23 July 2017
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Industry task force sets out US path to faster payments
Retail banking

Industry task force sets out US path to faster payments

21 July 2017  |  3543 views  |  0 comments | 1 tweets | 3 linkedin

A task force made up of hundreds of industry players brought together by the Federal Reserve has set out 10 recommendations to make payments in the US faster and more accessible by 2020.

Credit scoring startup Aire raises $5m; wins Zopa deal
Retail banking

Credit scoring startup Aire raises $5m; wins Zopa deal

21 July 2017  |  4071 views  |  0 comments | 3 tweets | 4 linkedin

AI-based credit scoring startup Aire has raised $5 million in a Series A funding round and won deals to work with P2P lending pioneer Zopa and the UK arm of Toyota Financial Services.

UK judge blocks £14bn class action suit against Mastercard
Cards

UK judge blocks £14bn class action suit against Mastercard

21 July 2017  |  5513 views  |  0 comments | 4 tweets | 5 linkedin

A Tribunal Court judge has blocked a £14 billion class action lawsuit against Mastercard for overcharging customers, agreeing that the claims were not suitable under the current collective actions regime.

Yet more deals announced in payments sector
Cards

Yet more deals announced in payments sector

21 July 2017  |  4980 views  |  0 comments | 6 tweets | 14 linkedin

Investors' interest in the payments sector continues to intensify with today's news that three of the largest private equity firms in the world have made bids to acquire stakes in payment providers.

Machines could take over 30% of bank jobs: McKinsey
Post-trade & ops

Machines could take over 30% of bank jobs: McKinsey

21 July 2017  |  4641 views  |  0 comments | 16 tweets | 14 linkedin

Robots, artificial intelligence and other forms of automation could take over almost a third of investment banking jobs within just a few years, according to a recent report from consultant McKinsey.

PayPal strikes deals with Chase and Citi
Cards

PayPal strikes deals with Chase and Citi

21 July 2017  |  6345 views  |  0 comments | 9 tweets | 5 linkedin

PayPal has strengthened its ties to two of America's biggest banks, forming a comprehensive partnership with JPMorgan Chase and a rewards-focussed deal with Citi.

The Nottingham Building Society expands branch network
Retail banking

The Nottingham Building Society expands branch network

21 July 2017  |  3637 views  |  0 comments | 1 linkedin

The Nottingham Building Society is bucking one of banking's biggest trends, expanding its physical footprint by opening seven new branches in British market towns.

Diners can now pay for their TGI Friday's order through Amazon
Mobile & online

Diners can now pay for their TGI Friday's order through Amazon

20 July 2017  |  5918 views  |  0 comments | 10 tweets | 8 linkedin

Amazon is further extending its reach into the high street through a new feature that lets customers use its app to pay for in-store and order-ahead purchases.

Wells Fargo Control Tower to map customer's digital footprints
Payments

Wells Fargo Control Tower to map customer's digital footprints

20 July 2017  |  5895 views  |  0 comments | 7 tweets | 3 linkedin

Wells Fargo is to provide customers with a single view of all payments transactions - from PFM tools, to recurring payments and subscriptions - through a new feature, dubbed 'Control Tower'.

Acting OCC head Noreika stirs fintech charter debate
Wholesale banking

Acting OCC head Noreika stirs fintech charter debate

20 July 2017  |  4611 views  |  0 comments | 5 tweets | 2 linkedin

The new head of the US Office of the Comptroller of the Currency (OCC) has come out fighting in defence of his predecessor's plans to grant special-purpose bank charters to fintech firms, defying pending litigation from state regulators.

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