The UK arm of Santander has launched a virtual 'cash kitty' app that lets up to 100 people create and manage collective pots of money.
Visa Europe has confirmed that it plans to cut its 5.3% stake in struggling UK mobile banking vendor Monitise.
Montise says it will attempt to steer its customer base away from customised mobile banking platforms to standardised deployment of cloud-based API and on-premises products as it bids to get the business back on an even keel.
Banco Santander and mobile money vendor Monitise have formed a £20 million joint venture that will invest in and help build fintech startups.
Mobile Money provider Monitise (LSE: MONI) announces the launch of its cloud-based platform enabling a powerful API-based delivery model for a range of digital banking and payment products.
Türk Ekonomi Bankası (TEB), strategic partner of BNP Paribas and one of the leading private sector commercial banks in Turkey, has launched a new digital banking service, CEPTETEB (Turkish for “TEB in your pocket”), as part of its branchless banking strategy.
Monitise founder and co-CEO Alastair Lukies is to step down from the board of the UK mobile banking group, as the business strives to go it alone as an independent company following a failed search for a third-party suitor.
Further to the Apple Watch news, Monitise is currently working with two client brands on exciting new apps for Apple Watch.
UK mobile banking company Monitise says it has had positive discussions with potential suitors as it reports widening losses and an eight percent decline in revenues for the first half of the year.
Mobile banking company Monitise has put itself in the shop window, as its stock price deteriorates still further and it warns on full year revenues.
© Finextra Research 2015