Traditional FIs Need to Launch Digital-Only Standalone Banks to Compete, Citibank Report Says
Challenger banks are posing a real threat to traditional banks. How real of a threat? According to a new Citibank...
Payments
Conversational AI Firm Kasisto Partners with U.A.E. Digital Bank Liv
United Arab Emirates-based digital bank Liv on Wednesday launched its virtual assistant Olivia, which was built by conversational AI company...
Hong Kong Permits Virtual Banks in Test to Traditional Lenders
Hong Kong’s traditional banks are set to face one of their biggest challenges yet: a new breed of financial technology...
Crypto Transactions are Up, Report Finds, but Institutions Remain on Sidelines
Cryptocurrency prices are generally down over the past year but developers have been working 24-7 on improving the underlying technology...
JPMorgan’s Clampdown on Data Puts Silicon Valley Apps on Alert
The app was quickly becoming a cult favorite among penny-pinching U.S. consumers – and also a bane for their banks. In...
Apple Unveils iPhone-paired Apple Card
Apple today unveiled its plans to launch a virtual credit card product with Goldman Sachs and Mastercard this summer called...
Consumer Utility and Telecom Payments Can Help Lenders Reach Underserved Population, Report Says
A person’s utility bill can reveal a lot about their financial profile. And many banks and alternative lenders are using...
11 Startups Show Their Latest and Greatest at DEMOvation
Eleven startups participated in the DEMOvation challenge at the Bank Innovation Ignite conference in Seattle earlier this month. These startups,...
Tencent Sees Payments Growth Driven by Merchant Adoption
Chinese conglomerate Tencent missed the mark overall in the fourth quarter of 2018, but its WeChat Pay showed significant growth,...
BofA’s Erica Surpasses 6 Million Users, Aims to be ‘More Proactive’
Bank of America's virtual assistant Erica has crossed 6 million users, representing growth of over 29% in the past three...
