05/21/2019
Kenyan banks to test mobile lending app to ease SME squeeze
And pressure on banks to use mobile channels to cut costs has increased since the government capped rates, crimping their profit margins.
Mobile Banking
05/21/2019
Facebook eyes payments market with new Swiss fintech
The register reportedly reveals that the company will provide financial and technology services
05/20/2019
Amsterdam airport is WeChat Pay's first smart airport in Europe
The WeChat app will give Chinese passengers access to a package of services specifically aimed at Schiphol.
05/19/2019
Facebook forms Swiss fintech firm with payments focus
The owner of WhatsApp, Messenger and Instagram, each used by more than 1 billion people, has been at the center of public and regulatory scrutiny over misuse of consumers’ personal data.
05/17/2019
Technology prompts banks to ponder future of branches
United Bankshares Inc., which has 139 branches in five states and Washington, D.C., is also innovating.
05/17/2019
The Bank Of The Future
If banks have the courage to make the right decisions, they have a bright future ahead of them.
05/16/2019
UK wealth management firm rolls out direct-to-consumer app
Lighthouse clients will initially also have access to the app at least until its acquisition by Quilter is finalised
05/16/2019
Investec shutters robo Click & Invest taking £20m write down
Losses on the unit accounted for £12.8 million of the recognised write down, versus £13.5million a year earlier.
05/16/2019
Bermuda delegation at New York fintech event
Mr Burrows said: “There were many synergies, and underpinning everything is technology, with digital assets now viewed as an asset class driving every industry sector.
05/15/2019
Moves By Facebook, Apple Clearly Signal Banking’s Future
In some cases, much more than foundations are in already place — witness the popularity of digital voice assistants like Alexa and Siri and Google Home.
05/14/2019
Brazilian Bank To Launch Instant Payment Method
The CEO of Itaú’s card processor Rede, Marcos Magalhães, said the new service will attract a number of small merchants who don’t need customized services.
05/14/2019
Robo-adviser to reduce 'human error' in investing
Wealthify charges an annual fee of between 0.4 - 0.7 per cent depending on the size of investment, with an average fund charge of 0.22 per cent per year.
05/13/2019
Nucleus launches post-Mifid client portal
The portal follows Nucleus’ aim to make adviser correspondence paperless including the new costs and charges statements as part of Mifid II.
05/10/2019
Tencent, Alibaba, Xiaomi units win Hong Kong online banking license
The Hong Kong Monetary Authority said the newly licensed banks plan to launch their services in six to nine months.
05/10/2019
Intelligence Brief: Can Asian MNOs play in mobile pay?
From a mobile payments perspective, China is very much the poster-child.
05/09/2019
Telenor CEO vows to 'control' Asia tie-up with Axiata
Singtel and Viettel are also bent on Southeast Asian domination
05/08/2019
Sharesies granted robo-advice licence
According to Roberts, there are a large number of people “prevented from getting appropriate investment advice because they don’t have big enough portfolios.
05/08/2019
Open banking is just a taste of what’s to come
Solving these challenges with technology requires more than interoperable APIs. It needs a whole new approach to international payments.
05/08/2019
Asian GoBear secures $80m to develop digital financial platform
GoBear added that many consumer products and services “remain ill-suited to the mobile generation” with cash transactions “the norm”.
05/07/2019
World Bank advocates for digital banking to rope in the poor
The report also calls for a balance between innovation and risk, to cater for consumers who want not only to save, but to access digitally enabled, market-based wealth-building products.