Preparing for an imminent future when the average customer rarely visits a branch, some banks are diverting additional resources into development of mobile-only services that do a lot more. Read the full story in American Banker.
A report released last year by EY and major Singaporean bank DBS declared China the “undoubted centre of global fintech innovation and adoption”. And China isn’t the only Asian country making waves in the fintech sphere. Read the full story in Banking Technology.
Over the last decade, payment acquirers have made leaps and bounds in FinTech innovation — for instance, major players like PayPal, Intuit, Stripe, and Square have completely reinvented the acceptance process. Meanwhile, payment issuers and retailers are mired in legacy systems that are preventing many transactions from becoming the seamless experience they should be in 2017. Read more in Payments Cards & Mobile.
In September 2014, Apple announced its mobile payment offering, Apple Pay. Much like the iPod, iPhone and iPad, this latest Apple innovation met a need that consumers weren’t even aware they had: to be able to pay for products without fishing for cash or credit cards. In other words, to utilize a phone as a mobile wallet. Read the full story in PaymentsSource.
The torrid pace of change in payments technology is exasperating many financial institutions and large retailers, which are struggling to keep pace. Payments technology veteran John Mitchell understands this challenge. Read the full story in The Financial Revolutionist.
A fledgling fintech company is courting new customers and investors abroad. According to its CEO, the infrastructure and size of the Japanese market make the move a no-brainer. “From a payments standpoint it’s a completely developed market.” Read the full story in Austin Business Journal.