24 May 2017
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Latest News

MAS joins forces with World Bank's IFC to push Asian fintech innovation

The Monetary Authority of Singapore (MAS) has teamed up with World Bank Group member IFC to encourage fintech innovation in Asia through the establishment of an Asean Financial Innovation Network (Afin).

ING Robot goes on tour to teach kids about money
Retail banking

ING Robot goes on tour to teach kids about money

5 hours ago  |  838 views  |  0 comments

ING is taking a humanoid robot on a tour of its Dutch branches to teach kids how to manage their money.

UK digital challenger CivilisedBank gets licence
Retail banking

UK digital challenger CivilisedBank gets licence

13 hours ago  |  2050 views  |  0 comments | 6 tweets | 9 linkedin

Branchless CivilisedBank has received a licence from the Bank of England ahead of a planned launch early next year.

R3 raises $107m
Wholesale banking

R3 raises $107m

14 hours ago  |  3046 views  |  0 comments | 9 tweets | 11 linkedin

In the largest funding round in the history of distributed ledger technology, the R3 consortium has raised $107 million from around half of its members as well as Intel and Temasek Holdings.

Red-faced Carney joshes with e-mail prankster
Wholesale banking

Red-faced Carney joshes with e-mail prankster

14 hours ago  |  2366 views  |  0 comments | 2 linkedin

Bank of England governor Mark Carney is the latest top banker to have fallen victim to an e-mail prankster, joking with the culprit about the drinking habits of former governor Eddie George.

Newswire hacker convicted over role in $30 million insider trading scheme
Security

Newswire hacker convicted over role in $30 million insider trading scheme

18 hours ago  |  2132 views  |  0 comments | 3 tweets | 4 linkedin

A Ukrainian hacker has pleaded guilty to his part in an international scheme to hack into three business newswires, steal yet-to-be published press releases and make trades that allegedly generated approximately $30 million in illegal profits.

TransferWise launches multi-currency business bank accounts
Wholesale banking

TransferWise launches multi-currency business bank accounts

19 hours ago  |  3751 views  |  0 comments | 9 tweets | 15 linkedin

TransferWise is moving further into traditional banking territory, setting up a 'borderless' bank account for businesses that need a multi-currency account for trading in overseas markets.

Euronext moves into $5.1 trillion daily FX market with acquisition of FastMatch

Euronext is to acquire a 90% stake in spot FX trading network FastMatch for an initial cash consideration of $153 million.

Bank/fintech collaboration can take transaction banking to new heights
Start ups

Bank/fintech collaboration can take transaction banking to new heights

23 May 2017  |  4918 views  |  0 comments | 8 tweets | 20 linkedin

With banks and emerging technology companies bringing a raft of new innovations and business models to the industry, Claudio Camozzo and Jan Kupfer, global co-heads of Global Transaction Banking at UniCredit, argue that bank-fintech collaboration alongside a customer-focused approach is essential to seize – and maximise – the opportunities at hand.

Financial Stability Board weighs in on fintech credit markets
Wholesale banking

Financial Stability Board weighs in on fintech credit markets

23 May 2017  |  3066 views  |  0 comments | 2 tweets | 8 linkedin

Global regulatory bodies are calling for increased scrutiny of credit offerings from fintech-based alternatives to traditional banks.

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