Thu.Feb 21, 2019

Green Dot Eyes Banking-As-A-Service, Gen Z To Build On Q4 Growth


Financial technology firm Green Dot , which made its name on its prepaid debit card solutions, is ramping up its focus on Banking-as-a-Service (BaaS) after posting $14.3 million in net income for the fourth quarter of 2018.

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Technology is business

Chris Skinner

Another interesting nuance of the FinTech Bank is the integration of business and technology. I’ve referenced this a few times, but wanted to be explicit that these banks think technology is business and business is technology.


‘Alexa — Is My Data Secure On Connected Devices?’


By 2020, there will be an estimated 26 billion Intelligence of Things (IoT)-connected devices active around the world. As the IoT market grows, however, developers and consumers alike are growing more vigilant to protect any potential weaknesses of devices that rely on constant connectivity.

Things worth reading: 22nd February 2019

Chris Skinner

EU Parliament Eyes New Rules On Cross-Border Payment Fees


This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone.

The Best Online Banks Right Now

Bank Innovation

Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet.

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Why Not All FinTech Providers Are FinTech Firms


Every industry has its nomenclature. And sometimes, terms get thrown about interchangeably — when, really, they refer to very different things. Such is the case in financial services, where “ FinTech ” is often used to describe financial technology vendors. “A

More Trending

Amazon’s Healthcare Plans Include Insurance, AI Utility


Ever since Amazon turned its gaze to healthcare, questions about the eCommerce operator’s plans and intentions have outnumbered answers. That’s still true, and may remain so for the time being, but this week new details emerged that, at the least, is shedding light on Amazon’s healthcare vision.

Jack Henry Slow to Deploy P2P Service Zelle to Credit Unions

Bank Innovation

Core processor Jack Henry & Associates might have signed a deal with Zelle's parent company Early Warning in 2016, but it won't be deploying the P2P service until 2020, at earliest, Bank Innovation has learned. In fact, the core processor only started beta testing Zelle for Symitar this year.

Retailers In Some States May Be Forced To Accept Cash


With a move toward cashless societies growing around the world, new legislation in the U.S. could force retailers and restaurants in a number of states to accept cash as a payment method.

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Exposing misconceptions in payments fraud

Mobile Payments Today

In Part II of a blog series, Steve Villegas addresses how payments fraud impacts cross-border ecommerce

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UK Government Report Calls On eCommerce Players To Pay More Taxes


The U.K.’s s Housing, Communities and Local Government Committee is calling on internet retailers to pay higher taxes to help struggling offline retailers in the country’s shopping districts. According to a report in Bloomberg, the U.K.

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Brewing Disruption: As Beer Sales Decline These 65+ Startups Could Revitalize The Industry

CB Insights

Dry January may be over, but beer is still struggling. Brewers sold 0.3% less beer in stores in the US in 2018 compared to the previous year, according to research firm IRI.

SalesTrip Launches With Focus On Business Expense ROI


SalesTrip , a new corporate travel expense management firm, is launching its product this week in the U.K. The company has integrated a travel booking and spend management solution that it says is the first to operate on Salesforce , reports in Realwire said on Wednesday (Feb.

Apple-Goldman Credit Card Poses Risks, May ‘Blow Up’, Ellis Says

Bank Innovation

It would be “odd” for Apple Inc. to offer a jointly developed credit card with Goldman Sachs Group Inc. and not with Synchrony Financial, MoffettNathanson analyst Lisa Ellis said, since Synchrony dominates the market for co-brand offerings. Goldman must be offering Apple a very good deal,” Ellis said by email. She added that the Goldman […]. Bloomberg Cards Exclusive Open Fintech Payments Premium Retail Risk Security Apple cards fintech Goldman Sachs Mastercard

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Neiman Marcus Taps Into The Travel Vertical


Neiman Marcus is expanding its horizons with travel this spring – though not by going anywhere itself. Instead, the department store has announced it will be unveiling its latest campaign in March, titled “The Art of Travel.”

How Blockchain Tech Could Disrupt Real Estate

CB Insights

While historically a “pen and pencil” business, technology has begun to push the global real estate market into digitized approaches.

Apple, Goldman Pair On Credit Card For iPhone


Apple and Goldman Sachs, through joint efforts, will issue a credit card that links with the iPhone, the Wall Street Journal reported on Thursday (Feb. The new card is aimed at helping consumers with money management, and bringing the companies into new areas of business.

