04 March 2015

Latest News

Transaction banking

Swift bags BIC-to-IBAN data mandate for UK banks

10 February 2015  |  4099 views  |  0 comments | 4 tweets | 6 linkedin

The UK Payments Council has contracted with interbank messaging network Swift to provide a BIC-to-IBAN data platform, enabling the nation's banks to conform to new EU regulations on cross-border payments in the euro zone.

Mobile & online

India lays out plan to ditch cash for mobile payments

09 February 2015  |  8419 views  |  3 comments | 21 tweets | 23 linkedin

India has set out its plans for a unified electronic payments system and set of APIs designed to wean the country off of cash and onto electronic transactions tapping smartphone and biometric technology.

Retail banking

Barclays puts the branch on the iPad

09 February 2015  |  8506 views  |  4 comments | 27 tweets | 22 linkedin

Barclays is to equip its roving army of Community Bankers with iPads capable of performing all banking operations previously confined to bricks and mortar branches.

Cards

Lloyds to push rewards to customer mobile phones and smartwatches

09 February 2015  |  6452 views  |  0 comments | 19 tweets | 10 linkedin

Lloyds Bank is to push notifications on cashback offers and rewards to registered customer mobile phones and smartwatches.

Wholesale banking

Core surgery a necessity as banks lose faith in legacy systems - Finextra

09 February 2015  |  9655 views  |  2 comments | 27 tweets | 31 linkedin

A clear majority of banks believe that they will have to overhaul their core infrastructure over the next three to five years if they are to face off the threat from more agile competitors, according to research conducted by Finextra.

Retail banking

Fed researcher sets out vision for government cryptocurrency

06 February 2015  |  11993 views  |  5 comments | 27 tweets | 20 linkedin

A senior researcher at the Federal Reserve Bank of St Louis has floated the idea of a government-backed 'Fedcoin' that uses a bitcoin-style protocol but the US dollar as the monetary object, combining the best of cryptocurrencies and cash.

Wholesale banking

Global bank IT spending to hit $196 billion in 2015

06 February 2015  |  9962 views  |  4 comments | 27 tweets | 24 linkedin

Total bank IT spending across North America, Europe, and Asia-Pacific will grow to $196.7 billion in 2015, an increase of approximately 4.6% over 2014, according to forecasts by Celent.

Security

Contactless spend in the UK trebles as technology steps into the mainstream

06 February 2015  |  8789 views  |  5 comments | 22 tweets | 15 linkedin

Spending on contactless cards more than trebled over the last year to reach a record £2.32 billion in 2014, according to data published by The UK Cards Association.

Retail banking

Swatch plans payment-enabled smartwatch

06 February 2015  |  10167 views  |  0 comments | 32 tweets | 21 linkedin

Swatch is to launch an Internet-enabled smartwatch featuring mobile payment functionality in the next two to three months.

Mobile & online

Orange and Ecobank form African m-banking partnership

06 February 2015  |  5668 views  |  1 comments | 10 tweets | 12 linkedin

Orange has struck a deal with Ecobank that will enable customers in several African countries to transfer money between accounts with the telco and financial services group through their mobile phones.

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