Payments News

On The Web

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Domains

SoFi Rolls Out Mobile Checking Account Aimed At Millennials

“The checking account, which is in beta, is called SoFi Money. It marks an important step for the company that started out as a digital lender seven years ago, then branched out to wealth management, personal loans and mortgages. SoFi is aiming at digitally native millennials; owning deposit relationships keeps customers within SoFi’s ecosystem and lets it cross sell […]
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Domains

Plum, The Fintech Chatbot That Helps You Save, Adds Theme-Based Investing

“Plum, the fintech startup co-founded by early TransferWise employee Victor Trokoudes, is continuing its mission to help you manage your finances and save money. The AI-powered Messenger chatbot already offers savings functionality, including round-ups and regular savings, and today is launching an investment tool that lets you choose fund investments based on themes, such as ethical […]
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Domains

Digital-Only Banks Grapple With Integrating ‘Human’ Interaction Into Their Products

“Recent customer surveys indicate otherwise, according to research findings released this month from Celent, commissioned by Samsung. It revealed that customers want some kind of human interaction for complex issues. The study found that about half of U.S. banking customers aged 18 to 44 said they banked digitally, but prefer to resolve some matters in-person. Overall, […]
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Domains

Postbank Kenya unveils mobile banking service M-chama

“According to Kenya Broadcasting Corporation (KBC), the bank, aka Kenya Post Office Savings Bank, will offer loans. KBC says M-chama currently has close to 2,500 groups registered and expects to recruit 3,500 more groups by the end of the year. KBC adds that more than 45 million Kenyans own a mobile phone. State-owned Postbank will have competition in Kenya’s mobile market.”
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Providers

T-Mobile launches mobile banking solution T-Mobile Money, available now on Android and iOS

“The service, which is currently in an early pilot program, works just like a traditional bank, because it is backed by BankMobile, a division of Customers Bank. This allows the otherwise online-only bank to have an ATM presence via Allpoint ATMs. T-Mobile Money also prides itself on its lack of fees, including account fees, overdraft […]
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On The Wires

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Use

New U.S. Bank Mobile App Delivers Personalized Insights

“U.S. Bank unveiled its entirely rebuilt U.S. Bank mobile app , co-created every step of the way with its customers. The resulting app is one of the most comprehensive and useful mobile banking app experiences, fueled by extensive research on how people use their mobile apps and an analysis of consumer needs.”