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785

BBVA travels deeper into the cloud

By Finextra

BBVA has inked a global agreement with Amazon Web Services (AWS), pitching its digital transformation strategy deeper into the cloud. (more…)

Banks, Fintech news

October 21, 2016

752

R3 Trials Interbank Cross-Border Payments With Ripple’s Digital Asset XRP

By LTP

October 20, 2016 (London) – Financial innovation company R3 and 12 of its consortium member banks have trialed Ripple’s distributed financial technology and the potential for its digital asset to scale liquidity and reduce the costs and inefficiencies of interbank cross-border payments. (more…)

Banks, Blockchain, Fintech news, Remittances

October 21, 2016

690

SocGen opens tech hub for digital drive

By Finextra

Societe Generale has unveiled a massive technology hub, christened ‘The Dunes’, that it says symbolises the bank’s digital transformation. (more…)

Banks, Fintech news

October 20, 2016

789

J. P. Morgan Launches Indonesia Virtual Banks

By Fintechnews Singapore

Offered via the J.P. Morgan ACCESS® OnlineSM, the virtual branch is a fully integrated platform that provides a comprehensive suite of banking services that can be securely accessed from desktops and mobile devices. With the service, clients can submit documents digitally, initiate and approve transactions online as well as have complete visibility of all cross-border and statutory payment transactions. (more…)

Banks, Fintech news, Indonesia

October 18, 2016

1157

OK We Need to Innovate. But Where Do We Start?

By Graham Seel for Finextra

Community banks need to innovate. Most of us accept that. Too much is changing around us, too many other players are jumping on our turf. Regulators seem out to strangle us. And customers demand more and more. (more…)

About, Banks, Global trends

October 18, 2016

801

3 trends to dig into at Money2020

By Paul Thomas for Finextra

The Money20/20 agenda is always packed; the event inspires insightful discussion, debate and collaboration every year. And this year promises to be no exception. I’m especially looking forward to chewing over these three topical trends in Las Vegas: (more…)

About, Banks, Mobile payments/banking, POS/mPOS and online acquiring, Security

October 18, 2016

663

Australian banks pull no punches in acrimonious Apple Pay dispute

By Finextra

The simmering dispute between Apple and four of Australia’s leading banks over terms of access to Apple Pay has erupted into a fresh slanging match as the banking collective presses home its campaign to secure collective bargaining rights for NFC access to iPhones. (more…)

Banks, Cashless, Fintech news, Mobile payments/banking, POS/mPOS and online acquiring

October 17, 2016

695

Technology Is an Answer to the Problem of Financial Exclusion

By Elena Mesropyan for LTP

With around 2 billion people around the world not having access to formal financial services and certain catastrophic events in the Middle East have led to millions becoming undocumented migrants (there are >232 million undocumented migrants internationally), the matter of financial inclusion has become one of the most important goals and responsibilities for innovative companies working with financial technology. (more…)

About, Banks, Global trends

October 17, 2016

1110

Mandiri Capital launches summit to ramp up fintech innovation in Indonesia

By Yon Heong Tung for e27

Indonesian state-owned Bank Mandiri has grand aims to build Indonesia into a regional hub for fintech innovation. (more…)

Banks, Fintech news, Indonesia, InspirAsia

October 17, 2016

1441

Banks will not adopt blockchain fast

By Oliver Bussmann for Financial Times

Since the blockchain — the technology underpinning the digital currency bitcoin — first emerged, people have recognised its potential to transform financial services. The banks have been paying attention. Around the world, they have been setting up labs to test blockchain solutions, carrying out proofs of concept and publishing papers. They are also forming or joining blockchain consortiums, like R3 or the Hyperledger Project, to better work together. Regulators have taken a keen, often quite supportive, interest as well. (more…)

Banks, Blockchain, Global trends

October 15, 2016

896

Fintechs and Banks: Breaking Barriers

By Riaz Mohammed for Finextra

Start-ups such as fintech companies are uncovering innovative ways to provide better and cheaper services to customers. The fintech revolution is beginning to take market share from larger companies including banks. So, even though not all fintechs will enjoy long-term success, one thing is becoming very clear: banks will have to integrate with them sooner rather than later. It is time to break down the barriers between them. (more…)

About, Banks, Global trends

October 15, 2016

776

India completes its first banking blockchain transaction

By  for TechInAsia

ICICI Bank, one of India’s largest private banks, announced today that it has successfully completed blockchain transactions, making it the first Indian bank to do so. (more…)

Banks, Blockchain, India

October 12, 2016

759

The Power of Personalization in the Financial Services Industry

By Elena Mesropyan for LTP

‘Let’s not get personal’ is certainly not about the modern way to serve the customers’ financial needs in the best way. Financial institutions should get personal if they wish to evolve and be relevant in a highly competitive market where personalization is one of the most important ways to appeal to experientially omnivorous consumers. (more…)

About, Banks, Global trends, Hotnews

October 12, 2016

672

Alt-Branch Banking: Be the Home for the Homeowner (or Renter)

By Jim Bruene for Finovate

The writing is on the wall. The bank branch wall that is. In a world of ubiquitous smartphones, bank branch ROI continues to plummet. That leaves many financial institutions wondering how to replace the branch’s historic role as the center of customer acquisition. (more…)

About, Banks

October 12, 2016

870

Lessons from Startups: Leveling Up the Zero Financial Waitlist

 for Finovate

Saturday, Ron Lieber’s NY Times column Your Money discussed alternatives for consumers looking to move from major banks (thanks Wells Fargo). He started with credit unions, touched on community banks and then finished with a major shout-out to a an unlaunched fintech startup Zero Financial.

