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108

BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel. (more…)

Banks, Deals, Global trends, Hotnews, Influences FinTech, Mobile-first banks

April 5, 2017

OCBC Bank Launches First A.I. Powered Home Renovation Loan Specialist Chat Bot

By FIntechnews.sg

With more than 20,000 enquiries logged since its launch in January, OCBC Bank announced today the success of the first-of- its-kind specialised home and renovation loan chatbot service in Singapore. More than 10% of the chat sessions have been converted into mortgage loan sales prospects. (more…)

AI / Machine Learning / Big Data, Banks, Hotnews, InspirAsia

April 5, 2017

JPMorgan’s head of new technologies hired by Lending Club

JPMorgan Chase & Co.’s head of new technologies has been hired by Lending Club Corp. as the peer-to-peer lending pioneer seeks to rebuild business following a scandal over its corporate controls. (more…)

Banks, Global trends, Influences FinTech

April 5, 2017

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122

ANZ to use voice prints for mobile authentication

ANZ is to pilot the use of voice biometrics on mobile devices to automatically authorise high value payments. (more…)

Banks, Hotnews, Mobile payments/banking

April 4, 2017

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116

CommBank hails Albert POS terminal

Commonwealth Bank of Australia says that its decision to move into the point-of-sale hardware market two years ago has proved a success, with more than 75,000 terminals operating across the country. (more…)

Banks, POS/mPOS and online acquiring

April 3, 2017

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200

Jack Ma talks about why Alibaba will last for 102 years

A recent speech of Jack Ma has everyone talking in China. The last time Ma spoke in public, he pledged to create 1 million jobs in US when he met the US President at Trump Tower in New York in January. (more…)

Banks, Fintech news, Global trends, Hotnews

April 3, 2017

Alipay

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Wirecard acquires South African payment service provider

Wirecard AG acquired all shares of MyGate Communications (Pty) (more…)

Banks, Deals, Global trends, Hotnews, Payment processors/providers/gateways

April 1, 2017

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130

With core conversions, the question isn’t if, but when

By Bryan Yurkan for American Banker,

Expense and risk has kept many U.S. banks from modernizing their core systems, but executives at one community bank that completed the project this past summer say they are happier for having done it. (more…)

Banks, Fintech news, Global trends, Hotnews

April 1, 2017

Meeting demand for mobile ‘it’ feature at a community bank

By Penny Crosman for American Banker,

his story is part of our Community Bank Tech Projects series. Each day this week we will highlight a technology initiative a community bank pursued in the past year. The aim of the series is to explore where community banks are choosing to invest their limited resources in technology. (more…)

Banks, Fintech news, Global trends

April 1, 2017

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126

MUFG joins Ripple’s Global Payments Steering Group

MUFG’s banking arm The Bank of Tokyo-Mitsubishi UFJ (BTMU), the third largest bank in the world and largest bank in Japan, publicly announced today that it is joining Ripple’s Global Payments Steering Group (GPSG). (more…)

Banks, Deals, Global trends, Hotnews, Influences FinTech

April 1, 2017

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60% more fintechs were funded by banks

Vladislav Solodkiy, Managing partner, Life.SREDA

Last year was marked by an active “flirting” of traditional banks with fintech. American banks are past “abruption” and “ignoring” phase – more and more they invest in startups, open APIs and their platforms for third-party developers. (more…)

Banks, Fintech news, Hotnews, Influences FinTech

March 30, 2017

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154

The Hottest Digital Bank in Vietnam Just got Funding and a new Partner

By FintechnewsSG 

Sun Life Vietnam Insurance Company Ltd. has entered into a 3-year partnership with Global Online Financial Solutions Ltd., the owner of Vietnam’s digital banking platform Timo. (more…)

Banks, Fintech news, Global trends

March 30, 2017

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Century-Old Bank Plans Digital Revamp to Fight Fintech Risk

By Anuchit Nguyen for Bloomberg

Siam Commercial Bank Pcl, Thailand’s oldest homegrown lender, plans to reinvent its mobile digital payment platform as a lifestyle app to help fend off competition from upstart financial technology providers. (more…)

Banks, Global trends, Hotnews

March 30, 2017

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112

HSBC partners TradeShift to digitise the corporate supply chain

By Finextra

HSBC is partnering with Danish business commerce platform TradeShift to bring streamlined digital finance and working capital to corporate supply chains. (more…)

