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106

ING bond traders get cognitive boost with Katana

ING is rolling out an artificial intelligence (AI) tool, Katana, designed inhouse to help traders decide what price to quote when a client wants to buy or sell a bond. (more…)

Banks, Global trends, Hotnews

December 13, 2017

136

Commerzbank and HSBC form securities settlement JV

Commerzbank is looking to make savings by transferring its securities settlement operations to a new joint venture with HSBC Transactions Services. (more…)

Banks

December 11, 2017

137

SoFi partners WSFS Bank for cash management account

US online lender SoFi is gearing up to launch a cash management account early next year after inking a payment processing and debit card sponsorship agreement with WSFS Bank. (more…)

Banks, Global trends, p2p/online lending

December 8, 2017

114

Icici takes the paperwork out of PPF account opening

ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a digital service that enables customers to open a Public Provident Fund (PPF) account instantly and in a completely online and paperless manner. (more…)

Banks, SME

December 8, 2017

109

Bank Indonesia to Bar Fintech Companies From Using Digital Currency on Platforms in 2018

Bank Indonesia announced on Thursday it has issued new regulations that bar fintech companies from using cryptocurrencies on their platforms. This news comes less than two months after the bank announced it has drawn up rules to monitor fintechs in the country. (more…)

Banks, Cryptocurrencies, Government activities

December 8, 2017

213

Starling Bank connects with Railsbank

Starling Bank has hopped on to the Railsbank platform, providing a firm footing for businesses to issue UK bank accounts and access Faster Payments via the Railsbank Open API. (more…)

Banks, Global trends, Open Source/ API

December 8, 2017

106

ANZ bolsters wearable payment options with Garmin Pay

By Anz

ANZ today announced its customers could now use Garmin Pay to make purchases on the go after the bank signed a partnership with the global wearables brand. (more…)

Banks

December 6, 2017

Orange Bank deploys Moneythor PFM app

By Moneythor

Moneythor, the financial technology company providing banks and fintech firms with a digital banking toolkit and data-driven personalisation engine, has been deployed by Orange Bank in its new all-in-one mobile banking service. (more…)

Banks

December 6, 2017

Open Banking – Consumer Impact

By Kunal Patel

I have read quite a lot on Open Banking over the last couple of years, what it means to the industry, the players and more importantly the consumer. The revised Payment Services Directive (PSD2) is required to be implemented in the UK by 13 January 2018. (more…)

Banks, Global trends, Open Source/ API

December 5, 2017

103

WePay CEO On Chase Acquisition And What’s Next

“A couple of years ago, everyone was talking about integrated payments,” WePay CEO Bill Clerico told Karen Webster in a recent conversation. “Now people aren’t just talking about it – they are doing it and focusing in on it.” (more…)

Banks, Deals, Global trends, Hotnews

December 5, 2017

161

Deutsche Bank hops on WeChat

Deutsche Bank is looking to keep in touch with its Chinese-speaking customers by jumping onto WeChat, the social media giant with nearly a billion active users. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

December 4, 2017

109

Money app Yolt hits 100,000 UK users in less than six months

By Yolt

Yolt, the money app owned by ING, has reached 100,000 registered app users in less than six months of Open Beta in the UK. (more…)

Banks, Deals, Hotnews, Mobile-first banks, PFM/PFP services

December 4, 2017

132

Monzo looks into opening Cardiff office

Digital challenger bank Monzo is hiring up to 60 customer operations staffers in Cardiff as it tests the waters ahead of a decision on opening a large-scale office in the Welsh city. (more…)

Banks, Mobile-first banks

December 4, 2017

154

Singapore October bank lending up 1.4%: MAS

SINGAPORE’S total bank lending in October climbed 1.4 per cent from September, on the back of higher loans to financial institutions. (more…)

Banks, Government activities, Hotnews

November 30, 2017

351

Nordea sets up fintech fund; invests in Betalo

Nordea has become the latest bank to set up a venture fund to invest in fintech startups and gain a headstart in the race towards digitalisation. (more…)

Banks, Deals, Global trends

November 30, 2017

144

Maybank’s Q3 profit up 13%, helped by Islamic banking business

[KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia’s biggest lender by assets, reported on Thursday a 13 per cent rise in third-quarter profit, lifted by higher net interest income and better performance at its Islamic banking operations. (more…)

