Elon Musk is no stranger to shaking up financial services, having founded online bank X.com (later to merge into Paypal) over 25 years ago. And he’s looking to take further control of the world of digital finance and social media with a groundbreaking partnership with Visa to launch its new financial service, XMoney.
Tag: banking
Barclays Apologises For Online Banking Technical Issues
Barclays has issued an apology to customers for the disruption to online banking and payments which began on Friday 31st January. In an email to customers, Vim Maru, the Barclays CEO, said that everything was back working correctly again: On Friday and across the weekend, you may have been affected by technical issues we had […]
“New” Bank Monzo Reaches 10 Million Customers
After 8 years, 1 name change and a sausage roll-dispensing “cash machine”, Monzo has hit the landmark of 10 million personal account customers.
Banking Apps “Save Brits Average of £173 a Month”
Nearly half of Brits have saved money from using banking apps, crediting instant access to statements, savings goals and payment reminders for helping them to save cash. Interest in challenger banks on the rise, with nearly 1 in 5 (18%) using a challenger bank or app, and a further 25% interested in doing so.
Revolut launches smart Subscriptions feature
Revolut hasannounced the launch of its new Subscriptions feature, a simple way to track all subscriptions, Direct Debits, and recurring payments in one place.
NatWest “Mimo” – New Personal Finance App Trialled
A virtual personal assistant to help customers manage their financial life.
HSBC Launches “Connected Money” App
New HSBC Connected Money app lets customers see accounts from different banks on one screen.
HSBC Launches Talking Cash Machines
HSBC UK has announced that it has rolled out over 1,500 “talking cash machines” across the UK, allowing customers who are blind or partially sighted to receive spoken instructions.
Cleo: Money Management Via Text & Facebook Messenger
Cleo is a tool dubbed as an “intelligent assistant for your money”, which you can communicate with via text and Facebook Messenger.
Ernest: Latest Chatbot To Bring Artificial Intelligence To Your Bank Account
Ernest is the latest “chatbot” which merges artificial intelligence, natural language and your bank account data in order to provide an easy way to keep track of your money.