Smartphone-connected debit card teaches kids how to take care of their finances

Money management isn’t something that’s officially taught in schools, which means many people reach adulthood without really knowing what’s best for their finances. The KidZania Mumbai theme park has previously enabled children to roleplay as bank customers in order to teach them about the real world, and now UK-based Osper is a prepaid debit card for pocket money that gives 8-18 year olds independence while providing parents with tools to track their spending. READ MORE…

From Germany, legal ID verifications through the web

Confirming the status of legal documentation is typically done through physical checks in person to ensure security. However, we have already seen companies like NetVerify tackle online verifications, and now Germany’s IDnow is able to perform all the necessary tests to legally identify online customers. READ MORE…

Card that stores an entire wallet breaks pre-order goal in 40 minutes

In a world where a virtual currency with no physicality at all has rallied at more than USD 700 in the past few days, consumers are looking for digital alternatives to their bulky wallets. Breaking its pre-order target of USD 50,000 in just 40 minutes this week, Coin is also aiming to replace the wallet with a single card that can manage multiple credit accounts, gift cards and loyalty cards, while also alerting owners if it gets lost. READ MORE…

Credit card protects seniors from fraud

The elderly population are one of the most vulnerable when it comes to financial fraud, and statistics show that this exploitation costs seniors around USD 2.9 billion a year. In order to provide a barrier between older people and scammers, the True Link card monitors payments and instantly alerts carers or relatives when a suspicious transaction is made. READ MORE…

Video-enabled ATM connects users with remote bank tellers

Queuing for banking services can be a pain for customers, but telling machines can often be confusing or tricky to operate. The NCR APTRA Interactive Teller uses telepresence technology to deliver real-time customer service to ATM users, offering help and advice remotely. READ MORE…

App-based bank puts a social twist on finance

Most high street banks have already launched their own smartphone apps to offer customers simple access to their accounts. Russia’s Instabank, however, is an entirely app-based bank that uses Facebook and Foursquare data to make money transfers and bill tracking easier. READ MORE…

Bus brings banking services to customers in rural areas

Boston’s City Hall To Go scheme has seen the municipality’s administrative services placed on wheels to reach those in the suburbs, and now Spain’s Bankia hopes to do the same for its financial services, with the aim of helping out those in rural locations. READ MORE…

App enables consumers to challenge wrong charges immediately

Regular readers of Springwise may remember BillGuard, the platform that enables consumer to check and dispute so-called ‘gray charges’ – hidden fees, payments charged by mistake, bills that haven’t been cancelled and fraudulent transactions. The Israel-based company has now launched the new BillGuard app, allowing users to immediately dispute charges and keep in contact with merchants to resolve the issue wherever they are. READ MORE…

In France, p2p lending meets Kickstarter-style crowdfunding

Regular readers of Springwise may remember Kisskissbankbank, the France-based site we covered back in 2009 that allows music fans to invest in artists’ future. The team behind it is now back with a new project called hellomerci, a peer-to-peer lending platform that uses Kickstarter-style crowdfunding elements. READ MORE…

Banks helped to assess consumers without credit histories through behavioral analysis service

We’ve seen a couple of efforts to introduce quick and easy banking services in developing nations. Now addressing the topic of credit-worthiness, Cignifi aims to help banks meet the needs of the 2.7 billion such people worldwide by offering credit and marketing scores for consumers using just mobile phone behavior data. READ MORE…

Bank helps unemployed customers avoid foreclosure via job search assistance

There are many ways a company can help its customers survive life’s daily challenges, but offering job search assistance to those who are unemployed surely goes above and beyond what’s normally available. However, Ohio-based Fifth Third Bank has taken this step, having teamed up with employment firm NextJob to offer unemployed mortgage borrowers free job search assistance, including one-on-one dedicated coaching, weekly webinars and online job search software. READ MORE…

Smartphone-based bank helps customers make better use of their money

While the big banks have often been slow to take advantage of new technologies, startups such as Simple have realized how smartphones can help streamline financial transactions. Now Movenbank is offering a similar solution, with integrated tools to aid account holders in identifying how they could be saving money. READ MORE…

Service aims to make banking simpler

Making financial services easier for consumers to deal with was the aim of the Wallaby card, recently featured on these pages. Now taking a different approach, Simple is a new service that also offers greater control of accounts with multiple online and mobile features. READ MORE…

In Japan, cardless ATMs will scan users’ palms

Biometric technologies can help bring banking to illiterate users, as we saw in our article about NCR’s Pillar ATMs last fall, and now we’re seeing how they can be put to use in a completely different scenario. Specifically, in times of disaster, cardless banking ensures consumers can still access their accounts. Inspired by just that need, Japan’s Ogaki Kyoritsu Bank will soon roll out a line of ATMs that scan users’ palms and require no external form of identification. READ MORE…

Singapore bank targets young adults with tailored products

In this era of financial crisis, many banks find themselves struggling to gain favor and trust among young adults. Hoping to rectify this, Singapore’s OCBC Bank recently launched a new banking service targeting just those consumers, with a variety of tailored products and services served up with a splash of youthful style. READ MORE…