13 December 2017
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Aspiration raises $47m for banking with a conscience
Retail banking

Aspiration raises $47m for banking with a conscience

8 hours ago  |  1371 views  |  0 comments

Aspiration, a fintech startup pitching itself as a "financial firm with a conscience", has raised $47 million in a Series B funding round led by Social Impact Finance.

DTCC CEO cautions on DLT hype
Blockchain

DTCC CEO cautions on DLT hype

9 hours ago  |  1354 views  |  0 comments | 1 tweets | 1 linkedin

US Depository Trust and Clearing Corporation CEO Mike Bodson has poured cold water on some of the wilder hopes of distributed ledger technology cheerleaders, arguing that while DLT might represent the future, it is far from ready for primetime.

Banks and fintech startups join forces on blockchain-based supply chain pilot

A group of banks and fintech startups are backing a pilot with Malawian tea farmers that will use blockchain technology to try to create more sustainable supply chains.

China UnionPay and banks join forces on payments app
Retail banking

China UnionPay and banks join forces on payments app

13 hours ago  |  2188 views  |  0 comments | 6 tweets | 7 linkedin

China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country's banking industry.

CBA to roll out 'tap-on-phone' contactless payments
Cards

CBA to roll out 'tap-on-phone' contactless payments

16 hours ago  |  2225 views  |  0 comments | 1 tweets | 8 linkedin

Commonwealth Bank of Australia business customers will soon be able to accept a payment by simply tapping their phone with a contactless card or mobile wallet.

SEC chief issues cryptocurrency and ICO investor warning
Risk & regulation

SEC chief issues cryptocurrency and ICO investor warning

17 hours ago  |  2107 views  |  0 comments | 3 tweets | 10 linkedin

The head of the Securities and Exchange Commission has warned Americans tempted by the current frenzy surrounding cryptocurrencies and initial coin offerings (ICOs) to beware of fraud and manipulation risks.

Atos offers EUR4.3billion to buy out Gemalto
Payments

Atos offers EUR4.3billion to buy out Gemalto

21 hours ago  |  3130 views  |  0 comments | 6 tweets | 14 linkedin

French IT service group Atos has made an unsolicited offer to acquire Gemalto for EUR4.3 with the aim of creating a European powerhouse in cybersecurity and payments services.

State Street takes stake in PensionBee
Start ups

State Street takes stake in PensionBee

22 hours ago  |  1887 views  |  0 comments | 2 tweets

The world's third largest asset manager, State Street Global Advisors (SSGA), has taken a strategic minority stake in UK fintech startup and online pension manager PensionBee.

FCA throws a spotlight on bank operational problems
Risk & regulation

FCA throws a spotlight on bank operational problems

22 hours ago  |  2841 views  |  1 comments | 7 tweets | 17 linkedin

UK banks will have to inform customers about the number of operational and security incidents they have been exposed to under new rules designed to improve competition in the retail banking market.

ING bond traders get cognitive boost with Katana
Trade execution

ING bond traders get cognitive boost with Katana

23 hours ago  |  1976 views  |  0 comments | 6 tweets | 4 linkedin

ING is rolling out an artificial intelligence (AI) tool, Katana, designed inhouse to help traders decide what price to quote when a client wants to buy or sell a bond.

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