26 May 2017
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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
Cards

Worldpay creates VR payments prototype

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

Digital payments to drive social justice
Start ups

Digital payments to drive social justice

25 May 2017  | 0 comments | 22 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.

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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.

New research from HSBC has found that people would rather put their faith in a robot to perform open-heart surgery than trust one to open a savings account or provide mortgage advice.

BBVA launches Open API marketplace
Payments

BBVA launches Open API marketplace

24 May 2017  | 1 comments | 47 tweets | 70 linkedin

BBVA is making eight of its APIs commercially available to companies, startups, and developers worldwide, enabling the integration of customer banking data with third party products and services.

The Monetary Authority of Singapore (MAS) has teamed up with World Bank Group member IFC to encourage fintech innovation in Asia through the establishment of an Asean Financial Innovation Network (Afin).

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