21 July 2017
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Latest retail banking news

Mastercard and Scotiabank join Enterprise Ethereum Alliance

Mastercard and Scotiabank join Enterprise Ethereum Alliance

19 July 2017  |  6294 views  |  0 comments | 25 tweets | 15 linkedin

Mastercard, Cisco and Scotiabank have added their weight to the Enterprise Ethereum Alliance as part of a wave of 34 new members signing up for the project to promote the uptake of Ethereum as the foundation for running smart contracts in Fortune 500 enterprises.

OCBC Bank's Open Vault paves the way for startup pilots

OCBC Bank's Open Vault paves the way for startup pilots

19 July 2017  |  4464 views  |  0 comments | 1 tweets | 6 linkedin

Singapore's OCBC Bank has partnered with two graduates from its startup accelerator programme to apply artificial intelligence technology to counter money laundering.

UK Government to ban "rip off" card surcharges

UK Government to ban "rip off" card surcharges

19 July 2017  |  5714 views  |  8 comments | 16 tweets | 29 linkedin

The UK Government is to outlaw card surchages applied by retailers and e-commerce operators that penalise customers who choose to pay by debit and credit cards.

Twenty firms to compete for £5 million Open API prize

Twenty firms to compete for £5 million Open API prize

19 July 2017  |  4401 views  |  0 comments | 8 tweets | 12 linkedin

UK innovation agency Nesta has handpicked twenty organisations selected to receive a slice of a £5 million prize fund to inspire the creation of new products and services using Open Banking APIs.

Swatch brings contactless watch payments to China

Swatch brings contactless watch payments to China

18 July 2017  |  5307 views  |  0 comments | 7 tweets | 9 linkedin

Swatch is bringing the second generation of its contactless payments-enabled watches to China through a deal with the country's UnionPay card scheme and 11 banks.

TransferWise CEO Hinrikus steps aside for co-founder Käärmann

TransferWise CEO Hinrikus steps aside for co-founder Käärmann

18 July 2017  |  4729 views  |  0 comments | 3 tweets | 5 linkedin

TransferWise CEO Taavet Hinrikus is stepping down, handing over the reins at the fintech unicorn to his co-founder Kristo Käärmann.

Barclays rides payments-as-a-service wave with investment in Form3

Barclays rides payments-as-a-service wave with investment in Form3

18 July 2017  |  7882 views  |  0 comments | 16 tweets | 12 linkedin

Barclays Bank has joined Angel Co-Fund and individual investors in a $5 million funding round for Form3, a provider of an API-based single point of access to the full universe of payment schemes.

Mastercard to buy AI outfit Brighterion

Mastercard to buy AI outfit Brighterion

18 July 2017  |  8692 views  |  0 comments | 14 tweets | 20 linkedin

Mastercard is looking to boost its fraud detection capabilities through the acquisition of artificial intelligence specialist Brighterion. Financial terms of the deal were not disclosed.

Monzo treads cautiously as first current accounts come onstream

Monzo treads cautiously as first current accounts come onstream

17 July 2017  |  5422 views  |  0 comments | 4 tweets | 4 linkedin

Digital challenger Monzo has rolled out its first 92 current accounts as part of a staged implementation that will see up to 20,000 of the limited-edition accounts activated in the next three months.

The next round of bank transformation projects should be 'bionic'

The next round of bank transformation projects should be 'bionic'

17 July 2017  |  5780 views  |  1 comments | 14 tweets | 19 linkedin

Banks that pull off the trick of augmenting human interactions with smart digital tools can expect to generate increased revenue while cutting costs significantly, according to a new study of global banking markets by the Boston Consulting Group.

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