12 February 2016

All retail banking news

The hordes of very tall men descending on Toronto this weekend for the NBA All Star game won't need to crouch down to access their equally large bank accounts thanks to a newly installed 10 foot tall Bank of Montreal ATM.

A strong line-up of challenger banks, established banks and government and regulatory officials will take to the podium at Finextra's forthcoming NextGen banking event at London’s Level39 in Canary Wharf to debate the disruptive forces reshaping the banking sector.

BBVA is shaking up the way it invests in fintech startups, closing its $100 million in-house fund and pumping $250 million into a new independently managed outfit called Propel Venture Partners.

Is Paym a failure?

Is Paym a failure?

11 February 2016  | 13 comments | 18 tweets | 13 linkedin

This week UK mobile P2P payment platform Paym published its latest figures on user uptake and transaction volumes. Hakim Mendjeli, former head of mobile product and strategy at Lloyds Banking Group, sifts through the data.

Indian central banker floats account number portability

Indian central banker floats account number portability

11 February 2016  | 3 comments | 10 tweets | 7 linkedin

A senior Indian central banker says that the industry should investigate the introduction of account number portability, making it easier for customers to switch providers.

RBS prepares to open executive wing to startups

RBS prepares to open executive wing to startups

11 February 2016  | 1 comments | 11 tweets | 9 linkedin

Royal Bank of Scotland is preparing to welcome 100 entrepreneurs and ten startup support organisations to the executive wing of its Scottish HQ following a year-long refit of the former symbol of big bank excess.

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