As the world has moved to mobile banking in the last three months hackers are moving there as well; in...
ICICI Bank, one of the “Big Four” banks of India introduced banking services on WhatsApp just three months ago; the...
M-Pesa is now in 11 countries, has more than 30 million users and helped to lift thousands of people out of poverty; Business Insider took a trip to Kenya to get a look at how the app works and the effect it has had on the region; 80 percent of mobile banking in Kenya is done through M-Pesa and people use the service for groceries, paying off debts with friends and more. Source.
Empower is a new digital banking that helps consumers earn, save and spend money more wisely; the company, founded by...
2019 was a banner year for mobile banking with finance apps accessed more than one trillion times and registrations growing...
At LendIt Fintech USA 2019, Boe Hartman, the CTO of Marcus, revealed in a keynote stage interview that Marcus was...
While banks might have initially been slow to act when it came to embracing digital strategies they are now able...
PayKey, a mobile banking fintech, raised a $10mn series B round led by MizMaa; other investors include SBI Group, Digital Ventures, SixThirty, Fintech71 and The FinLab; the company plans to use the funds for global expansions and further product development; PayKey has a mobile banking keyboard that allows users to complete actions without opening the specific bank app. Source.
With bank earnings season upon us we have seen a continued growth among mobile users at some of the biggest banks; JPMorgan Chase saw active mobile customers jump 13 percent and Wells Fargo saw total active digital users jump 3 percent; mobile banking has become a priority for all banks as the focus has shifted from just offering mobile to increasing engagement on mobile. Source.
Alkami’s white label technology has helped to provide mobile banking apps for credit unions and banks; they just raised a $70mn series D round led by General Atlantic, with participation from MissionOG, S3 Ventures and Argonaut Private Equity; the company has a SaaS model where they charge banks on the number of users per month; they plan to use the new infusion of capital to grow their sales and invest in innovation. Source.