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236

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

257

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

172

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

190

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

229

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

197

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

186

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

267

313

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

407

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

297

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

253

BNP Paribas to become startup bank for Parisian version of Silicon Valley

BNP Paribas is to locate its Plug and Play accelerator at Parisian startup campus Station F as part of a partnership programme that will see the bank become a first port of call to meet the financing needs of emerging technology firms at the site. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

May 11, 2017

282

N26 moves into savings market with Raisin API

Mobile-only banking platform N26 has partnered with Raisin to open access to savings accounts from banks across Europe. (more…)

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

May 11, 2017

189

Deutsche Bank backs pan-industry online identity platform

Deutsche Bank is teaming up with a host of major firms to set up a platform for online registration, e-identity and data services. (more…)

AI / Machine Learning / Big Data, Banks, Deals, Global trends, Hotnews

May 9, 2017

195

ING joins Digicash family

By ING

ING is joining the DIGICASH family with the launch of its ING DIGICASH app in Luxembourg. (more…)

Banks, Bots, Global trends, Hotnews, Mobile payments/banking

May 9, 2017

171

BNP Paribas Fortis adheres to PSD2now with The Glue

By The Glue

Today, The Glue, a leading provider of next generation infrastructure solutions for financial institutions, launches PSD2now, designed to support the Payment Services Directive 2 (PSD2). (more…)

Banks, RegTech, Security

May 9, 2017

221

Singapore Uni to offer digital transformation module in partnership with Standard Chartered

By Standard Chardtered

National University of Singapore (NUS) School of Computing and Standard Chartered Bank have signed a Memorandum of Understanding (MoU) for the co-development and co-delivery of a module on digital transformation. (more…)

Banks, Global trends, Hotnews, InspirAsia

May 9, 2017

127

ING digitises current account opening in Germany

ING’s German arm has completely digitised its current account opening process, enabling would-be customers to ditch paper and signatures in exchange for video-chat authentication. (more…)

Banks

May 9, 2017

297

MFI Myanmar Finance raises $1m debt from Maybank

Myanmar Finance International Limited (MFIL), a microfinance joint venture of AIM listed Myanmar Investments International (MIL), has raised an additional local currency denominated $1 million debt facility from Malaysia’s Maybank. The loan agreement was signed on May 3, according to their announcement. This will be a follow-on debt injection from Maybank after the MFI secured $1 million back in November 2016. (more…)

Banks, Fintech news, InspirAsia

May 5, 2017

Capital One Canada launches free credit score tool

Canadians are suffering from ostrich syndrome, according to a new survey from Capital One which shows that more than half have never attempted to get their credit score. (more…)

Banks, Credit scoring

May 5, 2017

211

Bank of America teams with Bypass for digitial commerce at stadium concessions

By Bank of America

Bank of America Merchant Services and Bypass are teaming up to help arenas, sporting venues, corporate and college campuses, hospital cafeterias and other contract food and beverage operators run their concessions more efficiently through a new unified, digital commerce solution. (more…)

Banks, Deals, Hotnews

May 4, 2017

198

Eight startups Rise up with Barclays

By Barclays

Barclays Bank is entering formal engagements with eight of the 11 startups to pass through its latest fifteen-week accelerator programme and spinning out an internal team as a separate company. (more…)

Accelerators/Incubators/Labs, Banks, Global trends

May 4, 2017

163

RBS gives AI a helping hand with ‘hybrid bots’

The Royal Bank of Scotland is rolling out a customer service “hybrid bot” from vendor LivePerson that hands over to a human colleague if questions flummox its artificial intelligence. (more…)

AI / Machine Learning / Big Data, Banks, Bots, Global trends, Hotnews

May 4, 2017

220

BNP Paribas signs global Snapchat deal

BNP Paribas is strengthening its ties to Snapchat, signing a global partnership deal with the teen-friendly video sharing platform in an attempt to boost its profile among the millennial generation. (more…)

Banks, Global trends, Hotnews

May 3, 2017

249

Barclays opens Europe’s largest fintech site

Barclays has opened an innovation centre in London’s hipster capital Shoreditch housing internal banking and technology teams alongside more than 40 fintech startups. (more…)

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

May 3, 2017

157

DBS Q1 net profit up 1% from a year ago

DBS Group Holdings reported on Tuesday that its net profit for the first quarter ended March 31, 2017 rose to a record S$1.21 billion, up 1 per cent from a year ago. (more…)

Banks, Global trends, Hotnews, InspirAsia

May 2, 2017

204

Goldman Sachs Celebrates First Retail Year and Its Online Deposit Platform

By PYMNTS

After a full year in service, Goldman Sachs Bank USA is celebrating its first full year in retail and its online deposit platform’s success. (more…)

Banks, Global trends, p2p-payments, Security

May 2, 2017

358

PayPal launches Business in a Box service for SMBs

PayPal has unveiled a new service, called Business in a Box, which brings together a host of tools designed to help small firms start and run their online operations. (more…)

Banks, p2p/online lending, SME

May 2, 2017

What does the future of banking look like?

Derek White, BBVA global head of customer solutions, takes a tour of the new digital technologies that are set to reshape banking. (more…)

Banks, Fintech news, Hotnews

May 2, 2017

311

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