Global Payments & Transfers Insights
27th February 2015
Start-ups often require help, advice and capital to make their product a success and the Innotribe Startup Challenge is the perfect platform to showcase an innovative product to a panel of financial service experts, angel investors, venture capitalists, and leading fintech and financial decision makers. With news that SWIFT is also launching an... read more
24th February 2015
In a bid to rival Apple Pay, Google struck a deal with three major US telecoms companies this week, to pre-install its Google Wallet app on smartphones.
The deal includes the purchase of mobile wallet technologies and patents from Softcard, which will be pre-installed on Android phones sold by T-Mobile USA, AT&T and Verizon Wireless later on... read more
19th February 2015
News yesterday that WorldRemit has raised $100m from a Silicon Valley investor in one of the largest funding rounds for a British tech start-up, once again shows the attractiveness of UK fintech companies to larger US investors.
WorldRemit, which is now valued at around $500m, is one of London’s leading new fintech companies thanks to the... read more
30th January 2015
More than half of all global retail banking was done online or via mobile last year by consumers accustomed to sophisticated online experiences. Digitally-savvy Generation Y may have led the charge, but most customers now expect their banks to provide the convenience of omni-channel banking. Be it a smartphone app to pay bills or branch staff... read more
29th January 2015
Visa Europe is accelerating the growth of digital payments by investing over €200m in new payment technologies.
The announcement comes after a record number of transaction volumes were reported in 2014, including a 9 per cent growth year-on-year to €1.9bn and profits of €344m which is €80m higher than 2013. Also, for the... read more
28th January 2015
Ant Financial, the finance arm of Chinese ecommerce group Alibaba, has launched a credit rating system which utilises the group’s vast amount of user data. The launch of Sesame Credit Management comes at time when the Chinese government is driving an initiative to expand financing for both consumers and small businesses.
The FT reports... read more
27th January 2015
Number26, a US banking start-up which is owned by Spanish Bank BBVA, launched their mobile banking service in Germany and Austria yesterday.
After a successful beta launch at TechCrunch Disrupt London last year, Number26 offers a mobile bank account for both iPhone and smartphone users and claims to provide a solution to traditional European... read more
23rd January 2015
Sci-fi is now reality
There are certain tropes that science fiction writers and filmmakers rely on when trying to evoke a near-future setting, such as intelligence-enhancing smart drugs, dystopian levels of surveillance, and biometric authentication such as eye and fingerprint scans.
Of course, biometric authentication is a very real... read more
21st January 2015
Research shows the pace of change has been too fast for some British consumers, as their trust in new technologies developed by Britain’s flourishing tech sector fell last year.
According to Edelman’s Trust Barometer Survey for 2015, 49 per cent of UK consumers believe that innovation within businesses is happening too quickly and... read more
20th January 2015
If 2014 was the ‘Year for Bitcoin exchanges and ATMs’, 2015 will be the ‘Year of Adoption and Regulation’
2014 has been a great year for Bitcoin in many ways. The Bitcoin industry has matured, and this ‘bankless’ money is changing the way we use currency. Bitcoin exchanges and ATMs have been set up, driven by... read more