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204

BofE says Ripple PoC reinforces desire for DLT compatibility

The Bank of England says that a distributed ledger technology proof-of-concept with Ripple has reinforced its intention to make a new real-time gross settlement (RTGS) platform compatible with DLT usage in the private sector. (more…)

Banks, Blockchain

July 11, 2017

218

Deutsche Börse makes $10 million investment in Trumid

Deutsche Börse has made a $10 million minority investment in electronic bond trading network Trumid. (more…)

Banks, Deals, Global trends, Hotnews

July 11, 2017

Fidor Bank’s Digital Marketplace Features Nutmeg as Inaugural Partner

Fidor Group has been at the forefront of fintech innovation since it received its banking license in 2009. (more…)

Banks, Mobile-first banks

July 11, 2017

171

Mizuho completes DLT-based trade finance transaction

Mizuho has completed a trade finance transaction between Australia and Japan, digitising all necessary documentation and sharing the data with multiple participants across a distributed ledger. (more…)

Banks, Blockchain, InspirAsia

July 10, 2017

150

N26 to bring Apple Pay to Spanish customers

By n26

When we recently broke the news that we’ll be bringing Apple Pay to Italy, we received dozens of messages asking when we might introduce it to more countries. (more…)

Banks, Deals, Fintech news, Global trends, Mobile-first banks

July 10, 2017

Nordea to deploy AI to speed up customer service

Nordea is to introduce artificial intelligence technology to analyse customer text queries and forward the correspondence to the right department. (more…)

AI / Machine Learning / Big Data, Banks

July 10, 2017

135

India: Axis Bank in talks to buy digital payment platform FreeCharge

Axis Bank has emerged as the frontrunner to buy Snapdeal-owned mobile wallet FreeCharge, according to a report in The Economic Times citing three people aware of the development. (more…)

Banks, Global trends, Hotnews, InspirAsia

July 10, 2017

Core Banking Provider Ohpen secures € 15 Million Series B financing at €100 million valuation

By Ohpen

Amsterdam, 4 July 2017, cloud-based core-banking provider Ohpen has secured a € 15 million Series B investment round led by private equity firm Amerborgh to accelerate international growth. (more…)

Banks, Global trends

July 6, 2017

145

Open Banking releases payments initiation API for UK bank data sharing

Open Banking, the UK bank-funded entity mandated by the Competition and Markets Authority to provide new ways for customers to share their financial data with non-bank providers, has released an API specification for accounts and transaction information and payments initiation. (more…)

Banks, Open Source/ API

July 6, 2017

128

Banks Face $17B Brexit Bill

The Brexit could cost U.K. banks around $17 billion as they look to reshuffle various activities to different points in Europe, according to a study from the Association for Financial Markets in Europe. The study further notes that those costs will likely act as a weight on bank profits for the next several years. (more…)

Banks, Fintech news, Global trends

July 3, 2017

173

RBC Global Assetment Management pumps $20 million into innovation lab

RBC Global Asset Management is to invest $20 million to establish an in-house innovation lab, snapping up Toronto-based digital advisory firm Wiser Investments as part of the package. (more…)

Accelerators/Incubators/Labs, Banks

July 3, 2017

357

UK banking app transaction numbers soar

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year. (more…)

Banks, eWallets, Fintech news, Global trends

June 29, 2017

Leumi launches standalone mobile bank

Israel’s Bank Leumi has launched a standalone mobile bank modeled on consumer use of social media feeds. (more…)

Banks, Mobile-first banks

June 29, 2017

241

Bank of America – Trends in Consumer Mobility Report

The latest Bank of America Trends in Consumer Mobility Report explores emerging payments trends – specifically person-to-person payment technologies (P2P) that allow consumers to send money to others via their mobile device – and forward-looking behaviors among adult consumers across the US. (more…)

Analytics, Banks

June 26, 2017

206

KBC’s K’Ching app introduces AI chatbot for youth market

By KBC

As from today the latest version of the KBC K’Ching app, the KBC mobile banking app for youngsters, will be available in app stores for all K’Ching users. This latest version allows users to communicate through instant messaging with the app through an artificial intelligence (AI) chatbot. (more…)

Banks, Bots

June 21, 2017

295

Banking the unbanked in emerging markets

by  for TechCrunch

As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. (more…)

