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231

JPMorgan formally quits R3

JPMorgan Chase has formally exited blockchain consortium R3, following in the footsteps of fellow titans Goldman Sachs and Banco Santander who split last November. (more…)

Banks, Blockchain, Fintech news, Global trends

May 1, 2017

134

Monzo opens doors to community collaboration

Digital challenger bank Monzo has earmarked a dedicated space in its East London headquarters building as a collaborative community room, to host events and test out new ideas with its growing membership base. (more…)

Accelerators/Incubators/Labs, Banks, Hotnews, Mobile-first banks

May 1, 2017

142

BNP Paribas Wealth Management launches four new digital platforms

BNP Paribas Wealth Management is launching four digital platforms bringing unique financial, business and lifestyle content to private clients and prospects. (more…)

Banks, Hotnews

May 1, 2017

129

Odeabank’s mobile security challenge

Turkey’s Odeabank achieved all-round security for its mobile banking apps by using Vasco’s Digipass for Apps software development kit. (more…)

Banks, Security

May 1, 2017

270

Chinese Internet Giant Tencent is Developing a Blockchain Platform Called ‘TrustSQL’

By Laster Coleman for CCN

Tencent Holdings Limited, a Chinese investment holding company whose subsidiaries provide media, entertainment, payment systems, the Internet and mobile phone value-added services in China, is developing in its own blockchain platform. (more…)

Banks, eWallets, Global trends, Hotnews, InspirAsia

April 28, 2017

218

UBS moves risk platform to Microsoft Azure cloud

UBS, the world’s largest wealth management firm, has moved its risk management platform to Microsoft Azure cloud technology. (more…)

Banks, Fintech news, Hotnews

April 28, 2017

168

ATB Financial introduces robot branch workers

The march of the robots continues, as Canada’s ATB Financial hires dancing humanoids to work in some of its Calgary branches. (more…)

Banks, Bots, Global trends, Hotnews, InspirAsia

April 27, 2017

180

TSB to hook up with fintechs for new mobile app

by TSB

TSB has begun to rollout its new mobile banking app, which is the challenger bank’s first service built by its new ‘Proteo’ IT platform. (more…)

Banks, Deals, Fintech news, Hotnews, Mobile-first banks

April 27, 2017

Video: ATMs in Singapore get personal with live video support

Ideally, your relationship with your savings bank of choice would comprise mostly of withdrawals, deposits, fund transfers and bill payments, all of which can be done at ATMs, if not online. Sometimes, however, you may require more support than a machine can dispense. (more…)

Banks, Global trends, InspirAsia

April 27, 2017

192

DBS and OCBC push QR codes for mobile payments

Singaporean banks DBS and OCBC are to introduce QR code-based payments at offline stores in a joint project with national payments processor Nets. (more…)

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

April 26, 2017

169

Mizuho to go live with DLT-based trade finance application

Mizuho Bank is preparing to conduct its first live trade financing transactions over a distributed ledger developed in association with IBM. (more…)

Banks, Blockchain, Global trends, Government activities

April 26, 2017

156

Starling Bank To Incorporate Pay By Bank For Online Purchases

By PYMNTS

Starling, the digital bank, has inked a partnership with Pay by Bank, the mobile payment app of Vocalink, to enable users to buy things online. (more…)

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

April 26, 2017

Financial API manager Quovo raises $10 million

Quovo, a data platform providing insights and connectivity for financial accounts, today announced it has raised $10 million in Series B funding. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, Open Source/ API

April 26, 2017

206

BBVA runs live funds transfers over Ripple

BBVA has run its first live cross-border transaction using the Ripple protocol. (more…)

Banks, Blockchain

April 24, 2017

173

Barclays Bank goes in search of the next Paypal at African accelerator

Barclays Bank says it wants to find the next Paypal after selecting the second cohort of 10 companies to participate in its African accelerator programme. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, Global trends, Hotnews, InspirAsia

April 24, 2017

114

Deutsche Bank fined $156.6 million for chat room violations

The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties. (more…)

