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Square's bank will push retail financial services deeper into mobile

Payments Source

In-person branch use will continue, but retail banks should nonetheless double down on building intuitive, easy-to-use mobile experiences that drive customer satisfaction and brand loyalty ]].

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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. In another bank-FinTech tie-up, J.P. Airwallex Taps Deutsche Bank.

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APIs Drive New Need For Retail Location Apps

PYMNTS

But after that initial download, retailers and purchase aggregators pretty much let users run the course of their screens, never thinking that advanced applications would someday become important. Some companies have been trying to bring retailers into the new world of “necessary” location-based app technology for mobile retailing.

Retail 160
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Nigeria Turns To FinTechs To Boost Financial Inclusion

PYMNTS

Africa’s most populous country — roughly 200 million people — is behind in offering mobile banking compared to the rest of Africa. Only one mobile banking license has been issued this year. Lenders are hoping to stave off mobile competition by expanding retail banking.

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Zurich FinTech neon Closes $5M Round For Mobile Banking Expansion

PYMNTS

Zurich-based FinTech company neon announced it has closed a $5 million fundraising round led by Tamedia. Neon is a simple and mobile banking solution that, even though very easy to use, offers a high level of security. Zurich-based Backbone Ventures and several existing investors also participated in the round.

Mobile 122
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New York City Council Bans Cashless Food And Retail Stores

PYMNTS

23) passed a ban on cashless food and retail stores. In light of that, he said it’s only a matter of connecting different digital paths to one another, making it easier for mobile money to move. And in Singapore, global FinTech Rapyd announced a new platform that will allow both consumers and businesses to go totally cashless.

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Chime CEO Predicts Mobile Banking Surge Is Here To Stay

PYMNTS

Chime , a mobile-based startup delivering banking services that has gained strength during the pandemic, is here to stay, according to CEO Chris Britt , CNBC reports. There’s an increasing willingness to provide and manage your finances through a mobile app. That made it the most valuable American FinTech serving retail customers.

Mobile 213