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Category: Channels


Channels, Products, Retail Banking

Google Pay unveils integrated banking challenger Plex

November 23, 2020

Via: FinTech Futures

Plex is a checking and savings account. Google says the banking challenger will have no monthly fees, overdraft charges or minimum balance requirements. Come 2021, the US Big Tech’s 11 bank and credit union partners will offer Plex accounts to […]


Channels

European Central Bank taps SIA and Colt to connect market infrastructure

November 23, 2020

Via: FinTech Futures

SIA and Colt will help the ECB connect through a single access interface, the Eurosystem Single Market Infrastructure Gateway (ESMIG). ESMIG is a component in the implementation of the Target and Target2 securities and instant payments consolidation projects. The ECB […]


Channels

If consumers welcome new payment options, why are they slow to adopt them?

November 18, 2020

Via: FinTech Futures

Consumers largely welcome a more diverse range of payment choices, but do not always take advantage of them when managing their money. These are some of the latest findings of the 2020 ING International Survey on new technologies which provides […]


Capital and Risk, Channels, Credit

Google Expands Pay App With Bank Accounts and Debit Card

November 18, 2020

Via: TheStreet

Alphabet’s Google (GOOGL) – Get Report said it expanded its Google Pay app to enable users to open back accounts, pay friends and manage budgets. The updated application debuted Wednesday. Alphabet partnered with Citi (C) – Get Report and Stanford […]


Channels

How banks can be supported to achieve full open banking adoption

October 28, 2020

Via: FinTech Futures

Banks have been at the heart of this progress and are the gatekeepers to further advancements. However, commitment from all banks towards achieving full adoption hasn’t always been forthcoming, and in order to maximise the potential of open banking, the […]


Channels

Digitisation is underway for Visa, MasterCard and other payment giants

September 30, 2020

Via: FinTech Futures

But the paradigm seems to be changing. The number of blockchain wallet users around the world has grown significantly since 2016, reaching 50.71 million, according to a 2020 Statista report. And this number continues to grow as the global economic […]


Capital and Risk, Channels, Operational

The move to cloud-native banking and the role for continuous intelligence

September 25, 2020

Via: Finextra

According to research by Finastra and Efma, banks saw digital transformation as their most pressing issue for the future. 81 percent listed the move to digital as their biggest priority for the next one to three years, while 66 percent […]


Business Banking, Channels, Products

Goldman Sachs launches transaction banking service with Volante

September 24, 2020

Via: Banking Technology

Volante’s VolPay system sits at the core of the new Goldman system. It covers end-to-end processing of domestic and international payments. This includes foreign exchange, US wires, ACH, Swift cross-border payments, and other payment rails. Goldman’s new system, described by […]


Channels, Regulations

WeChat transactions ban blocked by US judge

September 22, 2020

Via: Banking Technology

The ban is a response to an executive order from President Donald Trump. The Department of Commerce announced last week it would prohibit transactions on mobile apps WeChat and TikTok. The order was to come into force on 20 September. […]


Channels

Banking of the Future

September 11, 2020

Via: Finextra

Global trends, changing business models and innovations pose new challenges for the world of payment transactions. New payment providers simplify payment processes and seemingly threat the existing ecosystem of banks and financial service providers. Seemingly – because banks also keep […]