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135

More than 750 startups apply to join YES Bank’s inaugural accelerator programme

By Finextra

The first cohort of YES FINTECH has received phenomenal response from the global community of Fintechs, with 753 applicants around the world.  (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, India

February 18, 2017

Blockchain Tracker: Blockchain Technology’s Impact On Global Transactions

From PayPal to Venmo, Google Wallet, Amazon Payments and more, there are a myriad of ways money is processed during transactions around the world. One of the most trusted and reliable ways may be through bank account transfers. As such, there’s a need to simplify all of these complex finance routes, and blockchain technology seems to be the anchor for this. (more…)

Banks, Blockchain, Interviews

February 18, 2017

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A Banking Revolution For Small Business – UK’s Nesta Challenges Fin Tech To Step Up To The Plate

By Forbes

Small business banking in the United Kingdom is about to undergo a radical shake-up, driven in part by pressure from the competition regulator. (more…)

About, Banks, Fintech news, Government activities, SME

February 18, 2017

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Artificial Intelligence Is Becoming A Major Disruptive Force In Banks’ Finance Departments

By Steve Culp for Forbes

A combination of elements including massive distributed computing power, the decreasing cost of data storage, and the rise of open source frameworks is helping to accelerate the application of artificial intelligence (AI).  Our own research indicates that, by 2035, AI could double economic growth rates in 20 countries, and boost labor productivity by up to 40 percent. (more…)

About, AI / Machine Learning / Big Data, Banks, Fintech news, Global trends

February 16, 2017

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7 new banks for the Snapchat generation

By Vladislav Solodkiy fro e27

To consider fintech as just another distribution channel is a fundamental mistake; Neobanks should change users’ perspectives on money in a more drastic manner. (more…)

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

February 14, 2017

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Thailand’s Largest Bank to Launch New FinTech Platform

By CryptoCoins News

Thailand’s largest bank by revenue, Kasikornbank Pcl, has unveiled that it is planning to introduce a new FinTech platform by the end of the year as it attempts to prevent fee income from its rival banks. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, Thailand

February 14, 2017

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Japan’s 3 Megabanks Have All Invested in Japan’s Biggest Bitcoin Exchange

By CryptoCoins News

Less than a year after raising ¥3 billion ($27 million) in a record funding round by a bitcoin and Fintech company in Japan, Tokyo-based bitFlyer now sees all three of Japan’s ‘mega-banks’ as investors in the bitcoin exchange. (more…)

Banks, China, Deals, Fintech news

February 14, 2017

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What will the loan industry look like in 2017?

By Finextra

Outsourcing will get smarter

Deloitte’s Global Outsourcing Survey revealed that not only is the use of outsourcing increasing, but attitudes among banks about how they engage with outsourcers is also on the move. (more…)

Banks, Fintech news, Global trends

February 14, 2017

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Virtual Piggy to begin beta tests of mobile payment platform for under-17s

By Finextra

Virtual Piggy, Inc. (VPIG) is working with Univest Bank & Trust Company to provide the payment rails for its child focused payment application and services to accommodate the company’s unique and novel mobile payment platform.  (more…)

Banks, Fintech news, Mobile payments/banking

February 14, 2017

Australian banks fight back over Apple Pay ‘fantasy’ claims

By Finextra

The group of Australian banks fighting it out with Apple over the introduction of the consumer electronics giant’s mobile payment system have narrowed down their complaint to the Australian Competition and Consumer Commission (ACCC) to focus solely on open access to the NFC function on iPhones. (more…)

Banks, eWallets, Fintech news, Mobile payments/banking

February 14, 2017

BNP Paribas and Plug and Play Launches Fintech /Insurtech Accelerator in Paris

bnp_paribas_ip

By FinSMEs

Banking group BNP Paribas and global innovation platform Plug and Play have launched a Fintech and Insurtech acceleration program in Paris, France. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news

February 12, 2017

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First Dedicated ‘Bitcoin Bank’ Opens In Vienna, Austria

By William Suberg for CoinTelegraph

 What is likely the world’s first dedicated Bitcoin bank has opened in the heart of the Austrian capital Vienna.

Named simply ‘Bitcoin-Bank,’ the dedicated physical outlet is owned and managed by a local Blockchain startup Bit Trust. (more…)

Banks, Cryptocurrencies, Fintech news

February 12, 2017

Apple-Australia

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Apple Pay in Australia Picks Up Support From Macquarie And ING

In the latest bit of Apple Pay expansion news, Macquarie Group and ING Direct have announced that they will start using Apple Pay in Australia this month. (more…)

Banks, Fintech news, Mobile payments/banking

February 11, 2017

Wells Fargo Pushes Into Artificial Intelligence

By Fortune

Wells Fargo has created a team to develop artificial intelligence-based technology and appointed a lead for its newly combined payments businesses, as part of an ongoing push to strengthen its digital offerings. (more…)

AI / Machine Learning / Big Data, Banks, Fintech news

February 11, 2017

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129

Citi Announces the Citi Tech for Integrity Challenge

By LTP

NEW YORK, February 2017 – Citi today announced the Citi Tech for Integrity Challenge (T4I), a landmark effort to encourage technology innovators from around the world to create cutting-edge solutions to promote integrity, accountability and transparency in the public sector and beyond. (more…)

Banks, Fintech news

February 9, 2017

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Sberbank launches machine learning-based assistant

By Finextra

Russia’s Sberbank has introduced an online personal assistant that uses machine learning to provide customers with useful advice and recommendations tailored to their individual financial circumstances and lifestyles. (more…)

AI / Machine Learning / Big Data, Banks, Bots, Fintech news

February 9, 2017

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Swissquote introduces VR trading app

