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Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes?

PYMNTS

Banks and credit unions are certainly not on their way out, even as they face more pressure from challenger banks, FinTechs and Big Tech in the coming decade. But as a recent Google announcement demonstrated, FIs are engaging with technology players in new ways as together, they seek to create ecosystems that offer new value to consumers.

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BBVA On Google, Digital Banking And The Rise Of The ‘Everyday App’

PYMNTS

Where once the marquee names in tech (and no shortage of FinTechs) jockeyed for primary banking services relationships, an increasing number of partnerships are now taking shape. In an announcement, the bank said it would work with Google to debut a co-branded, FDIC-insured, digital-only bank account next year.

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Google Gets EU eMoney License

PYMNTS

Google Payment Lithuania, a unit of Alphabet’s Google, was granted an electronic money institution license by The Board of the Bank of Lithuania. Finextra , citing Google, reported that with the license Google can issue and redeem electronic money and provide payment services. Earlier this month Revolut , the U.K.

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Nium Begins Offering Google Pay Options For Its Visa Cards

PYMNTS

Nium , the global FinTech platform, announced in a press release emailed to PYMNTS that users will be able to make payments through Google Pay with its company Visa cards. Nium’s Google Pay announcement, according to the release, will help it become more accessible across the world.

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Google Quits Cookies As Data Privacy Regs Show Fangs

PYMNTS

The European Union (EU) has levied $126 million USD in fines in that brief time, the biggest against Google at $57 million. That sum is more like a friendly reminder to Google, which did $40 billion in revenue in Q3 2019. But Google makes most of its money through ads, so the GDPR slap did not go unnoticed by parent company Alphabet.

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BBVA Teams With Google Pay To Offer Digital Bank Accounts

PYMNTS

BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. When we launched our new five-year strategic plan in January, we said that two key pillars were to ? insured digital account will be built on BBVA’s infrastructure and powered by Google Pay. financial health?,”

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Microsoft launches AI-powered Copilot for Finance | Elon Musk sues OpenAI over contract breach | Google shuts down Google Pay in the US

Bussman Advisory

This week’s must-know stories in the FinTech, AI and Digital Asset space: Microsoft launches AI-powered Copilot for Finance Elon Musk sues OpenAI and CEO Sam Altman over contract breach Google shuts down Google Pay in the US Plus, 12 more exclusive stories to help you stay ahead of the curve!

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