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BankInnovation.net 10/21/2019 16:37
Santander Bank has rolled out Santander Cash Nexus, a payments tool solution for the bank’s commercial, corporate and investment banking clients in North America. The new platform offers Santander clients a suite of international connectivity and provides local payment initiation and information reporting services in several markets around the world via a single point of entry. […]
BankInnovation.net 10/18/2019 16:40
Santander InnoVentures, Santander Group’s fintech venture fund, is leading a Series B investment of 35 million euros ($39 million) in CrossLend, a pan-European digital debt marketplace. Oliver Schimek, CrossLend’s CEO, told Bank Innovation the funding, which was confirmed this week, will support CrossLend’s expansion efforts, building on the 10 markets in which it currently operates. […]
BankInnovation.net 10/18/2019 14:07
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, October 18, 2019. In this episode, Angely Mercado, associate editor, discusses the following news developments: How legacy banks are increasingly growing their customer bases through digital channels; The evolving narratives around bank-fintech partnerships; and How banking technology provider Finastra […]
BankInnovation.net 10/18/2019 07:00
Blend, a startup that sells its mortgage application technology to banks, is enhancing its toolkit to help its clients cross-sell other financial products to consumers. The San Francisco-based company, which counts incumbents like Wells Fargo and U.S. Bank as customers, is helping banks launch a single entry point for customers’ financial information. With one set […]
BankInnovation.net 10/16/2019 14:22
Banking technology provider Finastra, which works with more than 9,000 clients, is working with payment network Ripple to facilitate real time, blockchain-supported payments for its customers. For Finastra, the tie-up enhances the suite of services it offers its bank clients, while for Ripple, it extends its reach to more institutions. Ripple currently works with more […]
BankInnovation.net 10/15/2019 12:33
Challenger banks are on the rise for attracting modern consumers who seek banking alternatives that are convenient and more affordable. In order for traditional banks and credit unions to compete, launching a digital-only bank has quickly become a survival strategy. Speed of launch is a critical factor when considering a digital-only experience, which has encouraged […]
BankInnovation.net 10/14/2019 13:36
Banks are rushing to grow digital capabilities, but they are neglecting the digital enablers that support the overall customer experience. Indeed, many customers did not have a contextually relevant experience with their bank, which diminished overall loyalty. Alyson Clarke, principal analyst at Forrester Research and the author of a bank customer experience study released this […]
BankInnovation.net 10/14/2019 13:29
Budapest-based OTP Bank is expanding the scope of its startup development program beyond Hungary to Russia, Ukraine, Croatia, Serbia and Albania and is adding a new opportunity for startups to work closely with practitioners. The startup program, which launched in 2017 through the bank’s in-house innovation group OTP Lab, is currently accepting applications for its […]
BankInnovation.net 10/10/2019 15:24
Against the rising tide of digital-only banks, Minneapolis-based personal finance platform Branch has taken the plunge. The four-year-old company offers a suite of personal finance tools, including payday advance, to hourly workers through integrations with employer payroll platforms, which currently include Pizza Hut and Taco Bell. Its fee-free checking account is offered in partnership with […]
BankInnovation.net 10/10/2019 13:39
Wirecard is taking aim at Asia and the Americas. The German financial services provider is advancing these plans through new product offerings, including cashierless checkout technology for retailers, a payments app for U.S. brands and retailers, and efforts to support China UnionPay‘s expansion to new markets. Georg von Waldenfels, executive vice president of group business […]
BankInnovation.net 10/10/2019 11:47
On the heels of an international expansion push, U.K.-based digital bank OakNorth has named a new CEO. Sunil Chandra, who was appointed this week, most recently served as vice president responsible for global talent acquisition at Google. The hire comes at a “critical stage” in the company’s growth journey as it extends its reach to […]

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