By Finextra

A Swiss online bank is introducing a virtual reality trading application which uses a VR helmet to create a a 360° trading wall for users to monitor the markets and make trades with a glance. (more…)

Banks, Financial Markets / Trading, Fintech news, Mobile-first banks

February 4, 2017

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Wells Fargo inks data sharing agreement with Intuit

By Finextra

Wells Fargo has followed Chase in signing a data-exchange deal with Intuit, enabling its customers to use an API to import account information to financial management tools such as QuickBooks without having to hand over their account credentials. (more…)

Banks, Fintech news, Open Source/ API

February 4, 2017

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Deposify signs first US bank

By Finextra

Leading security deposit management service, Deposify, today announced its banking partnership with People’s United Bank – one of the Northeast’s largest, community-based, regional banks, offering commercial and retail banking, as well as wealth management services, through a network of nearly 400 retail locations. (more…)

Banks, Fintech news, Mobile payments/banking

February 4, 2017

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Why this niche lender went DIY to build a sales app

By Bryan Yurcan for American Banker

EnerBank USA has built its business over the last 15 years by financing home improvement projects nationwide over the phone. It is now looking to disrupt itself with a homegrown app.

(more…)

Banks, Fintech news, Mobile payments/banking, p2p/online lending

February 4, 2017

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BankMobile to add visualizations in relaunched app

By Penny Corpsman for American Banker

To help millennials who may not have a firm handle on their finances or even on math in general, Customers Bancorp is adding visualizations to its soon-to-be-relaunched BankMobile app.

(more…)

Banks, Fintech news, Mobile payments/banking, PFM/PFP services

February 4, 2017

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Abu Dhabi Bank Implements Blockchain

The National Bank of Abu Dhabi (NBAD) announced that it has become the first bank in the Middle East and North Africa to introduce real-time, cross-border payments on blockchain, thanks to its partnership with Ripple, a U.S. company specializing in blockchain. (more…)

Banks, Blockchain, Fintech news, Remittances

February 3, 2017

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Bank of America Merrill Lynch expands ACH payments capabilities on CashPro

By Finextra

Bank of America Merrill Lynch, a leader in global transaction services, has announced that it has substantially increased its international payments capabilities via the bank’s online and file-based banking portal, CashPro®.  (more…)

Banks, Fintech news, Payment processors/providers/gateways

February 3, 2017

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How Indian FinTechs Are Collaborating With Banks – Bangalore FinTech Meetup 2017

By LTP

LTP has been organizing monthly FinTech meetups in Bangalore and Mumbai to nurture a dialogue in the FinTech startup ecosystem in India. For the latest meetup organized in Bangalore, the topic was perhaps one of the most important FinTech topics currently — Value of partnerships between banks and FinTechs: What does true collaboration mean? What is a good partnership strategy? And how do you foster innovation through partnerships? (more…)

Banks, Fintech news, Global trends, India

February 3, 2017

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GoBear Malaysia’s Among the First of Fintech Companies in the Sandbox

By Fintech Singapore

GoBear Malaysia works closely with with Bank Negara Malaysia and launches new Insurance products (more…)

Banks, Fintech news, Insurance, Malaysia

February 3, 2017

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Abu Dhabi’s Largest Bank Just Launched Blockchain Cross Border Payments

By Samburaj Das for CryptoCoinsNews

The National Bank of Abu Dhabi has introduced real-time cross-border payments on a blockchain by integrating technology from industry firm Ripple. The offering will immediately benefit customers in the Asia-Middle East remittance corridor. (more…)

Banks, Blockchain, Fintech news, Remittances

February 1, 2017

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‘Centralized’ blockchain projects are doomed to failure

By Chris Horlacher for American Banker

Last year was an affirmation for people like me who believe the blockchain — the technology that underlays virtual currencies such as bitcoin — works best when it’s decentralized and open.

(more…)

Analytics, Banks, Blockchain, Fintech news

January 31, 2017

IMAGE DISTRIBUTED FOR JP MORGAN CHASE - Jamie Dimon, JP Morgan & Chase Co. Chairman and CEO, discusses the impact of The Fellowship Initiative, Monday, June 23, 2014, at JPMorgan Chase Headquarters in New York. The expanded Fellowship Initiative enrolls young men of color in Chicago, Los Angeles, and New York City in a multi-year hands-on enrichment program that includes academic, social and emotional support.  (Photo by Diane Bondareff/Invision for JPMorgan Chase/AP Images)

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What the JPMorgan-Intuit Partnership Means for the Digital Financial Ecosystem of the Future

By LTP

Last Wednesday, JPMorgan Chase and Intuit announced that they had found a solution for the “perilous” sharing of banking data through the use of APIs (application programming interfaces). The agreement will allow JPM’s customers to access their account information and plug it into QuickBooks, Mint, and TurboTax financial management applications without having to hand over their bank passwords. (more…)

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

January 31, 2017

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Indonesia’s Bank Central Asia bets on fintech with $15m fund

By  for TechInAsia

Indonesia’s Bank Central Asia (BCA) joins the fintech rush with a dedicated US$15 million venture fund.

Nikkei Asian Review on Saturday said: (more…)

Banks, Fintech news, Indonesia

January 31, 2017

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BNP Paribas takes stake in AI-based compliance startup

By Finextra

BNP Paribas Securities Services has taken a minority stake in Fortia Financial Solutions, a software company which uses artificial intelligence, machine learning and business process monitoring to help the fund industry meet rising compliance requirements and manage mounting volumes of data. (more…)

AI / Machine Learning / Big Data, Banks, Deals, Fintech news

January 31, 2017