27 July 2016
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Four Australian banks are joining forces to negotiate with Apple and be allowed to offer their own payment services on tech giant's hardware.

German firms FinTech Group and Rocket Internet are teaming up to build a pan-European digital bank.

A 98% fall in second quarter earnings has led Deutsche Bank to warn investors that it may need to cut more costs

South Africa sets standard for fingerprint banking
Security

South Africa sets standard for fingerprint banking

4 hours ago  | 0 comments | 12 tweets | 9 linkedin

South Africa's payments body has released a standard to enable biometrics to be used on payment cards and to herald what it hopes will be an industry-wide roll-out of fingerprint banking.

Indian digital payments market to hit $500bn by 2020 - Google
Cards

Indian digital payments market to hit $500bn by 2020 - Google

16 hours ago  | 0 comments | 10 tweets | 10 linkedin

India is set for a digital payments revolution, with the value of transactions set to hit US$500 billion by 2020, ten times its current level, according to research from Google and the Boston Consulting Group (BCG).

Florida judge rules Bitcoin is not money
Retail banking

Florida judge rules Bitcoin is not money

26 July 2016  | 0 comments | 13 tweets | 10 linkedin

A US judge has ruled that bitcoin is not money, dismissing money-laundering charges against a man accused of selling the virtual currency to undercover detectives.

Features and analysis

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EC offers cash for fintech study
Risk & regulation

EC offers cash for fintech study

26 July 2016  | 0 comments | 15 tweets | 4 linkedin

The European Commission has issued a call for tender, offering up to EUR350,000 for a study on the continent's fintech sector.

In a further post-Brexit boost to the UK's fintech sector, a New York-based blockchain consortium is to open a London office.

Singapore's Land Transport Authority (LTA) is teaming up with MasterCard for a pilot that will see participants pay for their train and bus journeys by tapping their contactless credit and debit cards.

Telefonica Germany has launched a mobile banking service using white-label technology supplied by Fidor Bank.

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