Mobile Banking

Last week, MoneyLion Inc (NYSE: ML), formally closed on its merger with special purpose acquisition company (SPAC) Fusion Acquisition Corp. and began trading on the New York Stock Exchange. As part of the development, Benzinga chatted with cofounder and CEO Dee Choubey. Background: Founded in...

By Addisson Shaw In the age of technology, there’s never been a greater demand for effective, secure online and mobile banking transaction services.  Accurate and reliable customer identification technologies are increasingly implemented to halt banking fraud, prevent theft, and keep...

Founded in 2007, London-based Prepaid Financial Services Limited provides payment technology solutions such as e-wallets, consumer cards and online cardholder services. CEO Noel Moran is a fintech magnate with extensive experience in the industry. Following 10 consecutive years of revenue...

JPMorgan Chase & Co. (NYSE: JPM)'s CEO Jamie Dimon announced Tuesday in an op-ed piece in theNew York Times that thousands of employees will see a pay raise. Dimon said 18,000 employees who are currently earning the firm's minimum salary of $10.15 an hour will see their pay increase to between...

For every four Bank of America Corp (NYSE: BAC) branches that operated in 2009, one is likely closed today. According to CNN Money, Bank of America now boasts 23 percent fewer branches today than it did seven years ago. The closures aren't due to a failing business, rather a "digital disruption,"...

Orange SA (ADR) (NYSE: ORAN), a France-based European mobile operator, announced on Friday it has entered into an agreement to acquire Groupama Banque, a France-based financial institution that provides a range of banking products and services to individuals, professionals and companies. Orange...

While mobile banking innovations have taken leaps and bounds within the last year, using always-accessible tech gadgets is not limited to the casual financer. Mobile wallets have taken the average American by storm, providing banking options at the swipe on a cell or a touch on an Apple Watch....

A recent banking case study conducted by Shoeboxed cites that while 55 percent of Americans use mobile banking on a regular basis, a probable cause for the lack of more universal adoption might be "the lack of more personalized, consumer-centric features." Based upon these disparities...