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Varo Money gets new backers as it nears completion of its bank charter

American Banker

The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.

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Asia Pacific set to drive mobile payments growth

Banking 2020

As emerging nations come online for the first time, smartphones will be the device of choice for many new internet banking users. However, IDC observed that the mobile payment trends seen will not be consistent throughout the region, with more developed economies moving in a different direction to emerging nations.

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M-Pesa open API part of wider payments progress

Banking 2020

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers.

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China and India lead global cashless growth

Banking 2020

Many nations around the world, both developed and emerging, have enjoyed strong growth in non-cash payments in the past few years, with Germany, the UK, Belgium and France all contributing to an increase of 5.1 Developing nations set to close the gap. It found that on a global level, non-cash payments are expected to increase by 8.9

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Too Big to Bail Out?

Banking 2020

regulators have already put in place similar strictures for the eight largest (you might say systemically important) banks. regulations don’t go into effect until 2018, and the new FSB proposal is essentially the start of a lengthy debate. More to the point, U.S. Even the U.S.

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PWC Takes Very Optimistic View Of Retail Banking

Tech and Finance

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

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PWC Takes Very Optimistic View Of Retail Banking

Tech and Finance

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

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