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US construction finance tech startup Rabbet backed by Goldman Sachs

The Paypers

(The Paypers) Goldman Sachs has backed Rabbet, a US-based startup that develops software to help make construction finance more efficient

Designing Mobile Order-Ahead For Roving Vendors


ResTech startups are sometimes founded out of an entrepreneur’s need for more convenient food ordering options. QuickBite Founder and CEO Richard Reedy worked for a company in East Austin and didn’t have a ton of time to get lunch.

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China’s Social Credit Score – Economic Genius or Killer of an open society?

Daily Fintech

I am in the London underground, and my mobile tells me if the person sitting next to me has defaulted on their loans. I can now decide if I still want to sit next to them. – Imagine a world where that could be true. Image Source.

Florida Prisons Delete $11M Worth Of Inmate Music Purchases


Following a switch in contractors that reportedly caused prisoners to lose access to music that they purchased, an inmate in a Florida prison is suing the Florida Department of Corrections (FDOC) in a class action suit.

itsme presents itsme Sign for process digitalisation

The Paypers

(The Paypers) itsme has introduced its itsme Sign, a step for totally digitising a range of processes, attaching a legally binding signature to any document with smartphones


Accutive Eyes GDPR Compliance With Encryption Alternative


Security and technology consulting company Accutive is rolling out a new solution designed to give enterprises an alternative to data encryption to protect sensitive information. In a press release on Wednesday (Feb. 20), Accutive said it is launching its Data Discovery and Data Masking solutions.



The era of everything-as-a-service (XaaS) has provided both an opportunity and a challenge for companies across industries.

Challenging The Truths Of Small Business Banking


The small business (SMB) banking sector continues to endure seismic disruption from many angles. In the U.K., regulators are cracking down on big bank misconduct against small firms, while simultaneously exploring ways to inject competition into the sector via initiatives like the RBS fund.

Delighting Customers in a Competitive Market: Learn from Your ‘At-Bats’


The theme of my blog series is how to win in an intensely competitive, increasingly digital environment.

Uber Fixes Bug That Reveals Client Secrets


After becoming aware of a bug on its back-end systems, Uber repaired a vulnerability that provided access to secret developer tokens. A developer endpoint had been sending server tokens and client secrets, according to reports.

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Alipay to impose fees on credit card payments

The Paypers

(The Paypers) Alibaba `s payment arm Alipay has announced it will start charging a fee on credit card repayments starting from March 2019

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Walmart Asda Deal Hits Regulatory Roadblock


It looks like the deal to merge Sainsbury’s with Walmart-owned Asda could be in fatal trouble — after a ruling by the Competition and Markets Authority on a deal that would have created the U.K.’s ’s biggest supermarket chain with a £12 billion ($15.6 billion) deal.

Five banks and two companies investigated over diamond scam

The Paypers

(The Paypers) Banco BPM , UniCredit , Intesa Sanpaolo , MPS , and Banca Aletti , along with companies IDB and DPI, have been involved in an investigation for fraud and money laundering

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Bitcoin Daily: QuadrigaCX’s Crypto Moves To EY; Samsung Unveils Smartphone With Built-In Crypto Key


Most of the wallet contents from digital currency exchange QuadrigaCX have reportedly been sent to Ernst & Young (EY), a monitor appointed by the court for the company, CoinDesk reported.

New AML laws in UAE to face some challenges

The Paypers

(The Paypers) The UAE Central Bank ’s 2018 updated anti-money laundering (AML) law has been revealed to potentially face some immediate challenges


Controversy Hits RBS’ $1B Fund To Boost Bank Competition


The U.K. government’s mandate that the Royal Bank of Scotland (RBS) allocate about $1 billion for a fund intended to give a financial boost to industry competitors has hit roadblocks that could spark controversy as the first of the funds are issued. Reports in the Financial Times on Wednesday (Feb. 20) said that Banking Competition Remedies, which was established to manage the RBS fund, is preparing to announce the first three winners of the money.

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Featurespace brings behavioural analytics fraud tech to Singapore

The Paypers

(The Paypers) Featurespace has announced the launch of its international behavioural analytics anti-fraud technology into the Singapore market

Verizon Plans Rollout Of 5G In 30 U.S. Cities In 2019


Verizon will be bringing its 5G technology to 30 U.S. cities by the end of the year, according to reports. The wireless giant didn’t specify the cities or the method of deployment, but it did say it would include extremely fast millimeter wave radios. “It’s

Lloyds, Visa launch pilot scheme for cashback offers

The Paypers

(The Paypers) Lloyds Banking Group has teamed up with Visa to launch a pilot scheme designed for retailers that want to offer cashback to customers in their stores