27 May 2017
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Cecabank sets up Spanish blockchain consortium
Retail banking

Cecabank sets up Spanish blockchain consortium

26 May 2017  |  2997 views  |  0 comments | 4 tweets | 2 linkedin

A new Spanish blockchain consortium spearheaded by Cecabank and professional services firm Grant Thornton is building tools designed to combat money laundering and boost KYC efforts.

Bank of America preps data sharing service
Payments

Bank of America preps data sharing service

26 May 2017  |  4301 views  |  0 comments | 13 tweets | 10 linkedin

Bank of America says it is working with multiple financial data aggregators to provide customers with the ability to connect data from their accounts to third-party financial management applications.

Emirates NBD opens online shopping mall
Retail banking

Emirates NBD opens online shopping mall

26 May 2017  |  3155 views  |  0 comments | 4 tweets | 5 linkedin

If e-commerce conglomerates like Alibaba can move into banking, what's to stop banks moving into e-commerce? That's the thinking behind SkyShopper, a new online mall launched by Emirates NBD which aims to tap into the UAE's booming internet shopping market.

Regtech rises up the agenda in Australia
Risk & regulation

Regtech rises up the agenda in Australia

26 May 2017  |  2754 views  |  0 comments | 4 tweets | 2 linkedin

Two Australian fintech associations have welcomed a commitment by the country's securities regulator to step up research and investment in technologies that could help ease the compliance burden for new companies entering financial services.

Bank of Canada says DLT not ready for interbank payment system
Blockchain

Bank of Canada says DLT not ready for interbank payment system

25 May 2017  |  5756 views  |  1 comments | 24 tweets | 23 linkedin

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

25 May 2017  |  5536 views  |  1 comments | 11 tweets | 12 linkedin

Worldpay is experimenting with the use of virtual reality to provide genuine card transactions for users immersed in a computer-generated environment.

Debit cards set to overtake cash in the UK three years ahead of schedule
Cards

Debit cards set to overtake cash in the UK three years ahead of schedule

25 May 2017  |  5568 views  |  3 comments | 25 tweets | 27 linkedin

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
Payments

Digital payments to drive social justice

25 May 2017  |  5862 views  |  1 comments | 24 tweets | 12 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  |  3300 views  |  0 comments | 3 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.

Dubai encourages fintech with temporary financial services licence
Retail banking

Dubai encourages fintech with temporary financial services licence

24 May 2017  |  5688 views  |  0 comments | 17 tweets | 14 linkedin

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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