29 August 2016
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India's Unified Payments Interface goes live with 21 banks
Payments

India's Unified Payments Interface goes live with 21 banks

26 August 2016  | 0 comments | 20 tweets | 22 linkedin

India's Unified Payments Interface (UPI) is going live for customers of 21 banks, paving the way for a P2P payments revolution in the country.

Canada's RBC has rolled out a language app that lets customers visiting branches talk to qualified interpreters over a video link.

Russian MP's son convicted of card hacking
Retail banking

Russian MP's son convicted of card hacking

26 August 2016  | 0 comments | 1 tweets | 7 linkedin

The son of a Russian lawmaker has been convicted in a US court of the theft and sale of millions of credit card numbers.

Chase goes the extra mile in auto financing
Mobile & online

Chase goes the extra mile in auto financing

26 August 2016  | 3 comments | 4 tweets | 5 linkedin

Chase is going the extra mile in its auto-financing business, providing an online platform where users can specify and shop for new and used cars and secure a loan through their smartphone or computer.

Mondo becomes Monzo
Retail banking

Mondo becomes Monzo

25 August 2016  | 2 comments | 14 tweets | 8 linkedin

After sifting through thousands of submissions from the public and rejecting such tempting options as Banky McBankface and Mayonnaise, British app-only challenger bank Mondo has unveiled its new name: Monzo

Global Fintech Hubs Federation launches
Retail banking

Global Fintech Hubs Federation launches

25 August 2016  | 0 comments | 19 tweets | 5 linkedin

Innotribe, Swift's innovation arm, and London-based Innovate Finance have signed up more than 20 countries to a new Global Fintech Hubs Federation (GFHF) that will work to bring together the international community of financial technology players.

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US banks rebrand P2P payments service to take on Venmo
Payments

US banks rebrand P2P payments service to take on Venmo

25 August 2016  | 1 comments | 8 tweets | 13 linkedin

America's banks are stepping up their assault on Venmo by rebranding their clearXchange person-to-person payments service to the more consumer-friendly Zelle.

More than 84% of trading venues and clearing counterparties surveyed by the World Federation of Exchanges (WFE) are either investigating or actively pursuing the applicability of distributed ledger technologies in financial markets.

Singapore's central bank is to streamline its regulatory framework to accommodate new innovations in payments systems and establish a National Payments Council to promote interoperability and common standards among competing services.

Westpac is leveraging its investment in data sharing startup Data Republic with the launch of a service that enables corporate clients to store and exchange anonymised data with a view to gaining deeper insights into customer behaviour.

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