Fintech, Finance, Technology, Banking Highlights – 6 February 2018
Challenger Bank Tandem Partners with Cognitive Banking Company Personetics
Tandem, The Good Bank, is partnering with Personetics, the provider of Cognitive Banking applications, to harness the power of artificial intelligence for the benefit of their customers.
Personetics’ Cognitive Banking Brain enables Tandem to offer personalised insights and guidance that anticipate customer needs making it easier for them to manage their money.
“Our primary focus is making money so easy for our customers that they can get on with their life,” said Tandem’s chief executive, Ricky Knox. “Together with our use of Open Banking, Personetics enables us to leverage innovative intelligence to know our customers better, predict their needs, and help them make better decisions about their money with as little effort as possible on their part. We want to do the heavy lifting for them, so they can go about their lives and not worry about day-to-day finances.”
Paytm, India’s top mobile payments firm, Canada partners Payment Source
Paytm Canada, a payments and financial services company that offers a mobile payments and commerce platform, has partnered with Payment Source an alternative payments provider.
Using Payment Source’s proprietary Loadhub in-person payment network, Canadians can walk into any of the 6,000 Canada Post locations and directly deposit cash into their Paytm app without incurring any transaction costs. Paytm Canada is a subsidiary of Paytm, India’s largest mobile payments provider with more than 200 million users and is registered with FINTRAK. This new feature furthers Paytm Canada’s continued effort to provide a convenient solution to make the bill payment experience an instant one for Canadians.
With the Payment Source partnership, Paytm Canada’s mobile bill pay application now offers Canadians, who prefer dealing in cash the ability to top-up the Paytm app with cash in order to pay their bills. Paytm Canada allows Canadians to pay their bills at more than 5000 billers instantly through their cell phones and earn rewards and cashback offers for doing so. Canadians can add money to the Paytm app from their bank account, debit card or via cash with no transaction fees
“We are very excited to partner with Payment Source to add the Canada Post network to our platform, and to open doors to Canadians who otherwise would not be able to add cash to their Paytm account,” said Harinder Takhar, CEO Paytm Labs. “Paytm Canada is tenaciously revolutionizing the bill payment experience to provide all Canadians a seamless, instant and cost-free mobile account to manage their bill payments.”
Banking challenger Banco BNI Europa links up with crowdfunding lender
Banco BNI Europa has started to invest in loans through the Fellow Finance platform as the first European bank.
As a modern bank and a forerunner in FinTech partnerships Banco BNI Europa will now be present on the Nordic and Central European consumer loan and SME loan market as investor through Fellow Finance.
“Modern banks expand and grow by partnerships. Fellow Finance enables and offers an easy access to invest and lend in Nordic and Central European consumer and SME loans through its platform. Through their investment account at Fellow Finance, Banco BNI Europa is able to diversify their balance sheet investment into Finnish and German loans easily and cost-effectively. This is an example that banks don’t need to set up their own expensive operations on ground but can effectively enter markets through marketplace lending platforms. It is also an example how banks can also utilize the presence of FinTech among their core business” says Jouni Hintikka, the CEO of Fellow Finance.
