23 January 2017
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SocGen builds startup database
Blockchain

SocGen builds startup database

20 January 2017  | 0 comments | 8 tweets | 4 linkedin

French bank Societe Generale is setting up an internal platform, dubbed Startup Radar, where staffers can access information about experimental projects and recommend interesting fintech firms.

Financial services firms rushing to adopt blockchain need to make sure that they address the security challenges associated with the technology, the European Union Agency for Network and Information Security (Enisa) has warned.

Dwolla raises $6.9m
Payments

Dwolla raises $6.9m

20 January 2017  | 0 comments | 5 tweets | 1 linkedin

Digital payments outfit Dwolla has raised $6.9 million in a funding round led by Union Square Ventures and Foundry Group.

Ant Financial, the payments unit of Chinese Web giant Alibaba, is looking into the use of blockchain technology as it sets its sights on boosting its user numbers to two billion people within the next decade.

EZ-Link blends payments with fitness trackers
Mobile & online

EZ-Link blends payments with fitness trackers

20 January 2017  | 0 comments | 2 tweets | 3 linkedin

Singaporean transit and payment card issuer EZ-Link has launched a new line of wearables embedding payment functionality into fitness and health trackers from Watchdata and Garmin.

POSB virtual agent chats with customers on Facebook
Retail banking

POSB virtual agent chats with customers on Facebook

20 January 2017  | 0 comments | 2 tweets | 6 linkedin

DBS Bank subsidiary POSB is using technology from Kasisto, the firm behind Apple's Siri AI, to enable natural language conversations with customers through Facebook Messenger.

Features and analysis

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Australian fintech accelerator H2 Ventures has secured a $4 million warchest from Investec to invest in up to 40 startups, underwritten by a Government-backed guarantee of $2 million

Number of US data breaches jumps 40% in 2016
Security

Number of US data breaches jumps 40% in 2016

20 January 2017  | 0 comments | 2 tweets | 14 linkedin

The number of US data breaches tracked in 2016 hit an all-time record high of 1093, up 40% on the previous year, according to a new report from the Identity Theft Resource Center (ITRC) and CyberScout.

TD Bank to sponsor MIT's first fintech hackathon
Retail banking

TD Bank to sponsor MIT's first fintech hackathon

20 January 2017  | 1 comments | 7 tweets | 5 linkedin

MIT has recruited TD Bank and Prudential to sponsor its first-ever fintech hackathon.

Western Union to pay $586m to settle AML charges
Retail banking

Western Union to pay $586m to settle AML charges

19 January 2017  | 1 comments | 7 tweets | 20 linkedin

Western Union has agreed to pay $586 million to settle US criminal and civil charges that it wilfully failed to maintain an effective anti-money laundering programme and aided and abetted wire fraud.

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