Category: Products

Business banking, Channels, Products

Crypto Company Launches App Aimed to Replace Visa Mastercard Payments

May 21, 2018

Via: PR Newswire

CHARLESTOWN, St. Kitts and Nevis, May 21, 2018 /PRNewswire/ — MF Chain offers a solution that first solves for a great number of issues in commerce, by leveraging merchant payment integration to unite users, merchants and innovators MF Chain is […]

Business banking, Products

US tech firms form alliance to drive bank data sharing

May 18, 2018

Via: Finextra

The three have united to develop the Secure Open Data Access (SODA) framework, a set of consumer-centric principles for data access and financial data security to promote transparency, traceability and accountability in the financial services ecosystem. The joint principles identify […]

Business banking, Products, Regulations

Why Tax Reform Changes Nothing — and Everything

May 14, 2018

Via: Strategy Business

Companies in the U.S. were already sitting on piles of cash before tax reform passed in December 2017. Now, with a strengthening global economy and a tax overhaul that lowers the corporate tax rate from 35 to 21 percent and […]

Products, Retail banking

Apple and Goldman Sachs to unveil new credit card

May 11, 2018

Via: Banking Technology

The WSJ cited people with knowledge of the process, and says the move comes as Goldman continues to make a push into consumer banking activities such as deposit-taking and personal loans. In a major blow to Barclays, the WSJ says […]

Business banking, Products

Robinhood overthrows E-trade in user numbers, announces $5.6 billion valuation

May 10, 2018


Stock trading app Robinhood has beat its rival E-trade when it comes to users, doubling the number of accounts in the past year. The start-up now has 4 million brokerage accounts on its platform. On Thursday it announced a $363 […]

Business banking, Products

JP Morgan Chase to patent blockchain-based interbank payments tech

May 4, 2018

Via: Banking Technology

JP Morgan Chase has filed an application to the US Patent and Trademark Office to patent an interbank payments system based on the distributed ledger technology (DLT). The proposed system will record transactions using a peer-to-peer (P2P) network – creating […]

Business banking, Products

Goldman Sachs to open crypto-trading desk

May 3, 2018

Via: Market Watch

The push for widespread adoption of cryptocurrencies got a boost Wednesday when U.S. investment bank Goldman Sachs Group GS, -1.80% announced it would be opening a cryptocurrency trading desk. In an interview with the NY Times, Goldman executive Rana Yared, […]

Capital and risk, Operational, Products, Retail banking

Alexa can now help you pick a credit card — why you should proceed with caution

May 3, 2018

Via: Market Watch

“Alexa, can you pick a new credit card for me?” As of this week, the answer is yes. The personal-finance company NerdWallet announced Wednesday a new skill for Amazon Alexa AMZN, -0.92% which is now live in Alexa’s skill store. […]

Business banking, Products

CIT Survey: U.S. Small Businesses See Growth in 2018

May 1, 2018

Via: ABF Journal

CIT Direct Capital, the national online small business lending unit of CIT Group, announced the results of its new survey conducted by The Harris Poll, revealing nearly three out of four small businesses in the U.S. plan to expand their […]

Channels, Products, Retail banking

Banks tune in to benefits of Open Banking and real-time payments

April 30, 2018

Via: Finextra

As open banking continues its rapid ascent, nearly 90 percent (87) of banks globally plan to move forward with open APIs, according to new benchmark data, “2018 Global Payments Insight Survey: Retail Banking,” from ACI Worldwide (NASDAQ: ACIW) and Ovum. […]