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ABN Amro, DXC invest in digital banking software startup Fenergo

Fenergo, a Dublin-based provider of digital onboarding and authentication software for the banking industry, has closed an investment round from ABN Amro Ventures and DXC Technology. The funding will be used for further product enhancement and/or the acquisition of new…

Varo Money gains historic regulatory approval from FDIC

Varo Money gains historic regulatory approval from FDIC

San Francisco-based Varo Money Inc. has gained final approval from the Federal Deposit Insurance Corp.

Remitly launches digital banking service for immigrant communities

Remitly launches digital banking service for immigrant communities

Remitly, a Seattle-based digital money transfer company, has launched Passbook by Remitly, a mobile banking service designed for immigrant communities, with no fees and advanced compliance technology, according to a company press release. Passbook by Remitly, which is an FDIC-insured…

Lloyds Banking Group to shut 56 branches by October 2020

Lloyds Banking Group confirmed that it will close 56 bank branches across the U.K., as customer preferences continue to move toward digital banking and reduced dependence on physical branches. The group, which has more branches than any other financial institution…

Persistent Systems, Gojoko team with AWS on community bank, credit union platform

Persistent Systems, Gojoko team with AWS on community bank, credit union platform

India's Persistent Systems Ltd. and U.K.-based Gojoko Marketing Ltd.

Alaska FCU to buy 7 Phoenix-area branches from TCF

Alaska FCU to buy 7 Phoenix-area branches from TCF

Alaska USA Federal Credit Union announced a deal with TCF Financial Corp. to buy the seven TCF Bank branches, along with deposits and certain assets in the Phoenix, Arizona market. Alaska USA, which itself has eight branches in the Phoenix market, will now have a total of 15 branches in that market.

American Express opens Centurion and Escape lounges at Phoenix Sky Harbour airport

American Express opens Centurion and Escape lounges at Phoenix Sky Harbour airport

American Express and Mag USA announced the opening of The Centurion Lounge and Escape Lounge at Phoenix Sky Harbour International Airport, which will offer exclusive benefits to Platinum Card and Centurion Members. The lounge will allow passengers to use mobile…

BBVA launches sales on Amazon with eye towards financial products

BBVA launches sales on Amazon with eye towards financial products

BBVA, the Spanish banking group, has launched a plan to sell products on Amazon, starting with renowned restaurant El Cellar de Can Roca, part of a larger plan to eventually sell financial products, according to a blogpost. BBVA will begin…

Zero Financial releases mobile banking app on Android

Zero Financial releases mobile banking app on Android

Zero, the San Francisco-based banking app, announced that it is now available for Android after its launch earlier this year on the iOS platform. Zero provides a Zero Checking account and a credit card that provides users with the chance…

JCB enters agreement with Arkea on merchant acceptance, ATM access

JCB International Co., a unit of Japanese charge card provider JCB Co., said it entered a strategic alliance with Arkea to allow the French banking group’s retail merchant partners to accept JCB cards on their payment terminals or e-commerce sites.…

FSS announces plans to expand European footprint

Payments technology provider Financial Software and Systems has announced plans to expand its operations in Europe with the creation of a regional headquarters in Amsterdam. According to a press release, FSS already has a presence in the U.K., and is…

BofA marks 1-year anniversary with Erica

Bank of America's Erica® Completes More Than 50 Million Client Requests in First Year Virtual Financial Assistant Surpasses 7 Million Users In June, Bank of America will mark the first full year since the rollout of its virtual assistant, Erica,…

Kaspersky Lab reports 61% jump in mobile banking malware

Mobile banking Trojans are among the most rapidly developing, flexible and dangerous types of malware, according to Kaspersky Lab, which found a 61% increase in the number of files (from 18,501 to 2,841) of this type of malware between Q4…

Arkansas credit union taps Popio Mobile Video for on-the-go member service

POPio Mobile Video, an interactive mobile video banking solution, will enable face-to-face video collaboration for 7,200 members of River Valley Community Federal Credit Union, an Arkansas-based financial institution with $44 million in assets and two branches, according to a press…

Co-op Financial Services debuts solution lines ecosystem for credit unions

Co-op Financial Services has developed new solution lines that align payments and financial technology solutions along five categories of products and services for credit unions. Co-op solution lines are structured as a portfolio and address the core needs of credit…

Tink, NatWest partner to roll out mobile banking tools for personal financial management

Tink, a Stockholm-based open banking platform, has entered a partnership to provide its personal financial management and data enrichment tools through the mobile banking platform of the U.K.-based NatWest., marking Tink's first-ever collaboration in the United Kingdom. Starting in the…

Royal Banks of Missouri to deliver video-assisted banking with POPio

POPio Mobile Video Cloud, an interactive mobile video banking solution, has announced its implementation by Royal Banks of Missouri, a community bank in the St. Louis metropolitan area. POPio merges mobile video chat with real-time collaboration between consumer and financial…

Banco Bradesco buys BAC Florida Bank

Brazilian financial giant Banco Bradesco S.A. has agreed to buy BAC Florida Bank from Managua, Nicaragua-based Grupo Pellas for $500 million. According to a press release, Coral Gables-based BAC Florida provides private banking, wealth management and real estate financing to clients in 49 U.S.

Latest version of Unisys Elevate platform enables move to open banking

Unisys Corp. has announced the availability of a new version of its Unisys Elevate omnichannel banking software platform that enables an open banking approach in which financial institutions may share data with other organizations and access third-party applications and services.…

EMVCo, Fido Alliance, W3C form Web Payment Security Interest Group

The Fido Alliance, EMVCo, and the World Wide Web Consortium have created a new interest group for organizations seeking to collaborate on a vision for web payment security and interoperability. According to a press release, participants in the Web Payment…

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