The Monetary Authority of Singapore (MAS) is reported to be evaluating if it should allow FinTech companies to operate in the city under a virtual banking license. Banks in Singapore... more
The post Singapore exploring virtual banking licenses for FinTechs appeared first on Payments Cards & Mobile.
The journey from unbundling to rebundling and back has been a formidable one. Open Banking and emerging technologies and the pace of innovation are driving changes throughout the banking industry... more
Banking customers are increasingly opening multiple accounts, particularly the younger generations, with up to a third of Millennials and Gen-Zs having opened at least two new accounts in the past... more
Google has announced that it has been granted an e-money licence and authorised as a payment institution in the Republic of Ireland, paving the way for it to begin providing new... more
In the last couple of weeks two Challenger banks have hit the UK. N26 is a German direct bank, headquartered in Berlin, that offers its services throughout most of the... more
The post Why the High Street banks should start to be concerned by the Challenger banks appeared first on Payments Cards & Mobile.