services, previously announced it has extended its agreement with Walmart to continue to provide MoneyGram-branded money transfer, 'powered by' white-label Walmart2World money transfer, bill payment and money order services into 2021. Read more »

SMFG Taps AI to Automatically Recommend Software Repairs

Sumitomo Mitsui Financial Group has joined forces with Fujitsu and the Japan Research Institute (JRI) to trial the use of AI to scan for bugs in coding and automatically recommend software repairs. SMFG says that the competitive nature of the digital revolution in finance is pushing banks to roll out new services as quickly as possible, and that this has led to a need for methods that improve software quality quickly. Read more »

TSB Opened New City of London Flagship Branch

TSB today celebrates the opening of its new and modern City of London flagship branch, which is located on one of London’s busiest high streets, at 55 Bow Bells House, Cheapside.  TSB marked the special occasion with a ribbon cutting event attended by Sir Roger Gifford, local Alderman, and Alexander Barr, Common Councilman for Cordwainer Ward in the City of London. Branch transformation Read more »

Stripe launches in Malaysia

Stripe, a global technology company that builds economic infrastructure for the internet, announced its official launch in Malaysia. Valued at USD35 billion, Stripe also announced a partnership with Payments Network Malaysia Sdn Bhd (PayNet) to make FPX available to businesses in the country. Read more »

Meniga targets climate crisis with auto-cashback donations

Through dedicated banking partners, the Meniga Rewards app allows consumers to earn personalised, card-linked rewards, discounts and cashbacks, while offering retail brands a unique way of communicating relevant offers to customers. Read more »

MetaBank® and NationalLink Extend Relationship Through 2021

MetaBank®, a wholly-owned subsidiary of Meta Financ Read more »

Spendesk raises €35M Series B to transform spending at work

Spendesk, the leading spend management platform for small to mid-sized businesses (SMBs), today announced it has raised €35M in a Series B round led by Index Ventures. This round brings the total raised to €45M. The investment will help fund product development and accelerate international expansion, with new offices opening in Berlin and London. Read more »

Monevo partners with Usave to improve customers’ access to credit

Monevo, Europe’s largest lending marketplace and platform, has announced it has partnered with yet another brand seeking to improve their customers’ access to credit, usave. Read more »

equensWorldline extend service agreement by Landesbank Baden-Württemberg

equensWorldline, a subsidiary of Worldline, European leader in the payments and transactional services industry, announces the early renewal of its service agreement by Landesbank Baden-Württemberg (LBBW). Under the agreement, equensWorldline will provide SEPA payment services for LBBW and process more than 1 billion transactions per year. Read more »

MHB-Bank becomes Raisin Bank – Focus on Banking-as-a-Service for Fintechs

The Berlin-based fintech Raisin continues to expand. Following the successful conclusion of ownership control procedures by Germany’s Federal Financial Supervisory Authority (known as BaFin), Raisin has taken over MHB-Bank as sole owner, thus becoming the first fintech in Germany to buy a bank. Since Raisin launched in 2013, the Frankfurt-based bank has been Raisin’s servicing bank in Germany and Austria. From this business partnership a close... more Read more »

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