Mobile & online banking

6775 articles tagged with this keyword

/retail

N26 eyes profitability in 2024

N26 says it expects to halve its net losses in in 2023 before hitting profitability on a monthly basis the following year. Meanwhile, the German digital bank has unveiled plans for a new investment product for stocks and ETFs.

/retail

Commerzbank builds GenAI-powered virtual assistant

Commerzbank is working with Microsoft to use generative AI and avatar technology for a new virtual assistant in its mobile app.

/retail

HSBC customers hit by mobile banking outage

Thousands of HSBC customers in the UK have been unable to access online and mobile banking services, preventing them from authorising online card purchases on Black Friday.

/retail

Alphabet fund in talks over Monzo investment - Sky News

Alphabet-backed fund Capital G is in talks to acquire a stake in Monzo as part of a funding round that could raise up to £500 million at a £4 billion valuation for the UK digital bank, according to Sky News.

/retail

HMBradley shuts consumer business; pivots to B2B

US digital banking platform HMBradley is winding down its consumer business and will instead try to sell its technology to banks.

/security

Lynx raises $18m for AI-powered fraud fighting tech

Lynx, a Madrid-based firm using AI to detect and prevent fraud and financial crimes, has raised $!8 million in Seres A funding.

/payments

Irish banks ditch plans to build mobile payments app

Irish banks have abandoned plans to launch a mobile payments app in the face of regulatory holdups and a rapidly changing payments landscape.

/retail

N26 quits Brazil

Having already left the US and UK, German digital bank N26 is quitting the Brazilian market as it narrows its focus on continental Europe.

/security

HSBC warns of spike in dummy apps

HSBC has issued an urgent fraud warning after a spike in the number of UK customers downloading dummy apps that trick users into handing over financial information.

/retail

Digital bank Kroo launches crowdfunding campaign

Kroo, a self-described "socially conscious" digital bank, is launching a crowdfunding campaign on Crowdcube.

/retail

Monzo in talks to raise £300m - Sky News

UK digital challenger bank Monzo is in talks to raise £300 million in funding at a valuation of more than £3.5 billion, according to Sky News.

/predictions

Lunar’s stratospheric plans for the Eurozone in 2024

Looking forward to 2024, Finextra spoke to CEO of Nordic challenger bank Lunar, Ken Villum Klausen to examine plans for the digital challenger banks continuing success.

/regulation

MAS orders DBS and Citibank to investigate lengthy outage

The Monetary Authority of Singapore has ordered DBS and Citibank to investigate why it took so long to get their systems back up after an outage earlier this month that disrupted online and payment services.

/retail

Barclays mobile banking goes down

Barclays' mobile and online banking services went down for around two hours on Tuesday.

/cloud

Bendigo and Adelaide Bank shifts digital system to Google Cloud

Bendigo and Adelaide Bank says it is already reaping the benefits of shifting its digital platform to Google Cloud.

/retail

Wells Fargo extends wealth platform to all customers

Wells Fargo is making its digital platform for helping people plan and track their money available to all consumer customers.

/wealth

Emirates NBD launches digital wealth platform

Emirates NBD has rolled out a digital wealth offering for users to trade securities and ETFs on over 11,000 global equities across 21 capital markets.

/retail

IeDigital buys Connect FSS

British digital banking software provider ieDigital has acquired US counterpart Connect FSS for an undisclosed fee.

/regulation

Finnish fintech Saldo makes move into banking services

Finnish fintech Saldo is gearing up to launch banking services in the country, beginning with a savings account.

/people

Monzo hires Cash App's Conor Walsh as US CEO

UK digital challenger bank Monzo has hired former Cash App global product head Conor Walsh to lead a renewed push into the US market.