Category: Business Banking

Business Banking, Products

JP Morgan and Baton Systems develop real-time clearing system

November 18, 2019

Via: Banking Technology

According to the firms, the new system will address the challenge of having to tie-up excess funds across the clearing workflow by integrating settlement instructions for custodians and other funding sources into existing treasury platforms. The resulting end-to-end automation of […]

Business Banking, Products

Google is getting into banking with the search giant set to offer checking accounts next year

November 13, 2019


Google will offer checking accounts next year, according to a source familiar with the company’s plans, representing Big Tech’s boldest move yet into the consumer banking business. Most previous efforts have focused on credit cards and payment platforms. The accounts […]

Business Banking, Products

JPMorgan has a plan to help Amazon and Airbnb look more like banks

November 6, 2019

Via: Bank Innovation

The bank has spent the last year developing an e-wallet tailored for companies such as Airbnb, Lyft Inc. and Inc. that it says could help online marketplaces and companies in the gig economy defend against getting cut out of […]

Business Banking, Products, Regulations

Mastercard, Visa, eBay and Stripe follow PayPal’s suit and leave Facebook’s Libra

October 14, 2019

Via: Banking Technology

The Financial Times and Bloomberg reported the decisions by five heavy-weight backers to pull out of the project, which now leaves Libra with no major US payment processor following PayPal’s drop out too earlier last week. On Wednesday last week, […]

Business Banking, Products

Norway’s largest bank set to monopolise country with all-access mobile banking app

October 9, 2019

Via: Banking Technology

Last year DNB and Danske Bank became co-owners of the fintech. Now this joint acquisition is seeing Oslo-based DNB seek the “favoured” spot for Norway’s mobile banking app champion. “With access to every bank in Norway, DNB can now digitally […]

Business Banking, Products

Robinhood makes second attempt at launching a high-yield account similar to banks

October 8, 2019


Robinhood is giving banking another shot. Ten months after the failed launch of a checking and savings account, the free stock-trading start-up announced a cash management account with a 2.05% interest rate. The APY is more than twenty times higher […]

Business Banking, Products

Battle for zero trading fees threatens Robinhood’s business model and next leg of growth

October 4, 2019


A move by major brokerages this week to scrap trading fees could be a direct hit to Robinhood, the start-up that kicked off the trend six years ago. Charles Schwab, TD Ameritrade and E-Trade all announced this week that they […]

Business Banking, Products

Sticking Points in Recent Community Bank Deals

September 30, 2019

Via: Bank Director

Whether you plan to sell your bank or are in the market to acquire one, there are several sticking points that can delay the transaction. It can be helpful for both potential buyers and sellers to think about how such […]

Business Banking, Products

Securitize secures big bank backing in $14 million funding round

September 24, 2019

Via: Finextra

The firm, which last month won approval from the US Securities and Exchange Commission to act as a transfer agent and keeper of records, provides a full-stack service for issuing and managing digital securities. Carlos Domingo, co-founder and CEO of […]

Business Banking, Products

Mastercard gets more serious about commercial payments with new offering

September 12, 2019

Via: Market Watch

Mastercard Inc. is stepping up its efforts in commercial payments, announcing its new Mastercard Track Business Payment Service in conjunction with its investor day on Thursday. The new service could help Mastercard MA, -0.87% take a bigger piece of the […]