Lloyds Bank taps Mastercard’s Open Banking Connect for credit card customers
Mastercard’s Open Banking Connect service is now enabled for credit card holders of Lloyds Banking Group brands: Halifax, Bank of Scotland and Lloyds Bank itself. The new functionality means cardholders can pay their credit card bills via their mobile app and draw on funds directly from a current account of their choice. By initiating a […]
Evolution of FinTech Solutions and their Applications in 2021
Fintech, known for its applications in the e-commerce industry, has been in popular demand over recent years. By fusing technology and finance in smart products and services, Fintech brings innovation to the table for businesses and customers alike. According to Statista, the industry will top a staggering $4.8 trillion by the end of 2020 and […]
NBA MVP Russell Westbrook Leads $63 Million Strategic Investment in Varo Bank
Russell Westbrook will help co-create a new impact platform aimed at underserved communities for the country’s only social-impact focused national digital bank Varo Bank, America’s first all-digital nationally chartered bank, today announced an extensive engagement with Russell Westbrook, nine time NBA All-Star, NBA MVP, entrepreneur, philanthropist, and designer. Mr. Westbrook joins Varo as an investor and […]
Internet browser Opera prepares for roll out of fintech banking service
Internet company Opera is moving into financial services with the launch of Dify, an in-browser cashback service and digital wallet for online shopping.Launching first in Spain, the the initial version of the Dify app ships with a current account, a free virtual debit card issued by Mastercard, as well as Google Pay support for offline […]
Klarna opens first bank account; eyes $500 million fund raise
Buy now, pay later pioneer Klarna is launching its first consumer banking account in Germany.A Klarna bank account will come with a Visa debit card which can also be connected to both Google Pay and Apple Pay. Users will also be able to use budgeting tools available via the Klarna app to track, categorize and […]
Is Asia leading the fintech revolution in banking?
Asia has grown into one of the hotspots of the fintech revolution. The large unbanked population and its openness to new technologies drive the proliferation of the fintech ecosystem. All over Asia Financial technology or fintech are catching on. From fast-growing young economies, such as China and India, to mature markets, such as Australia and […]
Trilo powers it’s first-ever POS Open Banking payment
Trilo scraps transaction fees, with merchants able to reward customers whenever they pay London, UK: On January 22nd, Trilo (Trilo Group Ltd.) powered the first ever Point of Sale (POS) payment using Open Banking at Naama Studios. The customer simply had to scan a QR code in order to make a £170 payment. In return […]
Open innovation with Cielo – a story of transformation.
For more in-depth insights, discussions and expert opinions on all things Fintech, check out the latest issue of PCN Magazine. Emerging Markets Open Banking, innovation and adversity When the EU’s 2007 Payment Services Directive (PSD) called for a single payment market with more innovation and security, it heralded the start of a new beginning for […]
Aion Bank and Vodeno partner with Form3 to disrupt banking and change the way we think about finances
Aion Bank, a new full-service digital bank, and Vodeno, a cloud-based banking-as-a-service platform, have partnered with cloud-native payments technology specialists Form3 to implement their next-generation payments platform and deliver real-time payment processing, clearing and settlement for Aion’s European members. Aion Bank offers an all-inclusive approach to banking, which gives its Premium Members access to a […]
Konsentus acquires Open Banking Europe from PRETA
UK, 18th January 2021: Konsentus announced today that it has acquired Open Banking Europe S.A.S. from PRETA. Open Banking Europe S.A.S., a 100% owned subsidiary of Konsentus Limited, will remain a separate operating entity which will continue to be led by John Broxis. The software solutions of Open Banking Europe will be directly integrated into the […]
