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220

DBS builds lifestyle branch for tech generation

Singapore’s DBS is bidding to attract the tech generation back into the branch via a new instore ‘lifestyle space’, featuring freshly-brewed coffee, humanoid robots, video tellers and virtual reality retirement planning. (more…)

Banks, Global trends, Hotnews

November 21, 2017

112

Meniga signs deal with IberCaja

Meniga, the global leader in digital banking solutions, has announced today that it has signed an agreement with the Spanish banking giant, IberCaja. (more…)

Banks, Global trends, Hotnews

November 21, 2017

133

BNP Paribas picks Fenergo for client lifecycle management

Fenergo, the industry standard for Client Lifecycle Management (CLM) solutions for Corporate & Institutional, Business & Commercial, and Private Banks, has today announced a signed deal with BNP Paribas. (more…)

Banks, Fintech news, Global trends, Hotnews

November 21, 2017

107

Monzo plans crowdfunding push to deepen ties with customers

By Hannah Murphy for Financial Times

Banking app Monzo is planning to launch one of the UK’s largest crowdfunding efforts next year to give customers in the fast-growing bank what it calls “a greater share of ownership”. Tom Blomfield, chief executive, said the start-up, which raised £71m in a private equity fundraising earlier this month, intends to make a further cash call of between £10m and £30m in 2018. (more…)

Banks, Crowdfunding/investing, Hotnews, Mobile-first banks

November 21, 2017

173

BNP Paribas buys stake in SME credit specialist Caple

BNP Paribas Asset Management (BNPP AM) has bought a 10% stake in a new alternative SME credit specialist called Caple as part of a wider strategic alliance. (more…)

Banks, p2p/online lending, SME

November 18, 2017

235

Monetary Authority of Singapore Publishes Guidance on Initial Coin Offerings

The Monetary Authority of Singapore (MAS) has published a document providing guidance on Initial Coin Offerings (ICOs). Entitled “a Guide to Digital Token Offerings,” the document seeks to clarify when an ICO is in fact a security, and thus regulated and the application of securities laws.  MAS published a statement in August warning issuers and offering platforms that ICOs may be regulated in an approach similar to the US SEC. The statement was followed with a warning to investors to be cautious in backing tokenized offerings. (more…)

Banks, Global trends, Government activities, InspirAsia

November 16, 2017

216

BofA Merrill Lynch unveils Card Assistant

Bank of America Merrill Lynch has launched a digital tool that delivers information and education to commercial card clients. (more…)

AI / Machine Learning / Big Data, Banks, Bots, Credit/Debit/Prepaid cards

November 16, 2017

149

AI implementation in AML at HSBC sees a considerable reduction in compliance costs

Current AML Techniques

In today’s world, we tend to combat money laundering efforts with regulation-based account surveillance and ordinary KYC systems, when in all honesty these techniques will not hold up in the ever-changing world of financial delinquency. For one, the Risk Based Approach (RBA) used by financial institutions for AML compliance purposes causes a high rate of false positives. (more…)

Banks, Global trends, Hotnews, Open Source/ API

November 16, 2017

InvestCloud adds financial apps to digital platform

By InvestCloud

InvestCloud Inc., a global FinTech firm, has released two new lines of financial apps to run on its digital platform. (more…)

Banks, Fintech news, Global trends, Wealth management

November 16, 2017

193

Online Lending And A Tale Of Two Fed Studies

By PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. (more…)

Banks, p2p/online lending

November 14, 2017

Fidelity latest financial firm to facilitate data sharing with fintechs

By Penny Crossman for American Banker

Fidelity Investments is joining the ranks of financial firms sharing customer account data with others through an application programming interface. (more…)

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

November 14, 2017

172

Singapore’s central bank to pour $20m into AI and data as it pushes fintech growth

The Monetary Authority of Singapore (MAS) continues bringing finance and technology closer together, making sure that Singapore’s financial industry doesn’t miss the fintech train. (more…)

Banks, Deals, Fintech news, Government activities, InspirAsia

November 14, 2017

247

Standard Chartered to roll out AI chatbot

Standard Chartered is to launch an AI-powered chatbot to provide clients with natural language assistance in managing money, making payments and analysing their spending. (more…)

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

November 14, 2017

145

UOB first in Asia with Fitbit Pay

United Overseas Bank’s (UOB) cardmembers will be the first in Asia to be able to make Fitbit PayTM contactless payments through the new Fitbit IonicTM smartwatch. (more…)

Banks, Bots, Fintech news, Global trends, InspirAsia

November 14, 2017

147

OCBC taps ThetaRay for AI-based AML screening project

By OCBC

On any one typical work day, an OCBC Bank anti-money laundering (AML) compliance analyst would log into the bank’s transaction monitoring system and find up to hundreds of potentially suspicious transactions he or she had to review. (more…)

