Wirecard Loses $8.3 Billion in Three Days on Fraud Allegations
Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found...
Payments
Consumers Get Comfortable Applying for Loans on Mobile Apps, Report Finds
As consumer trust in financial apps continues to rise more customers are comfortable using mobile banking apps for complex transactions such as loan...
As Amazon’s Alexa and Cloud Grow, Will Voice and Cloud-Based Banking Follow?
E-commerce giant Amazon mentioned its cloud computing platform Amazon Web Services, or AWS, 58 times, its virtual assistant Alexa 25...
Is Apple Pay Trying To Do Away with the Point of Sale?
Apple envisions an Apple Pay beyond its current role at the point of sale and P2P. The Cupertino tech giant is...
Avoka Rolls Out Module to Link Back Office to Customer Onboarding Journey
Avoka, a software firm specializing in customer acquisition and onboarding, seeks to bridge a gap at retail banks and credit...
Venmo’s Instant Cashout Option to Create Revenue for PayPal in 2019
PayPal finally anticipates monetizing Venmo in 2019, nearly six years after acquiring the P2P service. Venmo's revenue run-rate is over...
Facebook’s Payments Revenue Soars 42%
Payments revenue at Facebook is up — way up. The company’s "payments and other fees" category banked a record $274 million...
Ally Financial Has Millennials to Thank for Its Impressive Retail Deposit Growth
Ally Financial Inc.’s robust marketing strategy for its retail bank has paid off, as the bank today reported that half...
Catch the Early Bird Rate for Bank Innovation Ignite Before It Flies Away!
Interested in joining us for Bank Innovation Ignite 2019 on March 11-12 at the Hyatt Olive 8, Seattle? You'd better...
Apple Pay Helps Bolster Tech Giant’s Services Revenue Gains
Apple’s mobile payment service Apple Pay helped the company’s services business revenue grow 19% year-over-year to reach an all-time high...
