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Intesa Sanpaolo invests in digital insurance startup Yolo

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Intesa Sanpaolo Group has invested in Italian digital insurance services and brokerage group Yolo through Neva Finventures, the firm’s corporate venture capital company. The insurtech platform...

First Direct enables payments through messaging apps

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Online and telephone-only bank First Direct has partnered with social payments startup PayKey to enable its customers to make payments while chatting on messenger...

Acorns raises $105m in Series E Funding; signs content deal with...

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Mobile app-based savings and investment platform, Acorns has raised $105 million in Series E funding, led by NBC Universal and Comcast Ventures. The round was...

IBM inks $260m services deal with Bank of Philippine Islands

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Bank of Philippine Islands is signing a $250 million deal with IBM to accelerate it's digital transformation by providing IT infrastructure services that can...

Santander risks 1200 jobs by shutting down 140 branches

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Spanish bank Banco Santander has revealed plans to close down around 140 of its UK branches over digitalization, putting nearly 1,200 jobs at risk. With...

Microsoft Wallet ends its service

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Unsuccessful in keeping up with the competition, Microsoft is shutting down the service of its contactless payments app for Windows phones. With the Windows 10...

Alipay receives second European e-money license ahead of Brexit

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Chinese online payments solution from Alibaba, Alipay has been awarded its second e-money license in Luxembourg to serve in Europe. Already holding a licence issued...

AXA IM and Dreams team up to help millennials invest

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AXA Investment Managers has made a strategic partnership with Stockholm-based mobile savings and investment platform Dreams, aiming to provide millennials investment services. Joseph Pinto, Global...

Atom Bank seeks advisers ahead of BBVA takeover

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UK's leading digital-only lender Atom Bank looks to hire Citi as advisers to navigate the board for a possible takeover by Spain's second-largest lender,...

ABM Amro rolls out wearable payments

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ABN Amro has introduced contactless wearables for its retail customers to pay higher amounts at point-of-sale using PIN. "We continuously work on all kinds of...