Banks, Global trends, InspirAsia

November 13, 2017

168

BNP Paribas launches WeChat Pay in Europe

BNP Paribas is introducing WeChat Pay to retailers in France and subsequently across Europe, providing an opportunity for merchants to streamline the shopping experience for the 7.4 million Chinese tourists who visit the continent each year. (more…)

Banks, Fintech news, Global trends

November 13, 2017

175

Deutsche Bank goes live with Swift gpi

Intransparent deducts will soon be nothing more than a distant memory now that the reach of SWIFT’s global payments innovation (gpi) has moved nearer to being the new normal (more…)

Banks, Global trends, Hotnews

November 13, 2017

2725

We are looking for a bank in the US to buy

Hello everyone!

If you are the owner of a small or medium-sized bank in the US and are ready to sell it completely (or partially) – write to me: Slava Solodkiy, slava@ariv.al. (more…)

Banks, Global trends, Hotnews, Influences FinTech

November 7, 2017

Starling integrates with Yolt

UK money management app Yolt has integrated with Starling Bank, enabling customers of the digital challenger to view their account details alongside those from other providers. (more…)

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

November 7, 2017

361

UBS CEO More Interested In Blockchain Than Bitcoin

As UBS continues its exploration into blockchain technology, the financial institution’s (FI) CEO Sergio Ermotti told reporters at CNBC his views on the tool. (more…)

Banks, Blockchain

October 30, 2017

227

Nubank Reaches Out to Brazil’s Underbanked with Addition of Digital Accounts

By David Penn for Finovate

Brazilian fintech Nubank announced this week that the company will begin offering digital accounts in addition to its credit card business. The move will provide access to billpay, account-to-account transfers, and the ability to earn more in interest than is available with a regular savings account. “Our real revolution begins today,” Nubank founder and CEO David Velez said. “Now we are offering services to 100 percent of Brazilians.” (more…)

Banks, Global trends, Hotnews, Mobile-first banks

October 30, 2017

381

McKinsey: Banks Cannot Afford to Wait Any Longer as Digital Entrants Impact Bank Performance

McKinsey recently published a report on the global banking industry. While stating the financial recovery has helped old finance regain their footing the future is not quite so clear. According to the authors; (more…)

Analytics, Banks, Global trends, Hotnews

October 30, 2017

253

DBS opens multi-currency accounts for corporate clients

By DBS

DBS Bank today announced the launch of the DBS Corporate Multi-Currency Account (Corporate MCA) to help businesses transact and manage up to 13 currencies[1] in separate e-wallets all maintained in one single account. (more…)

Banks, Fintech news, Global trends

October 26, 2017

198

ING sets up EUR300m fintech fund

ING has become the latest bank to launch a fintech venture fund, earmarking EUR300 million for investments in promising startups. (more…)

Banks, Fintech news, Global trends, Hotnews

October 26, 2017

186

Monzo Announces New Abroad ATM Fee Amounts

By Samantha Hurst for Crowdfunding Insider

Just one month after asking its Community to decide on ATM fee pricing, challenger bank Monzo announced the new prices for abroad ATM fees. The company shared in a post on Tuesday: (more…)

Banks, Global trends, Hotnews

October 18, 2017

187

IBM uses blockchain to improve cross-border payments processing

IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive. (more…)

Banks, Deals, Fintech news, Hotnews

October 16, 2017

276

Blockchain Technology’s Applications in Banking is ‘Infinite’: Credit Suisse Banker James Disney

Credit Suisse bank’s global head of software investment banking, James Disney, addressed the applications of Blockchain technology in the banking industry saying, ‘sky is the limit.’ (more…)

Banks, Blockchain

October 11, 2017

303

Wells Fargo expands fintech banking team

By Wells Fargo

Wells Fargo Corporate Banking announced today that it has expanded its financial technology banking team to better serve financial products and services companies that rely on new technology. Charles “Chuck” Silverman, a 25-year company veteran, has been named head of the expanded Financial Technology (FinTech) Group. (more…)

Banks

October 11, 2017

207

Temenos wins “material deal” with Santander’s Openbank

By Temenos

Further to the press release issued on 9th October 2017 announcing a global tier 1 bank had selected Temenos Core Banking, Temenos (SIX: TEMN), the software specialist for banking and finance, can today confirm that Openbank, the digital bank of Santander Group, has selected Temenos Core Banking to be implemented as Openbank’s new core banking solution for retail and SME banking across its global operations. (more…)

Banks, Hotnews

October 11, 2017

273

ING invites aspiring entrepreneurs to ‘Test Your Idea’

ING in Poland has launched a new online tool which enables entrepreneurs to test out their business ideas with a target group of prospective users. (more…)

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

October 9, 2017