Post Tagged with: "Europe"

For Aggregation Service, Lloyds May Use PSD2

For Aggregation Service, Lloyds May Use PSD2

by December 6, 2016 at 2:00 pm 0 comments

Regulation — yes, regulation — appears to pushing European banks to innovation, but perhaps not in ways anticipated by regulators. Lloyds Banking Group is considering an account aggregation service that would allow its consumers to pull in data from other financial institutions. While the plans appear to be at theRead More

Danish Bank Pilots Facebook Messenger Bot

Danish Bank Pilots Facebook Messenger Bot

by June 28, 2016 at 10:59 am 2 comments

If you haven’t heard yet, bots are taking over financial services, and are bringing Facebook with them. A Danish neobank called Lunarway introduced its Facebook banking bot, Lunar Way Bot 1.0, yesterday. The chatbot responds to simple queries, for now, such as checking balance, or looking up how much you spentRead More

Greek Bank Launches Skype Banking [VIDEO]

Greek Bank Launches Skype Banking [VIDEO]

by June 2, 2016 at 10:06 am 5 comments

Now, even Skype is a banking channel. The Cooperative Bank of Epirus (CBE), based in Ioannina, Greece, has launched video customer service using Skype in April for its online banking customers. Currently in testing with a select group of customers, the service will roll out to all customers “in the near future,” accordingRead More

France’s New Fintech Regulator Gets Muted Welcome

France’s New Fintech Regulator Gets Muted Welcome

by June 1, 2016 at 10:28 am 1 comment

Today marks the official start of France’s new fintech regulatory division. Unfortunately, it is not garnering much interest — and that might be because, well, it’s boring. The Autorité des marchés financiers (AMF), France’s financial regulator, has a job ad on LinkedIn for a “Chargé de mission” for the new fintech division. ItRead More

Top 5 Fintech Fundings: Credit Scoring in China and AI for the Stock Market

Top 5 Fintech Fundings: Credit Scoring in China and AI for the Stock Market

by April 11, 2016 at 12:57 pm 1 comment

Last week this space saw much of the largest fintech funding rounds taking place outside the U.S. That trend continues this week, with some San Francisco-grown AI thrown into the mix. This week we witnessed a major push forward in the process of collaboration between financial institutions (FIs) and startups. ThisRead More

Klarna Plans to Stretch Its Credit Terms

Klarna Plans to Stretch Its Credit Terms

by December 7, 2015 at 11:11 am 0 comments

As Klarna, the Stockholm-based payments unicorn, is beefing up its credit risk management unit in New York, the company is also stretching out its credit terms. Klarna offers credit for online purchases to all consumers, not just those who choose the credit option, like Bill Me Later, now known as PayPalRead More

Digital Customers at BBVA Hit 30% of Total

Digital Customers at BBVA Hit 30% of Total

by August 3, 2015 at 11:11 am 1 comment

BBVA is continuing its march to digitalization. The Spanish bank, among the world’s most aggressive in pursuing a digital strategy, now counts 30% — or 13.5 million — of its active customers as digital consumers, BBVA revealed Friday. Carlos Torres, chief operating officer and president, told investors that BBVA’s “exponentialRead More

Which Online Banks Did Not Make the Top 10?

Which Online Banks Did Not Make the Top 10?

by February 4, 2015 at 10:48 am 0 comments

What was most interesting at the ranking of Top 10 online banks released yesterday by GOBankingRates.com, a Bankrate.com challenger, were the companies that did not make the list. That list included some of the more well-known e-banks. So which banks were left off? Try Simple, Bluebird, Moven, GoBank, BankMobile, CapitalOne360 and Tangerine. And, fromRead More

Primary Fintech Innovation Defined, and Why Klarna Fits the Bill

Primary Fintech Innovation Defined, and Why Klarna Fits the Bill

by December 24, 2014 at 12:38 am 1 comment

Primary innovation is doing something that has never been done before. Most primary innovation is ridiculous and fails without anybody noticing. Very, very rarely, primary innovation changes the world and the company that creates the innovation becomes a Unicorn. Secondary innovation wins by giving a twist to that primary innovation.Read More

Investments in Payments Startups Flattening in the U.S.

Investments in Payments Startups Flattening in the U.S.

by August 1, 2014 at 12:10 pm 1 comment

How is fintech different between the U.S. and Europe? We asked some experts.