Articles with tag: incumbent

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Challenger banks, oases for SMEs - interview with Starling Bank

Interviews | Online & Mobile Banking | 24 Nov 2020

Anna Mitchell, Starling’s Head of Marketplace, shares the recipe behind the success of Starling and how the challenger bank is positioned to enable SMEs to thrive in challenging times with the use of APIs

Anna Mitchell, Starling, SMEs, APIs, incumbents, payments, lending, financial institutions, digital banking, alternative financial services, fintechs, challenger bank, invoice insurance, digital receipts, Coronavirus Business Interruption Loan, Bounce Back Loan Schemes, TPPs,

Payer launches beta test programme to facilitate customer onboarding in B2B ecommerce

News | Digital Identity, Security & Online Fraud | 09 Nov 2020

Payer has developed a new registration product that enables ecommerce merchants to verify new customers as trustworthy so they can make their purchases with ease.

Payer, registration product, ecommerce, merchants, B2B, buying experiences, consumer onboarding, recurring customers, checkout, Swedan, incumbents

British consumers to prefer platform banking, study

News | Online & Mobile Banking | 09 Oct 2020

Deposit Solutions have realised a report showcasing that most British consumers want as few financial services providers as possible. 

UK, United Kingdom, platform banking, Deposit Solutions, financial services, financial simplicity, incumbent banks, challenger banks, financial services, Europe, marketplace

SWIFT rolls out fresh payments strategy

News | Payments General | 30 Sep 2020

Global payments consortium SWIFT has announced a new plan and strategy for securities processing and cross-border payments infrastructure, according to CPI. 

SWIFT, payments strategy, payments, payments consortium, securities processing, cross-border payments, infrastructure, pandemic, digital transformation, real-time payments, API, open banking, incumbents, financial institutions, end-to-end transactions, reconciliation, reporting, asset servicing

Credit Suisse to roll out digital banking app

News | Online & Mobile Banking | 10 Sep 2020

Credit Suisse has announced plans to launch a digital banking app in October 2020 to challenge fintechs like Revolut in the Swiss bank’s home market.

Credit Suisse, digital banking, digital banking app, Revolut, N26, Switzerland, Swiss, banks, fintechs, challenger, digital wealth management, foreign transactions, CSX, banking app, online banking, traditional banking, incumbents

UK-based alternative lenders' access to BoE's fund scheme blocked by incumbents

News | Payments General | 14 Jul 2020

HM Treasury has told non-bank lenders dishing out government-backed loans that they won’t have access to finance from the Bank of England, according to altfi.com. 

UK, alternative lenders, BoE, Bank of England, incumbents, HM Treasury, non-bank lenders, government-backed loans, British Business Bank, fintech loans, fintech

BharatPe launches POS solution with no charges for merchants

News | Mobile Payments | 24 Jun 2020

India-based QR code payments company BharatPe has rolled out a POS solution without charges for merchants.

BharatPe, QR code, launch, mobile payments, POS, point of sale, India, incumbents, Pine Labs, Mswipe, Innoviti, Jio, PhonePe, Paytm, Bharat Swipe, merchants, marquee investors, Ribbit Capital, Insight Partners, Sequoia Capital, Steadview. Mswipe

Nuapay teams up with Felloh! to premier its open banking payments button

News | Online Payments | 17 Jun 2020

Nuapay, an Account-to-Account payment solution, has partnered with Felloh!, a UK-based startup social enterprise. 

Nuapay, Felloh!, Account-to-Account, A2A, payments, UK, startup, open banking, incumbent, banking, SMEs, QRm SCA, transactions

Robinhood raises USD 8.3 bln in funding round

News | Payments General | 06 May 2020

Robinhood, an investment and stock trading app, has raised USD 280 million in a funding round led by existing investor Sequoia Capital

fintech, startup, Robinhood, trading app, Sequoia Capital, incumbent, retail, Charles Schwab Corp, TD Ameritrade Holding Corp, Fidelity Investments, banking

RBS sees rise in profits after renaming as NatWest

News | Payments General | 14 Feb 2020

RBS has reported a 27% rise in pre-tax operating profit for 2019 to GBP 4.2 bln as management announced renaming the bank NatWest.

RBS, Royal Bank of Scotland, NatWest, rebranding, banking, profit, bank, incumbent bank, financial crisis, UK, United Kingdom

Digital banks unlikely to displace incumbents in Singapore, PwC study says

News | Online & Mobile Banking | 12 Feb 2020

PricewaterhouseCoopers has published a a digital banking customer insights study revealing that Singaporeans are reluctant to switching to digital banking.

Singapore, PwC, PriceWaterhouse Coopers, digital bank, digital banking customer survey, customer survey, incumbent bank, banking, Asia, APAC

Tackling the KYC/onboarding processes: challenge or opportunity?

Interviews | Interviews | 10 May 2019

solarisBank`s MD, Delia König, speaks about banks` challenges to improve their onboarding process, as well as the tech ideas applied within the KYC space

Delia König, solarisBank, fintechs, banks, API, KYC, incumbent, onboarding, challengers, SME, identification, blockchain, AML laws, regulations, biometrics

Digitising complex onboarding processes: who will be leading in getting it right?

Voice of the Industry | Expert Opinion | 11 Mar 2019

Josje Fiolet and Guy Rutten from INNOPAY dive into the intricacies of digital onboarding processes and how can banks keep up with challengers in this department.

Josje Fiolet, Guy Rutten, INNOPAY, digital onboarding, challenger bank, incumbent bank, AMLD4, AMLD5, INNOPAY Onboarding Benchmark, European Supervisory Authorities,

Go online or go home: how tech is transforming UX in the age of online banking

Voice of the Industry | Expert Opinion | 30 Aug 2018

Onfido’s CEO, Husayn Kassai has a clear message to incumbent banks that want to stay competitive against the rising tide of challengers: go online, or go home.

Onfiido, Husayn Kassai, KYC, onboarding, identity verification, banks, challenger banks, incumbent banks, AI, machine learning

EBA assesses risks and opportunities from fintech and its impact on incumbents

News | Payments General | 05 Jul 2018

EBA has published a thematic report on the impact of fintech on incumbent credit institutions\ business models and one on the risks and opportunities arising for institutions from fintech.

EBA, fintech, banks, incumbents, FinTech Roadmap, report

Varo Money applies for bank charter with Comptroller of the Currency

News | Online & Mobile Banking | 26 Jul 2017

Varo Money, a mobile-first banking provider, has applied for a national bank charter with the Office of the Comptroller of the Currency.

Varo Money, bank charter, incumbents, financial institution, mobile banking, cash flow