One high-profile victim of Brexit is German digital bank N26 despite its notable success since launching less than two years ago in October 2018. By April 15, 2020, an estimated 3.5 million UK customers of the neobank will need to transfer deposits, move funds from ...
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Banking
Banking
McKinsey & Company is out with a new analysis of the future of banking in Asia and it may be an eye-opener for some. Asian banks traditionally looked to the West for product and service ideas and business models. That’s definitely changed in the past ...
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The global automated accounts receivables marketplace was estimated at $1.7 billion in 2019 and is expected to grow at an annual rate of 12.1% to reach $3 billion by 2024 according to research by MarketsandMarkets. The US is also one of the largest markets in the world for accounts receivable financing ...
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Berlin, Germany-headquartered digital bank N26 has signed up more than 250,000 digital-only bank customers in just five months since launching in the US in August 2019. One of the numerous challenger banks disrupting the traditional banking system in the US and abroad, it partnered with ...
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New research by SmallBusinessPrices.co.uk analyzes how neobanks are on the rise and why they’re so popular with a growing number of UK banking customers compared to traditional banks. For traditional banks in the US, it’s also a sign of the banking customer disruption brewing and already underway ...
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By Vinay Kashyap, Mainsail Partners As 2020 gets underway, the upheavals that shook the payments industry over the past year show no sign of ending. All signs point to transformational change in 2020. Top trends to watch in 2020 include the continued growth of embedded ...
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A new collaboration between Visa and smartphone maker Samsung electronics brings simple mobile point-of-sale (mPOS) payment capability to millions of businesses without the need for expensive hardware, maintenance, and training. Visa’s Tap to Phone makes it easy for sellers to use Samsung’s new Galaxy XCover ...
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Back in July 2019, more than 50 banks and corporations signed up with SWIFT to initiate SWIFT GPI tracking of international payments as a way to enhance e-commerce and cross-border business in advance of the November 2020 deadline for users of SWIFT’s payments clearing system. ...
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The Consumer Electronics Show (CES) brought an interesting launch by MasterCard for an augmented reality (AR) app designed to give cardholders a 3-D, 360-degree view of their credit card benefits. Say what? That’s right, MasterCard users will be able to see, explore, and access their ...
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A new study by global card provider Marqeta shows many US and UK consumers are poised to pick digital-only banking as a financial services option. The Marqeta Digital Banking Survey shows digital-only banking–mobile banking apps have surpassed physical branches as the most critical touchpoint of ...
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