30 July 2015

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National Australia Bank is to establish a $50 million venture fund to invest in startups with fresh ideas in mobile banking, payments and data and analytics.

The UK's banks have failed to learn the lessons from a wave of scandals over rigging of financial benchmarks says the Financial Conduct Authority in a damning report on the industry's response to evidence of widescale market abuses.

Digital evangelists predicting the demise of the bank branch could be in for a rude awakening, according to a new study from IDC Financial Insights which pitches the much-derided bricks and mortar outlet as the fulcrum of a healthy bank-to-customer relationship strategy.

Payments

ING Bank introduces voice-activated mobile payments

29 July 2015  | 0 comments | 19 tweets | 25 linkedin

ING Bank in the Netherlands is introducing voice-activated payments through its mobile app, enabling customers to authorise transactions by conversing with a virtual assistant on their phone.

There were 192 fintech mergers and acquisitions worth a total of $18.9 billion in the first half of 2015, according to research from investment bank Berkery Noyes.

Payments

Hong Kong telco HKT launches SIM-based mobile wallet

28 July 2015  | 0 comments | 7 tweets | 5 linkedin

Hong Kong network operator HKT has launched Tap & Go, a SIM-based mobile payments service for online, P2P and contactless instore transactions.

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Retail banking

Stripe lands new funding; signs deal with Visa

28 July 2015  | 0 comments | 16 tweets | 16 linkedin

Hot payments startup Stripe has landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion.

One in every two visits to a bank branch now involves self-service transactions rather than human interaction, according to data from the UK's Halifax.

The Monetary Authority of Singapore (MAS) has poached Citi exec Sopnendu Mohanty to head up a new fintech and innovation group.

ANZ is looking to beef up its retail distribution strategy with the appointment of long-serving McDonald's exec Catriona Noble to oversee its customer-facing channels.

Latest company announcements

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