Banks, Fintech news

March 30, 2017

Spanish Banking Giant BBVA Now a Member of Hyperledger Blockchain Project & Linux Foundation

By Samburaj Das for CCN

Spanish multinational banking group BBVA becomes the latest financial institution to join the Hyperledger Project, a cross-industry blockchain collaborative with open-source principles led by the Linux Foundation. (more…)

Banks, Blockchain, Cryptocurrencies, Global trends, Hotnews

March 30, 2017

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Didi considering US$6B investment from SoftBank, the biggest tech funding in China

By Yon Heong Tung for e27.com

Existing investors Tencent and Apple are said to be mulling whether to participate on a pro-rata basis to avoid dilution of shares (more…)

Banks, China, Deals, Global trends, Hotnews

March 28, 2017

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Moven strikes gold with TD Bank licensing extension

By Finextra

Digital-only neobank Moven has announced a five-year extension of its money management app tech licensing deal with Canada’s TD Bank, in a move which is expected to fund the business to the tune of more than $20m over the next two years alone. (more…)

Banks, Mobile-first banks

March 28, 2017

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160

How banks use investment funds to spread CRA risk

By Allison Prang for American Banker,

Banks of all sizes — from Bank of America to the $1 billion-asset Howard Bank near Baltimore — are investing in small-business loan funds to promote economic development while sharing risk. (more…)

Banks, Deals, Government activities, Hotnews

March 28, 2017

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Banks and Tech Firms Battle Over Something Akin to Gold: Your Data

By Nathaniel Popper for CNBC,

The big banks and Silicon Valley are waging an escalating battle over your personal financial data, including the amount you spent on dinner last week and how much you are paying for your mortgage. (more…)

Banks, Hotnews, Security

March 24, 2017

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Solarisbank raises $28 million with sights set on Asian market

By BI Inteligence,

While the US and European fintech markets seem to have stalled, Asia continues to show robust growth. (more…)

Banks, Deals, Hotnews

March 22, 2017

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129

Goldman building robo-adviser to tap mass affluent client segment

GOLDMAN Sachs Group, known for advising the world’s richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank’s website. (more…)

Banks, Global trends, Hotnews

March 22, 2017

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Deutsche Bank opens New York innovation lab

By Finextra,

Deutsche Bank has opened an innovation lab in New York, its fourth globally after Silicon Valley, Berlin and London. (more…)

Banks, Global trends

March 22, 2017

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State Bank of Vietnam establishes fintech steering committee

Governor of the State Bank of Vietnam (SBV) signed Decision No.328/QĐ-NHNN to establish SBV Steering Committee on Financial Technology (Steering Committee on Fintech). (more…)

Banks, Government activities

March 21, 2017

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192

How Banks Can Partner With Lending Startups: The Construct

Kotak Bank is looking for digital lending partners globally. Startups from any country can apply.

(more…)

Banks, Fintech news

March 21, 2017

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Tandem rocked by £29 million funding halt

Digital challenger bank Tandem has been rocked by news that Sanpower, the Chinese conglomerate which owns House of Fraser, has been forced to cancel a £29 million cash injection intended to help the startup meet regulatory capital requirements. (more…)

Banks, Government activities, Mobile-first banks

March 21, 2017

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Yes Bank taps Silicon Valley’s Payjo for chat-based mobile assistant

Disruptive technologies lead to better customer experiences – from Internet to touch screens. (more…)

Banks, Hotnews

March 21, 2017

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Icici unveils mobile app for rural Indians

By Finextra

Icici has unveiled a mobile app specifically designed for India’s huge rural population, providing a host of banking services as well as useful information such as crop prices. (more…)

Banks, India

March 21, 2017

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PayThink Blockchain payments can help banks play innovation catch up

By Artem Tymoshenko for Payments Source

One area that has lagged in innovation is the financial services industry.  (more…)

Analytics, Banks, Blockchain, Payment processors/providers/gateways

March 3, 2017

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Banks are sold on blockchain, concerned about collaboration

By Penny Corpsman for AmericanBanker

Several ideas are emerging about the adoption of blockchain in the financial services industry that are quite different than what anyone would have predicted two or three years ago.  (more…)

Banks, Blockchain, Fintech news

March 3, 2017