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953

What the Wells Fargo Cross-Selling Mess Means for Banks

By RACHEL LOUISE ENSIGN for WSJ

Concept of selling customers multiple products is Holy Grail of banking, but it’s tough to pull off in practice

(more…)

Banks

September 16, 2016

751

Lloyds Bank implements Touch ID

Over two million Lloyd Bank, Halifax and Bank of Scotland customers* can now access mobile banking twice as quickly as before…with just their fingerprint. (more…)

Banks

September 16, 2016

837

Can banking be Uber-ed?

By Lonnie Shekhman for CS Monitor

When he moved to Pittsburgh in 2004 for graduate school, Joshua Reich was so perplexed about having to write a check to pay for a utility bill, he sought the help of a neighbor. (more…)

Banks, Global trends

September 16, 2016

652

Citi Ventures Makes Strategic Investment in FastPay, the Leading FinTech Solution Provider to Digital Businesses

FastPay, a leading financial technology company that provides lending and financial workflow solutions to digital businesses, today announced the close of a strategic investment from Citi Ventures. (more…)

Banks, Mobile payments/banking

September 16, 2016

How Companies are Already Innovating with Blockchain

By Susan Galer (SAP) for Forbes

I recently sat down with Kris Hansen, Senior Principal at SAP Financial Services to talk about why innovators at leading-edge financial services organizations are intrigued by blockchain’s promise, and how they’re getting ready for what will be the next enormous industry transformation. Hansen is particularly surprised at how blockchain “seemed to come out of nowhere.” Below is an excerpt from our conversation, which you can read in full here. (more…)

Banks, Blockchain, Global trends

September 16, 2016

Barclays signs contracts with six accelerator graduates

Barclays Bank has signed contracts with six fintech startups participating in its accelerator programme in New York. (more…)

Banks, Deals, Global trends

September 16, 2016

BTMU and IBM use blockchain for contract management

The Bank of Tokyo-Mitsubishi UFJ (BTMU) and IBM are teaming up to use blockchain technologies for the design, management and execution of contracts among business partners. (more…)

Banks, Blockchain, Cryptocurrencies

September 16, 2016

621

Blockchain: A Radical New Way To Transact Business

By KPMG

If you’re baffled by how bitcoin actually works, you’re not alone. Yet the technology behind the virtual currency could soon allow companies to execute financial transactions in a totally new — and secure — way. (more…)

Banks, Blockchain, Cryptocurrencies

September 14, 2016

977

Siri Sending Money Via N26

Siri can do lots of things. Now, she can help you send money. (more…)

Banks, Global trends, Hotnews, Remittances

September 14, 2016

Alibaba believes the future of mobile payments lies in the veins of our eyeballs

By Josh Horwitz for QZ

Apple wants consumers to pay for things using their fingers. Google and Amazon want consumers to pay with their faces. Alibaba is looking elsewhere. (more…)

Banks, Hotnews, Mobile payments/banking

September 14, 2016

Chase signs multi-year mobile payments deal with Best Buy

Chase has signed a multiyear agreement for Best Buy (BBY) to accept Chase Pay in its stores, on BestBuy.com and in the Best Buy app, the company announced today. (more…)

Banks, Mobile payments/banking

September 14, 2016

843

Goldman Sachs wants to put foreign exchange trades on the blockchain

By Ian Kar for QZ.com

Trading currencies is costly and slow for traders at major financial institutions—transactions need to go through a bunch of middle men, each of which take a slight fee. A new patent application from Goldman Sachs hints at how the blockchain technology that is behind bitcoin could revolutionize that process. (more…)

Banks, Blockchain

September 14, 2016

New banking app will let users pay before they even get a plastic card

Australia is slowly going cashless, but is it also ready to go “cardless”? (more…)

Banks, Global trends, Hotnews

September 13, 2016

621

Banks find blockchain hard to put into practice

By Kadheem Shuber for Financial Times

Banks are rushing to adopt blockchain — the database technology that underpins bitcoin — in order to cut costs, but technologists and business people are having to make drastic changes to force the radical technology to adhere to the norms of the banking world. (more…)

Banks, Blockchain, Cryptocurrencies

September 13, 2016

637

These Young Female Entrepreneurs Are Tackling Big Problems

By Kia Kokalitcheva for Fortune

Teens girls who competed in the #BuiltByGirls Challenge took on wasted food and sexual assault. (more…)

Analytics, Banks, Hotnews

September 12, 2016

561

Inside the Bank of England’s vaults: can cash survive?

