Despite the impetus provided by demonetisation, Indian banks remain way behind the curve in tempting customers away from the bank branch to digital channels.
RBC Global Asset Management is to invest $20 million to establish an in-house innovation lab, snapping up Toronto-based digital advisory firm Wiser Investments as part of the package.
Agreed terms for a £70 million acquisition of Monitise by Fiserv reveal the scale of the challenges facing the once hotly-tipped UK mobile banking firm, which had failed to find a single buyer for its 'next-generation' FINkit software package.
UK Finance, a new mega-trade body representing over 300 firms in the UK, opens for business today, taking on the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and The UK Cards Association.
Enterprise Ireland has created a EUR500,000 fintech development and support fund in a bid to attract up to ten startups from across the world to set up shop in the country.
Los Angeles is looking to jump aboard the multi-billion dollar fintech train through its first professional financial technology conference.
The European Payments Council is to issue a Request for Information (RFI) to identify parties interested in becoming a provider of a Standardised Proxy Lookup (SPL) service for pan-European interoperability of person-to-person mobile payments.
SBI Remit and Siam Commercial Bank (SCB) have introduced the first commercially-available remittance service powered by Ripple, using the system to send money in JPY to a recipient’s SCB savings account in Thailand and receive funds in seconds.
Danske Bank has released a parent-controlled pocket money app and card for 8-12 year olds.