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Irish central bank tunes in to fintech

The Central Bank of Ireland is launching an innovation hub and industry engagement programme to keep step with the evolving fintech and regulatory landscapes. (more…)

Banks, Fintech news, Global trends

April 22, 2018

National Bank of Canada & JPMorgan Test Out Blockchain Technology with NBC Debt Issuance in U.S. Financial Markets

National Bank of Canada (NBC) announced on Friday, with the support of J.P. Morgan, it issued a $150 million one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance using blockchain technology. According to the banking group, this blockchain test involved the parties following the execution of the actual transaction through a debt issuance application developed by J.P. Morgan that runs on Quorum, an open-sourced variant of the Ethereum blockchain, specifically designed to meet the needs of financial markets participants. (more…)

Banks, Blockchain, Cryptocurrencies

April 22, 2018

Belarus-style Silicon Valley: Why Nobody Rushes Up Into Tax-Free ICOs?

HTP press-centerThe “unprecedented” Decree on the Development of Digital Economy, signed by President Alexander Lukashenko in December, officially came into force on March 28 in the Republic of Belarus. The document signals a new dawn for the country, facilitating any form of cryptocurrency-related activity, and according to the leader should make Belarus “a tech country”. (more…)

Banks, Blockchain

April 22, 2018

130

Icici Bank launches digital application form for opening current accounts

By ICICI Bank,

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a digital application facility on smartphones and tablets, that enables bank officials to open current accounts of self-employed individuals and businesses swiftly in just a few hours, in comparison to an industry average of a few days. (more…)

Banks, Deals, Hotnews

April 20, 2018

125

JPMorgan to roll out Voice ID; begins branch expansion

JPMorgan Chase is to begin using individuals’ unique voiceprints to identify customers who are calling to inquire about their credit card accounts. (more…)

Banks

April 20, 2018

TransUnion to acquire the UK’s Callcredit for £1 billion

By TransUnion

TransUnion (NYSE: TRU) announced today its agreement to purchase Callcredit Information Group, Ltd., the second largest and fastest growing consumer credit bureau in the U.K., headquartered in Leeds. (more…)

Banks, Fintech news, Global trends

April 20, 2018

OCBC Bank is to enable instant digital issuance on Apple Pay via OCBC mobile App

By OCBC,

Singapore, 16 April 2018 – OCBC Bank customers have a new, speedy way of resolving a common issue when shopping or dining: Not having the right credit card to enjoy the best discount, rebate or reward. (more…)

Banks, Fintech news, Global trends

April 16, 2018

357

Goldman Sachs buys personal finance start-up Clarity Money

Goldman Sachs Group Inc bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, it said Sunday. (more…)

Banks, Fintech news, Global trends

April 16, 2018

302

DBS launches online remittance service SmartSend for non-DBS customers

By DBS

DBS Bank today announced the launch of SmartSend (www.dbs.com.sg/smartsend/), an online remittance service that allows non-DBS customers to make secure, same-day money transfers to eight markets around the world. (more…)

Banks, Fintech news, Global trends

April 16, 2018

277

BofA launches digital mortgage service

Bank of America has rolled out a digital mortgage service, enabling customers to apply online or via the bank’s mobile app, often getting conditional approval on the same day. (more…)

Banks, Fintech news, Global trends

April 13, 2018

Wirecard raises FY18 Ebitda guidance as 2017 revenues surge by 44.9%

In the 2017 fiscal year, Wirecard AG was able to push forward the digitalisation of payment processes very successfully across the world and greatly enhance its competitive advantage through the continuous expansion of its digital platform. (more…)

Banks, Fintech news, Global trends

April 13, 2018

252

Speculative interest in cryptocurrencies may have peaked – Barclays

The cryptocurrency mania of late 2017 spread like an infectious disease but we may have already reached the immunity threshold, meaning speculative interest in the likes of Bitcoin has possibly already peaked, says a new research report from Barclays. (more…)

Banks, Blockchain, Cryptocurrencies

April 13, 2018

Vaultbank raises $3m

Vaultbank, the cryptocurrency exchange platform for buying, selling, and trading asset-backed tokens, today announced it has raised over $3 million in funding, reaching the soft cap for its VB token sale. (more…)

Banks, Fintech news, Global trends

April 13, 2018

211

MarketInvoice joins NatWest Capital Connections panel

NatWest has added invoice finance platform MarketInvoice to its Capital Connections panel, which helps SMEs unable to borrow from banks get access to alternative sources of money. (more…)

Banks, Global trends

April 12, 2018

220

J.P. Morgan Chase Sued For Charging Crypto Buyers With Surprise Fees

J.P. Morgan Chase & Co, a leading global financial services provider and one of the largest banking institutions in the US, was sued for charging undeclared fees to customers who used their credit cards to purchase cryptocurrency, treating the purchases as cash advances, Reuters reported April 11. (more…)

