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260

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

290

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

242

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

271

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

631

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

240

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

240

AYA Bank to overhaul core banking system with Misys

By Misys,

AYA Bank (Ayeyarwady Bank) has selected the Misys FusionBanking suite to support a transformative project which will overhaul its core banking system, digitalise operations and improve overall efficiency throughout the organisation. (more…)

Banks

June 5, 2017

245

Indian banks to work with five Startupbootcamp Mumbai graduates

Five of the eleven startups graduating from Startupbootcamp’s 2017 Indian accelerator programme have secured pilots with bank sponsors RBL and Icici. (more…)

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

June 5, 2017

360

OCBC BANK LAUNCHES CASHLESS QR CODE PAYMENTS WITH ITS FIRST STANDALONE MOBILE PAYMENTS APP

OCBC Press release,

The popular OCBC Pay Anyone e-payment services – which includes a new QR code cashless payment service – are consolidated into a standalone mobile app for our customers’ convenience (more…)

Banks, Cashless, Global trends, Hotnews, InspirAsia

June 5, 2017

319

ING tackles robo-advisory conundrum

Research among 15,000 consumers conducted by ING finds that only two percent would trust a fully automated robo-adviser to invest their money on their behalf. (more…)

Banks, Financial Markets / Trading, Wealth management

June 1, 2017

305

The other big risk in auto lending

By John Reosti for American Banker,

GrandSouth Bancorp’s woes could be warning sign for banks that lend to auto dealers. (more…)

Banks, Global trends, Hotnews

June 1, 2017

387

Inside BBVA’s Open API Marketplace

Earlier this week, BBVA launched its API Market, making eight of its APIs commercially available. The launch comes after the Spanish bank worked for more than a year with developers and businesses to determine the optimal delivery for the APIs. (more…)

Banks, Hotnews

May 30, 2017

252

Poland Aspires to Become a Fintech Leader in Europe

Coming off a two-day event in Warsaw, FutureTech Congress organizers are reporting that Poland aspires to become a Fintech hub in Europe. (more…)

Banks, Government activities

May 29, 2017

285

Sberbank moves into e-medicine sector

by Sberbank

Sberbank announces closing a transaction to purchase a controlling stake in DocDoc.ru, the leading company on the Russian e-medicine market. (more…)

Banks, Deals, Hotnews

May 26, 2017

300

BBVA launches Open API marketplace

BBVA is making eight of its APIs commercially available to companies, startups, and developers worldwide, enabling the integration of customer banking data with third party products and services. (more…)

Banks, Hotnews, Open Source/ API

May 24, 2017

267

Paytm Launches Payments Bank To Serve The Underserved In India

By PYMNTS

Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. (more…)

Banks, eWallets, InspirAsia

May 23, 2017

248

BankThink Open banking is inevitable. Let’s rethink data security, too

By Kevin Paul Murphy for American Banker

The move to the digital marketplace is no longer aspirational but inevitable for the modern financial enterprise. It is now more accurate to describe a bank as a technology company. But the change in identity means banks must adjust the way they ensure the security of their enterprise. (more…)

Banks, Hotnews, InspirAsia, Open Source/ API

May 23, 2017

281

Bank/fintech collaboration can take transaction banking to new heights

Bu Finextra

With banks and emerging technology companies bringing a raft of new innovations and business models to the industry, Claudio Camozzo and Jan Kupfer, global co-heads of Global Transaction Banking at UniCredit, argue that bank-fintech collaboration alongside a customer-focused approach is essential to seize – and maximise – the opportunities at hand. (more…)

Banks, Deals, Global trends

May 23, 2017

496

BBVA brings info and payments to social and messaging networks

BBVA is embedding more deeply with social and messaging networks through a new bot that lets Spanish customers access financial information via Facebook and Telegram, and a tool for making payments from Whatsapp. (more…)

Banks, Deals, eWallets, Fintech news, Global trends, p2p-payments, Remittances

May 19, 2017

331

Sumitomo Mitsui rolls out messaging app bot

The Sumitomo Mitsui Financial Group has developed an AI chatbot that will answer customer questions over Line, the popular Japanese messaging app. (more…)

Banks, Bots, Hotnews, InspirAsia

May 19, 2017

319

Paytm to open new Payments Bank next week

Indian mobile wallet giant Paytm is to open its new Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of the Government’s relaxing of restrictions on bank licensing in an effort to boost financial exlusion. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 19, 2017

264

Indian Bank Kotak Mahindra Implements Blockchain in Trade Finance

By CCN,

Kotak Mahindra Bank, one of India’s largest private banks, has successfully completed an end-to-end trade finance transaction with a client over a blockchain. (more…)

Banks, Blockchain, Government activities, Hotnews

May 18, 2017

293

Ex-Tandem CTO onboard for Dubai-based digital bank

The former CTO of UK challenger Tandem has joined forces with experienced execs from the more traditional banking sector to build a digital-only bank in Dubai. (more…)

Banks, InspirAsia, Mobile payments/banking, Mobile-first banks

May 18, 2017

362

Trade Finance Platform Launches With 16 Banks On Board

CCRManager has launched an electronic trade finance, supply chain finance and working capital platform, with 16 banks across the globe already onboarded to the solution, the company saidTuesday (May 16). (more…)

Banks, Global trends

May 17, 2017

313

Monzo hits 200,000 users; £250 million spent

As of this weekend, more than a quarter of a billion pounds has been spent through Monzo cards by more than two hundred thousand customers! (more…)

Banks, Hotnews, Mobile-first banks, Open Source/ API

May 16, 2017

268

ABN Amro’s payment app Tikkie passes half a million users

By ABN Amro

Less than a year after it was first introduced, pay-back app Tikkie has reached and passed the landmark of half a million users. This makes Tikkie the fastest-growing payment app in the Netherlands. (more…)

Banks, Fintech news, Global trends

May 16, 2017

353

414

Rabobank and Signicat launch Digital Identity Service Provider

Rabobank and Signicat are entering the Dutch identity market together by providing digital services to businesses, supporting them in servicing their clients. (more…)

Banks, Fintech news, Hotnews, Security

May 15, 2017

521

India’s Alipay or WeChat Pay Could Be a Young Private Bank or Progressive NBFC

By Amit, CEO of LTP

In many parts of the world, tech companies (TechFins and FinTechs) are beginning to dominate the FinTech scene except India. BATs (Baidu, Alibaba and Tencent) and Internet finance in China dominate the market now. PayPal (Braintree and Venmo), Stripe and the likes of Prosper/Lending Club/Sofi have made serious inroads in the US although not to the same extent as China where internet finance cos have more customers than traditional banks in some segments. (more…)

Banks, Cashless, Fintech news, Hotnews, InspirAsia

May 11, 2017

428

Westpac Banking Corporation Case Study

Westpac Banking Corporation, one of the world’s leading commercial banks, was looking to differentiate itself in a prosperous and already digital-heavy economy.

The bank deployed a digital banking solution from Fiserv initially in Australia – its home market-where 10 million consumers and nearly 1 million businesses manage their money through the bank. (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews

May 11, 2017