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The bank as a technology company – is this the future of financial services?

NCR

With more competition from emerging fintech players and new technology such as mobile and artificial intelligence demanding banks rethink how they deliver services to consumers, some companies are now looking to question how banks should define themselves in today’s market. Changing the way banks think.

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Cross-Border Payment Efforts Grab Funding

PYMNTS

million in funding as part of a first round, led by a consortium including Barclays , MIT Media Lab and others. The remittance company is focusing on sending funds and making the leap from U.S. To that end, news came this week that Ripple partner SendFriend , focused on cross-border payments, has garnered $1.7 In terms of process, U.S.

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The Challenges of the New Neo Bank

Celent Banking

The promise of these new start-ups was a drastic improvement on customer experience, ditching traditionally stale financial services with improved digital offerings, social media integration, and a familiar/casual communication style.

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Meet Facebook Libra’s Founding Architects

PYMNTS

Under the SWIFT pilot, the participating banks — Banque Internationale á Luxembourg, BBVA, Deutsche Bank, Natixis, Santander, Sberbank and UniCredit — will be able to transmit cross-border payments in real time, as well as use TIPS to settle them and provide instant crediting to recipients’ bank accounts.

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14 European Companies That Became Unicorns In 2018

CB Insights

European unicorns, or private companies valued at $1B+, make up about 11% of the total number of unicorns around the world. The companies on our list operate across industries including healthcare, cybersecurity, transportation, and more. Below are more details on each of the companies that make the list, ranked by valuation.

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Mixing Tech With Humans To Fill Colombia’s SMB Finance Gap

PYMNTS

A big challenge for [SMBs] is accessing affordable credit,” said BBVA chief economist Juana Téllez in an interview with Oxford Business Group. “If We have an analysis about their psychometric, their willingness to pay, their behavior on social media,” he said.

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In Praise Of The Selfie And The Commerce It Drives

PYMNTS

For instance, BBVA recently demonstrated a selfie payment system based on facial recognition. Samsung , for instance, is among the companies helping with the trendy alchemy of turning selfies of people into emojis, which can be used to further personalize messages sent via mobile devices. We are now in the golden age of the selfie.

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