31 August 2016
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POSB branch banking goes round-the-clock with new Video Teller Machine
Security

POSB branch banking goes round-the-clock with new Video Teller Machine

25 August 2016  |  3532 views  |  0 comments | 3 tweets | 15 linkedin

Singapore's POSB has begun pilot trials of a new breed of ATMs capable of conducting biometric ID scanning, video teller services and dispensing lost cards and Internet banking tokens.

Handbag locks impulse spenders out of their wallets
Start ups

Handbag locks impulse spenders out of their wallets

25 August 2016  |  4614 views  |  2 comments | 10 tweets | 9 linkedin

Shopaholics can breathe easy, help is at hand. A new handbag is promising to stop impulse buying by locking, flashing and vibrating when users reach for their wallets.

R3 blockchain consortium sheds light on Concord project
Trade execution

R3 blockchain consortium sheds light on Concord project

24 August 2016  |  6822 views  |  0 comments | 15 tweets | 14 linkedin

The bank-backed R3 CEV blockchain consortium has filed its first patent application, shedding light on Corda, the software that will be central to its shared ledger project, which could begin rolling out within months.

Samsung Pay hits 100m transaction mark on first anniversary
Retail banking

Samsung Pay hits 100m transaction mark on first anniversary

24 August 2016  |  4547 views  |  1 comments | 9 tweets | 10 linkedin

A year after launch, Samsung Pay has been used to make around 100 million unique transactions in seven countries, with the electronic giant's home market of South Korea leading the way.

Wells Fargo hails video banking pilot
Mobile & online

Wells Fargo hails video banking pilot

24 August 2016  |  4524 views  |  1 comments | 11 tweets | 22 linkedin

Wells Fargo says that a pilot programme that lets customers talk to a bank staffer face-to-face from the comfort of their own homes over video connection has proved a big hit.

Visa's Olympic payment rings to go on general sale
Payments

Visa's Olympic payment rings to go on general sale

24 August 2016  |  5673 views  |  0 comments | 16 tweets | 15 linkedin

NFC payment rings first sported by Olympian athletes in Rio are now available for pre-order to the general public.

UBS wins big bank backing for Utility Settlement Coin concept
Post-trade & ops

UBS wins big bank backing for Utility Settlement Coin concept

24 August 2016  |  5682 views  |  0 comments | 20 tweets | 21 linkedin

BNY Mellon, Deutsche Bank, Icap and Santander have joined with UBS and Clearmatics to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology.

FNB launches own-branded mobile phones
Mobile & online

FNB launches own-branded mobile phones

24 August 2016  |  4017 views  |  0 comments | 5 tweets | 12 linkedin

South Africa's First National Bank (FNB) is taking its embrace of mobile services to the next level, launching its own-branded handsets.

Australian retailers back banks in Apple Pay fight
Payments

Australian retailers back banks in Apple Pay fight

23 August 2016  |  4974 views  |  1 comments | 14 tweets | 12 linkedin

Australia's retailers have thrown their weight behind an effort by the country's banks to win the right to collective bargaining with Apple over NFC access to iPhones.

Canadian fund raises $20 million fintech investment pot
Wholesale banking

Canadian fund raises $20 million fintech investment pot

23 August 2016  |  3909 views  |  0 comments | 9 tweets | 6 linkedin

Toronto-based Impression Ventures Fund has raised C$20 million to invest in early-stage Canadian financial technology companies.

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