24 November 2017
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BofE had no business case for £3000 Snapchat filter
Retail banking

BofE had no business case for £3000 Snapchat filter

6 hours ago  |  1293 views  |  0 comments | 1 tweets | 2 linkedin

Was £3000 on a SnapChat geofilter to promote the new £10 note money well spent by the Bank of England? We'll never know because the bank did not put together a business case prior to the campaign or carry out any evaluation once it was completed.

MayBank eases mobile log-ins with a choice of face, voice or fingeprint ID
Mobile & online

MayBank eases mobile log-ins with a choice of face, voice or fingeprint ID

11 hours ago  |  2196 views  |  0 comments | 1 tweets | 1 linkedin

Malaysia's MayBank is betting big on biometrics to replace password logins, adding facial and voice recognition to its fingerprint-protected mobile app.

WeChat Pay comes to Hong Kong's transit network
Retail banking

WeChat Pay comes to Hong Kong's transit network

20 hours ago  |  2626 views  |  0 comments | 5 tweets | 6 linkedin

Hong Kong's Octopus contactless transit payments system is facing competition from the mainland, as WeChat begins trialling its mobile wallets on the island's railway network.

Starling integrates with loyalty point startup Yoyo
Mobile & online

Starling integrates with loyalty point startup Yoyo

23 November 2017  |  3930 views  |  0 comments | 11 tweets | 9 linkedin

Starling Bank is continuing its mission to provide a platform for fintech apps, striking a deal with Yoyo Wallet to enable cardholders to automatically receive retailer loyalty points at participating high street stores.

Boston transit network to go contactless
Payments

Boston transit network to go contactless

23 November 2017  |  2330 views  |  0 comments | 3 tweets | 3 linkedin

Boston's transport network is climbing aboard the contactless payment wagon, inking a $723 million multi-year contract with Cubic-John Laing for the design, integration, and implementation of a new Automated Fare Collection system.

Demand for cash shows no sign of diminishing
Retail banking

Demand for cash shows no sign of diminishing

23 November 2017  |  4346 views  |  4 comments | 21 tweets | 25 linkedin

Despite the explosion of technology in the payments sector, demand for notes and coins continues to match or outpace GDP in all major economies bar Noway and Sweden, according to a report produced by the San Francisco Federal Reserve.

Axis Bank uses Ripple to open new payment corridors between the UAE and Singapore
Wholesale banking

Axis Bank uses Ripple to open new payment corridors between the UAE and Singapore

22 November 2017  |  7854 views  |  0 comments | 8 tweets | 22 linkedin

Standard Chartered, Axis Bank and Rakbank have begun to use RippleNet to send live cross-border payments on behalf of corporate clients and migrant workers.

UK Open Banking expanded to cover all PSD2 products
Risk & regulation

UK Open Banking expanded to cover all PSD2 products

22 November 2017  |  7492 views  |  3 comments | 21 tweets | 47 linkedin

The UK's Open Banking project is being expanded to embrace all payment account types - including credit cards, prepaid cards and e-wallets - covered by PSD2.

FCA slaps trader who outfoxed algos with £60k fine
Wholesale banking

FCA slaps trader who outfoxed algos with £60k fine

22 November 2017  |  2836 views  |  0 comments | 2 tweets | 8 linkedin

A former Bank of America Merrill Lynch trader has been fined £60,090 by the Financial Conduct Authority (FCA) for tricking algorithms into buying loans.

Robots outpacing back end number crunchers at OCBC
Wholesale banking

Robots outpacing back end number crunchers at OCBC

22 November 2017  |  4301 views  |  0 comments | 9 tweets | 17 linkedin

OCBC Bank is reporting astonishing productivity gains following the introduction of robotic process automation to handle number crunching tasks in its secured lending and sales reporting units.

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