HSBC has enlisted fintech startup Bud for the latest stage of its foray into open banking, trialling an app that lets people see account information from all of their providers, as well as get money management tips and product suggestions - including from third parties.
Fundchain, a collaborative initiative of the Luxembourg fund industry, is to advance its exploration into potential applications for distributed ledger technology and define ready-to-use products that could be implemented in the short-term.
The billion dollar question at today's Sibos Future of Money session: Who is going to be able to successfully extract the gold from the data mine and become the Amazon of the financial services world?
Commonwealth Bank of Australia has struck a deal with New Zealand's Vend to add inventory management, analytics and customer loyalty tools to its suite of proprietary Albert POS tablets.
JPMorgan Chase is to buy Silicon Valley-based WePay to help its small business clients marry software with payments.
As PSD2 looms into view, open banking and APIs have been central to discussions at this year’s Sibos, with banks grappling with the threats and opportunities presented by the opening up of data.
Research undertaken by McKinsey estimates that broader, global adoption of Legal Entity Identifiers (LEIs) could yield annual savings of over $150m within the investment banking industry and up to $500m for banks in the issuance of letters of credit.
PayPal has announced that Venmo users will be able to use the popular mobile app at more than two million US high street retailers.