It’s the smell that hits you first. As the doors to the Bank of England’s lifts slide open, the underground corridor that greets you doesn’t feel like it leads somewhere important. (more…)

Banks, Cashless

September 12, 2016

ABN Amro joins hyperledger hackathon

ABN Amro, IBM, Holland FinTech and Linux Foundation are to run the first-ever Hyperledger hackathon, inviting coders to develop new financial applications capable of running on distributed ledgers. (more…)

Banks, Blockchain

September 12, 2016

658

Blackstone’s Schwarzman Invests in Elite Education in China

By Charles Hutzler for WSJ

Master’s program focuses more on cultivating leadership skills than academics (more…)

Banks, Global trends, Hotnews

September 10, 2016

Analytics Advice from Top Bank Data Officers

By Tanaya Macheel for American Banker

The sea of data at banks can be tough to navigate, so good captains are crucial. (more…)

Analytics, Banks, Global trends

September 10, 2016

New Finextra paper explores impact of robo on wealth management

A new research paper, produced by Finextra in association with EPAM, explores the rise of robo and asks how it will further reshape the advisory business and wealth management in the future. (more…)

Analytics, Banks

September 10, 2016

Barclays and CommBank team on cross-border mobile payments

Barclays is teaming up with the Commonwealth Bank of Australia to enable customers to send instant mobile payments around the world with just a phone number. (more…)

Banks, Mobile payments/banking, Remittances

September 10, 2016

Deutsche Bank establishes Dublin data lab

Deutsche Bank has opened a data lab in Dublin, creating 40 new jobs, with plans to add an additional 125 technology and operational roles in the near future. (more…)

Banks, Fintech news, Global trends

September 10, 2016

BNP Paribas open New York Innovation Zone

BNP Paribas has opened a 5000 square foot ‘Innovation Zone’ on the 30th floor of its Manhattan HQ, where it is inviting employees to come and re-imagine the bank. (more…)

Banks, Global trends, Government activities

September 10, 2016

572

It’s Not Creepy, It’s the Future

By Jason Zweig for WSJ

Your next financial adviser might be a centaur — not half-human, half-horse, but half-human, half-machine. (more…)

Banks, Fintech news, Global trends

September 10, 2016

The never-ending saga of contactless card fraud

Security measures for the UK’s contactless card programme have been derided as ‘chaotic’ after it emerged that customers can still be subject to fraudulent transactions up to eight months after reporting lost or stolen cards. (more…)

Banks, Fintech news, Global trends, Mobile payments/banking

September 10, 2016

CFTC approves rules to strengthen cyber resilience in financial markets

US exchanges, clearing houses, trade repositories and dealing platforms will have to test their systems for cyber-vulnerabilities at least once a quarter under new rules approved by the Commodity Futures Trading Commission. (more…)

Analytics, Banks, Fintech news, Global trends

September 10, 2016

BNY Mellon to roll out new payment capabilities

The transformation of BNY Mellon’s payment infrastructure that began two years ago with upgrades to the company’s global payment capabilities will continue this fall with the launch of several important new processing and reporting enhancements. (more…)

Banks, Cashless, Mobile payments/banking

September 7, 2016

Why Fintech Startups Might Not Want to Become Unicorns

By July Verhage for Bloomberg

In mythology, unicorn sightings are blessed events. In fintech world, they might be increasingly ill-fated. (more…)

Analytics, Banks

September 7, 2016

732

Hong Kong unveils a digital hub to boost fintech startups and innovation

By John Russel for Techcrunch

Hong Kong is making a move to challenge Singapore and others as the dominant location for fintech in Asia after the Hong Kong Monetary Authority (HKMA) unveiled a hub and new allowances to spur innovation. (more…)

Banks, Global trends, Government activities

September 7, 2016

Hong Kong regulator says banking fintech ‘sandbox’ to start September 6

A special regulatory regime that would allow Hong Kong banks to test out innovative new financial technologies will start as of Tuesday, Hong Kong’s banking regulator said. (more…)

Banks, Cashless, Fintech news

September 6, 2016