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RBS Shutters Bó To Focus On SMB Challenger Bank Mettle

PYMNTS

The demise of Bó collides with other high-profile firms that didn’t work out in the battle among big banks and digital-only challengers. Bó was first launched by RBS in September 2018 to address the increasing popularity of newer electronic banks like Monzo, Revolut and Starling.

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Vietnam’s Digital Finance Landscape: Banks Gain Ground Amidst Shifting Competition

Fintech News

Each Agribank Digital machine is equipped with the functions of a banking transaction office such as identification, registration of biometric information, account opening and card issuance, electronic banking services, loan application, and financial transactions.

Finance 114
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TerraPay/UBA Linkup Enables Real-Time Money Transfers Throughout Africa

PYMNTS

. “As Africa ‘s global bank, we are delighted to open up a fresh opportunity for real-time money transfer in partnership with TerraPay. This is another huge step in improving access to financial services for our customers across the globe,” said Sampson Aneke, group head of transaction and electronic banking for UBA Group.

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PSD2 Is Coming To Europe And Bringing Big Changes

PYMNTS

Specifically, the PSD1 regulations allowed more electronic banking and financial institutions the ability to provide payment services, promoted the rise of FinTechs and laid out a more specific set of digital finance parameters. It also gave customers more rights over how their information could be shared between different companies.

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Death And Taxes: One Is Becoming Much More Digital

PYMNTS

As of May 2018, over 85,297,000 million taxpayers have received faster federal tax refunds via direct bank deposits into bank accounts through electronic bank transfers. About 92 percent of the 141.5 million federal tax returns submitted last year were filed digitally. That’s up from about 59 percent in 2008. “As