Articles with tag: incumbents

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Tracking Asia's progress with Open Banking

Voice of the Industry | Online & Mobile Banking | 07 Dec 2020

Joshua Chong, Analyst at Kapronasia, discusses the journey that Asia has been through on its road to Open Banking and the steps and hurdles it needs to get over in the future

Kapronasia, Joshua Chong, Open Banking, Asia, Australia, legislation, India, Account Aggregator, data sharing, MAS, APIX, fintechs, financial inclusion, lending, payments, unbanked, SMEs, Singapore, API, incumbents, innovation

Building upon the success of Open Banking in the UK

Voice of the Industry | Online & Mobile Banking | 02 Dec 2020

Imran Gulamhuseinwala OBE, Implementation Trustee for Open Banking Implementation Entity (OBIE), shares his thoughts on what the UK did right with Open Banking implementation and how it plans to build on this success

OBIE, Open Banking Implementation Entity, open banking, online banking, CMA, banks, incumbents, UK, Open Finance

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

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

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