11 February 2016

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BBVA is shaking up the way it invests in fintech startups, closing its $100 million in-house fund and pumping $250 million into a new independently managed outfit called Propel Venture Partners.

Is Paym a failure?

Is Paym a failure?

17 hours ago  | 10 comments | 15 tweets | 11 linkedin

This week UK mobile P2P payment platform Paym published its latest figures on user uptake and transaction volumes. Hakim Mendjeli, former head of mobile product and strategy at Lloyds Banking Group, sifts through the data.

Absa alert warns customers of future spending shortfalls

Absa alert warns customers of future spending shortfalls

10 February 2016  | 0 comments | 7 tweets | 10 linkedin

South Africa's Absa Bank is piloting a new predictive spending alert that warns customers if they are about to go into the red and offers customised options to help them better manage their finances.

ANZ launches mobile payments service for Android smartphones

ANZ launches mobile payments service for Android smartphones

10 February 2016  | 0 comments | 9 tweets | 6 linkedin

ANZ has followed in the footsteps of compatriot NAB with the launch of a new mobile payment service for Android smartphones, ANZ Mobile Pay, as the country's biggest banks continue their boycott of iOS rival Apple Pay.

WorldRemit raises $45 million

WorldRemit raises $45 million

10 February 2016  | 0 comments | 5 tweets | 5 linkedin

UK money transfer service WorldRemit has raised $45m in financing from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank, taking its total funding to nearly $200m.

NAB rolls out origination platform

NAB rolls out origination platform

10 February 2016  | 0 comments | 5 tweets | 5 linkedin

In what it calls the biggest technology overhaul in its 123 year history, National Australia Bank (NAB) will this month begin rolling out a new origination platform for personal banking customers.

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