29 July 2016
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The founder of an Australian robo-advisor has accused the country's banks of hypocrisy over their cries of anti-competitive behaviour from Apple Pay

Alibaba and AXA form insurance pact
Retail banking

Alibaba and AXA form insurance pact

6 hours ago  | 0 comments | 2 linkedin

AXA has formed an alliance with Alibaba that will see the French insurance firm develop products and services for the Chinese e-commerce behemoth's customers.

MasterCard and PayPal hold talks about alliance - FT
Payments

MasterCard and PayPal hold talks about alliance - FT

8 hours ago  | 0 comments | 14 tweets | 9 linkedin

MasterCard and PayPal have engaged in a "constructive dialogue" about a possible strategic alliance, according to a report in the Financial Times.

A former Citi employee who knocked out 90% of the bank's networks across North America after a meeting with his supervisor about his work performance, has been sentenced to nearly two years in prison.

Groupe BPCE agrees to buy Fidor
Retail banking

Groupe BPCE agrees to buy Fidor

28 July 2016  | 1 comments | 31 tweets | 48 linkedin

German digital challenger bank Fidor is being bought by France's Groupe BPCE. Fidor will continue to operate as an independent business following the acquisition, terms of which have not been disclosed.

Call for standards to aid fintech growth
Retail banking

Call for standards to aid fintech growth

28 July 2016  | 0 comments | 9 tweets | 3 linkedin

Standards have the potential to strengthen and speed up fintech development in the UK, according to a paper recently published by BSI.

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Singapore's DBS Bank has signed up with Amazon Web Services (AWS) as it prepares to shift up to half its compute workload to the cloud over the next two years.

Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) is set to embark on a second management reorganisation within 14 months in anticipation of a further push of its digital banking plans, according to Bloomberg.

UK payments regulator calls for structural reform
Payments

UK payments regulator calls for structural reform

28 July 2016  | 0 comments | 16 tweets | 35 linkedin

The Payment Systems Regulator (PSR) has called for an overhaul of the UK's payments infrastructure to generate more competition and meet consumers' needs.

Lloyds Banking Group is accelerating its cost-cutting drive by announcing more job cuts and branch closures despite doubling its profit in the first half of 2016.

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