The Zurich-based fintech company neon started today with its digital account offering. The neonBanking package comes with no basic fees and includes a free account and a new free Mastercard. With the card, neon customers can withdraw money worldwide and pay for services and products anywhere, including online. The customers…
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The year 2019 belongs to digital banking. The rapid growth of fintechs and the growth of online banking and self-service offerings of traditional banks is causing more and more stationary bank branches to close. And this development will continue. What speaks for the positive future of digital banks, and how…
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The convergence between technology and the financial sector led to the emergence of various products, operators, mechanisms, platforms and payment methods. For example: PayPal, Google Wallet and bitcoin, just to mention a few. Thanks to this, we have the Fintech sector, which in Mexico has proliferated to become the country…
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A worldwide phenomenon is the emergence of Fintech Startups. Which have been considered the ultimate bak disruptor by large companies such as JP Morgan. Meaning that they manage to challenge the financial monopoly of banks. However, a phenomenon that is occurring in the United States is the rebirth of small…
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To date, the relationship between traditional financial institutions and fintech companies seems to be more complementary and cooperative than competitive. However, the big technology, bigtechs such as Google, Amazon, Facebook and Apple, which have already begun to venture into financial services in certain jurisdictions, could represent a greater competitive impact.…
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The ability to perform usual banking from a modern and usable app is no longer simply something that increases the satisfaction of customers of a bank, but has become the key that makes a user choose one entity or another. Banks should focus on the implementation of personal finance management…
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The “Crypto Winter” should be taken as an opportunity to promote the dialogue on how banks and blockchain companies can work together, writes Michael Welti for finews.first. We are at the very beginning of a very exciting development. Different states, central banks, NGOs and private organizations are working on solutions…
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A Forbes ranking, created in cooperation with the Statista portal, assigns the Challenger Bank N26 top positions in several countries. At the center of the survey on the ranking “The World’s Best Banks 2019” was customer satisfaction. More than 40,000 people in 23 countries were surveyed by Statista for the…
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The goal of many Fintechs is the cooperation with a bank. And more and more financial institutions are open to such cooperation in order to increase their innovative strength. For a successful start, the financial startups should prepare their pitch meticulously, but also consider other, complementary partnerships, says guest author…
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The New York-based commercial bank Signature Bank will begin offering financial services to fintech companies in the island state of Bermuda, the daily Royal Gazette reports on 28 February. Banks in Bermuda have mostly avoided dealing with the fintech industry, which needs financial services. Bermuda Prime Minister David Burt said…
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