KT Corp prepares Shinhan Bank for life in the metaverse
Excitement about the industry’s most recent buzzword is spreading rapidly to the financial sector.
Telecoms.com
financial services
Orange has to spend more to boost loss-making banking business
Orange is taking sole control of its banking endeavour as well as feigning enthusiasm for ploughing extra cash into the outfit.
OnlyFans, Locals, Stripe, and the payment processor police
Social subscriber platform OnlyFans is reportedly banning sexually explicit content, undermining the businesses of many of its creators in the process.
Orange buys into African digital healthcare platform
Orange has teamed up with insurance firm AXA Assurance Maroc to buy a majority stake in DabaDoc, a Moroccan digital healthcare platform.
Orange boosts banking presence with Anytime acquisition
Orange is ploughing more money into its nascent banking operations in Europe, this time by acquiring small business focused neobank Anytime.
Study claims Financial Identity as a Service could add $250 billion to global GDP
A report published by Oxford Economics has looked into the implications of bringing into the financial system the millions of people currently excluded from it.
Facebook can’t stop dabbling in financial services
Not content with trying to create a new global currency, Facebook now lets you pay for stuff through all its apps.
Facebook’s Libra cryptocurrency coalition starts to crumble
Internet financial services giant PayPal is the first member of the Libra coalition to jump ship and probably won’t be the last.
Apple credit card is up-and-running
As promised by CEO Tim Cook during the last earnings call, the Apple Card is set to debut this month, with the team already taking applications from consumers.
Prepaid market is an operator blind spot – research
Some new research commissioned by mobile financial services company Juvo has concluded operators are wasting loads of cash through prepaid churn.
Square stands up for small retailers in the mobile era
US mobile payment processing outfit Square reckons its new stand will empower small businesses in a way that traditional financial services have failed to do.
Orange quarterlies shows convergence can actually deliver
Orange has kicked off 2017 with a solid (albeit not mind blowing) first quarter, reporting 0.6% year-on-year growth, but is starting to show some real momentum in the convergence arena.
Orange buys Groupama for 2017 mobile bank launch
Orange has made a significant stride in mobile banking by acquiring a majority stake in financial services firm Groupama.
Study reveals significant mobile financial services market potential in Europe
A study into attitudes to mobile financial services suggests that Europeans could be a lucrative target market for telcos in the next 12 months.
Ericsson moves into mobile financial services
Swedish vendor Ericsson has announced its entry into the mobile financial services market, with the launch of Ericsson Money Services. Aiming to address demand for mobile financial services in both developed and developing markets, the firm said that it is “set to create a global ecosystem that make sending money person to person as simple as sending an SMS.”
KDDI makes investment in financial solutions firm
Japanese carrier KDDI has invested $22m in US financial solution provider Microfinance International Corporation. The operator said that the deal will allow the two firms to develop an open mobile payment platform that will be made available to mobile operators worldwide.
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