Mobile & online banking

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RBI bars Kotak Mahindra from digitally onboarding new customers

The Reserve Bank of India has ordered Kotak Mahindra Bank to stop onboarding new customers via digital channels and to pause issuing new credit cards because of failures with the lender's IT systems.


NextGen Nordics 2024: BNPL just has a bad rep

At NextGen Nordics 2024 in Stockholm, experts engaged in a lively conversation on Buy Now Pay Later (BNPL) in a panel session.


NextGen Nordics 2024: Nordics can look outwards for new instant payments approaches

In the first panel of NextGen Nordics 2024, Finextra’s head of content Madhvi Mavadiya moderated the session: ‘Instant payments – how to prepare for RIX-INST on TIPS and the benefits of starting with Swish’.


Revolut valuation raised 45% by investor

With its valuation raised 45% by an investor, UK-based fintech Revolut is pumping $100 million into Mexico as it seeks to cash in on the lucrative Latin American remittance market.


Romania's Salt goes live with Starling's SaaS platform

Romanian digital bank Salt has gone live on Starling's SaaS platform Engine, onboarding 100,000 customers in its first two weeks.


Zopa eyes IPO after hitting FY profitability

UK digital bank Zopa has swung to its first full year profit as it prepares to start offering current accounts and eyes a future IPO.


Revolut secures Mexican banking license

British-based fintech Revolut has set its sights on Mexico after securing a banking license in the country.


Santander brings Openbank digital brand to US

Santander is launching its Openbank digital offering across the United States and Mexico.


Bank of Ireland blames latest glitch on "technical issue"

Bank of Ireland (BoI) was hit by another outage on Friday when its mobile banking app went down for around four hours.


SC Ventures and NEXT176 partner up to launch financial wealth platform

Standard Chartered’s investment ventures arm, SC Ventures has joined forced with building and investment arm of Pan-African financial services group Old Mutual, NEXT176, to roll out a financial wellness platform.


Russia targets Apple over banking apps

Russia's antitrust agency has set its sights on Apple, saying that the US firm has removed banking and payments apps from its App Store, according to Reuters.


Santander hires former Marcus head Swati Bhatia to lead US digital charge

Santander's US arm has hired Swati Bhatia, the former head of Goldman Sachs' Marcus business, to lead its retail operations and lead a digital transformation programme.


Chase wealth planning tool draws millions of users

JPMorgan Chase says its free Wealth Plan digital money coach has helped customers create more than a million personalised plans in just a year since launch.


Paynetics buys 'impact' banking app Novus

Bulgarian embedded finance provider Paynetics is making an ESG play through the acquisition of UK 'impact neobank Novus. Financial terms were not disclosed.


BofA rolls five apps into one

Bank of America has given its mobile service a major overhaul, unifying apps for banking, investing and retirement into one personalised digital experience.


Nationwide adds British Sign language to online content

In honour of Sign Language week, Nationwide has rolled out a new digital service for deaf customers by providing its website in British Sign Language (BSL).


EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.


MPE 2024: AI-driven misinformation and consumer education in fraud

In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.


Lloyds teams with fintech startup ApTap to help people manage household bills

Lloyds Bank is to make managing household bills easier for mortgage customers through a partnership with ApTap, a fintech startup graduate of the bank's 'Launch' innovation programme.


MPE 2024: What will be the impact of a digital euro?

At the Merchant Payments Ecosystem 2024 conference in Berlin, Evelien Witlox from the European Central Bank (ECB) presented a keynote on the possibilities of a digital euro.