Mobile & online banking

6817 articles tagged with this keyword

/retail

Revolut staffs up and carries out testing ahead of UK banking switch

Having finally secured its UK banking licence, Revolut is hiring staff and testing its systems as it aims to move millions of customers to its new bank entity this summer.

/regulation

Verification of Payee: Prepare for October 2025 deadlines at NextGen Nordics

In March 2025, the Eurosystem completed exploratory work for offering a Verification of Payee (VoP) service for payment service providers (PSPs) in SEPA, helping them comply with the EU’s Instant Payments Regulation across credit transfers in Euro. NextGen Nordics 2025 at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will explore how VoP can reduce fraud and payment, and prepare for 5 October 2025, the effective date of the VOP scheme rulebook.

/retail

Mexican digital bank Plata raises $160m

Less than two years after launching, Mexican digital bank Plata has joined the unicorn club off the back of a $160 million Series A funding round.

/ai

Nubank partners OpenAI to smooth customer experience

Brazil's Nubank is working with OpenAI on a host of services and features for its 114 million customers.

/payments

Sweden's Riksbank works on offline payments in contingency planning for war outbreak

Sweden's central bank is working to improve the possibility of making offline payments by card to strengthen resilience at a time of geopolitical unease and the advance of Russian troops in Ukraine.

/payments

Google Wallet opened up for least-cost routing in Australia

Australian Payments Plus (AP+) has worked with Google to roll out eftpos functionality and least-cost routing (LCR) on transactions made via Google Wallet, giving merchants the options to move away from costly card scheme networks.

/payments

Visa records spike in Tap to Phone uptake

Tap to Phone, Visa's technology that turns smart phones into payment terminals, has experienced a 200% increase in usage globally over the past year and a 300% surge among small business owners in the UK.

/retail

Alkami boosts account opening capabilities with $400m Mantl acquisition

Cloud-based digital banking vendor Alkami has agreed to buy account opening technology provider Mantl in a $400 million deal.

/people

Lloyds hires Amazon exec to head up mortgages division

A former technology head at Amazon has been hired by UK high street bank Lloyds to lead the digitisation of the bank's revamped mortgage division

/retail

Zopa moves to bigger London office

UK-based digital bank Zopa has doubled its physical footprint in London following its move to a new office.

/people

Bank of Ireland to cut jobs in efficiency drive

Bank of Ireland is set to reduce its headcount as part of a digitally-fuelled efficiency drive, according to its chief executive.

/payments

Asia to dominate global fintech market – report

Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.

/security

Singapore records surge in mobile wallet scams

The Singapore Police Force is warning of a rise in scams using phished card credentials and mobile wallets.

/security

Visa launches Tap to Add Card in three new markets

Visa has launched its ‘Tap to Add Card’ service in Ukraine, Georgia and South Africa, enabling cardholders to add their bank card to their mobile wallet by tapping their card against their mobile phone.

/ai

BBVA virtual assistant gets AI-powered account and card management features

BBVA has revamped its personal virtual assistant, adding AI-powered account and card management features.

/people

Monzo COO Bhatia steps down

Monzo chief operating officer Sujata Bhatia is leaving after five years at the UK digital bank.

/cloud

Australia's AMP taps Starling tech for SMB digital bank

Australian financial services firm AMP has tapped Engine by Starling for a new digital bank for small business owners and everyday customers.

/security

India to introduce exclusive domains for banks

India is rolling out new domains for banks and other financial services providers in an effort to tackle cybercrime.

/inclusion

Pomelo combines US consumer credit with international money transfer to Philippines

Pomelo's partnership with Mastercard and Coastal Community Bank enables US immigrant customers to use and build credit while supporting family and friends overseas.

/retail

UK neobanks take market share from incumbents

Digital challengers are chipping away at the dominance of high street giants in the UK, with nine per cent of Brits now holding their main debit card with a neobank.