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Credit card firm MBNA sold to Lloyds for £1.9bn
Lloyds in first acquisition since financial crisis Credit card firm MBNA is to be taken over by Lloyds. The firm’s current owner, Bank of America, has agreed to sell it for £1.9 billion. The deal is...
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Bank of America zooms in on Zelle for mobile banking
Check please! Bank of America has chosen the person-to-person (P2P) Zelle service within its mobile banking app as part of its digital drive. Zelle will let clients send, receive and request money,...
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Google’s Android Pay gets a hand from banks and PayPal
Google is banking on mobile apps to boost its mobile wallet. The Android Pay parent has linked that service to a handful of banking apps, giving consumers the ability add their cards more quickly to...
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Bank of America simplifies money management with third-party apps
Bank of America is testing a service enabling its customers who use third-party data aggregators to view their financial information in one place, reports Paybefore (Banking Technology‘s sister...
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Bank of America signs for Oracle ERP
Bank of America goes to the cloud. Image source: Reuters/Shannon Stapleton Bank of America is rolling out Oracle’s cloud-based ERP system and financial applications for its international general ledger...
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Fintech earnings round-up: 24 July 2017
It’s been a busy time for second- and fiscal third-quarter earnings reports. Features Bank of America, Amex, Blackhawk Network and Visa. Banking Technology’s sister publication Paybefore reports. Bank...
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Blockchain and Bitcoin round-up: 1 August 2017
The world of blockchain and Bitcoin rumbles on with patents, platforms and positives. Our latest round-up features Bank of America, Blackmoon Financial Group, and research from Cognizant. Bank of...
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Where top US banks are investing in fintech – CB Insights
Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to CB Insights. The research company says that...
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Samsung to power biometric authentication pilot for Bank of America
Samsung will launch a pilot programme that enables Bank of America (BofA) customers to log into their mobile banking app by taking a picture of their eye, reports Finovate (Banking Technology‘s sister...
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Blockchain: a world of possibilities
Blockchain: a world of possibilities Amid the hype around distributed ledger technology and blockchain it can seem they are technologies looking for solutions. In the heavily paper-based business of...
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