Fintechs Are No Threat to Banks — But Amazon and Alibaba Are
The biggest threat for the banking sector is not fintechs. No, according to a recent report by McKinsey, that would...
Archive
National Australia Bank Cuts 6,000 Jobs, Shifts Staff to Digital
The National Australia Bank today announced it is slashing its workforce by 12%, or 6,000 job losses, over the next...
HSBC Glitch Locks Out UK Customers, Leads to Twitter Complaints
U.K.-based bank HSBC experienced a glitch earlier this morning that locked some customers in the region out of their accounts,...
Uber Teams Up With Barclays To Launch Credit Card in U.S.
EXCLUSIVE - First comes Uber, an on-demand car service, then UberEATS and now a credit card? Yes, that’s right, the...
Small Business Banking App Seed Nixes Monthly Fee
EXLUSIVE - SME-focused digital banking app Seed is getting rid of its monthly fee and will now be free for customers....
SoFi Withdraws Banking License Amid CEO Resignation
After a tumultuous few weeks, online student lender Social Finance, or SoFi as it is better known, is withdrawing its...
Wells Fargo: More NFC-Powered ATMS, Fewer Branch Interactions
EXCLUSIVE - People’s interaction with ATMs is shifting more and more towards cardless transactions, at least according to Wells Fargo. In...
R3 Consortium Releases New Version of Corda
The R3 blockchain consortium has released a new version of its Corda distributed ledger technology, which will allow developers more...
One Fifth of U.K. Bussiness to Use Cryptocurrency in Payment Processing in 2018
The United Kingdom is one of the largets fintech hubs of Europe, so it is only fitting that U.K. businesses...
Google Unveils New Features for India Payment App Tez
Google unveiled its mobile payment service, Google Tez, in India on Monday. Google Tez, is a Unified Payments Interface (UPI)...
