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Commerzbank’s Digital Innovation Strategy in Germany’s Cash-Heavy Economy

Bank Innovation

In some markets, banks and fintechs are a long way from overcoming the dependence on cash. billion ($513 billion) in assets, and boasting a 50-person innovation lab, implementing fintech for a fiat-focused market has its challenges. This challenge is felt at Germany’s Commerzbank. What is striking […].

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With Mastercard, Revolut aims for US market

Bank Innovation

based company, which operates in Europe and Australia, announced two major milestones this week: a tie-up with Mastercard that will help fuel a planned U.S. Digital banking and stock trading app Revolut, which boasts 8 million customers, is in the midst of a global expansion effort. rollout, and a launch in Singapore.

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With entry into China market, Paypal expands global ambitions

Bank Innovation

Through it, PayPal acquired a license to operate in China and access to millions more customers. This week, PayPal expanded the scope of its global ambitions through a 70% equity stake in Chinese payments company Guofubao Information Technology, which is known as GoPay.

Marketing 170
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PSCU: Owner CUs Saw Rising Debit, Credit Sales Volumes Over The Holidays

PYMNTS

percent market rate that the National Retail Federation (NRF) had predicted, according to the release. PSCU found that holiday purchases took place much earlier in November compared to past years as merchants marketed “Black Friday” sales at the beginning of November to contend with market uncertainty amid the coronavirus.

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Building, operating and monetizing financial services apps on the IBM Cloud

Insights on Business

Market data – real-time feeds and historic tick data. Components: Portfolio, investment & market analytical tools. Global market barometer. Innovative strategies and value propositions. They deliver Morningstar’s unique IP and help our clients build their software faster and get to market quicker.

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Santander InnoVentures leads $39m investment in debt marketplace CrossLend

Bank Innovation

Oliver Schimek, CrossLend’s CEO, told Bank Innovation the funding, which was confirmed this week, will support CrossLend’s expansion efforts, building on the 10 markets in which it currently operates. […].

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WorldRemit opens Toronto office to help grow Canadian customer base

Bank Innovation

-based digital money transfer company WorldRemit opened its Canadian headquarters in Toronto this week, a move that puts it in the midst of a growing market for cross-border payments solutions among immigrant populations.