31 August 2016
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That was the year that was

23 December 2015  |  20885 views  |  3 Canary Wharf Clock

As Finextra pulls the shutters down on 2015, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 4 January 2016.

Top news stories of 2015

January

Mobile payments reach tipping point - Deloitte

The use of mobile phones for making in-store payments is set to grow by 1000% during 2015, marking a mass-market tipping point for NFC-enabled transactions, forecasts Deloitte.

February

Half of the world's banks set to fall by the digital wayside - BBVA

Up to half of the world's banks will disappear through the cracks opened up by digital disruption of the industry, forecasts BBVA chairman and CEO Francisco Gonzalez.

March

In the future, BBVA will be  a software company - Francisco Gonzalez

Fresh from his forecasts last month that half of the world's banks would get left behind by the digital revolution in financial services, BBVA chairman Francisco González has mapped out a new future for his organisation, not as a bank, but as a software company.

April

UBS to investigate blockchain technology in new London innovation lab

The Swiss bank is planning to open an innovation lab in Level39's high growth space, HighGrowth:42, to explore the role of blockchain technology in financial services.

May

Banks rethinking business models as PSD2 looms - Finextra Research

Europe's banks are engaged in a do-or-die effort to prepare for the 2016 introduction of new payments regulations that are expected to usher in a wave of fresh competition and innovation across the sector, according to research conducted by Finextra.

June

Canadian senate committee urges 'light touch' bitcoin regulation

Canada should employ a "light regulatory touch" when dealing with digital currencies and the blockchain, according to a report from a powerful standing senate committee.

July

ING Bank introduces voice-activated mobile payments

ING Bank in the Netherlands is introducing voice-activated payments through its mobile app, enabling customers to authorise transactions by conversing with a virtual assistant on their phone.

August

Blockchain poised to become banks' biggest disruptor yet - BBVA economists

With dozens of the world's biggest banks already investing heavily in the blockchain, it is just a matter of time before the technology creates far-reaching disruption in the financial services industry, says a new report from BBVA Compass economists.

September

Nine banks plans blockchain collaboration plan

Nine of the world's largest banks are backing an initiative to create a set of global standards for the use of distributed ledger technology in financial markets.

October

European Parliament rubberstamps Payment Services Directive

The European Parliament has formally adopted the revised Directive on Payment Services (PSD2), a set of sweeping new rules proposed by the European Commission to boost competition and innovation while improving consumer protections.

November

Visa explores use of blockchain tech for remittances

Visa Europe's innovation hub is teaming up with distributed ledger specialist Epiphyte on a proof of concept project looking into how the blockchain and bitcoin can be used for international remittances.

December

Forget the hype: Bank customers unimpressed by disruptive tech

The much hyped ‘digital disruption’ in the UK banking sector appears to be a non-event for the majority of consumers, who remain steadfastly unimpressed by noisy new entrants and new-fangled tech.

Most commented

Bank branches will save banks from digital challengers - Botin

UK iPhone users unsure on Apple Pay

Forget the hype: Bank customers unimpressed by disruptive tech

Moven and Accenture team up to sell digital tools to banks

EU Parliament agrees EU interchange fee caps

Most shared

Half of the world's banks set to fall by the digital wayside - BBVA

Banks and startups must collaborate for 'Fintech 2.0' revolution

Nine banks back blockchain collaboration plan

In the future, BBVA will be a software company - Francisco Gonzalez

More global banks back blockchain collaboration initiative

Videos

Innovation in wealth management

ATM resilience in the age of social media

Swift Nordics regional conference

A new future for fintech

Addressing startup competition

Blogs

Digital marketing 2.0 - rise of the predictive analytics

Apple Pay: Lessons for Cupertino

Digital banking tips - Tip 23: Digital marketing

Mobile payment fraud: Emerging ground for cyber criminals

Digital banking tips - Tip 7: Mobuile security - What happens if mobile banking user's phone is hacked?

Comments: (3)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 23 December, 2015, 12:55

Seem like "blockchain" was the major theme in 2015. Is it because contactless payments are boring and "here now" (i.e. no salivation-anticipation)?..

If you re-read those posts carefully, "blockchain" - at best - would be just a better "protocol" used in a closed controlled environment by big players. The rails may change, but the rest of status quo won't. You may recall the (mild) excitement about TCP/IP - who is talking about it now? 

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Paul Love
Paul Love - Compass Plus - Nottingham | 24 December, 2015, 11:10

Agreed that contactless payments are now mainstream (even if it is just for those lucky cardholders issued with the right cards), and NFC/HCE is probably now in a similar roll out phase.

Will 2016 be the year of true (i.e. non-NFC/HCE) mobile payments?

As for Blockchain, is it a new tool in the box or a new type of deckchair on the Titanic? – are the big players too big to sink?

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A Finextra member
A Finextra member | 03 January, 2016, 12:13

This excellent piece prompted me to reflect on what stood out for me - Yes banks did pause to rethink and blockchain was a branch to hold on to, but there was so much to celebrate, as I've tried to share in Payments - Looking back, looking forwards.

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