26 August 2016
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India's Unified Payments Interface goes live with 21 banks
Mobile & online

India's Unified Payments Interface goes live with 21 banks

2 hours ago  |  1045 views  |  0 comments

India's Unified Payments Interface (UPI) is going live for customers of 21 banks, paving the way for a P2P payments revolution in the country.

Mondo becomes Monzo
Retail banking

Mondo becomes Monzo

7 hours ago  |  2231 views  |  0 comments | 6 tweets | 1 linkedin

After sifting through thousands of submissions from the public and rejecting such tempting options as Banky McBankface and Mayonnaise, British app-only challenger bank Mondo has unveiled its new name: Monzo

Global Fintech Hubs Federation launches
Wholesale banking

Global Fintech Hubs Federation launches

12 hours ago  |  2003 views  |  0 comments | 8 tweets | 2 linkedin

Innotribe, Swift's innovation arm, and London-based Innovate Finance have signed up more than 20 countries to a new Global Fintech Hubs Federation (GFHF) that will work to bring together the international community of financial technology players.

US banks rebrand P2P payments service to take on Venmo
Retail banking

US banks rebrand P2P payments service to take on Venmo

13 hours ago  |  2350 views  |  1 comments | 5 tweets | 8 linkedin

America's banks are stepping up their assault on Venmo by rebranding their clearXchange person-to-person payments service to the more consumer-friendly Zelle.

Financial market infrastructures piling into blockchain - WFE
Wholesale banking

Financial market infrastructures piling into blockchain - WFE

14 hours ago  |  2110 views  |  0 comments | 4 tweets | 8 linkedin

More than 84% of trading venues and clearing counterparties surveyed by the World Federation of Exchanges (WFE) are either investigating or actively pursuing the applicability of distributed ledger technologies in financial markets.

Singapore proposes new regulatory framework to handle payments innovation
Retail banking

Singapore proposes new regulatory framework to handle payments innovation

14 hours ago  |  2832 views  |  0 comments | 6 tweets | 4 linkedin

Singapore's central bank is to streamline its regulatory framework to accommodate new innovations in payments systems and establish a National Payments Council to promote interoperability and common standards among competing services.

Westpac launches Databank for corporate data exchange
Wholesale banking

Westpac launches Databank for corporate data exchange

15 hours ago  |  2006 views  |  0 comments | 1 tweets | 4 linkedin

Westpac is leveraging its investment in data sharing startup Data Republic with the launch of a service that enables corporate clients to store and exchange anonymised data with a view to gaining deeper insights into customer behaviour.

US Bank joins robo investment movement with FutureAdvisor
Wholesale banking

US Bank joins robo investment movement with FutureAdvisor

16 hours ago  |  2197 views  |  0 comments | 2 tweets | 3 linkedin

US Bank is the latest large financial institution to team up with an automated investment platform to provide online financial advice to wealth management clients, forming an alliance with BlackRock-owned FutureAdvisor.

China drives soaring Asia Pacific fintech financing
Retail banking

China drives soaring Asia Pacific fintech financing

17 hours ago  |  2040 views  |  0 comments | 1 tweets | 5 linkedin

Fintech funding in Asia Pacific is on a tear, reaching $9.6 billion for the first six months of the year, more than twice the $4.26 billion invested in the region in all of 2015, according to Accenture.

POSB branch banking goes round-the-clock with new Video Teller Machine
Payments

POSB branch banking goes round-the-clock with new Video Teller Machine

25 August 2016  |  2762 views  |  0 comments | 3 tweets | 15 linkedin

Singapore's POSB has begun pilot trials of a new breed of ATMs capable of conducting biometric ID scanning, video teller services and dispensing lost cards and Internet banking tokens.

Handbag locks impulse spenders out of their wallets
Start ups

Handbag locks impulse spenders out of their wallets

25 August 2016  |  3547 views  |  2 comments | 10 tweets | 6 linkedin

Shopaholics can breathe easy, help is at hand. A new handbag is promising to stop impulse buying by locking, flashing and vibrating when users reach for their wallets.

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