Breaking News
iPhone Turns 10: How It Revolutionised Banking
“The iPhone Has Helped To Revolutionise Retail Banking” Yet Watch Out For ‘Marketplace’ Banking Next
Sophie Guibaud, VP of European Expansion at Fidor Bank, said of the 10th anniversary of the iPhone going on sale
“Much like the recent anniversary of the ATM, the iPhone has helped to revolutionise retail banking.”
“However, it is important to say that despite the iPhone launching in 2007, its impact wasn’t instantaneous. Apple’s App Store, providing apps for the iPhone, did not actually open its doors until 2008 and compared to today there was a very finite number of apps. The earliest versions of banking apps often only allowed customers to do the most basic things, such as check their balance and transfer funds between their own accounts.”
“Whereas the technology had been slow to initially take off, there can be no doubt that thanks to advancements in mobile payments and banking apps, we’re now well on our way towards a cashless society, thanks to smartphones. The reasons for this profound shift in consumer behaviour are simple as the technology has advanced to a stage whereby consumers can easily manage their day-to-day finances around the clock, irrespective of the day of the week it is, in less than 60 seconds.”
“Now, more than 40,000 of these applications are downloaded a day, while on average UK consumers login 11 million times a day to their banking apps. In tandem with this trend, there has also been a steady decline of 32% of bank branch visits per day from 2011 to 2016.”
“A key trend in terms of mobile banking that we’ll increasingly see impacting upon consumers in the coming years is ‘marketplace’ banking. This is where a bank integrates third-party services into its own platform, effectively turning itself into a marketplace, where consumers can access products from across the entire market in one place.”
- EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ Read more
- FreedomPay Drives Global Merchant Innovation Read more
- FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Read more
- Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Read more
- Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Read more
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Cake Wallet Integrates xStocks, Letting Users Invest in Stocks Using Crypto.
Cake Wallet, an open-source, privacy-focused crypto wallet, today announced the integration of xStocks, a new feature that allows users to invest in tokenized stocks and ETFs directly through Web3 self-custody.
Routefusion Secures $26.5 Million Series A to Expand its Global Payments Network
Routefusion, a financial infrastructure provider enabling platforms and financial institutions to embed seamless cross-border payments and multi-currency account capabilities, today announced the close of a $26.5 million Series A funding round. The round was led by PeakSpan Capital, with participation from Silverton Partners, bringing the company’s total funding to $40.7 million.
BCP Launches Criptococos, the First Crypto Banking Platform in Peru, Powered by BitGo
Banco de Crédito del Perú (“BCP”), the largest bank and the largest supplier of integrated financial services in Peru, and BitGo, the digital asset infrastructure company, today announced the launch of Criptococos, the first banking platform in Peru, to enable the secure purchase and management of crypto assets. The launch is part of a pilot project authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) and reflects BCP’s ongoing commitment to driving innovation in the financial system.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FreedomPay Drives Global Merchant Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Baghdadi Capital Group Selects nCino to Power Global Growth and Expansion Strategy
Baghdadi Capital Group has selected the nCino Platform to standardize and automate its global operations,