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The Future Is Here: Google Moves Forward With Its Banking Marketplace

Forrester IT

As discussed in Forrester’s recent research on the future of banking, success for many banks will come from powering products and distributing through others’ marketplaces. And Google is now moving ahead with its plan to launch one of those marketplaces.

Banking 437
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Bud Financial helps banks and their customers make more informed decisions using AI with DataStax and Google Cloud

CIO Business Intelligence

For banks, data-driven decisions based on rich customer insight can drive personalized and engaging experiences and provide opportunities to find efficiencies and reduce costs. For Bud, the highly scalable, highly reliable DataStax Astra DB is the backbone, allowing them to process hundreds of thousands of banking transactions a second.

Financial 131
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Google halts plans for Google Pay-based banking service

The Verge

Image: Google. Google has stopped working on its Plex service, which aimed to let you do your banking through the Google Pay app. The service was supposed to let users sign up for checking or savings accounts offered by a variety of traditional banks that the user would then manage through the app.

Banking 72
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Some Russian bank customers have been cut off from Apple Pay and Google Pay

The Verge

Financial sanctions from several countries bar some card payments through Google Pay and Apple Pay. Customers at a number of banks in Russia can no longer use their bank cards with Google Pay and Apple Pay due to newly-imposed financial sanctions on the country, as reported by Insider.

Banking 98
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The Google Pay app is shutting down in the US, to be replaced by Google Wallet

TechSpot

According to Google, users will no longer be able to send, request or receive money from others through the US version of the Google Pay app after June 4. People wanting to view and transfer their Google Pay balance to their bank can do so until June 4, but if. Read Entire Article

Google 81
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Schrodinger’s Open Banking

CIO Business Intelligence

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 98
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Schrodinger’s Open Banking

CIO Business Intelligence

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 98