26 September 2017
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German central bank flags DLT weaknesses
Wholesale banking

German central bank flags DLT weaknesses

22 September 2017  |  6913 views  |  0 comments | 17 tweets | 18 linkedin

Deutsche Bundesbank has dampened the blockchain hype, dismissing distributed ledger technology's prospects in retail payments, at least in the eurozone, and pouring cold water on central bank-issued digital currencies.

Brits give thumbs up to in-store biometrics
Payments

Brits give thumbs up to in-store biometrics

22 September 2017  |  5185 views  |  0 comments | 15 tweets | 20 linkedin

Nearly two thirds of Brits want to be able to use a biometric scan to authorise payments in-store, according to a WorldPay survey.

China Construction Bank (Asia) enlists IBM for blockchain-powered bancassurance
Blockchain

China Construction Bank (Asia) enlists IBM for blockchain-powered bancassurance

21 September 2017  |  5032 views  |  0 comments | 12 tweets | 9 linkedin

IBM is working with China Construction Bank (Asia) on a blockchain-powered bancassurance project in Hong Kong.

ABN Amro online lending startup New10 opens for business
Retail banking

ABN Amro online lending startup New10 opens for business

21 September 2017  |  5302 views  |  0 comments | 8 tweets | 16 linkedin

ABN Amro is promising credit-worthy small businesses a decision on a loan application in 15 minutes through a home-grown fintech startup, dubbed New10.

SEC says hackers may have profited from 2016 breach
Wholesale banking

SEC says hackers may have profited from 2016 breach

21 September 2017  |  4213 views  |  0 comments | 3 tweets | 8 linkedin

Wall Street's top regulator says that a 2016 breach at its corporate disclosure database may have enabled hackers to profit from trading on inside information.

Nets bags instant payments deal in Slovenia
Retail banking

Nets bags instant payments deal in Slovenia

21 September 2017  |  4089 views  |  1 comments | 3 tweets | 11 linkedin

Nordic payments processor Nets has been commissioned by Slovenian clearing company Bankart to provide the foundations for a new instant payments platform for the country's banks.

Ex-Barclays chief Jenkins gets Ping An backing for fintech startup
Open APIs

Ex-Barclays chief Jenkins gets Ping An backing for fintech startup

21 September 2017  |  4015 views  |  0 comments | 11 tweets | 4 linkedin

Former Barclays chief executive Antony Jenkins has raised £34 million in a funding round led by Chinese insurer Ping An to help bring his new fintech startup to Asia, according to the Financial Times.

AXA launches blockchain to cover late flight compensation
Blockchain

AXA launches blockchain to cover late flight compensation

20 September 2017  |  11591 views  |  3 comments | 16 tweets | 30 linkedin

AXA has launched a blockchain-based insurance product that automates the payment of late flight compensation for air passengers.

European Commission makes fintech a priority in supervisory shakeup
Wholesale banking

European Commission makes fintech a priority in supervisory shakeup

20 September 2017  |  8645 views  |  0 comments | 34 tweets | 46 linkedin

The European Commission is proposing to reform financial supervision across the EU with a renewed focus on new technology developments and the promotion of the emerging fintech sector.

Brunel Uni students get a glimpse of the future with finger payments
Retail banking

Brunel Uni students get a glimpse of the future with finger payments

20 September 2017  |  5332 views  |  0 comments | 9 tweets | 12 linkedin

Students arriving for Freshers' Week at Brunel University in London UK will be able to pay for goods at campus convenience store Costcutters with a touch of their finger at a Fingopay terminal installed by biometrics outfit Sthaler.

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