Banks, Fintech news, Global trends

November 30, 2017

229

Nordea brings e-invoicing to Facebook Messenger

Nordea has collaborated with Nordic payments processor Nets on a service which enables consumers to post invoices and pay their bills via Facebook Messenger. (more…)

Banks, Fintech news, Global trends, Hotnews, SME

November 29, 2017

250

Chris Skinner Invests in Meniga, a White Label Digital Banking Solution

Chris Skinner, a Fintech industry commentator, author, speaker, and publisher of the Finanser blog, has invested in Meniga, a digital banking solutions. Skinner has been part of the Meniga Advisory Board since 2011. (more…)

Banks, Deals, Fintech news, Global trends

November 28, 2017

135

Bank Negara approves InstaRem mobile app for easy money transfer

KUALA LUMPUR: InstaRem Malaysia Sdn Bhd, a digital cross-border payments company, sees Malaysia as a large market for its digital remittance services. (more…)

Banks, Deals, Global trends, Hotnews, Remittances

November 28, 2017

112

ABN Amro’s Tikkie app kicks off partnership with Ajax

By ABN Amro

Ajax is to become the first Dutch football club to partner with the payment app Tikkie. (more…)

Banks

November 28, 2017

219

ABN Amro introduces instant payments

By ABN Amro

Starting today, clients of ABN AMRO and a number of other European banks will be able to enjoy superfast transfers between the participating banks. (more…)

Banks, Fintech news, Global trends

November 24, 2017

200

Sensory Partners with Fujitsu to Bring Biometrics to Mizuho’s Mobile Banking

Fujitsu has teamed with Silicon Valley-based Sensory to provide face biometric authentication for Mizuho’s mobile banking, reports Antony Peyton of Banking Technology(Finovate’s sister publication). (more…)

Banks, Deals, Fintech news, Global trends

November 24, 2017

230

Tandem Bank unveils credit card

By Tandem

We’ve previously used the hyperbole of ‘big huge news’ during an earlier burst of, well, big huge news, and now we’re stuck for synonyms to announce anything else. (more…)

Banks, Hotnews, Mobile payments/banking

November 23, 2017

121

Axis Bank uses Ripple to open new payment corridors between the UAE and Singapore

Standard Chartered, Axis Bank and Rakbank have begun to use RippleNet to send live cross-border payments on behalf of corporate clients and migrant workers. (more…)

Banks, Blockchain

November 23, 2017

155

BancoEstado and SumUp to launch mobile card acceptance in Chile

by SumUp

SumUp, the leading financial technology provider, and BancoEstado de Chile, the largest national bank of Chile, today announce the launch of a joint venture offering mobile card acceptance to small businesses. (more…)

Banks, Hotnews, Mobile payments/banking, POS/mPOS and online acquiring

November 22, 2017

166

Norway’s banks look to merge payment services

A group of Norwegian banks are preparing to merge their payments systems in an effort to protect themselves from an expected challenge from Silicon Valley. (more…)

Banks, Hotnews

November 22, 2017

HSBC names Google veteran as digital head

Mike Warriner, HSBC's chief information officer.

By Bryan Yurcan for American Banker

HSBC has named former Google engineering director Mike Warriner as the new chief information officer for its retail banking and wealth management digital division. (more…)

Banks, Fintech news, Global trends

November 22, 2017

209

DBS tasks Amazon Web Services with cloud training programme

By DBS

DBS Bank announced today that it is collaborating with Amazon Web Services (AWS) to further strengthen its technology talent pool by training them in cloud engineering skills. (more…)

Banks, Fintech news, Global trends

November 22, 2017

158

ICICI Bank and Paytm partner for digital credit provision

By ICICI

Paytm, India’s largest payments platform has partnered with ICICI Bank, the country’s largest private sector bank by consolidated assets, to jointly launch ‘Paytm-ICICI Bank Postpaid’, the most seamless way to access interest-free short-term digital credit. (more…)

Banks, p2p/online lending

November 21, 2017

180

ING brings data privacy to blockchain transactions

Dutch bank ING claims to have cleared a major hurdle in the use of blockchain technology in financial services: protecting data privacy. (more…)

Banks, Blockchain

November 21, 2017