Insurer Allianz has expanded its travel insurance coverage for neobank N26's users to include pandemic-related claims. This move comes as more incumbents turn to fintechs to boost their digital sales. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing.
The notification of plans by AIB, Bank of Ireland, Permanent TSB and KBC to co-develop a new payment app was found to be invalid. A plan by four of Ireland's pillar banks to build a Revolut rival has hit a stumbling block with the competition authorities.
Four leading banks may apply again to the competition watchdog to launch an instant payment app to rival Revolut. he plans were knocked back by the Competition and Consumer Protection Commission (CCPC) this week. It said it was unable to determine if the banks were planning a merger or an acquisition.
In today's top news, President Joe Biden's COVID relief plan is getting pushback from Republican lawmakers, and Instacart is terminating almost 1,900 jobs. Plus, Revolut and Chubb are partnering to provide users with purchase protection coverage.
pymnts.comIn today's top payments news around the world, Tiger Global Management has bought a 4.4 percent share in Just Eat Takeaway.com, while Shenzhen will continue China's digital yuan pilot. Plus, Chinese eSports company VSPN has notched $60 million in a Series B+ funding round.
pymnts.comInsurance provider Chubb has rolled out a new insurance partnership with digital banking services FinTech Revolut, according to a press release. With the partnership, Revolut customers will have access to a range of coverage, including purchase protection, refund protection and ticket cancellation in places where the Revolut account is used, the release stated.
pymnts.comThe notification of plans by AIB, Bank of Ireland, Permanent TSB and KBC to co-develop a new payment app was found to be invalid. A plan by four of Ireland's pillar banks to build a Revolut rival has hit a stumbling block with the competition authorities.
A plan by a group of Irish banks to set up an instant money-transfer app to take on the likes of Revolut and N26 has hit a stumbling block, as the Competition and Consumer Protection Commission (CCPC) pushed back their application to set up a joint venture because they did not provide enough information.
The Irish TimesGlobal financial services provider iBanFirst has launched a Payment Tracker that will offer transparent, real-time tracking services, according to a press release emailed to PYMNTS. The feature will be available for both payers and payees, and it will offer live updates on the status of international payments at all stages of the fund transfer process, the release stated.
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In a packed conference hall in central London, Revolut chief executive Nikolay Storonsky took the stage. This was 2018, and Storonsky had been invited to share the vision of his fast-growing financial app to private sector hotshots. The stakes were even higher though - senior officials from the Bank of England, the gatekeepers of the UK bank regime, were also present, listening carefully.
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KSU | The Sentinel Newspaper30% of the DriveWealth's orders in Q4 2020 were placed outside of normal trading hours A US fintech company has taken the unusual step of buying an NYSE floor trading firm known for servicing the institutional market place.
FinanceFeedsPersonio, a startup that provides HR software for small and medium-sized businesses, is now valued at $1.7bn following a $125m pre-Series D funding round. It brings the total investment in Personio to over $250m and cements its 'unicorn' status - private startups with a valuation of $1bn or more.
VerdictFintech Revolut targets 1,000,000 native prospects in Asia-Pacific push -
Fintech Zoom(Post-pandemic Era)- Global Online Banks Market 2021: Inclusive Insight Los Angeles, United States, January 2021: The report titled Global Online Banks Market is one of the most comprehensive and important additions to Alexareports archive of market research studies. It offers detailed research and analysis of key aspects of the global Online Banks market.
AIB, Bank of Ireland, Permanent TSB and the Belgian bank KBC's Irish branch are working together to launch an app offering digitised financial transactions. At a time when digital transactions are rapidly gaining in popularity and market share, traditional banking services are having to look to the future, and adapt to appeal to a younger market.
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The institution-focused crypto custodian is bringing staking services to its 165-plus customers. Fireblocks Rolls Out Staking Rewards for Eth 2.0, Polkadot and Tezos Announced Thursday, Fireblocks is partnering with staking infrastructure providers Staked and Blockdaemon to offer hosted proof-of-stake (PoS) services for Ethereum 2.0 and the popular Polkadot (DOT) and Tezos (XTZ) tokens.
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