NFC FinTech banking technology and speed
African financial services industry is in the midst of extraordinary change more and more of the population is becoming part of the formal financial system. Read more: www.finextra.com
How banks are getting around open banking and PSD2
Banks are scared, and will block any technology challenger. Don’t expect incumbents to provide open banking services any time soon. Read more: banknxt.com
Bank of England seeks to innovate services via new FinTech Accelerator
The Bank of England announced the launch of a new Fintech Accelerator on 17 June looking to support businesses able to help it innovate central banking.
Branchless SunTrust opens for business in Nigeria
The latest entrant to commercial banking in Nigeria, SunTrust Bank Nig. Ltd yesterday vowed to provide cutting edge banking services to its customers around the world. Read more: www.financialwatchngr.com
Acorn Financial Partners applies for banking license
Acorn is hopeful the banking licence will be granted by the Financial Conduct Authority in early 2017. www.cityam.com
Prepaid Financial Services to create new jobs
Alternative banking provider and financial technology specialist Prepaid Financial Services (PFS) today announces the creation of 50 new jobs. Read more: www.finextra.com
BaaS is becoming the sexiest vertical in fintech
FinTech companies need to focus on making payments work, and by working with a bank, it gets them to market faster. Read more: www.fintechranking.com
One FinTech that’s still going head-to-head against banks
For all the talk of cooperation and partnerships with banks, financial services startups are doing well in underserved niche markets such as actors and musicians. Read more: www.americanbanker.com
FinTech team wants to take banking to the Echo
With the work done by the Hillsboro-based team at Fiserv requesting your bank balance could be as simple as, "Alexa, what's my balance?". Read more: www.bizjournals.com
Why banks need to shift towards experience
Banking services have been commoditised since moving from one-to-one to one-to-all relationships infused by the digital revolution, but it can’t stay that way. Read more: banknxt.com