22 July 2017
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Indian banks failing to grasp the opportunities from demonetisation
Mobile & online

Indian banks failing to grasp the opportunities from demonetisation

03 July 2017  |  5005 views  |  1 comments | 14 tweets | 9 linkedin

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 Assetment Management pumps $20 million into innovation lab
Wholesale banking

RBC Global Assetment Management pumps $20 million into innovation lab

03 July 2017  |  6004 views  |  0 comments | 7 tweets | 8 linkedin

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.

Monitise failings exposed as Fiserv lays down terms
Retail banking

Monitise failings exposed as Fiserv lays down terms

03 July 2017  |  5280 views  |  1 comments | 3 tweets | 5 linkedin

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 opens for business
Retail banking

UK Finance opens for business

03 July 2017  |  7141 views  |  0 comments | 11 tweets | 15 linkedin

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 bids to woo startups with EUR500,000 fintech fund
Wholesale banking

Enterprise Ireland bids to woo startups with EUR500,000 fintech fund

30 June 2017  |  10135 views  |  0 comments | 13 tweets | 8 linkedin

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.

LA joins fintech fray through digital money conference
Blockchain

LA joins fintech fray through digital money conference

30 June 2017  |  6786 views  |  0 comments | 6 tweets | 2 linkedin

Los Angeles is looking to jump aboard the multi-billion dollar fintech train through its first professional financial technology conference.

EPC to issue RFI for interoperable P2P mobile payments
Mobile & online

EPC to issue RFI for interoperable P2P mobile payments

30 June 2017  |  8361 views  |  0 comments | 11 tweets | 12 linkedin

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.

EBA rejects Commission amendments on screen scraping under PSD2
Payments

EBA rejects Commission amendments on screen scraping under PSD2

30 June 2017  |  18513 views  |  16 comments | 45 tweets | 62 linkedin

The latest twist in the ongoing row between banks and fintech companies over the future of customer data sharing under the revised Payment Services Directive (PSD2) comes courtesy of the European Banking Authority, which has rejected a proposed amendment to the rules from the European Commission that would have allowed for the continuation of screen scraping.

SBI and Siam Commercial Bank open cross-border remittance rail using Ripple
Retail banking

SBI and Siam Commercial Bank open cross-border remittance rail using Ripple

30 June 2017  |  9468 views  |  0 comments | 13 tweets | 11 linkedin

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 develops pocket money app
Retail banking

Danske Bank develops pocket money app

30 June 2017  |  10436 views  |  2 comments | 13 tweets | 14 linkedin

Danske Bank has released a parent-controlled pocket money app and card for 8-12 year olds.

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