Mobile & online banking

6847 articles tagged with this keyword

/regulation

Dave faces US lawsuit

The US Department of Justice and Federal Trade Commission have launched legal action against Dave, the mobile banking app, alleging that it misled customers over its charges.

/retail

UK neobank app downloads surpass legacy banks for the first time

A new analysis of finance, fintech and crypto apps on the Google Play Store by SplitMetrics, has found that UK neobanks have surpassed UK legacy banks in terms of app downloads for the very first time ahead of the festive season.

/payments

10 trends that will impact payments in 2025, according to Mastercard

In this preview of a Mastercard report being released in early 2025, leaders at the card processer say that generative AI is emerging as critical to boosting fraud protection rates by as much as 300%.

/payments

Swish adds tap-to-pay function for its 8.6 million mobile users

Sweden's popular payments app Swish is adding payment cards to its mobile service, enabling users to Tap-to-Pay with their phones in stores across Sweden and abroad.

/security

Gen Digital to buy MoneyLion for $1bn

Mobile banking firm MoneyLion has agreed to be acquired by tech group Gen Digital in a $1 billion cash deal.

/payments

Lunar creates standalone enterprise payments business

Nordic challenger bank Lunar is stepping up its BaaS efforts, shifting its banking services division into a new standalone entity called Moonrise.

/retail

Santander launches online pension plan with up to £1000 cashback offer

Banco Santander has launched a Self-Invested Personal Pension (Sipp) plan in the UK, with a £1000 cashback offer to people investing over £100,000.

/crime

MEP amendments to PSR APP fraud liability regime 'undermine effective fraud prevention'

Copenhagen Economics and the Computer & Communications Industry Association (CCIA Europe) have revealed flaws in the European Parliament’s unprecedented extension of liability beyond payments services providers (PSPs) to online platforms and electronic communication service providers, such as telecom operators, who would also have to refund victims of impersonation fraud.

/crime

5 most common fraud methods in 2024, according to AIB

‘Smishing’ accounts for 94% of all fraud cases from January to October this year.

/payments

EPI enrolls 14 million users to wero wallet

The European Payment Initiative, a bank-backed venture that was initially set up to build a rival to Mastercard and Visa in Europe, has enrolled 14 million users and processed eight million transactions since launch.

/inclusion

Beacon launches digital wallet for immigrants to Canada

Canadian startup Beacon has opened the waitlist for its purpose-built digital wallet for immigrants moving to the country.

/cloud

Santander launches Openbank digital brand in Mexico

Hot on the heels of its arrival in the US, Santander's Openbank digital offering has landed in Mexico.

/retail

Canada's Neo raises C$360m in equity and debt

Canadian fintech Neo Financial has raised C$110 million in equity and another C$250 million in debt to fuel its efforts to take on the country's big five high street banks.

/retail

Argentinian fintech Ualá hits $2.75bn valuation on $300m funding round

The VC arm of insurance giant Allianz has led a $300 million Series E funding round for Ualá which values the Argentinian mobile banking player at $2.75 billion.

/payments

OCBC rolls out P2P pay-to-wallet service for cross-border remittances

OCBC has used Visa Direct to become the first mobile banking app in Asia Pacific to let customers send near-instant peer-to-peer transfers to both Weixin Pay (WeChat Pay) and Alipay using just the recipient’s China national identification name and China mobile number.

/regulation

VyStar Credit Union fined $1.5m over bungled online banking migration

Florida-based VyStar Credit Union has been hit with a $1.5 million penalty over the botched rollout of a new online banking system that saw members unable to access their accounts and money.

/inclusion

Creating green jobs through biodiversity conservation: Tehanu AI’s pilot project

Speaking to chief experts of Tehanu AI, Tosca Tindall and Patrick McSharry, Finextra learned about their nature-finance focused business that is working to incentivise nature stewardship by creating green jobs.

/ai

Lunar launches GenAI Native Voice Assistant

In a European first, Nordic challenger bank Lunar has launched a virtual assistant using GenAI Native Voice technology.

/startups

Afin Bank secures licence to serve African diaspora in the UK

Afin Bank, a digital lender created to help people from Africa living and working in the UK, is set to start offering mortgages and savings products after securing the regulatory green light.

/cloud

Santander launches Openbank digital brand in the US

Santander has launched its Openbank digital offering across the United States, taking its presence in the country nationwide.