Category: Products

Products, Retail Banking

Bank of America signs 10-year solar electricity agreement to power offices and ATMs

July 1, 2020

Via: Finextra

In partnership with Reliant, an NRG Energy company, the deal will contribute to Bank of America’s commitment to purchase 100% of electricity from renewable sources and builds on the company’s carbon-neutral efforts. The project will provide electricity through the Electric […]

Business Banking, Products

Mastercard takes step away from cards with $825 million deal

June 23, 2020

Via: Bank Innovation

Mastercard Inc. made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity. The purchase gives Mastercard more tools that help banks speed up credit decisions or improve account verification processes, using Finicity […]

Business Banking, Products

Goldman Sachs closes Marcus to new UK users amid deposit surge

June 11, 2020

Via: Banking Technology

The easy access savings service closed its competitive 1.05% account to new customers on Wednesday, following a surge in deposits which to £21 billion from 500,000 savers since it launched in 2018. Its 12-month fixed-rate account is still open to […]

Products, Retail Banking

Citi joins Restarting Together post-Covid innovation programme

June 10, 2020

Via: Finextra

The initiative aims to promote projects developed by entrepreneurs and SMEs that will contribute to speeding up economic recovery after the effects of the pandemic and create a more resilient society, with more effective and sustainable capabilities against future similar […]

Products, Retail Banking

Mobile banking service for US immigrants launches

May 29, 2020

Via: Finextra

Welcome Technologies is a for benefit corporation that has spent the last decade providing immigrants with health, education and legal support. Now, working with Green Dot, it is introducing PODERcard, an account and Visa card that aims to help close […]

Activity, Business Banking, Investment Banking, Products

Visa invests in cloud-based analytics platform GoodData

May 21, 2020

Via: Banking Technology

The investment is part of a bigger strategic partnership which will see the US card issuer giant co-create data products with the cloud-based firm. The move is part of Visa’s wider play to provide its users with better access to […]

Activity, Business Banking, Corporate Banking, Products

JPMorgan is first US bank to serve crypto exchanges as banking clients

May 13, 2020

Via: Banking Technology

It’s the first time the US banking giant has taken on crypto clients. The exchanges were approved in April as customers under the bank’s corporate and investment division, and are now starting to process transactions through the bank, per the […]

Business Banking, Channels, Products

Mastercard pushes ahead with B2B payments modernisation porgramme

May 12, 2020

Via: Finextra

Today, Mastercard is making that vision a reality by announcing the commercial launch of Mastercard TrackTM Business Payment Service. It offers greater control over payments and richer data exchanges that enable automated reconciliation for Suppliers and application of all payment […]

Business Banking, Products

Deutsche Bank signs 2028 contract extension for Avaloq tech

April 28, 2020

Via: Banking Technology

The contract covers Deutsche Bank’s wealth management businesses in six countries – Switzerland, Luxembourg, the UK, Saudi Arabia, Singapore and Hong Kong – and is one of Avaloq’s largest business process outsourcing (BPO) projects. “Wealth Management is a key growth […]

Channels, Products, Retail Banking

Beware the Fees That Come With Some Money Transfers on Apps

April 24, 2020

Via: The New York Times

Money transfer apps, which allow you to quickly pay friends and family through your smartphone, have grown in popularity in recent years. And the coronavirus pandemic has only expanded their use — to pay gig workers, make donations or simply […]