Royal Bank of Canada is to begin recording the voice prints of customers as they dial in to its call centres, eliminating the need for passwords and additional authentication questions to determine client IDs.
An initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up momentum, with another 13 major banks - including BofA, Deutsche Bank and HSBC - throwing their weight behind the plan.
RBC today announced that it has been awarded a patent on its innovative Secure Cloud payment and security technology by the United States Patent Office. The patent covers use of secure tokens by our clients to facilitate payments from mobile devices.
Consumers want mobile payments to be fast, easy and most important of all, secure. RBC understands this and has long been innovating in the secure payment space and has now increased security and accelerated sign in with its development of an app for the Android M Developer Preview, the next major release of its operating system.
Apple is hoping to launch its mobile payments service in Canada this autumn, although the firm is still wrangling with banks over fees and security concerns, according to the Wall Street Journal.
EBS, ICAP's market-leading electronic FX business, announces today that its growth in Commonwealth currencies will be further strengthened with the addition of Royal Bank of Canada (RBC) as the first Canadian liquidity provider (LP) on the EBS Direct platform. This brings the total number of LPs on EBS Direct to 19.
Royal Bank of Canada has implemented Host Card Emulation for its mobile banking app, enabling customers to pay with most Android mobile phones without worrying about being on the right mobile network or having the right SIM card.
Canadian regulators have given approval to Aequitas, a new stock exchange backed by a consortium of financial services firms that plans to take on TMX Group and keep out high-frequency traders.
Heartbeat authentication startup Bionym is to conduct a multi-bank trial of its wearable Nymi Band for contactless card transactions at the point-of-sale in Canada.
Royal Bank of Canada (RBC) has joined the IBOS international banking network to access the wide range of cross-border and local banking services, in support of its Canadian client base who are expanding their business globally.
© Finextra Research 2015