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i2c: Mobile Banking, Credit Drive FinTech Opportunities Beyond The ‘Simple’ DDA

PYMNTS

But while some might think the mobile banking innovation trend is a U.S.-dominated Mobile isn’t a U.S. Mobile isn’t a developed market phenomenon. He added that outsourcing technology to someone with an agile platform is one way to equalize the playing field and beat the big guys at their game. phenomenon.

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Why Mobile Banking Is Key To Helping The Underserved

PYMNTS

A new report from the Federal Deposit Insurance Corporation (FDIC) shows that mobile banking can empower underserved customers to have greater control over their finances and ultimately open up access to mainstream banking. The good news is that mobile banking usage is reportedly on the rise.

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Pockit to buy Monese

Finextra

Pockit, a UK fintech that provides financial services to low-income and underserved customers, has agreed terms to acquire struggling mobile banking outfit Monese.

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Indonesia’s Krom Bank Taps AWS Cloud Expand Its Digital Banking Services

Fintech News

Anton Hermawan “AWS provides the flexibility we need to rapidly evolve our suite of financially-inclusive mobile banking services, making them engaging and easy to use. Cloud technology helps us deliver innovative and secure financial services to Indonesia’s youth and previously underserved part of Indonesia’s population.”

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Amaiz Debuts Mobile Banking App For Startups

PYMNTS

While B2B FinTech designed for small businesses (SMBs) has taken off in recent years, mobile-first products remain relatively rare. In the banking sector last month, Santander introduced trade finance functionality onto its mobile banking app Asto, designed for small businesses.

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Nigeria Turns To FinTechs To Boost Financial Inclusion

PYMNTS

“Nigerians in underserved locations will have access to cost-effective payment services, cash-in and cash-out facilities, and savings products.”. Emefiele said that three licenses have been issued by the central bank for “shared-agent” and payment-banks. Only one mobile banking license has been issued this year.

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ETA Releases Annual Report on Advancing Economic Inclusion – Empowering Underserved Communities with Fintech

Electronic Transactions Association

The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech , highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.