02 July 2015

All News

Mobile & online

Mobile banking biometrics gains traction

16 hours ago  | 1 comments | 23 tweets | 21 linkedin

Banks are rapidly adopting biometrics as an authentication method for mobile services and are willing to cooperate to provide customers with a common interface, according to a survey from the Mobey Forum.

Payments

Citi builds blockchains

3 hours ago  | 0 comments | 12 tweets | 6 linkedin

Citi has been exploring distributed ledger technology for years, building three blockchains and creating its own crypto-currency, dubbed Citicoin, the banking giant has told International Business Times.

For the first time, current accounts have become the most targeted financial product by fraudsters, as criminals probe for loopholes in the UK's seven-day switching service.

Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.

PayPal is forcing its way into the booming market for international remittances with a proposed $890 million acquisition of money transfer startup Xoom.

Retail banking

KFC taps Alipay for Chinese mobile payments

23 hours ago  | 0 comments | 6 tweets | 4 linkedin

KFC has become the latest major retailer to strike a deal with Alipay, enabling customers in China to pay for their fried chicken with their mobile phones.

Features and analysis

More News

Interactive Data is gearing up for a possible sale or initial public offering that could value the market data outfit at more than $5 billion, according to Reuters.

Start ups

Santander and Monitise form fintech venture

01 July 2015  | 0 comments | 11 tweets | 13 linkedin

Banco Santander and mobile money vendor Monitise have formed a £20 million joint venture that will invest in and help build fintech startups.

Payments

US banks pump $16.6bn into digital transformation

01 July 2015  | 2 comments | 33 tweets | 21 linkedin

American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights.

Payments

Singapore pledges S$225m to fintech

01 July 2015  | 0 comments | 28 tweets | 20 linkedin

Singapore has committed S$225 million over the next five years to a scheme designed to build a vibrant ecosystem for innovation in fintech.

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