26 May 2017
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Cecabank sets up Spanish blockchain consortium
Blockchain

Cecabank sets up Spanish blockchain consortium

2 hours ago  |  807 views  |  0 comments | 1 tweets | 1 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
Mobile & online

Bank of America preps data sharing service

4 hours ago  |  1830 views  |  0 comments | 11 tweets | 8 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
Payments

Emirates NBD opens online shopping mall

5 hours ago  |  1472 views  |  0 comments | 4 tweets | 4 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

6 hours ago  |  1277 views  |  0 comments | 3 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
Wholesale banking

Bank of Canada says DLT not ready for interbank payment system

22 hours ago  |  4591 views  |  1 comments | 24 tweets | 22 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
Retail banking

Worldpay creates VR payments prototype

25 May 2017  |  4390 views  |  1 comments | 11 tweets | 11 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
Mobile & online

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

25 May 2017  |  4444 views  |  3 comments | 24 tweets | 26 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
Start ups

Digital payments to drive social justice

25 May 2017  |  4812 views  |  1 comments | 24 tweets | 10 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  |  2807 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
Start ups

Dubai encourages fintech with temporary financial services licence

24 May 2017  |  5012 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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