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NEWS N26 offers payments by voice command
become the first FI in the country to let customers send money to people using iPhone’s Siri, following the release of Apple’s iOS10. They can also request money from their N26 contacts using iMessage. Transfers of up to Euro 25 per transaction and Euro 100 per day are possible. “Our customers can transfer money by simply saying a single sentence. It doesn’t get easier than that!” says Valentin Stalf, Founder and CEO of N26.
G
N26, formerly Number 26, recently received a full banking licence from the Federal Financial Supervisory Authority (BaFin) and the European Central Bank. It is now looking to roll-out real-time credit, increased security through artificial intelligence, and expense sharing over the next 12 months. It has acquired around 200,000 customers across eight European markets since its January 2015 launch. It also recently raised $40 million
Time for change, SWIFT told
large banks to publicly call for a reform of SWIFT. The organisation is only as strong as its weakest member, the German FI’s Chief Information Security Officer Hinrich
D eutsche Bank has become one of the first
Voelcker said in September, adding the bank was in discussions with SWIFT about the consequences of February’s $81 million heist at Bangladesh Bank, which resulted in a barrage of criticism being aimed at the global financial messaging system. “If trust in this system breaks down we all have a problem,” he said, although he didn’t add which specific reforms were needed.
During August, SWIFT revealed further hacking attacks on its member banks. In a private letter to clients, it said: “Customers’ environments have been compromised, and subsequent attempts (were) made to send fraudulent payment instructions. The threat is persistent, adaptive and sophisticated – and it is here to stay.”
Scott Thompson erman digital-only bank, N26, has
in a Series B financing round led by Horizons Ventures, who was joined by Battery Ventures and Robert Gentz, David Schneider, and Rubin Ritter. Existing investors Peter Thiel’s Valar Ventures, Earlybird Ventures, and Redalpine Ventures were also involved. The challenger bank has now pulled in more than $53 million in funding.
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2016
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