26 May 2017
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Bank of America preps data sharing service
Retail banking

Bank of America preps data sharing service

2 hours ago  | 0 comments | 7 tweets | 7 linkedin

Bank of America says it is working with multiple financial data aggregators to provide customers with the ability to connect data from their accounts to third-party financial management applications.

Emirates NBD opens online shopping mall
Mobile & online

Emirates NBD opens online shopping mall

3 hours ago  | 0 comments | 3 tweets | 3 linkedin

If e-commerce conglomerates like Alibaba can move into banking, what's to stop banks moving into e-commerce? That's the thinking behind SkyShopper, a new online mall launched by Emirates NBD which aims to tap into the UAE's booming internet shopping market.

Regtech rises up the agenda in Australia
Start ups

Regtech rises up the agenda in Australia

4 hours ago  | 0 comments | 3 tweets | 1 linkedin

Two Australian fintech associations have welcomed a commitment by the country's securities regulator to step up research and investment in technologies that could help ease the compliance burden for new companies entering financial services.

Following a year-long experiment, the Bank of Canada says that distributed ledger technology is not ready to act as the backbone of a wholesale interbank payment system.

Worldpay creates VR payments prototype
Retail banking

Worldpay creates VR payments prototype

25 May 2017  | 1 comments | 11 tweets | 11 linkedin

Worldpay is experimenting with the use of virtual reality to provide genuine card transactions for users immersed in a computer-generated environment.

The soaring popularity of contactless cards is changing the dynamics of the UK payments industry with new forecasts predicting that paying by plastic debit will overtake cash in 2018, three years earlier than expected.

Features and analysis

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Digital payments to drive social justice
Start ups

Digital payments to drive social justice

25 May 2017  | 1 comments | 24 tweets | 10 linkedin

The power of digital payments to drive financial inclusion and social justice emerged as a key theme on the first day of the Payments Canada Summit in Toronto.

FIS flogs majority stake in Capco
Wholesale banking

FIS flogs majority stake in Capco

24 May 2017  | 0 comments | 2 tweets | 2 linkedin

FIS is to sell a 60% stake in its global consultancy unit Capco to private equity firm Clayton, Dubilier & Rice (CD&R) for $477 million, retaining a minority 40% interest in the business.

The Dubai Financial Services Authority is to allow fintech firms to apply for a restricted six-to-12-month financial services license in order to test out innovative new products and services on the ground.

Alipay, the mobile payments app from China's Alibaba, is taking its first step to offering non-yuan payment options with the release of a version denominated in Hong Kong dollars.

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