Monday, January 23, 2017


Banks face big profit loss to digitisation – McKinsey

European banks stand to lose half their profits from digital disruption trends shaking the banking industry, according to a report from McKinsey. Read more:

Kasisto nabs $9.2m for financially-trained chat bots

Conversational artificial intelligence startup aimed at financial services Kasisto has raised $9.2m in a Series A round led by Propel Venture Partners. Read more:

Innovate Finance launches FinTech platform ‘B-Hive

UK FinTech agency Innovate Finance announced the launch of B-Hive, a new collaborative innovation platform for FinTech in Belgium. Read more:

Do banks belong on Snapchat?

Snapchat, once dismissed as just a sexting app, has become banks' latest playground for connecting with millennials over playful filters, emojis and videos. Read more:

PSD2: Who wins?

n an API-based economy where the value chain is inverted, banks could be confined to “dumb pipes”. Read more:

Capital One looks to encourage SME FinTech adoption

High-tech tools for the enterprise are no longer reserved for the largest, most cash-rich organisations. Read more:

NovoPayment launches bot services for messenger

NovoPayments announced the availability of Messenger integration within its platform, allowing its clients the ability to quickly automate interactions with their customers in engaging, new ways. Read more:

How mobile banking wins the loyalty of small businesses

Only 32% of more than 1,000 US companies use mobile banking services. Why is the engagement of businesses in using online mobile banking that low? Read more:

Payfone picks up $23.5m for mobile verification

Mobile identify authentication startup Payfone has raised $23.5m in a Series E round of funding. Read more:

2017 banking transformation trends

The demands from customers, FinTech and regulation (PSD2, Brexit, deregulation in the USA) will put pressures on traditional banks to transform. Read more: