Vibrant sees mobile POS systems as an essential tool for micro SME recovery. They plan to support the 10 million European merchants.
In a week where LendingClub posted their first quarter earnings sending their stock up by more than 25% an activist...
Banks often regard prepaid cards as high risk/low reward. In fact, prepaid technology is now being used to create digital products quickly.
Personal financial management (PFM) apps have had a bad few months with Prosper shutting down Prosper Daily and Capital One closing Level Money; but banks in general are still looking for ways to provide customers with their financial health; a research report by Celent in July points out that while apps are closing, banks are beginning to integrate some of the features from PFM apps; instead of sending customers to a third party app they offer the features within their own app or website as part of the everyday customer experience; Cesar Richardson, vice president for Strands America, tells American Banker: "There's no separate path. It's inside your day-to-day banking." Source
The G20 has released a new report titled, "The G20 Countries Should Engage with Blockchain Technologies to Build an Inclusive, Transparent, and Accountable Digital Economy for All"; report shares how the blockchain can play a role in strengthening the global economy and cross-border cooperation; according to the abstract, "The G20 must take decisive steps to harness this technology in service of its policy goals across the core focus areas of economic resilience, financial inclusion, taxation, trade and investment, employment, climate, health, sustainable development, and women's empowerment." Source
Alibaba will bring a version of its smartphone-based payment platform to Japan as early as 2018 spring; the Japanese unit of Ant Financial will offer a version of the Alipay digital payment system tailored for the Japanese market under a new brand. Source
Credit Karma has had huge success in the US providing free credit scores and recommending products for their users; they...
Kathryn Petralia, co-founder and head of operations of Kabbage talks about their SoftBank deal, tech partnerships, culture and more. Source
After raising more than $232mn in an initial coin offering the company is now involved in a legal battle that could delay the launch into 2018; the dispute highlights the risk involved in the new form of financing since companies are raising money from a concept; how the case turns out could potentially effect future fundraising and whether or not investors feel secure enough to pour capital into young companies. Source.