12 February 2016

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BBVA is shaking up the way it invests in fintech startups, closing its $100 million in-house fund and pumping $250 million into a new independently managed outfit called Propel Venture Partners.

The hordes of very tall men descending on Toronto this weekend for the NBA All Star game won't need to crouch down to access their equally large bank accounts thanks to a newly installed 10 foot tall Bank of Montreal ATM.

A strong line-up of challenger banks, established banks and government and regulatory officials will take to the podium at Finextra's forthcoming NextGen banking event at London’s Level39 in Canary Wharf to debate the disruptive forces reshaping the banking sector.

Is Paym a failure?
Retail banking

Is Paym a failure?

11 February 2016  | 13 comments | 18 tweets | 13 linkedin

This week UK mobile P2P payment platform Paym published its latest figures on user uptake and transaction volumes. Hakim Mendjeli, former head of mobile product and strategy 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

11 February 2016  | 1 comments | 11 tweets | 9 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.

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Absa alert warns customers of future spending shortfalls
Retail banking

Absa alert warns customers of future spending shortfalls

10 February 2016  | 0 comments | 7 tweets | 12 linkedin

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

10 February 2016  | 1 comments | 19 tweets | 24 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.

ANZ launches mobile payments service for Android smartphones
Cards

ANZ launches mobile payments service for Android smartphones

10 February 2016  | 0 comments | 9 tweets | 6 linkedin

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.

Latest company announcements

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