The Week in Review

The Week in Review

Friday July 20, 2018 –

Here are the new and noteworthy stories we have been following this week.

Klarna prepares for launch of payment card and for expansion

Klarna is preparing to launch a payment card and planning for an expansion.

Mastercard enlists Worldpay to push Vocalink’s Pay by Bank app

Mastercard to work with Worldpay to grow ‘Pay by Bank’ and merchant payments via bank transfer.

Barclays Mulls U.S. Push as Activist Looms

Barclays considering US expansion to drive revenue and fund US operations.

Hong Kong regulator, banks launch blockchain-based trade finance platform

Hong Kong Monetary Authority and seven banks to launch blockchain-based trade finance platform.

American Express Reports Second Quarter EPS of $1.84

Amex reported second-quarter net income of $1.6 billion, up 21% from $1.3 billion a year ago.

Bureau of Consumer Financial Protection Announces Director for the Office of Innovation

CFPB announces new Director of Innovation and launches “regulatory sandbox” to spur fintech growth.

Chinese tech giant Tencent plans to expand its US payments footprint — despite ongoing trade war

Tencent planning to expand its WeChat Pay service to the US.

Elevate Launches Prime Credit Card for Non-Prime Consumers

Elevate launches new credit card program targeting non-prime consumers.

Capital One Reports Second Quarter 2018 Net Income of $1.9 billion,
or $3.71 per share

Capital One announced second-quarter net income of $1.9 billion, up 46% from the previous quarter.


UOB taps Personetics to gain deeper customer insights

United Overseas Bank (UOB) to work with AI firm Personetics to drive deeper consumer engagement.