Banks

April 24, 2017

145

UBS rolls out Twint mobile payments app

UBS Twint is now available in the Apple App Store and Google Play Store. The free app is ideal for everybody with a UBS account or a Swiss credit card of any kind: Twint payments are debited directly to your bank account or credit card. (more…)

Banks, Global trends, Government activities

April 24, 2017

130

National Bank of Cambodia inks DLT development deal

The National Bank of Cambodia is teaming up with distributed ledger technology specialist Soramitsu to develop the use of the Hyperledger Iroha software framework for a possible new payment infrastructure. (more…)

Banks, Fintech news, Global trends, Hotnews

April 24, 2017

216

Malaysian central bank calls for participation on Fintech Hacks

The Financial Technology Enabler Group (FTEG) has announced that it is seeking ideas from the public on the improvements to financial services sector by harnessing innovation and technology. (more…)

Banks, Deals, Fintech news, Global trends

April 21, 2017

219

Orange Bank preps July launch

French telco Orange is to open its new mobile-only bank in July, following a soft-launch with employees this month. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

April 21, 2017

199

Danish startup Hufsy joins with solarisBank on SME banking platform

The Danish fintech startup Hufsy is ready to offer fellow startups a banking service beyond what they are used to. (more…)

Banks, Deals, Open Source/ API

April 21, 2017

206

Mizuho enters digital wallet joint venture with Metaps

By Mizuho

Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato), Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara), Metaps Inc. (CEO: Katsuaki Sato), and WiL LLC (CEO: Gen Isayama) signed an agreement for capital participation and business cooperation for the purpose of providing a new settlement service using FinTech. (more…)

Banks, Deals, Hotnews, InspirAsia

April 20, 2017

Wells Fargo to pilot AI-based Messenger bot

Wells Fargo is boarding the chatbot train, launching a pilot of an AI-based customer services agent within Facebook’s Messenger platform. (more…)

AI / Machine Learning / Big Data, Banks, Bots

April 20, 2017

201

BNP Paribas and AXA co-operate on blockchain-based fund distribution platform

BNP Paribas is working with AXA Ivestment Managers on the deployment of a blockchain-based fund distribution platform using smart contracts to ease the flow of information between buyers and sellers. (more…)

Banks, Blockchain

April 20, 2017

155

JPMorgan to sell $6.9 billion of student loans to Navient

JPMorgan Chase agreed to sell a $6.9 billion portfolio of student loans to Navient Corp., five days after the bank told shareholders it was looking to unload the holdings. (more…)

Banks

April 20, 2017

188

Zelle P2P network zooms past Venmo

The American bank-backed Zelle network processed 170 million person-to-person payments last year boasting an aggregate transaction volume of $55 billion, more than double that of PayPal-owned rival Venmo. (more…)

Banks, p2p-payments

April 19, 2017

176

UOB, KrisFlyer launch savings account that rewards with air miles

ByYasmine Yahya for Straights Times,

SINGAPORE – United Overseas Bank and KrisFlyer have tied up to launch a savings account with debit card that rewards account holders with air miles when they save or spend.  (more…)

Banks, Fintech news, Hotnews, InspirAsia

April 19, 2017

130

Here’s one fintech that’s still going head-to-head against banks

By Bryan Yurcan for American Banker,

While there seems to be something of a detente between banks and fintechs as they start to partner more, especially on general consumer financial products, some fintech companies are still looking to beat banks in serving specific types of customers. (more…)

Banks, Fintech news, Global trends

April 19, 2017

260

Wells Fargo Is Testing a Chatbot in Facebook Messenger

Wells Fargo is testing a “chatbot,” an automated program that can communicate with the bank’s customers on Facebook’s messaging platform to give them information on their accounts and help them reset their passwords. (more…)

Banks, Bots, Global trends, Hotnews

April 19, 2017

295

Lloyds partners Microsoft to pilot facial recognition access to online banking

Lloyds is teaming up with Microsoft to pilot the use of fingerprint and facial recognition technology for online banking logins on Windows 10 devices. (more…)

AI / Machine Learning / Big Data, Banks, Global trends, Hotnews, Influences FinTech

April 18, 2017