FinTech Magazine is on the ground at Money 20/20 in Amsterdam to gain insight into how bunq is powering AI open banking in collaboration with Mastercard bunq’s collaboration with Mastercard is set to give users spending insights across all their bank accounts. The neobank is joining forces with the leading payment services company to power its personal […]
Fintech
Comparing Revolut, Chime and N26: Neobank Success Stories
Discover why Revolut, Chime and N26 are leading the neobank revolution with innovative features, user-friendly apps and more competitive offerings In recent years, neobanks have revolutionised the banking industry, offering customers a new way to manage their finances through entirely digital platforms. Among the most prominent players in this space are Revolut, Chime and N26. […]
UK trials ‘super ATM’ that will accept deposits for multiple banks
The UK’s Link ATM network is testing a new breed of cash machine capable of accepting desposits for multiple banks. The first machine is up and running in Atherstone in Warwickshire and further ATMs will also be trialled, according to Cash Access UK. With the gradual disappearnce of local bank branches from the high street, […]
Coming of Age for Millennials: American Express Nails It Again
During my (very long) career in credit cards, I’ve held Mastercard and Visas at every top bank, but there was a trigger point in 1998 when I went rogue and got my first American Express card. Crossing the line was a big deal. After seeing the cache of American Express, telling me “membership has its […]
What To Do With AI? A Question Without a One-Size-Fits-All Answer
Daily, it seems, we’re confronted by new reasons to distrust the development of generative AI models. Whether it’s features that deliver faulty recommendations or chatbots that tell lies or attempt seduction, those who are inclined to disdain AI—a growing and vocal proportion—have plenty of fodder for their points of view. The latest bit of news to burn through my social […]
Challenger Bank Bunq Targets UK’s Underserved Digital Nomads
Bunq announced it applied for a banking license in the UK and hopes to reenter the country by the end of the year. The Dutch neobank operated in the UK from 2019-2020 when Britain’s Brexit shift forced Bunq to suspend its operations in the country. Touting itself as “the Bank of the Free,” Bunq earned […]
US paytech start-up Forward lands $16m seed round
Texas-based paytech Forward has secured $16 million through a seed funding round co-led by Elefund, Commerce Ventures and Fiserv. Founded in 2022 by former Fiserv partner solutions head Brandon Lloyd, the company aims to collaborate with Software-as-a-Service (SaaS) firms to increase their revenue by “two to three times” through the integration of payments as a […]
$9.2 billion fintech Navan appoints ex-NYSE exec as CFO ahead of anticipated IPO
Navan has hired a former New York Stock Exchange executive as its new chief financial officer, ahead of the anticipated initial public offering of the $9.2 billion travel and expense management platform. Amy Butte, who was the New York Stock Exchange’s CFO between 2004 and 2006, will join Navan as its new CFO in June. […]
Citi suit prompts dispute between CFPB and industry groups
A legal case involving how Citi responded to customers who had money stolen via wire transfers has caused a spat between the CFPB and industry associations over the scope of the Electronic Fund Transfer Act (EFTA). Citi is being sued by the state of New York for failing to respond adequately when people promptly told […]
Digital Wallets Bring Legacy Institutions into the 21st Century
The rise of digital wallets, or e-wallets, is undeniable. Whether it’s paying for groceries with Apple Pay by tapping your phone to a screen or paying the babysitter with a peer-to-peer (P2P) app like Venmo, cashless, cardless transactions are everywhere. According to McKinsey, digital wallet penetration has reached at least 89%; one Forbes study suggests that a […]