(more…)

Banks, Cashless, Fintech news

October 11, 2016

649

Mitek and Backbase team on frictionless onboarding process

By Finextra

Mitek (MITK), a global leader in mobile capture and identity verification software solutions, and Backbase, a leader in omni-channel digital banking solutions, establish a partnership to make Mitek’s OCR and document validation capabilities available through the Backbase Open Banking Marketplace. (more…)

Banks, Fintech news, Mobile payments/banking, POS/mPOS and online acquiring

October 11, 2016

896

RS2 Software and Alpha Payments Cloud team up in Thailand

By Finextra

Payments processor RS2 Software plc has announced a partnership with Alpha Payments Cloud, a global leader in providing access to payment, risk and commerce solutions to international banks and merchants. (more…)

Banks, POS/mPOS and online acquiring, Remittances, SME, Thailand

October 10, 2016

951

UBS targets less rich Brits with robo-advisor platform

By Finextra

UBS is hoping to bring its wealth management services to a wider audience through the launch of a digital robo-advisory platform available to UK customers with as little as £15,000 to invest. (more…)

Banks, PFM/PFP services

October 10, 2016

868

In the Kitchen of FinTech

By Sofia for LTP

One of the core differences between the FinTech world and traditional financial institutions lies in the underlying technology and the level of freedom to build it. Unlike traditional banks, FinTech startups are free from legacy systems and operate mostly in the area of law that allows them to be relatively free. Hence, they can build their services on experimental algorithms and pivot them as they please to find the best solution. (more…)

Banks, Mobile-first banks, p2p/online lending

October 10, 2016

668

Abstract Banking Promises a New Era of Customer Choice

By Mark Durrand for Finextra

Open APIs could revolutionise the banking sector providing customers with more choice and flexibility while increasing competition between banks and lenders. Just as comparison websites enabled customers to find the best products and thus disrupted the high street banks, APIs could empower customers to compare and switch products in a much more seamless manner, further weakening the hold of the established banks. If this happens, it is vital that customers remain in control of their data and have a clear understanding of how to use it. They need to understand who they are sharing their data with and for what purpose it will be used. (more…)

Banks, Global trends

October 10, 2016

690

SHB Has Reimagined ‘Banking on the Move’ With Wearable Banking Solution Developed by Vayana

By LTP

The solution will facilitate next generation banking facilities for its retail customers (more…)

Banks, Mobile payments/banking, POS/mPOS and online acquiring

October 9, 2016

991

The simple reason you should move your money to an online bank

By Ismat Sarah Mangla for Quartz

Would you pay a 23% fee to access your own money? That’s how much, on average, Americans are forking over when they withdraw $20 from an ATM that doesn’t belong to their bank. (more…)

Banks, Global trends, Mobile-first banks

October 8, 2016

625

Askara Bank taps TPS for PayPak roll out

By Finextra

Askari Bank Limited is proud to launch Askari PayPak Card. This initiative was undertaken in association with TPS as a trusted technology partner. (more…)

Banks, Fintech news, p2p-payments, Remittances

October 7, 2016

596

Luxembourg fund industry coalesces around blockchain

By Finextra

The Luxembourg fund industry is exploring how the uptake of distributed ledger technology can be applied to radically transform the asset management business, adopting a consortium-based approach involving nine leading banks, professional services firm PwC and local startup Scorechain. (more…)

Banks, Blockchain, Fintech news

October 7, 2016

608

Kiwibank rides the fintech accelerator

By Finextra

Kiwibank has partnered with Xero, Callaghan Innovation and Creative HQ to launch New Zealand’s first fintech accelerator. (more…)

Banks, Fintech news

October 7, 2016

664

The Next Phase of Relationships Between FinTech and Banks: Working Together for a Better Future

By Sofia for LTP

The whole FinTech crusade started out with the idea to fill the void and serve disadvantaged groups of the populationleft out by cautious policies of financial institutions. As a result, a range of startups gained substantial market traction and crossed international borders to threaten the existing national players. Industry professionals even estimated that~40% of revenues and up to 60% of the profits in retail banking could be under the threat of FinTech rivals. (more…)

Banks, Global trends

October 6, 2016

790

Compliance, Security and Mobile Top Bank’s Tech Spending List

By Robert Barba for American Banker

As chief information officers plot their budgets for 2017, they have a lot to consider. (more…)

Banks, Global trends, Marketing Report

October 5, 2016

719

Santander Joins The Crowdfunding Revolution

By David Prosser for Forbes

Remember the days when crowdfunding platforms were the young upstarts threatening to disrupt the banks out of business? Well today, those very same platforms are signing partnership deals with the banking industry. (more…)

Banks, Crowdfunding/investing, p2p/online lending

October 5, 2016

861

US Bank uses Visa geolocation tech to reduce card declines

By Finextra

US Bank is tapping technology from Visa that uses the geolocation capabilities of mobile phones to determine whether payment cards are being used fraudulently. (more…)

Banks, Cashless, Fintech news

October 5, 2016

1517

The first InspiRUSSIA Hackathon ended in Innopolis: the largest blockchain and Fintech hackathon in Russia

From 17 up to 18 September, the largest Russian InspiRUSSIA Hackathon organized by Life.SREDA VC – one of the first venture funds focused on financial technologies – in cooperation with the biggest Russian banks and institutions – Tatfondbank, Sberbank (Sberbank Tech), Microsoft and QIWI (NASDAQ trading Payment service provider) has successfully taken place at the Innopolis University. (more…)

Banks, Blockchain, Bots, Global trends, Hotnews, SME

October 5, 2016