11 February 2016

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Deutsche Bank has become the latest financial services giant to call on its industry to hug the hoard of upstart fintech rivals close, concluding that co-operation, not competition, is the wisest approach in the business-to-business payments arena.

Is Paym a failure?

Is Paym a failure?

9 hours ago  | 0 comments | 2 tweets

This week UK mobile P2P payment platform Paym published its latest figures on user uptake and transaction volumes. Hakim Mendjeli, a former mobile project lead at Lloyds Banking Group, sifts through the data.

A senior Indian central banker says that the industry should investigate the introduction of account number portability, making it easier for customers to switch providers.

RBS prepares to open executive wing to startups
Start ups

RBS prepares to open executive wing to startups

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

Royal Bank of Scotland is preparing to welcome 100 entrepreneurs and ten startup support organisations to the executive wing of its Scottish HQ following a year-long refit of the former symbol of big bank excess.

South Africa's Absa Bank is piloting a new predictive spending alert that warns customers if they are about to go into the red and offers customised options to help them better manage their finances.

European Commission confirms MiFID II delay
Wholesale banking

European Commission confirms MiFID II delay

21 hours ago  | 0 comments | 17 tweets | 20 linkedin

The European Commission has confirmed a one-year delay to the introduction of new trading rules for capital markets firms under the MiFID II regime.

Features and analysis

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ANZ has followed in the footsteps of compatriot NAB with the launch of a new mobile payment service for Android smartphones, ANZ Mobile Pay, as the country's biggest banks continue their boycott of iOS rival Apple Pay.

Rich Ricci, formerly CEO of Barclays Corporate and Investment Banking, is the latest in a growing list of financial services grandees to lend their business heft to a disruptive technology startup, joining currency exchange freemarketFX as chairman.

WorldRemit raises $45 million
Start ups

WorldRemit raises $45 million

23 hours ago  | 0 comments | 5 tweets | 5 linkedin

UK money transfer service WorldRemit has raised $45m in financing from TriplePoint Venture Growth BDC Corp. and Silicon Valley Bank, taking its total funding to nearly $200m.

NAB rolls out origination platform
Retail banking

NAB rolls out origination platform

10 February 2016  | 0 comments | 4 tweets | 5 linkedin

In what it calls the biggest technology overhaul in its 123 year history, National Australia Bank (NAB) will this month begin rolling out a new origination platform for personal banking customers.

Latest company announcements

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