Kakao Bank Reaches 820,000 Clients in 4 Days Since Launch
Kakao Bank, one of South Korea’s first digital only banks, says it has attracted KRW 535 billion ($477 million) worth of business in deposits and loans in just four days since its launch.
It has also attracted 820,000+ customers, and its mobile app has been downloaded nearly 1.5 million times.
Kakao Bank has lent KRW 260 billion ($232 million) to date and accepted the deposits of KRW 275 billion ($245 million).
The bank says its performance has far surpassed that of its rival K Bank, another digital only bank launched around the same time as Kakao Bank.
Cloud IQ Raises £4m Round Including an Investment from PayPal
Today Cloud IQ, the commerce optimisation platform, announces that it has raised a £4m round, including an investment from PayPal. This investment will enable Cloud IQ to democratise digital marketing, enabling businesses of all sizes to deliver dynamic individual user experiences that are beneficial to both consumers and the merchant.
Cloud IQ makes ecommerce sites work better without requiring any integration or changes to a site. Its platform interprets data and behaviour to provide individual experiences resulting in consumers becoming loyal customers. Global brands, Samsung, EE and TUI are taking advantage of Cloud IQ’s fully automated artificial intelligence (AI) platform enabling them to complete more customer journeys, driving up revenues and increasing marketing ROI.
Eurobank Integrates Masterpass Wallet for Online Payments
Eurobank, one of the leading banks in Greece, recently launched a mobile wallet integrating Mastercard’s Masterpass, in an effort to reduce abandonment rates in e-commerce payments.
The Bank has decided to integrate the wallet in its core Banking app (the “Eurobank Mobile App”) in order to capitalize on the existing user base and authentication mechanisms, aiming to provide optimum experiences and increase adoption rates. App users are able to perform their purchases either through the web or in-app, in online shops around the world that co-operate with Masterpass and validate their payments using the same credentials they already use for their core online banking transactions: their fingerprint or strong 4-digit pin (“one pin solution”). This omnichannel experience is further enhanced by the fact that Eurobank Masterpass service automatically hosts all customer Eurobank cards, of any kind and any scheme, as well as the addresses that the user has registered with the Bank.
Prosper Shut Down Prosper Daily App
Today we are announcing that we’ll be discontinuing the Prosper Daily app as of August 31st. To help our users through this transition, we’ve teamed up with Clarity Money, a personal finance app that offers many of the same features as Prosper Daily.
Since its launch in 2016, Prosper Daily has helped people track their spending, protect their identity and monitor their credit score. We’re incredibly thankful to all of our users and to everyone that has worked with us on Prosper Daily (formerly BillGuard) along the way.
N26 Offers Consumer Loans Completely Paperless
N26 Credit is a completely paperless way to get a consumer credit loan that allows you to borrow between €1.000 and €25.000.
No matter what you’re borrowing the money for, N26 Credit makes it super easy to receive the money and manage your repayments. We’re pleased with the stories of loans we’ve been able to offer so far, but we’re even happier to announce that we will now be able to offer far more loans than we have before with our new partner auxmoney.