Banks, Global trends, Hotnews

June 20, 2017

229

Open banking rules to trigger new wave of challengers

Tech companies, retailers and price comparison websites could become major banking brands says Deloitte on the release of research which reveals that a significant number of consumers who already use mobile banking would be willing to share data with traditional retailers. (more…)

Banks, Global trends, Hotnews, Influences FinTech

June 20, 2017

556

Santander’s Openbank relaunched as 100% digital bank

Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018. (more…)

Banks, Hotnews, Mobile-first banks

June 16, 2017

232

Report: SoFi Files Banking Application with FDIC

SoFi has officially filed with the Federal Deposit Insurance Corporation to create a state chartered bank. The filing is not unexpected as SoFi revealed its intent to pursue a banking charter this past May. (more…)

Banks, Hotnews, p2p/online lending

June 14, 2017

327

Asian Banks Outline Blockchain Use Cases

By LTP

Financial institutions are eager to identify the commercial opportunity that blockchain technology can offer their business and ways it can help reduce costs, improve reporting, reduce fraud and enhance security and visibility. (more…)

Banks, Blockchain, Global trends, Government activities

June 8, 2017

375

Only banks that become ‘digital houses’ will survive forthcoming disruption – BBVA chief

By BBVA

BBVA chairman Francisco González says that banks need to shed their past and image as ‘incumbents’ and transform into new digital technology companies if they are to prosper in a banking environment dominated by technologically astute competitors. (more…)

Banks, Hotnews, Influences FinTech

June 8, 2017

237

Mizuho prepares for API banking

Japan’s Mizuho is implementing API interfaces to third party personal financial management apps through a collaboration with IBM. (more…)

Banks, Global trends, Hotnews, Open Source/ API

June 8, 2017

212

Thai Kasikorn Bank $30M Global Fintech Fund Sets Sail

Thailand’s Kasikorn Bank has launched a $30 million fintech fund to invest in startups across South East Asia as well as Europe and China. (more…)

Banks, Fintech news, Global trends, Hotnews

June 8, 2017

218

Kasikorn Bank opens $30 million fintech war chest

Thailand’s Kasikorn Bank has launched a $30 million fintech fund to invest in startups across South East Asia as well as Europe and China. (more…)

Banks, Fintech news, Global trends, Hotnews

June 7, 2017

220

Atom bank cites regulatory uncertainty – postpones current account launch

By Alex Rolfe

Atom bank, the UK’s first app-based bank, is reported to be delaying the launch of consumer current accounts until at least 2018. Atoms CEO blames forthcoming regulations that make the UK’s personal banking market too “ambiguous and uncertain”. (more…)

Banks, Fintech news, Mobile-first banks

June 7, 2017

247

Singapore fintech startup Bank-Genie raises funding to help banks roll out virtual terminals

By Yon Heong Tung for e27

Singapore-based fintech startup Bank-Genie has secured an undisclosed Series A investment from SBI FMO Emerging Asia Financial Sector Fund (SBI-FMO Fund). (more…)

Banks

June 6, 2017

200

Plug and Play partners with Japan’s biggest bank to launch Tokyo accelerator

By Jack Ellis For Tech in Asia

Silicon Valley-based Plug and Play has partnered with Mitsubishi UFJ Financial (MUFG), the financial services group that includes Japan’s biggest bank, to bring its combined startup accelerator and corporate innovation platform to the country. (more…)

Accelerators/Incubators/Labs, Banks

June 6, 2017

222

Sberbank AGM first to use NSD e-voting platform

by NSD

Sberbank has become the first pubic joint stock company to propose its shareholders to use the e-voting technology developed by National Settlement Depository (NSD), Russia’s central securities depository. (more…)

Banks, Global trends

June 5, 2017

571

Open Banking: A FitBit Style of Change

By John Bertrand from SAP for Finextra

Buy the ticket, take the ride.” Hunter S. Thompson’s quote can easily be applied to Open Banking, which becomes mandatory in the UK starting 2018. Banking innovation lead by the regulator! (more…)

Banks, Columns, Global trends, Influences FinTech

June 5, 2017

195

Nigeria moves trade to the cloud with Misys and Interswitch

By Interswitch

With calls for a diversification and deepening of the Nigerian trade sector to offer options for varied investor tastes and boosting of the economy, Thursday, June 1 2017 witnessed the launch of a Digital Cloud-hosted Trade Solution for the Nigerian Market called Misys Fusion Banking Trade Innovation Software. (more…)

Banks, Hotnews, InspirAsia

June 5, 2017