01 October 2014

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Wells Fargo has established a digital lab to test the use of bleeding edge technologies such as smart wearables and virtual reality headsets in banking.

The UK's Financial Conduct Authority will explore the introduction of full bank account portability as part of a review into the country's existing current account switching service.

Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.

Non-cash payments volumes are expected to increase by nearly 10% percent to reach 366 billion transactions in 2013, fueled by strong growth in developing markets and mobile payments, according to the 10th annual World Payments Report from Capgemini and Royal Bank of Scotland (RBS).

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FS firms gear up for .bank domains

30 September 2014  |  0

Financial services firms will be able to use '.bank' domains from next year after a collection of industry organisations struck a deal with Icann.

Several banks in Hong Kong, including Standard Chartered, have shut down branches and ATMs and advised customers to use online and mobile services, as tensions between pro-democracy demonstrators and police on the island grow.

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