Banks, Blockchain, Fintech news, Hotnews

April 12, 2018

JPMorgan Invests in UK Fintech AccessFintech Through Series A Funding Round

AccessFintech, a UK-based fintech firm, announced on Tuesday that JPMorgan has invested in the company through its Series A funding round. AccessFintech also revealed it has joined JPMorgan’s exclusive In-Residence program, which is described as a program designed to assist emerging fintech companies that are looking to solve real-world industry problems and deploy their solutions at an enterprise level. (more…)

Banks, Deals

April 11, 2018

239

PayPal to roll out banking products for the ‘unbanked’ in the weeks ahead

By Sarah Perez for Techcrunch

PayPal  is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other services, according to news the company shared with The Wall St. Journal. The company says its new products are targeted specifically at the unbanked, and will launch in the first half of 2018, following consumer testing. (more…)

Banks, Fintech news, Hotnews, Payment processors/providers/gateways

April 10, 2018

216

ICICI Bank is first in India to go live on Swift’s gpi service

By Icici bank

SWIFT announces today that ICICI Bank is the first bank in India to go live with its global payments innovation service. (more…)

Banks, Global trends

April 6, 2018

521

TrueMoney scores Vietnam payment services license

By: TrueMoney

TrueMoney Vietnam (“TrueMoney”), part of Southeast Asian Fintech company Ascend Money, has obtained the Intermediary Payment Services License from the State Bank of Vietnam to operate digital financial services in e-money, e-payment, wireless transfers, and payment gateways. (more…)

Banks, Fintech news, Global trends, Hotnews

April 6, 2018

254

Monzo begins testing Current Account Switch Service

By Monzo

With help from the Current Account Switch Service, we’re excited to say that you’ll soon be able to switch some or all of your payments over to Monzo. (more…)

Banks, Fintech news, Global trends

April 4, 2018

162

BofA to add 600 new Merrill Edge investment centres to branches

By Bank of America

Bank of America announced today that Merrill Edge® will open 600 new investment centers within its expanding coast-to-coast financial center footprint, bringing its total to 2,800 by 2020. (more…)

Banks, Global trends

April 2, 2018

299

Starling Bank moves into business banking

By Starling Bank,

Starling Bank, after recently being voted the Best British Bank, has today become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK. (more…)

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

April 2, 2018

259

HSBC to offer Paypal as global disbursement option for corporate clients

PayPal’s strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers. (more…)

Banks, Deals, Fintech news, Global trends

April 2, 2018

151

AI startup vPhrase wins Temenos Innovation Jam Hong Kong

By Temenos,

Temenos (SIX: TEMN), the banking software company, announces that the audience of the Innovation Jam in Hong Kong has voted vPhrase the winner of the fintech competition. (more…)

Banks, Deals

April 2, 2018

166

Nubank Challenges Brazil’s Big Banks in Wake of $150 Million Funding Round

The startup that made headlines recently for its antitrust complaint against some of its country’s largest banks is the same fintech that raked in a major investment from a group of investors earlier this month. (more…)

Banks, Hotnews, Mobile-first banks

April 2, 2018

TSB launches lending marketplace for small businesses

tsb

Challenger bank TSB has unveiled its latest weapon in the fight against Britain’s high street giants, a business marketplace where SMEs can compare financing options from a host of lenders in one place.

(more…)

Banks, Fintech news, Global trends

March 29, 2018

332

RBS to acquire book-keeping software firm FreeAgent

Royal Bank of Scotland is to acquire UK accounting software vendor FreeAgent in a deal that values the firm at £53 million. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

March 29, 2018

201

BofA Entices SMBs To Grow Account Balances With Rewards Program

Bank of America wants small business (SMB) customers to focus on growing their account balances and is introducing a new rewards program to encourage them to do so. (more…)

Banks, Global trends, SME

March 27, 2018

183

Malaysian Central Bank prepares for banking industry’s ‘Kodak Moment’

The Central Bank of Malaysia has established an open API implementation group with members drawn from the banking industry, fintech community and key stakeholders to develop open API standards for the financial sector as part of efforts to broaden access and promote innovation and competition. (more…)

Banks, Global trends, Government activities

March 26, 2018

248

The Bank of England: Deputy Governor Announces New Fintech Hub at the “Heart of the Bank”

Dave Ramsden, Deputy Governor of Bank of England, addressed the topic of Fintech within the Bank in a speech today. The presentation saw the banker announce a new Fintech Hub within the Bank following the success of its internal Fintech Accelerator;

(more…)

Banks, Fintech news, Global trends, Hotnews

March 23, 2018