13 February 2016

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Fintech rising: Resistance is futile, says UBS CIO
Start ups

Fintech rising: Resistance is futile, says UBS CIO

04 February 2016  |  13352 views  |  3 comments | 53 tweets | 46 linkedin

Digitalisation is set to transform most aspects of the financial industry. Far from resisting it, banks should be embracing these fundamental changes, says Oliver Bussmann, group CIO at UBS.

Blockstream raises $55m
Wholesale banking

Blockstream raises $55m

03 February 2016  |  3997 views  |  0 comments | 12 tweets | 22 linkedin

Blockchain outfit Blockstream has raised $55 million in a Series A funding round led by Horizons Ventures, AXA Strategic Ventures, and Digital Garage.

Japanese bank creates MUFG Coin for distributed ledger experiment
Mobile & online

Japanese bank creates MUFG Coin for distributed ledger experiment

03 February 2016  |  3616 views  |  0 comments | 6 tweets | 5 linkedin

Bank of Tokyo-Mitsubishi UFJ (MUFG) is the latest financial services giant to confirm it is experimenting with distributed ledger technology, creating its own digital currency as it seeks to find ways to bring down the costs of transactions.

Digital transformation driving earnings at BBVA
Retail banking

Digital transformation driving earnings at BBVA

03 February 2016  |  11943 views  |  0 comments | 49 tweets | 45 linkedin

BBVA has highlighted the role played by its digital transformation strategy in pushing the bank's earnings potential, saying that 19.2% of consumer loans in Spain last year were made purely through digital channels, double the number sold in the previous year.

Mondo releases API to let customers play with their own data
Start ups

Mondo releases API to let customers play with their own data

03 February 2016  |  7807 views  |  0 comments | 26 tweets | 24 linkedin

UK challenger bank Mondo has released its first set of developer tools to early test users of its digital banking account, promising to make it easier for non-developers to create their own banking apps.

UK rail operators plan to replace paper tickets with smartphones and contactless cards
Retail banking

UK rail operators plan to replace paper tickets with smartphones and contactless cards

03 February 2016  |  3511 views  |  0 comments | 5 tweets | 4 linkedin

UK rail operators are piloting a new barcoded m-ticket delivered direct to passenger smartphones as a replacement for the familiar orange paper tickets used for travel today.

It may take ten years, but blockchain tech will totally transform capital markets
Trade execution

It may take ten years, but blockchain tech will totally transform capital markets

03 February 2016  |  8809 views  |  0 comments | 25 tweets | 20 linkedin

European clearing and settlement agency Euroclear has called on financial market participants to collaborate and embrace the long-term potential of blockchain technologies for cutting IT costs and driving down post-trade and securities servicing fees.

EU tightens money laundering controls
Retail banking

EU tightens money laundering controls

03 February 2016  |  6480 views  |  4 comments | 18 tweets | 19 linkedin

The European Commission is proposing a raft of measures - from closer monitoring of bitcoin and cash transactions to the creation of national payment account registers - as part of an action plan to strengthen the fight against terrorist financing.

Bitcoin exchange Kraken wins SBI Investments funding
Payments

Bitcoin exchange Kraken wins SBI Investments funding

03 February 2016  |  5341 views  |  0 comments | 7 tweets | 4 linkedin

Days after buying fellow bitcoin exchanges Coinsetter and Cavirtex, Kraken has scored a multi-million dollar investment from Japanese venture capital firm SBI Investment.

Goldman and IBM join Digital Asset Holdings funding round
Payments

Goldman and IBM join Digital Asset Holdings funding round

02 February 2016  |  5832 views  |  1 comments | 13 tweets | 2 linkedin

Goldman Sachs and IBM have jumped aboard Digital Asset Holdings' recent investment round, taking the blockchain startup's haul to more than $60 million.

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